Workflow
Spectrum Brands(SPB)
icon
Search documents
Spectrum Brands(SPB) - 2021 Q3 - Quarterly Report
2021-08-06 20:06
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 July 4, 2021 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 Identi ...
Spectrum Brands(SPB) - 2021 Q3 - Earnings Call Transcript
2021-08-06 18:58
Spectrum Brands Holdings, Inc. (NYSE:SPB) Q3 2021 Earnings Conference Call August 6, 2021 9:00 AM ET Company Participants Kevin Kim - Divisional VP, IR David Maura - Executive Chairman & CEO Jeremy Smeltser - EVP & CFO Randal Lewis - EVP & COO Conference Call Participants Sunil Modi - RBC Capital Markets Peter Grom - UBS Robert Labick - CJS Securities Christopher Carey - Wells Fargo Securities Ian Zaffino - Oppenheimer Operator Good day, and thank you for standing by. Welcome to the Q3 2021 Spectrum Brands ...
Spectrum Brands(SPB) - 2021 Q3 - Earnings Call Presentation
2021-08-06 15:32
Spect Brands WE MAKE LIVING BETTER AT HOME™ Fiscal 2021 Third Quarter Earnings Call August 6, 2021 2 Agenda • Introduction Kevin Kim Divisional Vice President, Investor Relations • CEO Overview and Outlook David Maura Chairman and Chief Executive Officer • Financial Review Jeremy Smeltser Chief Financial Officer • Business Review Randy Lewis Chief Operating Officer • Q&A David Maura Jeremy Smeltser Randy Lewis 3 Forward-looking Statements This presentation contains, and certain oral and written statements m ...
Spectrum Brands(SPB) - 2021 Q2 - Quarterly Report
2021-05-07 20:13
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 April 4, 2021 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 Ident ...
Spectrum Brands(SPB) - 2021 Q2 - Earnings Call Transcript
2021-05-07 19:09
Spectrum Brands Holdings, Inc. (NYSE:SPB) Q2 2021 Earnings Conference Call May 7, 2021 9:00 AM ET Company Participants Kevin Kim - Divisional Vice President, Investor Relations David Maura - Chairman & Chief Executive Officer Jeremy Smeltser - Chief Financial Officer Randy Lewis - Chief Operating Officer Conference Call Participants Nik Modi - RBC Capital Markets Chris Carey - Wells Fargo Karru Martinson - Jefferies Faiza Alwy - Deutsche Bank Bob Labick - CJS Securities Ian Zaffino - Oppenheimer Carla Casel ...
Spectrum Brands(SPB) - 2021 Q2 - Earnings Call Presentation
2021-05-07 16:54
Fiscal 2021 Second Quarter Earnings Call May 7, 2021 2 Agenda • Introduction Kevin Kim Divisional Vice President, Investor Relations • CEO Overview and Outlook David Maura Chairman and Chief Executive Officer • Financial Review Jeremy Smeltser Chief Financial Officer • Business Review Randy Lewis Chief Operating Officer • Q&A David Maura Jeremy Smeltser Randy Lewis 3 Forward-looking Statements This presentation contains, and certain oral and written statements made by our representatives from time to time m ...
Spectrum Brands Holdings (SPB) Presents At UBS Global Consumer And Retail Virtual Conference 2021 - Slideshow
2021-03-10 20:02
U B S G l o b a l C o n s u m e r a n d R e t a i l V i r t u a l C o n f e r e n c e March 9, 2021 Kevin Kim, DVP Investor Relations 2 Forward-Looking Statements This presentation contains, and certain oral and written statements made by our representatives from time to time may contain, forward-looking statements, including, without limitation, statements or expectations regarding our Global Productivity Improvement Plan, our business strategy, future operations, financial condition, estimated revenues, p ...
Spectrum Brands (SPB) Presents At CAGNY 2021 Conference - Slideshow
2021-02-19 21:03
2021 CAGNY PRESENTATION February 18, 2021 David Maura, Chairman & Chief Executive Officer Randy Lewis, Chief Operating Officer Spectrum Brands WE MAKE LIVING BETTER AT HOME David Maura Chairman & Chief Executive Officer 1 2 3 4 5 6 7 8 9 v 0 品 BALDWIN 3 Forward-Looking Statements This presentation contains, and certain oral and written statements made by our representatives from time to time may contain, forward-looking statements, including, without limitation, statements or expectations regarding our Glob ...
Spectrum Brands(SPB) - 2021 Q1 - Quarterly Report
2021-02-05 21:38
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 January 3, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 ...
Spectrum Brands(SPB) - 2021 Q1 - Earnings Call Transcript
2021-02-05 20:17
Financial Data and Key Metrics Changes - Adjusted EBITDA doubled to $204 million, reflecting strong demand and operational excellence [11][67] - Net sales increased by 31.4%, with organic net sales growing by 27.8% [23][30] - Gross profit rose to $153.2 million, with a gross margin of 36.9%, an increase of 600 basis points [23] Business Line Data and Key Metrics Changes - Hardware and Home Improvement (HHI) reported net sales increased by 37.3%, with organic sales up 36.8% [40] - Home & Personal Care (HPC) saw organic net sales growth of 17.5% and adjusted EBITDA increased by 39.8% [46] - Global Pet Care achieved reported net sales growth of 33.9% and organic sales growth of 21.9% [50] - Home and Garden experienced a 79.3% increase in net sales, with adjusted EBITDA improving significantly from a loss in the prior year [54] Market Data and Key Metrics Changes - E-commerce sales grew over 54%, representing more than 16% of overall net sales [63] - The company noted strong POS (point of sale) performance across all business units, indicating robust demand [11][97] Company Strategy and Development Direction - The company aims to focus on internal capital allocation to high-return opportunities, including brand strengthening and new product launches [18] - Plans to return cash to shareholders through dividends and share repurchases while remaining disciplined on M&A [19] - The company is committed to leveraging consumer insights and innovation to drive growth [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged inflationary pressures from transportation and commodity costs, estimating an impact of $70 million to $80 million for the year [15][30] - Despite these challenges, management raised the earnings framework to reflect high single-digit net sales and adjusted EBIT growth [16][30] - The company remains confident in its ability to grow, driven by strong consumer demand and operational improvements [68][126] Other Important Information - The company repurchased $42.3 million worth of shares during the quarter [12] - Total debt outstanding was approximately $2.5 billion, with a net leverage of about 3.4 times [28][29] Q&A Session Summary Question: Key drivers of the sales beat - Management attributed the sales beat to a culmination of hard work over the past few years, repositioning the operating model to be consumer insight-driven, and gaining market share [75][76] Question: Current portfolio and potential acquisitions - Management expressed confidence in the current portfolio, highlighting strong performance across various segments and openness to strategic tuck-in acquisitions [90][94] Question: M&A market perspective - Management noted that while public company multiples remain attractive, they are open to strategic acquisitions that create value for stakeholders [102][104] Question: Inflationary headwinds and mitigation - Management clarified that the $70 million to $80 million inflation estimate reflects gross inflation, with some mitigation efforts already factored into the guidance [108] Question: Long-term growth characteristics by segments - Management indicated that growth rates will vary by business unit, with expectations for continued strength in hardware and home improvement due to ongoing consumer investment in homes [114][116]