Spectrum Brands Stock Price, News & Analysis

Spectrum Brands Holdings (NYSE: SPB) announced the sale of $500 million in 3.875% Senior Notes due 2031, increased from a prior offering of $400 million. The offering will close on March 3, 2021, pending customary conditions. The net proceeds are intended for tender offers, related fees, and general corporate purposes, alongside a new $400 million senior secured term loan facility. The Notes are exclusively offered to qualified institutional buyers and non-U.S. persons under specific regulations, with full guarantees from SB/RH Holdings and domestic subsidiaries.

Spectrum Brands Holdings, Inc. (NYSE: SPB) has announced an offering of $400 million in Senior Notes due 2031 through its subsidiary, Spectrum Brands, Inc. The offering is aimed at qualified institutional buyers under Rule 144A and non-U.S. persons outside the U.S. Proceeds will fund a tender offer and related expenses, along with a new $350 million senior secured term loan. The Notes will be guaranteed by SB/RH Holdings and certain subsidiaries. This offering is subject to market conditions and not an offer to sell.

Spectrum Brands Holdings (NYSE: SPB) announced a cash tender offer for its $250 million of 6.125% Senior Notes due 2024 and up to $500 million of 5.750% Senior Notes due 2025. The offers include a consent solicitation to amend the indentures of the 2024 Notes, allowing for reduced notice periods for redemption and eliminating restrictive covenants. The 2024 Notes Tender Offer is set to expire on March 15, 2021, and the 2025 Notes Tender Offer is also scheduled to expire on the same date. The company plans to fund the consideration through incremental term loans and cash on hand.

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.