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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 Holdings (NYSE: SPB) announced its participation in the Raymond James Institutional Investors Conference on March 3. The presentation will be led by Chairman and CEO David Maura and CFO Jeremy Smeltser at 11:40 a.m. ET. Interested parties can access a live webcast of the presentation via the company’s website, with a replay also available afterward. Spectrum Brands, a member of the Russell 1000 Index, offers a diverse range of consumer products, including home essentials and personal care items, through well-known brands like Kwikset, George Foreman, and IAMS.
Spectrum Brands Holdings, Inc. (NYSE: SPB) announced an increase in the aggregate principal amount of its 5.750% Senior Notes due 2025 offered for purchase from $500 million to $550 million as part of the previously disclosed tender offer from February 16, 2021. All other terms and conditions of the tender offer remain unchanged. Spectrum Brands has engaged RBC Capital Markets as the Dealer Manager. This announcement serves informational purposes only, and holders of the 2025 Notes are encouraged to make independent decisions on tendering their notes.
Spectrum Brands Holdings (NYSE: SPB) announced the sale of $500 million in 3.875% Senior Notes due 2031, increased from a prior offering of $400 million. The offering will close on March 3, 2021, pending customary conditions. The net proceeds are intended for tender offers, related fees, and general corporate purposes, alongside a new $400 million senior secured term loan facility. The Notes are exclusively offered to qualified institutional buyers and non-U.S. persons under specific regulations, with full guarantees from SB/RH Holdings and domestic subsidiaries.
Spectrum Brands Holdings, Inc. (NYSE: SPB) has announced an offering of $400 million in Senior Notes due 2031 through its subsidiary, Spectrum Brands, Inc. The offering is aimed at qualified institutional buyers under Rule 144A and non-U.S. persons outside the U.S. Proceeds will fund a tender offer and related expenses, along with a new $350 million senior secured term loan. The Notes will be guaranteed by SB/RH Holdings and certain subsidiaries. This offering is subject to market conditions and not an offer to sell.
Spectrum Brands Holdings (NYSE: SPB) announced a cash tender offer for its $250 million of 6.125% Senior Notes due 2024 and up to $500 million of 5.750% Senior Notes due 2025. The offers include a consent solicitation to amend the indentures of the 2024 Notes, allowing for reduced notice periods for redemption and eliminating restrictive covenants. The 2024 Notes Tender Offer is set to expire on March 15, 2021, and the 2025 Notes Tender Offer is also scheduled to expire on the same date. The company plans to fund the consideration through incremental term loans and cash on hand.
Spectrum Brands Holdings (NYSE: SPB) announced its participation in the 2021 Consumer Analyst Group of New York (CAGNY) Conference on February 18, 2021. The presentation will feature Chairman and CEO David Maura and COO Randy Lewis, scheduled for 1:50 p.m. Eastern Time. A live webcast of the presentation will be available on the Company's website, with a replay option following the event. Spectrum Brands is a prominent supplier of various consumer products, holding a strong portfolio of trusted brands across several categories.
Spectrum Brands Holdings (SPB) reported strong Q1 fiscal 2021 results, showcasing a 31% increase in net sales to $1.145 billion, driven by broad growth across all business units. Adjusted EBITDA doubled to $204 million, with net income from continuing operations up to $73.2 million.
The Company achieved a significant operational turnaround with higher gross profit margins and reduced restructuring costs. E-commerce sales surged over 54%, leading to a revised net sales outlook, now expecting high single-digit growth for the year.
Spectrum Brands Holdings (NYSE: SPB) has declared a quarterly dividend of $0.42 per share. The dividend is scheduled for payment on March 16, 2021, to stockholders of record as of February 23, 2021. This announcement reflects the company's commitment to returning value to its shareholders and maintaining a stable dividend policy.
Spectrum Brands Holdings (NYSE: SPB) plans to release its fiscal 2021 first quarter financial results for the period ending January 3, 2021, before market open on February 5, 2021. A live conference call with top executives including David Maura, Jeremy Smeltser, and Randy Lewis will take place at 8:30 a.m. EST on the same day, accessible via phone or webcast. A replay will be available until February 19. Spectrum Brands is a leading global supplier of essential consumer products, including well-known brands like Kwikset, Remington, and George Foreman.
Spectrum Brands Holdings (NYSE: SPB) reported strong results for Q4 and fiscal 2020, with net sales increasing by 17.9% to $1.17 billion. The company experienced growth across all business units, driven by elevated demand and effective marketing strategies. Despite a $17 million increase in corporate expenses due to changes in the incentive compensation program, adjusted EBITDA grew 6.3% to $173.3 million. For fiscal 2021, Spectrum Brands expects 3-5% net sales growth and aims for adjusted free cash flow between $250 million and $270 million.
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