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Jan 03, 2021
Spectrum Brands Q1 2021 Earnings Report
Spectrum Brands' first quarter of fiscal 2021 reflected exceptional sales growth and strong operating leverage.
Key Takeaways
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.
Net sales increased 31.4% and organic net sales increased 27.8%, with growth across all business units.
GAAP net income from continuing operations increased $110.9 million to $73.2 million.
Adjusted EBITDA increased $101.9 million or 99.7% to $204.1 million.
Maintained strong financial flexibility with over $800 million of total liquidity.
Revenue by Segment
Forward Guidance
Spectrum Brands now expects high single-digit reported net sales growth and adjusted EBITDA is also expected to increase high single-digits.
Challenges Ahead
- Transportation and commodity related inflation are expected to partially offset the leverage from the higher expected net sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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