Loading...
•
Sep 30, 2020
Spectrum Brands Q4 2020 Earnings Report
Reported strong growth across all business units with improved gross margins and increased operating income and adjusted EBITDA.
Key Takeaways
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.
Net sales increased 17.9% and organic net sales increased 17.1% reflecting strong growth across all business units.
Operating income and adjusted EBITDA increased, driven by strong volumes and gross margins improvement of 240 basis points.
The company expects to deliver 3% to 5% net sales growth and mid single-digit adjusted EBITDA growth for fiscal 2021.
Raised total savings gross target from Global Productivity Improvement Program from $100 million to $150 million.
Revenue by Segment
Forward Guidance
Spectrum Brands expects three to five percent reported net sales growth and adjusted EBITDA is expected to increase mid single-digits for fiscal year 2021.
Positive Outlook
- Expects three to five percent reported net sales growth.
- Adjusted EBITDA is expected to increase mid single-digits.
- Adjusted free cash flow is expected to be between $250 million and $270 million.
- Strategic investments in inventory levels and other working capital needs for the upcoming year.
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
Loading earnings performance data...
Loading earnings reaction data...