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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 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.
Spectrum Brands Holdings (NYSE: SPB) announced a quarterly dividend of $0.42 per share on its common stock. This dividend will be payable on September 28, 2021, to shareholders of record as of the close of business on August 31, 2021. The company, known for its diverse portfolio of essential home products, reported fiscal 2020 net sales of approximately $4.0 billion.
Spectrum Brands Holdings, Inc. (NYSE: SPB) will release its fiscal 2021 third quarter financial results on August 6 before the market opens. The results will cover the period ended July 4, 2021. Following the release, a live conference call will be hosted by the Executive Chairman and CEO, David Maura, along with other executives at 9:00 a.m. ET. Participants can access the call via phone or webcast. Spectrum Brands is a leading global consumer products company with around $4 billion in net sales for fiscal 2020, focusing on home essentials and innovative solutions.
Spectrum Brands (NYSE: SPB) announced its participation in the RBC Capital Markets Global Consumer and Retail Conference on June 2. The presentation, led by Executive Chairman David Maura and CFO Jeremy Smeltser, will start at 10:40 a.m. ET. Investors can access a live webcast on Spectrum Brands' website, with a replay available afterward. The company focuses on innovative consumer products across various categories, including home essentials and personal care. In fiscal 2020, Spectrum Brands generated net sales of approximately $4.0 billion.
Recent CDC research reveals that Lyme disease cases in the U.S. are more frequent than previously estimated, emphasizing the urgency for public education about tick risks. Over the past two decades, reported Lyme disease cases have tripled, with certain tick populations expanding geographically. As tick activity peaks in spring and fall, Spectrum Brands Home & Garden, through its Cutter® brand, has launched educational initiatives during Tick Awareness Week. The company's products, including Cutter® Backwoods® Tick Defense®, are designed to offer effective protection against tick bites.
Spectrum Brands Holdings (NYSE: SPB) reported strong financial results for Q2 FY2021, with net sales growth of 23%, totaling $1.15 billion. Net income from continuing operations rose by $96 million, while adjusted EBITDA increased by 29% to $181 million. The company's liquidity stands at over $860 million with net leverage of 3.2 times. They anticipate mid-teens growth in net sales and adjusted EBITDA, with expected adjusted free cash flow of $260 million to $280 million for the fiscal year.
Spectrum Brands Holdings, Inc. (NYSE: SPB) has declared a quarterly dividend of $0.42 per share on its common stock. This dividend will be paid on June 10, 2021 to stockholders of record as of the close of business on May 20, 2021.
As a leading home-essentials company, Spectrum Brands focuses on delivering innovative products, with fiscal 2020 net sales reaching approximately $4.0 billion. The company offers a broad portfolio of trusted brands across various household categories.
Spectrum Brands Holdings (NYSE: SPB) announced its acquisition of For Life Products, LLC, the maker of Rejuvenate cleaning products, for approximately $300 million. This acquisition aims to strengthen Spectrum's position in the household cleaning market, capitalizing on Rejuvenate's growth. The company anticipates significant revenue and manufacturing synergies, enhancing its product offerings and market penetration. The transaction is set to close in the first half of 2021, pending regulatory review. This strategic move aligns with Spectrum's focus on expanding its portfolio of essential home products.
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