Spectrum Brands (SPB) Q2 Earnings Top Estimates, Sales Down [Yahoo! Finance]
Spectrum Brands Holdings, Inc. (SPB)
Last spectrum brands holdings, inc. earnings: 4/30 06:30 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=75225&p=irol-irhome
Company Research
Source: Yahoo! Finance
Results gained from cost improvements, the exit of non-core unproductive categories, reduced inventory and improved fill rates across all businesses. Shares of this current Zacks Rank #3 (Hold) company have gained 26.5% in the past six months compared with the industry's 18.2% growth. Q2 Highlights SPB reported adjusted earnings of $1.62 per share, which sharply beat the Zacks Consensus Estimate of 49 cents. The figure compares favorably with the year-ago quarter's loss of 14 cents a share. This upside is mainly attributable to higher adjusted EBITDA margins. Spectrum Brands' net sales fell 1.5% year over year to $718.5 million but surpassed the consensus estimate of $708 million. The decline was due to an organic net sales drop of 1.6%. Also, reduced sales in home appliances, lower volumes in Aquatics in North America and the impact of SKU rationalizations offset by stronger Controls sales contributed to the decline. However, favorable foreign currency impacts of $1.2 million
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News
- Spectrum Brands (SPB) Unveils Offering & Share Repurchase Plan [Yahoo! Finance]Yahoo! Finance
- Spectrum Brands Announces Pricing of Private Offering of $300 Million of New Exchangeable Senior Notes [Yahoo! Finance]Yahoo! Finance
- Spectrum Brands Announces Pricing of Private Offering of $300 Million of New Exchangeable Senior NotesBusiness Wire
- Spectrum Brands Announces Proposed Offering of Exchangeable Notes & Share Repurchase Plan [Yahoo! Finance]Yahoo! Finance
- Spectrum Brands Announces Tender Offer and Consent Solicitation for 4.00% Senior Notes Due 2026, 5.00% Senior Notes Due 2029 and 5.50% Senior Notes Due 2030, and Tender Offer for 3.875% Senior Notes Due 2031 [Yahoo! Finance]Yahoo! Finance
SPB
Earnings
- 5/9/24 - Beat
SPB
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- SPB's page on the SEC website