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, Inc. (NYSE: SPB) will release its fiscal 2023 first quarter financial results on February 10, 2023, before the market opens. The results will cover the period ending January 1, 2023. Following the release, Spectrum Brands will host a live conference call and webcast at 9:00 a.m. Eastern Time, featuring Executive Chairman David Maura and CFO Jeremy Smeltser. A replay of the call will be available afterward. Spectrum Brands is known for its diverse range of consumer products, including pet supplies, home pest control, and personal care items. For further details, visit their website.
Spectrum Brands Holdings (NYSE: SPB) reiterated its commitment to completing the $4.3 billion sale of its Hardware and Home Improvement segment to ASSA ABLOY, despite a DOJ lawsuit aimed at blocking the deal. CEO David Maura emphasized the sale will enhance consumer choice and innovation in the home security market. Concurrently, ASSA ABLOY will divest certain businesses to Fortune Brands to alleviate competition concerns. Both transactions are expected to close in Q2 2023 following legal proceedings.
Spectrum Brands Holdings reported a 1.1% decrease in net sales for Q4 FY2022, with a net loss of $24.8 million. Adjusted EBITDA declined to $74.7 million, impacted by currency fluctuations and a challenging retail environment. Looking ahead, the company expects low single-digit net sales growth and low double-digit EBITDA growth for FY2023. Spectrum Brands anticipates over $200 million in inventory reduction and plans to collect $4.3 billion from the sale of HHI by June 2023.
Spectrum Brands Holdings (NYSE: SPB) has announced a new record date of November 28, 2022 for its quarterly dividend of $0.42 per share. The payment date is set for December 13, 2022. This dividend distribution reflects the company’s commitment to returning value to its shareholders.
Spectrum Brands Holdings (NYSE: SPB) will announce its fiscal 2022 fourth quarter financial results for the period ending September 30, 2022 on November 18, 2022, before market open. A live conference call will follow at 9:00 a.m. ET, hosted by Executive Chairman David Maura and CFO Jeremy Smeltser. Interested parties can access the webcast via the company's Investor Relations website. A replay will be available post-call.
Spectrum Brands Holdings, Inc. (NYSE: SPB) has filed its response to the U.S. Department of Justice's (DOJ) lawsuit aimed at blocking its sale of the Hardware and Home Improvement (HHI) segment to ASSA ABLOY. The Company asserts that the transaction will enhance competition in the residential security market. Spectrum Brands contends that prior proposals to address DOJ's antitrust concerns were dismissed without valid reasons. They remain confident that, with proposed divestitures considered, the lawsuit will be overturned in court, allowing the transaction to proceed.
Spectrum Brands Holdings, Inc. (NYSE: SPB) announced its intention to vigorously oppose the U.S. Department of Justice's (DOJ) lawsuit aiming to block the sale of its Hardware and Home Improvement (HHI) business to ASSA ABLOY for $4.3 billion. The company believes this transaction will enhance competition and consumer choice in the home security marketplace. CEO David Maura criticized the DOJ's actions and asserted confidence in prevailing in court, emphasizing the commitment to focus on core business segments, particularly Global Pet Care and Home & Garden.
Spectrum Brands (SPB) reported a 10% increase in net sales for Q3 FY22, reaching $818 million. However, the adjusted EBITDA decreased by 19.4% to $80.1 million due to lower volume and higher costs. The company is committed to completing the $4.3 billion sale of its HHI business to ASSA ABLOY. Despite challenges, such as softening consumer demand and unfavorable weather impacting sales in Home & Garden, the company aims for mid-single-digit sales growth and anticipates an adjusted EBITDA power of over $400 million for continuing operations.
Spectrum Brands Holdings (NYSE: SPB) declared a quarterly dividend of $0.42 per share, with payment scheduled for September 28, 2022. Stockholders must be on record by the close of business on August 30, 2022. This announcement underscores Spectrum Brands' commitment to returning value to shareholders amid its focus on delivering innovative home essentials.
FAQ
What is the current stock price of Spectrum Brands (SPB)?
What is the market cap of Spectrum Brands (SPB)?
