Spectry 2 • CEO Overview – David Maura Chairman and Chief Executive Officer Forward-looking Statements Since these forward-looking statements are based upon our current expectations of future events and projections and are subject to a number of risks and uncertainties, many of which are beyond our control and some of which may change rapidly, actual results or outcomes may differ materially from those expressed or implied herein, and you should not place undue reliance on these statements. Important factor ...

Spectrum Brands Holdings, Inc. (NYSE:SPB) Q2 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Joanne Chomiak – Senior Vice President-Tax and Treasury David Maura – Chairman and Chief Executive Officer Jeremy Smeltser – Chief Financial Officer Conference Call Participants Peter Grom – UBS Bob Labick – CJS Securities Chris Carey – Wells Fargo Securities Steve Powers – Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the Spectrum Brands’ Second Quarter 2024 Ea ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to______ | Commission File No. | Name of Registrant, State of Incorporation, | IRS Employer Identification No. | | --- | --- | --- | | | Address ...

Exhibit 99.1 3001 Deming Way Middleton, WI 53562-1431 P.O. Box 620992 Middleton, WI 53562-0992 (608) 275-3340 For Immediate Release Investor/Media Contact: Joanne Chomiak 608-275-4458 Spectrum Brands Holdings Reports Fiscal 2024 Second Quarter Results Middleton, WI, May 9, 2024 - Spectrum Brands Holdings, Inc. (NYSE: SPB; "Spectrum Brands" or the "Company"), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today ...

Financial Performance - Net sales for Q1 2024 decreased by 3%, aligning with expectations due to challenging macroeconomic conditions and competitive retail environment [6][54] - Gross margins improved by 710 basis points to 35.4%, driven by lower cost inventory and productivity initiatives [7][25] - Adjusted EBITDA increased by 111.8% to $84.3 million, benefiting from improved gross margins and $23 million in investment income [19][26] - Operating income rose by $45.2 million to $25 million, primarily due to gross margin improvements and lower operating expenses [13] Business Unit Performance - Global Pet Care (GPC) reported a slight sales decline of 0.2%, with organic sales down 2%, impacted by SKU rationalization and lower demand in aquatics [58][66] - Home & Garden net sales increased by 0.8%, driven by growth in the Controls category, while the Cleaning category faced softness [33][65] - Home & Personal Care (HPC) saw a 5.8% decrease in reported net sales, with organic sales down 7.6%, primarily due to declines in small kitchen appliances [66][70] Market Performance - EMEA region sales increased due to growth in Companion Animal products, while North America experienced overall sales declines [30][37] - E-commerce sales grew by 28.3% year-over-year, indicating a strong performance in online channels [48] Company Strategy and Industry Competition - The company is focusing on operational efficiencies and investing in brand marketing and innovation to drive long-term growth [20][50] - Plans to separate the HPC segment through a sale, merger, or spin-off are underway, with expectations for a transaction announcement later this year [21][134] - The competitive landscape remains challenging, with expectations of continued pricing pressure and cautious inventory management among retailers [36][41] Management Commentary on Operating Environment and Future Outlook - Management expressed cautious optimism about the first quarter results but acknowledged ongoing geopolitical and macroeconomic headwinds [23][93] - The company aims to return to revenue growth and improve operational performance, with a focus on fewer, larger innovations [73][100] Other Important Information - The company returned over $825 million to shareholders through share repurchase programs, reducing the share count by 26% [10][27] - The balance sheet is strong, with a cash balance of $445 million and total debt reduced to approximately $1.4 billion [28][43] Q&A Session Summary Question: Can you discuss the constraints on cash deployment and share repurchases? - Management highlighted a strong balance sheet with no bank debt and emphasized the importance of returning capital to shareholders while focusing on growth [82][83] Question: What gives confidence in returning to growth in HPC? - Management noted that the industry is rationalizing, and as competitors exit the market, there is potential for improved demand patterns [95][96] Question: How is the company addressing innovation and topline growth? - The company is investing in new product development and marketing, with a focus on testing and learning from customer feedback [116][117]

