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Sep 30, 2021
Spectrum Brands Q4 2021 Earnings Report
Reported fourth quarter and full year results for fiscal year 2021.
Key Takeaways
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.
Fourth Quarter Net Sales from Continuing Operations were $757.8 Million.
Fourth Quarter Net Income from Continuing Operations was $6.1 Million.
Fourth Quarter Diluted Earnings Per Share from Continuing Operations were $0.14.
Fourth Quarter Adjusted Earnings Per Share from Continuing Operations was $0.38.
Spectrum Brands
Spectrum Brands
Forward Guidance
Spectrum Brands expects mid to high single-digit reported net sales growth in Fiscal 2022, with foreign exchange expected to have a slightly positive impact based upon current rates. Fiscal 2022 adjusted EBITDA is expected to increase low-single digits.
Challenges Ahead
- Spectrum Brands expects $230-$250 million of additional inflation during Fiscal 2022.