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Stock impact report

Spectrum Brands Holdings Reports Fiscal 2024 Second Quarter Results

Spectrum Brands Holdings, Inc. (SPB) 
Last spectrum brands holdings, inc. earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Business Wire
Net Sales Decreased 1.5% Driven by Lower Consumer Demand in Home Appliances, Aquatics Particularly in North America and the Impact of SKU Rationalizations, Offset by Strong POS in Controls Due to Favorable Weather TrendsNet Income From Continuing Operations of $49.9 Million and Adjusted EBITDA of $112.3 Million Improved by $124.9 million and $61.3 million, RespectivelyExcluding Investment Income of $17.0 million, Adjusted EBITDA was $95.3 millionRepurchased 1.2 million Shares in Q2 for $98 millionRepurchased 12.1 Million Shares Since the Close of HHI Through Today for $920 MillionEntered into New Long-Term Black & Decker License AgreementUpdating Fiscal 2024 Earnings Framework and Now Expect Net Sales to be Relatively Flat Compared to Prior Year and, Excluding Investment Income, Adjusted EBITDA to Grow Low Double-Digits MIDDLETON, Wisc.--(BUSINESS WIRE)--Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global branded consumer products and ho Show less Read more
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