Financial Performance - Net sales for the three-month period ended December 31, 2023, were $692.2 million, a decrease of 2.5% compared to $713.3 million for the same period in 2022[17]. - Gross profit increased to $244.9 million, representing a gross margin of approximately 35.4%, compared to $201.9 million in the prior year[17]. - Operating income for the quarter was $25.0 million, a significant improvement from an operating loss of $20.2 million in the same period last year[17]. - Net income attributable to controlling interest was $29.1 million, compared to a net loss of $20.9 million in the prior year[17]. - Basic earnings per share from continuing operations was $0.51, a recovery from a loss of $0.99 per share in the same quarter of the previous year[17]. - Comprehensive income for the period was $45.5 million, compared to a loss of $6.0 million in the prior year[20]. - Adjusted EBITDA for the total segments increased to $78.7 million for the three-month period ended December 31, 2023, compared to $48.0 million for the same period in 2022[111]. - Net income from continuing operations attributable to controlling interest was $17.4 million for the three-month period ended December 31, 2023, compared to a loss of $40.3 million in the prior year[114]. Assets and Liabilities - Total assets decreased to $4,846.3 million as of December 31, 2023, down from $5,258.4 million at the end of the previous quarter[16]. - Total liabilities were $2,544.6 million, a reduction from $2,740.1 million in the prior quarter[16]. - Total assets decreased to $4,936.6 million as of December 31, 2023, down from $5,347.3 million at the end of September 2023[29]. - Total liabilities decreased to $2,448.4 million, down from $2,657.6 million in the previous quarter[29]. - Current assets as of December 31, 2023, were reported at $2,382.0 million, down from $2,773.6 million as of September 30, 2023[177]. - Current liabilities decreased to $1,171.1 million as of December 31, 2023, from $1,398.6 million as of September 30, 2023[177]. Cash Flow and Dividends - Cash and cash equivalents decreased to $445.4 million from $753.9 million in the previous quarter[16]. - Cash flows from operating activities from continuing operations generated $18.1 million, a recovery from a cash outflow of $57.0 million in the previous year[27]. - The company reported a net cash used by operating activities of $4.3 million, a notable decrease from $64.2 million in the same period last year[27]. - The company paid $14.1 million in dividends to shareholders during the quarter[27]. - The company paid $246.1 million in cash dividends to the parent during the three-month period ended December 31, 2023, compared to $17.1 million in the same period last year[41]. Debt and Financing - The company reported a gain from debt repurchase of $4.7 million during the quarter[17]. - The total debt of Spectrum Brands, Inc. as of December 31, 2023, was $1,414.5 million, a decrease from $1,573.9 million as of September 30, 2023[69]. - The company repurchased $179.0 million of outstanding Senior Notes during the same period, resulting in a gain of $4.7 million from the debt repurchase[75]. - The company entered into a new credit agreement extending maturity to October 19, 2028, and reduced the capacity of the Revolver Facility to $500.0 million[138]. Segment Performance - The HPC segment reported net sales of $343.3 million, down 7.6% from $364.4 million in the prior year[119]. - Net sales from Black & Decker product sales were $94.1 million, accounting for 13.6% of consolidated net sales for the three-month period ended December 31, 2023, compared to $86.7 million or 12.2% in the prior year[58]. - The Global Pet Care segment reported net sales of $276.9 million, a slight decrease of 0.2% from $277.5 million, with operating income increasing by 93.4% to $43.9 million[151]. - Home & Garden segment net sales increased by 0.8% to $72.0 million, with operating loss improving to $(5.5) million from $(7.2) million[153]. - Home and Personal Care segment net sales decreased by 5.8% to $343.3 million, but operating income improved to $16.5 million from a loss of $(4.3) million[155]. Operational Costs and Expenses - Operating expenses decreased to $219.9 million, down 1.0% from $222.1 million, attributed to improved cost management and reduced initiative spending[145]. - Interest expense significantly decreased by 42.5% to $19.2 million from $33.4 million, due to reduced debt borrowings[145]. - The company incurred $5.1 million in incremental costs related to strategic initiatives during the three-month period ended December 31, 2023, compared to $20.1 million in the same period last year[134]. Other Financial Metrics - The company recognized a $4.0 million impairment on intangible assets during the three-month period ended December 31, 2023, due to a change in brand strategy[65]. - The effective tax rate for SBH increased to 41.6% for the three months ended December 31, 2023, up from 23.3% in the prior year[98]. - The company recognized an environmental remediation liability of $5.3 million as of December 31, 2023, slightly down from $5.4 million as of September 30, 2023[102]. - The company has an estimated product liability of $2.8 million as of December 31, 2023, down from $3.0 million as of September 30, 2023[103].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the Fiscal Year Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File No. Name of Registrant, State of Incorporation, Address of Principal Offices, and Telephone No. IRS Employer Iden ...

