Welcome to our dedicated page for Spectrum Brands Holdings news (Ticker: SPB), a resource for investors and traders seeking the latest updates and insights on Spectrum Brands Holdings stock.
Spectrum Brands Holdings, Inc. (symbol: SPB) is a prominent global consumer products company, renowned for its extensive range of market-leading and trusted brands. As a member of the Russell 2000 Index, Spectrum Brands engages in supplying a diverse array of consumer essentials, ensuring they meet the needs of households worldwide.
The company’s core business encompasses the supply of consumer batteries, residential locksets, residential builders’ hardware, plumbing and accessories, shaving and grooming products, personal care items, small household appliances, specialty pet supplies, lawn and garden products, home pest control solutions, personal insect repellents, and auto care goods. With this wide portfolio, Spectrum Brands stands as a critical player in various consumer markets.
Spectrum Brands manages its operations through three key segments: Home and Personal Care, Global Pet Care, and Home and Garden. Its products are manufactured, marketed, and distributed across multiple regions including North America, Europe, the Middle East & Africa, Latin America, and Asia-Pacific.
Among its well-known brands are Rayovac®, Varta®, Kwikset®, Weiser®, Baldwin®, National Hardware®, Pfister™, Remington®, George Foreman®, Black + Decker®, Farberware®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®, Furminator®, IAMS®, Eukanuba®, Digest-eeze™, Healthy-Hide®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®, Liquid Fence®, Armor All®, STP®, and A/C Pro®.
Recent achievements by Spectrum Brands include the launch of innovative products and strategic partnerships aimed at enhancing their market presence and meeting evolving consumer demands. Financially, Spectrum Brands continues to demonstrate resilience and growth potential, fueled by its diversified product offerings and global footprint.
Latest News: Spectrum Brands Holdings, Inc. continues to be in the spotlight with its latest developments and performance updates. Stay informed on the latest news to keep abreast of the company's progress and significant milestones.
Spectrum Brands reported a 2.9% increase in net sales for the first quarter of fiscal 2022, totaling $757.2 million, driven by organic growth. However, income from continuing operations fell to a $30.2 million loss, largely due to supply chain disruptions and inflationary pressures. Adjusted EBITDA decreased 53.4% to $49.3 million. The company anticipates an additional $310-$330 million in inflation, impacting margins. Despite these challenges, Spectrum Brands maintains its 2022 earnings guidance of mid-to-high single-digit net sales growth.
Spectrum Brands Holdings, Inc. (NYSE: SPB) has declared a quarterly dividend of $0.42 per share on its Common Stock. This dividend is payable on March 15, 2022, to stockholders of record by the close of business on February 22, 2022. Spectrum Brands is renowned for its diverse range of household products, including brands such as Remington®, George Foreman®, and Tetra®. The company aims to enhance everyday living through innovative solutions and trusted brands.
Spectrum Brands Holdings (NYSE: SPB) will release its fiscal 2022 Q1 financial results on February 4, 2022, before market opening. The results will cover the period ending December 31, 2021. A live conference call will follow at 9:00 a.m. ET, featuring executives David Maura (CEO), Jeremy Smeltser (CFO), and Randy Lewis (COO). Participants can access the call via U.S. and international numbers provided. Replay options will be available until February 18, 2022. For more details, visit Spectrum Brands’ website.
Spectrum Brands Holdings (NYSE: SPB) announced its participation in the CJS Securities 22nd Annual New Ideas for the New Year Conference on January 12. The presentation will be delivered by Jeremy Smeltser, Executive Vice President and CFO, at 1:35 PM Eastern Time. A live webcast of the presentation will be available on the company's website www.spectrumbrands.com, and a replay will be accessible post-event. Spectrum Brands is a leading home essentials company with a focus on innovative consumer products.
Spectrum Brands reported fourth quarter net sales from continuing operations of $757.8 million, showing a 2.8% increase year-over-year. Net income from continuing operations reached $6.1 million, with diluted EPS at $0.14. For the full year, net sales totaled $2.998 billion, demonstrating robust growth despite challenges. Adjusted EBITDA from continuing operations was $79.1 million for the quarter, with a full-year figure of $391.8 million. Looking forward, the company anticipates mid to high single-digit net sales growth for fiscal 2022, alongside low single-digit adjusted EBITDA growth amid inflationary pressures.
Spectrum Brands Holdings (NYSE: SPB) declared a quarterly dividend of
Spectrum Brands Holdings (NYSE: SPB) will release its fiscal 2021 fourth quarter financial results on November 12, 2021. The results cover the period ending September 30, 2021, and will be announced before the market opens. A live conference call will be held on the same day at 9:00 a.m. ET, hosted by senior executives including David Maura, Executive Chairman and CEO. The call can be accessed by U.S. participants at 877-604-7329. A webcast will also be available on the company's website.
Spectrum Brands has announced a definitive agreement to sell its Hardware & Home Improvement (HHI) segment to ASSA ABLOY for $4.3 billion, equating to over 14x FY21 Adjusted EBITDA. This strategic shift aims to streamline Spectrum Brands into three focused categories: Global Pet Care, Home & Garden, and Home and Personal Care. The sale will reduce gross leverage to approximately 2.5x and allow for significant reinvestment into growth, acquisitions, and shareholder returns, while maintaining a quarterly dividend of $0.42 per share.
MIDDLETON, Wis. – Spectrum Brands Holdings (NYSE: SPB) announced its participation in the Barclays Global Consumer Staples Conference on September 9. The presentation will be delivered by CFO Jeremy Smeltser at 2:40 p.m. ET. A live webcast will be available on the company’s website, and a replay will follow. Spectrum Brands is a leading global consumer products company, providing a wide range of innovative home essentials. In FY 2020, the company generated approximately $4.0 billion in net sales.
Spectrum Brands (SPB) reported an 18.1% increase in Q3 sales, totaling $1.162 billion, with strong growth across all business units, particularly in Hardware and Home Improvement (HHI), which saw a 48.8% rise.
Net income from continuing operations decreased to $34.9 million due to previous year gains. Adjusted EBITDA rose 1.8% to $167.4 million, while adjusted EPS improved 15.4% to $1.57 despite inflationary pressures. The company expects mid-teens net sales and adjusted EBITDA growth for 2021, with adjusted free cash flow projected at $260-$280 million.
FAQ
What is the current stock price of Spectrum Brands Holdings (SPB)?
What is the market cap of Spectrum Brands Holdings (SPB)?
What does Spectrum Brands Holdings, Inc. do?
Which segments does Spectrum Brands manage its businesses through?
Where are Spectrum Brands' products available?
Can you name some of the well-known brands under Spectrum Brands Holdings, Inc.?
Is Spectrum Brands part of any major stock index?
How does Spectrum Brands ensure it meets consumer needs?
What recent achievements has Spectrum Brands made?
What is the financial condition of Spectrum Brands?
How can I stay updated on the latest news from Spectrum Brands?
What makes Spectrum Brands significant in the consumer market?
