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. reports recurring developments as a global branded consumer products and home-essentials company. Its updates center on operating results, organic sales trends, adjusted EBITDA, leverage, common stock dividends and management commentary across Global Pet Care, Home & Garden, and Home & Personal Care.
The company supplies specialty pet products, aquatics and companion-animal brands, lawn and garden and home pest control products, personal insect repellents, shaving and grooming products, personal care items and small household appliances. News also covers brand and channel performance, regional demand trends, distribution, retailer ordering patterns and business initiatives tied to names such as Tetra, DreamBone, Nature’s Miracle, Spectracide, Cutter, Repel, Remington, George Foreman, Russell Hobbs, BLACK + DECKER, PowerXL and Copper Chef.
Summary not available.
Summary not available.
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.
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.
org value="NYSE:SPB"Spectrum Brands Holdings has declared a quarterly dividend of $0.42 per share, payable on December 13, 2022. Shareholders on record as of November 21, 2022 will receive this dividend, indicating the company's ongoing commitment to returning value to its investors. Spectrum Brands is recognized for its diverse range of home essentials, including specialty pet supplies and household appliances, aiming to enhance consumer living experiences.