Financial Data and Key Metrics Changes - Net sales decreased by 1.2%, with organic net sales declining by 2.7%, primarily due to lower consumer demand for kitchen appliances and the exit from non-strategic categories in the global pet care business [12][40] - Adjusted diluted EPS increased by 183%, driven by higher adjusted EBITDA, lower interest expense, and a reduced share count [13] - Adjusted EBITDA increased by 52%, attributed to gross profit improvements and interest income [13] Business Line Data and Key Metrics Changes - Global pet care business saw reported net sales increase by 1.6%, while organic net sales decreased by 0.7%, with higher sales in companion animal categories offset by portfolio rationalization and softness in aquatics [41] - Home & Garden reported net sales increased by 7.2%, driven by advertising investments and favorable weather conditions, with adjusted EBITDA increasing by 60% [19][21] - Home and personal care segment reported net sales decreased by 6.3%, with organic net sales down by 7.7%, primarily due to lower consumer demand in kitchen appliances [48] Market Data and Key Metrics Changes - North American sales grew in personal care and garment care categories, while kitchen appliance sales experienced double-digit declines [23] - EMEA region sales grew, driven by double-digit growth in dog and cat food, despite inflationary pressures [42] - The company expects continued suppressed demand in the home and personal care appliance segment, particularly in kitchen appliances, with a low-single-digit decline in top line expected [10][25] Company Strategy and Development Direction - The company is focusing on three key areas: investing in people to improve commercial capabilities, investing in brands and new product roadmaps, and enhancing operational efficiencies [8][36] - A strategic pivot is underway to shift from defensive measures to leveraging opportunities presented by a strong balance sheet and improving margins as the company enters fiscal '24 [6][34] - The company plans to significantly increase investments in advertising and marketing to support brand growth and innovation [9][54] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the future, acknowledging a challenging macroeconomic environment but highlighting a strong balance sheet and improved margin profile [5][34] - The company anticipates a tough first half of fiscal '24, with expectations of low single-digit net sales decline, primarily driven by the home and personal care segment [25][55] - Management is preparing for a potential weakening of consumer demand and is focused on regaining investor confidence through achievable financial goals [37][106] Other Important Information - The company ended the year with a net positive cash position of $1.9 billion and a total debt position of $1.6 billion, becoming a net debt-free company after the HHI sale [32][130] - Capital expenditures for the quarter were $14.7 million, down from $18.7 million the previous year [14] - The company is transitioning its Investor Relations responsibilities to a new Senior Vice President, indicating a shift in focus and strategy [73] Q&A Session Summary Question: What is the outlook for 2024? - Management indicated that while there are uncertainties, they expect a resilient consumer market and are preparing for potential challenges in the first half of 2024 [82][83] Question: How much was the investment in brands in fiscal '23? - Management stated that significant investments in marketing and e-commerce are planned for fiscal '24, with a focus on driving healthier business levels [90] Question: What are the capital allocation priorities this year? - The company is completing a $500 million share repurchase program and is focused on organic business investments while remaining open to potential acquisitions [115] Question: How does the company view the competitive landscape in the HPC space? - Management acknowledged that a large competitor is performing well, and they are focused on improving their own operations and capitalizing on their product strengths [114]

Sp Fiscal 2023 Fourth Quarter and Full Year Earnings Call November 17, 2023 Agenda • Introduction – Faisal Qadir VP, Strategic Finance & Enterprise Reporting • CEO Overview and Outlook – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Jeremy Smeltser Chief Financial Officer • Q&A – David Maura and Jeremy Smeltser 2 Forward-looking Statements 3 We have made or implied certain forward-looking statements in this document. All statements, other than statements of historical fact ...

Financial Data and Key Metrics Changes - Total sales decreased by 10.1%, while organic sales declined by 9.7% due to lower consumer demand and reduced customer replenishment orders [77][103] - The operating loss was $124.7 million, primarily driven by sales decline and impairment charges [78] - Adjusted EBITDA was $98.5 million, increasing despite the decrease in volume due to pricing and cost reduction efforts [109] Business Line Data and Key Metrics Changes - Global Pet Care reported a net sales decrease of 6.2%, with organic sales down 6.4%, largely due to softness in the aquatics marketplace [81] - Home & Garden net sales decreased by 6%, driven by cooler weather and lower sales from replenishment orders [86] - Home & Personal Care saw a reported net sales decrease of 16%, with organic sales down 14.7%, impacted by lower consumer demand and inventory reductions [89] Market Data and Key Metrics Changes - North American sales were adversely impacted by aggressive portfolio management, resulting in the exit of non-strategic categories [112] - The small kitchen appliance market in North America is down mid- to high single digits, with continued pressure expected [120] - Sales in EMEA increased due to growth in the companion animal category, offsetting declines in aquatics [82] Company Strategy and Development Direction - The company aims to enhance the value of its Home and Personal Care business while focusing on profitability and long-term growth [70][151] - Following the sale of HHI, the company is now net debt-free and plans to return capital to shareholders through share buybacks [62][69] - The company is committed to simplifying its business model and reducing costs to operate more efficiently [72] Management's Comments on Operating Environment and Future Outlook - Management acknowledges facing short-term headwinds, particularly in the Home and Garden business, but remains confident in long-term growth [102][151] - The company expects to be towards the lower end of its earnings framework for fiscal '23 due to additional revenue pressure [121] - Management is optimistic about the future and believes the company is well-positioned to return to earnings growth in fiscal '24 [123] Other Important Information - The company has reduced inventory levels by over $250 million since the end of fiscal '22 [105] - The exit from receivables factoring and early pay programs is expected to result in one-time operating cash usage of over $250 million in the current fiscal year [74] Q&A Session All Questions and Answers Question: Can you talk about a possible sale or divestiture of HPC? - The company plans to assess the earnings profile of its appliances business over the next couple of quarters before making any decisions [152] Question: How do you view the earnings power of the company moving forward? - Management believes that while the company is currently below its long-term earnings target, there is potential to close the gap in fiscal '24 through improved capital allocation and operational focus [159]