Spectrum Brands Stock Price, News & Analysis

Spectrum Brands Holdings (NYSE: SPB) announced its participation in the 2021 Consumer Analyst Group of New York (CAGNY) Conference on February 18, 2021. The presentation will feature Chairman and CEO David Maura and COO Randy Lewis, scheduled for 1:50 p.m. Eastern Time. A live webcast of the presentation will be available on the Company's website, with a replay option following the event. Spectrum Brands is a prominent supplier of various consumer products, holding a strong portfolio of trusted brands across several categories.

Spectrum Brands Holdings (SPB) reported strong Q1 fiscal 2021 results, showcasing a 31% increase in net sales to $1.145 billion, driven by broad growth across all business units. Adjusted EBITDA doubled to $204 million, with net income from continuing operations up to $73.2 million.

The Company achieved a significant operational turnaround with higher gross profit margins and reduced restructuring costs. E-commerce sales surged over 54%, leading to a revised net sales outlook, now expecting high single-digit growth for the year.

Spectrum Brands Holdings (NYSE: SPB) has declared a quarterly dividend of $0.42 per share. The dividend is scheduled for payment on March 16, 2021, to stockholders of record as of February 23, 2021. This announcement reflects the company's commitment to returning value to its shareholders and maintaining a stable dividend policy.

Spectrum Brands Holdings (NYSE: SPB) plans to release its fiscal 2021 first quarter financial results for the period ending January 3, 2021, before market open on February 5, 2021. A live conference call with top executives including David Maura, Jeremy Smeltser, and Randy Lewis will take place at 8:30 a.m. EST on the same day, accessible via phone or webcast. A replay will be available until February 19. Spectrum Brands is a leading global supplier of essential consumer products, including well-known brands like Kwikset, Remington, and George Foreman.

Spectrum Brands Holdings (NYSE: SPB) reported strong results for Q4 and fiscal 2020, with net sales increasing by 17.9% to $1.17 billion. The company experienced growth across all business units, driven by elevated demand and effective marketing strategies. Despite a $17 million increase in corporate expenses due to changes in the incentive compensation program, adjusted EBITDA grew 6.3% to $173.3 million. For fiscal 2021, Spectrum Brands expects 3-5% net sales growth and aims for adjusted free cash flow between $250 million and $270 million.

Spectrum Brands Holdings, Inc. (NYSE: SPB) declared a quarterly dividend of $0.42 per share on its common stock. This dividend will be paid on December 15, 2020, to stockholders of record as of the close of business on November 23, 2020. With its diverse portfolio, including brands like Kwikset, George Foreman, and Tetra, Spectrum Brands continues to establish itself as a leader in various household product categories.

Spectrum Brands (NYSE: SPB) announced the acquisition of Armitage Pet Care Ltd., a U.K. leader in pet treats and toys, for approximately $180 million. Armitage generated over $80 million in net sales in the past year. This acquisition aims to expand Spectrum's Global Pet Care business, leveraging Armitage's 17% annual sales growth and enhancing its e-commerce presence. The integration is expected to enhance market reach in the U.K. and continental Europe, adding brands like Good Boy® and Wafcol® to Spectrum's portfolio.

Spectrum Brands Holdings (NYSE: SPB) announced it will release its fiscal 2020 fourth quarter and full year financial results on November 13, 2020, before market open. A live conference call will take place at 9:00 a.m. ET, featuring key executives including David Maura, CEO. Participants can access the call via U.S. number 877-604-7329 or international number 602-563-8688, using ID 3218924. The company, a member of the Russell 1000 Index, offers a diverse portfolio of consumer products, including well-known brands such as Kwikset and George Foreman.

Spectrum Brands Holdings (NYSE: SPB) has appointed Gautam Patel and Anne S. Ward as independent directors to its Board of Directors. Their extensive backgrounds in investments and consumer products are expected to enhance the Board's skill set. Patel has vast experience in mergers and acquisitions, while Ward brings expertise from leading CURiO Brands. The appointments align with Spectrum's commitment to corporate governance and diversity, aiming to reflect shareholder dialogue and improve Board capabilities.