Spectrum Brands Earnings Reports

Spectrum Brands delivered solid cash flow despite a 5.2% drop in revenue and an 8% decline in adjusted EBITDA. Net income rose significantly due to tax benefits and lower operating expenses.

Spectrum Brands faced a challenging quarter with significant sales declines across all segments due to strategic decisions related to tariffs, supply chain disruptions, and soft consumer demand. Despite these headwinds, the company saw an increase in net income from continuing operations and reaffirmed its free cash flow guidance for fiscal 2025, indicating a focus on long-term stability and cost reduction.

Spectrum Brands Holdings reported a challenging second quarter for fiscal 2025, with net sales decreasing by 6.0%. The decline was primarily attributed to softening North American demand in Global Pet Care and Home and Personal Care, as well as the timing of seasonal inventory purchases in Home & Garden. Net income from continuing operations significantly decreased by 96.4% to $1.8 million, and Adjusted EBITDA fell by 36.5% to $71.3 million.

Spectrum Brands Holdings reported a 1.2% increase in net sales and a 1.9% increase in organic sales, driven by an extended fall season and accelerated pre-season sales for Home & Garden. Net income from continuing operations increased to $24.6 million, while adjusted EBITDA decreased to $77.8 million. The company maintains its fiscal 2025 earnings framework, expecting low single-digit net sales growth and mid to high single-digit adjusted EBITDA growth.

Spectrum Brands Holdings reported a 4.5% increase in net sales for the fourth quarter of fiscal year 2024, with organic net sales up by 4.8%. Net income for the quarter was $12.8 million. The company exceeded annual operating plans and all businesses returned to growth in the second half of the year. The company expects low single-digit net sales growth and mid to high single-digit adjusted EBITDA growth for fiscal 2025.

Spectrum Brands Holdings reported a 6.0% increase in net sales, driven by favorable weather conditions and improved retailer inventory in the Home & Garden business, along with continued strength in e-commerce. Net income from continuing operations was $19.1 million, and Adjusted EBITDA was $106.3 million. The company updated its fiscal 2024 earnings framework and now expects adjusted EBITDA to grow approximately 20%, excluding investment income.

Spectrum Brands Holdings reported a decrease in net sales by 1.5%, but a significant improvement in net income and adjusted EBITDA. The company is updating its fiscal 2024 earnings framework to expect net sales to be relatively flat and adjusted EBITDA to grow in the low double-digits, excluding investment income.

Spectrum Brands Holdings reported a 3.0% decrease in net sales, driven by lower consumer demand in North American Small Kitchen Appliances and SKU rationalizations, offset by favorable foreign currency and positive pricing adjustments. Net income from continuing operations was $17.5 million, and Adjusted EBITDA improved by $44.5 million to $84.3 million. The company repurchased 3.3 million shares in Q1 for $243 million and maintains its fiscal 2024 earnings framework.

Spectrum Brands Holdings reported a 1.2% decrease in net sales, driven by slower category POS and the planned exit of non-strategic categories. However, net income from continuing operations was $53.5 million, and Adjusted EBITDA reached $113.7 million. The company expects a low single-digit net sales decline and high single-digit Adjusted EBITDA growth for fiscal year 2024, excluding investment income.

Spectrum Brands Holdings reported a decrease in net sales by 10.1% due to retailer inventory reduction strategies and slower category POS, but Adjusted EBITDA grew 23% year over year. The company successfully completed the sale of HHI for $4.3 billion and repaid $1.55 billion of outstanding debt.

Spectrum Brands Holdings reported a 9.7% decrease in net sales, driven by retailer inventory strategies. The company experienced a net loss from continuing operations of $75.0 million. However, they resolved the lawsuit with the U.S. Department of Justice regarding ASSA ABLOY's acquisition of HHI Segment and expects to collect $4.3 billion upon completion of the sale of HHI.

Spectrum Brands Holdings reported a 5.8% decrease in net sales, driven by lower replenishment orders and unfavorable foreign currency, but offset by positive pricing adjustments. The company experienced a net loss from continuing operations of $40.0 million. However, the company is focused on free cash flow generation, reducing inventory by $65 million in the first quarter. They expect to collect $4.3 billion upon completion of the sale of HHI, anticipated by the end of June 2023.

Spectrum Brands Holdings reported a 1.1% decrease in net sales, impacted by unfavorable foreign exchange rates and lower replenishment orders from retailers reducing inventory. The company is focused on maximizing free cash flow and deleveraging the balance sheet, with expectations of low single-digit net sales growth and low double-digit EBITDA growth for fiscal year 2023.

Spectrum Brands Holdings reported a 10.0% increase in net sales and a 4.4% increase in organic net sales for the third quarter of fiscal 2022. The company is progressing with the sale of its HHI business and the separation of its Home & Personal Appliances business. However, adjusted EBITDA declined due to lower volume, unfavorable foreign exchange impact, and higher transaction and restructuring costs.

Spectrum Brands Holdings reported a 6.2% increase in net sales and a 2.0% increase in organic net sales for the second quarter of fiscal 2022. However, the company realized a net loss from continuing operations of $25.1 million, and adjusted EBITDA declined to $79.0 million due to supply chain disruptions, input cost inflation, and higher restructuring costs. The company is updating its 2022 earnings framework to reflect the impact of the Tristar acquisition and other headwinds.

Spectrum Brands Holdings reported a 2.9% increase in net sales and a 1.6% increase in organic net sales for the first quarter of fiscal 2022. However, income from continuing operations decreased to a loss of $30.2 million, and adjusted EBITDA was $49.3 million, due to supply chain disruptions, input cost inflation, and higher restructuring costs. The company expects additional pricing actions to offset the majority of projected inflationary increases and maintains its 2022 earnings framework of mid-to-high single-digit net sales growth and low single-digit adjusted EBITDA growth.

Spectrum Brands Holdings reported a net sales increase of 2.8% for the fourth quarter, with a net income of $6.1 million. The company is expecting mid to high single-digit net sales growth and low single-digit adjusted EBITDA growth for fiscal year 2022.

Spectrum Brands Holdings reported an 18.1% increase in net sales and a 12.0% increase in organic net sales for the third quarter of fiscal year 2021. Net income from continuing operations decreased by $101.7 million to $35.9 million. Adjusted EBITDA increased by 1.8% to $167.4 million. The company reiterates its 2021 earnings framework for net sales, adjusted EBITDA, and adjusted free cash flow and maintained strong financial flexibility with over $600 million of total liquidity.

Spectrum Brands Holdings reported a strong second quarter in fiscal year 2021, with net sales increasing by 22.6% and organic net sales increasing by 17.8%. Net income from continuing operations increased by $96.0 million to $36.8 million, and adjusted EBITDA increased by 28.8% to $180.9 million. The company raised its 2021 earnings framework to reflect expected net sales and adjusted EBITDA growth in the mid-teens.

Spectrum Brands Holdings reported exceptional sales growth and strong operating leverage in Q1 2021, with net sales increasing by 31.4% and adjusted EBITDA doubling to $204 million. The company is raising its 2021 earnings framework to reflect expected net sales and adjusted EBITDA growth of high single-digits.

Spectrum Brands Holdings reported strong Q4 and full-year results for fiscal 2020, with significant growth in net sales, operating income, and adjusted EBITDA. The company's net sales increased by 17.9%, driven by strong performance across all business units. Improved productivity and favorable pricing contributed to gross margin improvements. The company expects to deliver 3% to 5% Net Sales Growth and Mid Single-Digit Adjusted EBITDA Growth for Fiscal 2021.