Core Viewpoint - Spectrum Brands Holdings, Inc. (SPB) is anticipated to show significant bottom-line growth in its upcoming third-quarter fiscal 2024 results, with earnings per share expected to reach $1.35, reflecting an 80% increase year-over-year, despite a projected revenue decline of 2.4% to $753.2 million [1]. Group 1: Earnings Performance - In the last reported quarter, Spectrum Brands achieved an earnings surprise of 230.6%, with an average earnings surprise of 108.3% over the past four quarters [2]. - The Zacks Consensus Estimate for the upcoming quarter indicates a bottom-line growth, with earnings per share expected to be $1.35, up 80% from the previous year [1]. Group 2: Factors Influencing Results - The company's quarterly results are expected to benefit from the Global Productivity Improvement Plan, which focuses on enhancing operational efficiency and effectiveness through consumer insights and growth-enabling functions such as technology and marketing [3]. - Increased pricing, cost improvements, effective promotional activities, and a favorable product mix are likely to have positively impacted margins [4]. Group 3: Challenges and Market Conditions - Despite the anticipated growth, Spectrum Brands has been facing soft consumer demand, particularly in the small kitchen appliance category and North American aquatics, which may negatively affect top-line performance [5]. - The Home & Personal Care segment's sales are projected to decline by 1.8% year-over-year, indicating ongoing challenges in the market [5]. Group 4: Earnings Prediction Model - The Zacks model does not predict a definitive earnings beat for Spectrum Brands this time, as the company has an Earnings ESP of 0.00% and a Zacks Rank of 3 [6].

Spectrum Brands Holdings Inc. (SPB) seems well-poised for growth, thanks to its robust strategic efforts. The company is benefiting from increased pricing, cost improvements and a favorable mix. Its Global Productivity Improvement Plan ("GPIP"), which aims at improving operating efficiency and effectiveness, appears encouraging too. Image Source: Zacks Investment Research However, Spectrum Brands has been witnessing soft demand in the small kitchen appliances category, volume declines in certain pet channel ...

(Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Deal Overview On July 2, 2024, Spectrum Brands Holdings Inc. (NYSE: SPB, $85.00; Market Capitalization: $2.5 billion) announced a plan to spin-off its Home & Personal care ("HPC") business. After separation, Spectrum (Stub Co.) will continue focusing on its pure-play Pet, and Home & Garden businesses, which include renowned brands such as Tetra, FURminator, DreamBone, Garden Safe, EcoLogic ...

Recent developments Priority ldertifiers Notes Amount Security Treasury Yield In most cases when this kind of thing occurs, it is done with new debt that is issued. That would be a problem in this environment because of how high interest rates currently are. However, as of the end of the second quarter of this year, the company had cash and cash equivalents on its books of nearly $1.25 billion. I think one could argue that investing this capital elsewhere may have generated stronger returns. But for better ...

Driven by such upsides, the stock has gained 20.4% in the past year, outperforming the industry's 0.3% growth. Analysts seem quite optimistic about this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for fiscal 2024 sales and earnings per share (EPS) is pegged at $2.92 billion and $4.68, respectively, indicating year-over-year growth of 0.1% and 205.9%. Delving Deeper Spectrum Brands' initiatives like pricing, cost improvements and a favorable mix have been driving margins for a while now. The c ...

Driven by improved pricing and cost improvements, the gross margin expanded 870 bps to 38.1% in secondquarter fiscal 2024, whereas gross profit improved 27.5% year over year. Adjusted EBITDA advanced 120.2% year over year to $112.3 million in the fiscal second quarter. The adjusted EBITDA margin expanded 860 bps year over year to 15.6%, driven by better gross margins and lower operating expenses. The Zacks Consensus Estimate for Lifetime Brands' current financial year's sales and earnings per share suggests ...

Spectrum Brands Holdings Inc. (SPB) is benefiting from increased pricing, cost improvements and a favorable mix. The company is progressing well with its Global Productivity Improvement Plan, which aims at improving operating efficiency and effectiveness. In the latest developments, the company unveiled that its fully-owned subsidiary, Spectrum Brands, Inc., offered $300 million in total principal amount of its 3.375% exchangeable senior notes due 2029 in a private placement to eligible purchasers under Rul ...

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 ...