Group 1: Earnings Performance - Spectrum Brands reported quarterly earnings of $1.02 per share, exceeding the Zacks Consensus Estimate of $0.91 per share, and up from $0.78 per share a year ago, representing an earnings surprise of 12.09% [1] - The company posted revenues of $700.2 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.19%, but up from $692.2 million year-over-year [2] - Over the last four quarters, Spectrum has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Spectrum shares have declined approximately 1.9% since the beginning of the year, while the S&P 500 has gained 3.1% [3] - The current consensus EPS estimate for the upcoming quarter is $1.52 on revenues of $724.64 million, and for the current fiscal year, it is $5.17 on revenues of $2.98 billion [7] - The estimate revisions trend for Spectrum is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Group 3: Industry Context - The Consumer Products - Discretionary industry, to which Spectrum belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5]

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 2025 First Quarter Results Middleton, WI, February 6, 2025 - 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, to ...

Spectrum Brands Holdings, Inc. (SPB) is expected to register top and bottom-line growth when it reports first-quarter fiscal 2025 results on Feb. 6, 2025, before the opening bell. The Zacks Consensus Estimate for SPB’s revenues is pegged at $701.5 million, indicating a rise of 1.4% from the year-ago quarter's actual.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for Spectrum Brands’ earnings per share (EPS) is pegged at 91 cents, indicating an increase ...

Spectrum Brands Holdings Inc. (SPB) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 15.78X, higher than the industry average of 12.48X. This premium valuation raises concerns about whether SPB can meet investor expectations, especially considering its low Value Score of D, which suggests that it may not be a strong value proposition at current levels.SPB Stock's P/E Performance Image Source: Zacks Investment Research Spectrum Brands shares have declined 2.4% over the past three m ...

Spectrum Brands Holdings Inc. (SPB) reported fourth-quarter fiscal 2024 results, wherein the top line surpassed the Zacks Consensus Estimate but the bottom line missed. While sales increased year over year, earnings dipped.SPB’s shares fell more than 8% in trading hours today on soft earnings results in the reported quarter. Shares of this Zacks Rank #4 (Sell) company have lost 2.9% in the past three months against the industry's 1.3% rise.The company’s businesses reverted to growth in the second half of th ...

KEY TAKEAWAYSSpectrum Brands shares fell Friday, after the maker of George Foreman Grills and parent of Remington posted adjusted earnings and an outlook that missed analysts’ estimates.The company said it is projecting “low single-digit” growth in its net sales for its fiscal 2025 year.Its fiscal fourth-quarter net income and sales beat estimates, however. Spectrum Brands (SPB) shares fell Friday after the parent company of Remington and George Foreman brands posted lower-than-estimated earnings per share ...

Spectrum Brands Holdings, Inc. (NYSE:SPB) Q4 2024 Earnings Conference Call November 15, 2024 9:00 AM ET Company Participants Joanne Chomiak - Senior Vice President & Treasury David Maura - Chairman & Chief Executive Officer Jeremy Smeltser - Chief Financial Officer Conference Call Participants Peter Grom - UBS Bob Labick - CJS Securities Chris Carey - Wells Fargo Securities Operator Good day, and thank you for standing by. Welcome to Quarter Four 2024 Spectrum Brands Holdings, Inc. Earnings Conference Call. ...

Business Strategy and Operations - The company plans to separate its Home and Personal Care (HPC) business into an independent publicly traded company, which may not be completed on the currently contemplated timeline or achieve intended benefits[8]. - The company has incurred significant costs related to recent strategic initiatives, including acquisitions and divestitures, which may not yield anticipated benefits[8]. - The Company operates in three segments: Global Pet Care, Home and Garden, and Home and Personal Care, with a focus on product innovation and performance enhancements[12]. - The company plans to continue focusing on new product development and performance enhancements to offer enhanced value to consumers[25]. Market and Economic Risks - Economic uncertainties, including the impact of the Russia-Ukraine war and the Israel-Hamas war, may negatively impact demand and disrupt supply chains[8]. - The company faces significant risks related to reliance on third-party partners and suppliers, which could adversely affect business operations[8]. - The company is dependent on a few suppliers for certain products, making it vulnerable to supply disruptions[8]. - The Company faces significant international business risks, including exchange rate fluctuations and compliance with foreign laws, which could impact financial performance[9]. - The company is exposed to market risks from changes in interest rates, foreign currency exchange rates, tariffs, and commodity prices[156]. Sales and Revenue Distribution - The Company reported that approximately 33.8% of segment sales for the fiscal year ended September 30, 2024, were attributable to major retailers, including Walmart and Amazon[16]. - For the fiscal year ended September 30, 2024, the sales distribution by quarter was as follows: Q1 - 24%, Q2 - 25%, Q3 - 25%, Q4 - 26%[17]. - The Home and Garden segment generated approximately 61.8% of its segment sales from major retailers such as Lowe's, Home Depot, and Walmart for the year ended September 30, 2024[19]. - The sales distribution for the Home and Garden segment by quarter was: Q1 - 12%, Q2 - 28%, Q3 - 37%, Q4 - 23% for the fiscal year ended September 30, 2024[20]. - Approximately 41.5% of segment sales for the year ended September 30, 2024, were attributed to major retailers Walmart and Amazon, each exceeding 10% of segment sales[23]. - Sales by quarter as a percentage of annual net sales for the year ended September 30, 2024, were 28% in Q1, 22% in Q2, 23% in Q3, and 27% in Q4[25]. Financial Performance and Risks - The company may not fully utilize its U.S. tax attributes, impacting financial performance[8]. - Increased focus on sustainability issues may adversely affect the company's reputation and financial condition[8]. - The company has substantial indebtedness that may limit financial flexibility and increase risks associated with future financing activities[9]. - The company is subject to various litigation risks, including product liability claims, which could adversely affect financial condition and results of operations[9]. - The market price of the Company's common stock is expected to be highly volatile, influenced by factors beyond the Company's control[9]. Research and Development - The Company’s research and development strategy emphasizes new product development and enhancements to existing products to provide greater consumer value[17][20]. - The company’s research and development strategy emphasizes innovative product introductions and improved functionality[25]. Internal Controls and ERP Implementation - The company's management concluded that its internal control over financial reporting was effective as of September 30, 2024, ensuring reliability in financial reporting according to U.S. GAAP[159]. - The company is in the process of implementing a new global enterprise resource planning (ERP) system, with pilot deployment initiated in Q4 of fiscal year 2023[159]. - The ERP implementation will replace existing operating and financial systems and will be rolled out over the next several years, starting with operations in Canada and Noblesville, Indiana[159]. - KPMG LLP audited the company's internal control over financial reporting as of September 30, 2024, confirming its effectiveness[159]. - The company emphasizes maintaining effective internal controls throughout the development and deployment of the ERP system[159]. - There have been no significant changes in the company's internal control over financial reporting during the fiscal fourth quarter that materially affected its effectiveness[159].

Spectrum Brands (SPB) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.16%. A quarter ago, it was expected that this holding company would post earnings of $1.35 per share when it actually produced earnings of $1.10, delivering a surprise of -18.52%.Over the last four quarters, the ...

Qn | --- | --- | --- | --- | --- | |---------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | Fiscal 2024 Fourth Quarter and Full Year Earnings Call | | | | | 2 Agenda • Introduction – Joanne Chomiak Senior Vice President, Tax and Treasury • CEO Overview – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Jeremy Smeltser Chief Financial Officer • Q&A – David Maura and Jeremy Smeltser Forward-looking Stateme ...