Welcome to our dedicated page for Spectrum Brands news (Ticker: SPB), a resource for investors and traders seeking the latest updates and insights on Spectrum Brands stock.
Spectrum Brands Holdings Inc (SPB) is a global leader in consumer essentials spanning home, personal care, and pet care products. This page serves as the definitive source for official company announcements, financial updates, and market developments.
Investors and industry professionals will find timely updates on quarterly earnings, product innovations, strategic partnerships, and corporate governance matters. Our curated collection ensures access to both regulatory filings and analysis-ready news summaries.
Key focus areas include developments in Home & Personal Care appliances, Global Pet Care innovations, and Home & Garden solutions. Content spans operational milestones, sustainability initiatives, and leadership updates impacting SPB's market position.
Bookmark this page for streamlined tracking of Spectrum Brands' performance across its diversified portfolio. Check regularly for verified updates from corporate communications and authorized financial reporting sources.
Spectrum Brands Holdings announced a cash tender offer and consent solicitation for its outstanding senior notes. The offer involves 4.00% Senior Notes due 2026, 5.00% Senior Notes due 2029, 5.50% Senior Notes due 2030, and 3.875% Senior Notes due 2031, with a combined purchase price up to $925 million. The Early Tender Time is June 3, 2024, and the Expiration Time is June 18, 2024. The company also seeks consents for proposed amendments to the indentures governing the 2026, 2029, and 2030 Notes. These amendments would shorten redemption notice periods and eliminate restrictive covenants. The Tender Offer and Consent Solicitation may be adjusted, extended, or terminated at Spectrum Brands' discretion. RBC Capital Markets, J.P. Morgan Securities, and UBS Securities are managing the offer.
Spectrum Brands Holdings reported a decrease in net sales by 1.5% due to lower consumer demand in home appliances and aquatics in North America. However, net income and Adjusted EBITDA improved significantly. The company repurchased shares worth $98 million and entered into a new long-term license agreement with Black & Decker. They updated their fiscal 2024 earnings framework, expecting flat net sales and low double-digit growth in Adjusted EBITDA. Spectrum Brands also announced plans to pursue strategic alternatives for their Home and Personal Care business.
Spectrum Brands Holdings, Inc. (NYSE: SPB) declared a quarterly dividend of $0.42 per share on Common Stock payable on June 18, 2024. The company aims to make living better at home through its innovative products and solutions under various trusted brands.
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