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, a global branded consumer products company, will release its fiscal 2023 second quarter financial results for the period ending April 2, 2023, on May 12, 2023, before market opening. An accompanying live conference call will be held at 9:00 a.m. ET, featuring Executive Chairman and CEO David Maura and CFO Jeremy Smeltser. Interested participants can access the webcast and presentation slides through the Spectrum Brands Investor Relations website. The replay will also be available post-call.
Spectrum Brands is renowned for its diverse portfolio that includes trusted brands across pet supplies, home pest control, personal care, and small household appliances.
Spectrum Brands Holdings reported a 5.8% decline in net sales, totaling $713.3 million for Q1 2023, primarily due to lower replenishment orders and slower holiday retail sales. The company incurred a net loss of $40 million and an adjusted EBITDA of $39.8 million, reflecting a 19.3% decrease year-over-year. Spectrum anticipates collecting $4.3 billion from the pending sale of its HHI division by June 2023. Despite the challenges, the company expects net sales to remain flat for the fiscal year while maintaining a low double-digit adjusted EBITDA growth expectation.
Spectrum Brands Holdings announced a quarterly dividend of $0.42 per share on its common stock. The dividend will be paid on March 14, 2023, to shareholders of record by February 21, 2023. The company emphasizes its commitment to home essentials through innovative products across various categories, including pet supplies, home care, and personal care. With a diverse portfolio of trusted brands, Spectrum Brands aims to enhance consumers' lives at home, reinforcing its market position.
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