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.
Spectrum Brands Holdings, Inc. (NYSE: SPB) has declared a quarterly dividend of $0.42 per share on its Common Stock. This dividend is payable on March 15, 2022, to stockholders of record by the close of business on February 22, 2022. Spectrum Brands is renowned for its diverse range of household products, including brands such as Remington®, George Foreman®, and Tetra®. The company aims to enhance everyday living through innovative solutions and trusted brands.
Spectrum Brands Holdings (NYSE: SPB) will release its fiscal 2022 Q1 financial results on February 4, 2022, before market opening. The results will cover the period ending December 31, 2021. A live conference call will follow at 9:00 a.m. ET, featuring executives David Maura (CEO), Jeremy Smeltser (CFO), and Randy Lewis (COO). Participants can access the call via U.S. and international numbers provided. Replay options will be available until February 18, 2022. For more details, visit Spectrum Brands’ website.
Spectrum Brands Holdings (NYSE: SPB) announced its participation in the CJS Securities 22nd Annual New Ideas for the New Year Conference on January 12. The presentation will be delivered by Jeremy Smeltser, Executive Vice President and CFO, at 1:35 PM Eastern Time. A live webcast of the presentation will be available on the company's website www.spectrumbrands.com, and a replay will be accessible post-event. Spectrum Brands is a leading home essentials company with a focus on innovative consumer products.
Spectrum Brands reported fourth quarter net sales from continuing operations of $757.8 million, showing a 2.8% increase year-over-year. Net income from continuing operations reached $6.1 million, with diluted EPS at $0.14. For the full year, net sales totaled $2.998 billion, demonstrating robust growth despite challenges. Adjusted EBITDA from continuing operations was $79.1 million for the quarter, with a full-year figure of $391.8 million. Looking forward, the company anticipates mid to high single-digit net sales growth for fiscal 2022, alongside low single-digit adjusted EBITDA growth amid inflationary pressures.
Spectrum Brands Holdings (NYSE: SPB) declared a quarterly dividend of $0.42 per share, payable on December 14, 2021. Stockholders of record as of November 22, 2021 will receive this dividend. Spectrum Brands is a leader in home essentials with a diverse portfolio, including brands such as Kwikset®, Black+Decker®, and George Foreman®. The company generated approximately $4.0 billion in net sales for fiscal 2020.
Spectrum Brands Holdings (NYSE: SPB) will release its fiscal 2021 fourth quarter financial results on November 12, 2021. The results cover the period ending September 30, 2021, and will be announced before the market opens. A live conference call will be held on the same day at 9:00 a.m. ET, hosted by senior executives including David Maura, Executive Chairman and CEO. The call can be accessed by U.S. participants at 877-604-7329. A webcast will also be available on the company's website.
Spectrum Brands has announced a definitive agreement to sell its Hardware & Home Improvement (HHI) segment to ASSA ABLOY for $4.3 billion, equating to over 14x FY21 Adjusted EBITDA. This strategic shift aims to streamline Spectrum Brands into three focused categories: Global Pet Care, Home & Garden, and Home and Personal Care. The sale will reduce gross leverage to approximately 2.5x and allow for significant reinvestment into growth, acquisitions, and shareholder returns, while maintaining a quarterly dividend of $0.42 per share.
MIDDLETON, Wis. – Spectrum Brands Holdings (NYSE: SPB) announced its participation in the Barclays Global Consumer Staples Conference on September 9. The presentation will be delivered by CFO Jeremy Smeltser at 2:40 p.m. ET. A live webcast will be available on the company’s website, and a replay will follow. Spectrum Brands is a leading global consumer products company, providing a wide range of innovative home essentials. In FY 2020, the company generated approximately $4.0 billion in net sales.
Spectrum Brands (SPB) reported an 18.1% increase in Q3 sales, totaling $1.162 billion, with strong growth across all business units, particularly in Hardware and Home Improvement (HHI), which saw a 48.8% rise.
Net income from continuing operations decreased to $34.9 million due to previous year gains. Adjusted EBITDA rose 1.8% to $167.4 million, while adjusted EPS improved 15.4% to $1.57 despite inflationary pressures. The company expects mid-teens net sales and adjusted EBITDA growth for 2021, with adjusted free cash flow projected at $260-$280 million.
Spectrum Brands Holdings (NYSE: SPB) announced a quarterly dividend of $0.42 per share on its common stock. This dividend will be payable on September 28, 2021, to shareholders of record as of the close of business on August 31, 2021. The company, known for its diverse portfolio of essential home products, reported fiscal 2020 net sales of approximately $4.0 billion.