For the quarter ended December 2024, Spectrum Brands (SPB) reported revenue of $700.2 million, up 1.2% over the same period last year. EPS came in at $1.02, compared to $0.78 in the year-ago quarter.The reported revenue represents a surprise of -0.19% over the Zacks Consensus Estimate of $701.54 million. With the consensus EPS estimate being $0.91, the EPS surprise was +12.09%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Financial Performance - Net sales for the three-month period ended December 29, 2024, increased to $700.2 million, up from $692.2 million in the same period last year, representing a growth of 1.5%[15] - Gross profit rose to $257.8 million, compared to $244.9 million in the prior year, reflecting an increase of 5.5%[15] - Operating income significantly improved to $44.7 million, up from $25.0 million, marking an increase of 78.8%[15] - Net income from continuing operations was $24.6 million, compared to $17.5 million, which is a year-over-year increase of 40.0%[15] - Basic earnings per share from continuing operations increased to $0.87, up from $0.51, representing a growth of 70.6%[15] - Net income for the three-month period ended December 29, 2024, was $23.8 million, a decrease of 18.5% compared to $29.2 million for the same period in 2023[18] - Comprehensive loss for the three-month period ended December 29, 2024, was $(25.6) million, a significant decline from a comprehensive income of $45.5 million in the same period of 2023[18] - Total segment adjusted EBITDA increased to $87.5 million for the three months ended December 29, 2024, compared to $78.7 million for the same period in 2023, representing an increase of 10.9%[81] - Net income from continuing operations attributable to controlling interest was $24.3 million for the three months ended December 29, 2024, up from $17.4 million in the prior year, reflecting a growth of 39.7%[84] Assets and Liabilities - Total assets decreased to $3,614.6 million as of December 29, 2024, down from $3,842.3 million at the end of the previous quarter[13] - Total liabilities decreased to $1,586.0 million from $1,700.6 million, indicating a reduction of 6.7%[13] - The company’s total shareholders' equity as of December 29, 2024, was $2,028.5 million, a decrease from $2,300.8 million as of December 31, 2023[20] - Total debt as of December 29, 2024, is $575.1 million, a decrease from $577.7 million on September 30, 2024[44] Cash Flow - Cash flows from operating activities from continuing operations showed a net cash used of $(71.9) million for the three-month period ended December 29, 2024, compared to a net cash provided of $18.1 million in the same period of 2023[24] - Total cash, cash equivalents, and restricted cash at the end of the period was $182.0 million, down from $445.4 million at the end of the same period in 2023[24] - The company reported a net cash used by financing activities of $(97.3) million for the three-month period ended December 29, 2024, compared to $(439.8) million in the same period of 2023[24] - Cash flows from operating activities decreased by $90.0 million to $(71.9) million, primarily due to increased working capital needs[116] - Cash flows from investing activities dropped by $139.5 million, attributed to reduced short-term investment activity[117] - Cash flows from financing activities increased by $342.5 million, mainly due to lower debt repayment and share repurchase activity[118] Inventory and Expenses - Inventories increased to $507.4 million from $462.1 million, reflecting a rise of 9.8%[13] - Selling, general & administrative expenses decreased to $213.1 million, representing 30.4% of net sales, down from 31.8% in the prior year[105] - The company reported depreciation expenses of $14.0 million for the three-month period ended December 29, 2024, slightly down from $14.4 million in the same period of 2023[24] - The Company incurred total costs of $4.8 million related to strategic transactions and restructuring initiatives for both December 29, 2024, and December 31, 2023[95] - Exit and disposal costs for the three months ended December 29, 2024, were $0.5 million, primarily related to severance and contract termination[96] Segment Performance - The GPC segment reported net sales of $260.0 million, down from $276.9 million, indicating a decline of about 6.3% year-over-year[76] - The H&G segment experienced a significant increase in net sales, rising to $92.1 million from $72.0 million, reflecting a growth of approximately 27.9%[76] - The HPC segment's net sales remained relatively stable, increasing slightly to $348.1 million from $343.3 million, a growth of about 1.4%[76] - The GPC segment reported adjusted EBITDA of $51.5 million for the three months ended December 29, 2024, slightly down from $52.7 million in the prior year[81] - The H&G segment showed a significant improvement with adjusted EBITDA of $9.3 million for the three months ended December 29, 2024, compared to a loss of $0.7 million in the same period of 2023[81] - The HPC segment maintained adjusted EBITDA at $26.7 million for both periods, indicating stable performance[81] Shareholder Returns - The company declared a dividend of $0.47 per share, an increase from $0.42 per share in the previous year[15] - The company made cash dividend payments of $13.2 million, or $0.47 per share, down from $14.1 million, or $0.42 per share, in the prior year[118] Other Financial Metrics - The effective tax rate for the three-month period ended December 29, 2024, was 32.5%, a decrease from 41.6% for the same period in 2023[67] - Interest expense significantly decreased by 67.7% to $6.2 million from $19.2 million due to reduced debt borrowings[100] - Adjusted EBITDA decreased to $77.8 million for the three months ended December 29, 2024, from $84.3 million in the same period of 2023, a decline of 7.7%[92] - Adjusted EBITDA margin was 11.1% for the three months ended December 29, 2024, down from 12.2% in the prior year[92] Legal and Regulatory Matters - The company is currently evaluating the impact of recently issued accounting standards on its consolidated financial statements, including ASU 2023-07 and ASU 2023-09, which will be effective for fiscal years beginning after December 15, 2023, and December 15, 2024, respectively[29][31] - The company continues to assess the impact of the OECD's Pillar Two framework, which introduces a global minimum corporate income tax of 15%[68] - The company is actively engaged in litigation related to the Tristar Business acquisition, which has resulted in significant operational challenges and increased costs[72]

Spectrum Brands (SPB) Q1 2025 Earnings Call February 06, 2025 09:00 AM ET Company Participants Joanne Chomiak - Director of Investor RelationsDavid Maura - Executive Chairman & CEOJeremy Smeltser - Executive VP & CFOIan Zaffino - Managing DirectorOlivia Tong - Managing DirectorPeter Lukas - Director Conference Call Participants Brian McNamara - MD - Senior Analyst ConsumerPeter Grom - Equity Research Analyst Operator Good day and thank you for standing by. Welcome to the First Quarter twenty twenty five Spe ...

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 ...

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 ...

Spectrum Brands Holdings, Inc. (SPB) announced an increase in its quarterly dividend, raising it to 47 cents per share from the previous 42 cents. This 12% hike underscores Spectrum Brands' commitment to delivering consistent value to its shareholders through dividend increases.Scheduled to be paid on Dec. 17, 2024, to its shareholders of record as of Nov. 26, 2024, this is a milestone in Spectrum Brands' tradition of rewarding its investors with dependable dividends. With this adjustment, the company's ann ...