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 December 31, 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 I ...

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]

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 2, 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 Identi ...

Spectrum Brands Holdings, Inc. (NYSE:SPB) Q2 2023 Earnings Conference Call May 12, 2023 9:00 AM ET Company Participants David Maura - CEO Jeremy Smeltser - CFO Faisal Qadir - VP of Strategic Finance & Enterprise Reporting Conference Call Participants Peter Grom - UBS Bob Labick - CJS Securities Olivia Tong - Raymond James Chris Carey - Wells Fargo Securities Ian Zaffino - Oppenheimer & Co. Brian McNamara - Canaccord Genuity Steve Powers - Deutsche Bank Michael O'Brien - Wolfe Research Operator Good day, and ...

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 2, 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 Ident ...

Spectrum Brands Fiscal 2023 Second Quarter Earnings Call 2 Agenda • CEO Overview and Outlook – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Jeremy Smeltser Chief Financial Officer Forward-looking Statements 3 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 outcom ...

Financial Data and Key Metrics Changes - The company reported a total sales decline of 5.8%, with organic sales decreasing by 9.5% excluding foreign exchange and acquisitions [74][82] - Adjusted EBITDA decreased to $39.8 million, driven by lower volume and unfavorable foreign exchange impacts, offset by favorable pricing and fixed cost reductions [142] - The gross margin was reported at 28.3%, a decline of 70 basis points from the previous year due to reduced sales and the sale of higher-cost inventory [83] Business Line Data and Key Metrics Changes - The Home & Garden segment saw net sales decrease by 5.2%, primarily due to lower early inventory investments from retailers [109] - The Global Pet Care segment reported a net sales decrease of 8.2%, with organic sales down 3.6% driven by customer inventory management [92] - The Home & Personal Care segment experienced a decline in sales, particularly in kitchen appliances, due to aggressive competitor pricing and retailer inventory reductions [88] Market Data and Key Metrics Changes - Retail partners are focused on inventory reductions, leading to lower replenishment orders and impacting sales across various categories [72][91] - The EMEA region sales declined, primarily due to unfavorable foreign exchange and the impact of the Russia-Ukraine war on consumer spending [90] - The U.S. market faced challenges with disappointing holiday performance in both Personal Care and Kitchen Appliance categories [89] Company Strategy and Development Direction - The company aims to transform into a pure play Global Pet Care and Home & Garden business, focusing on higher growth and margins [71][97] - There is a commitment to closing the HHI sale, which is expected to provide $4.3 billion in cash, allowing for significant debt reduction [79][140] - The company is prioritizing cash generation and inventory reduction to strengthen its balance sheet amid a challenging macroeconomic environment [70][78] Management's Comments on Operating Environment and Future Outlook - Management expects continued challenges in consumer demand and inventory actions from customers, with a focus on cost reductions and price increases to offset pressures [69][70] - The company anticipates a profitability inflection point starting in March, with expectations for improved margins in the third fiscal quarter [68][71] - There is cautious optimism regarding the second half of the fiscal year, with expectations for flat net sales and low double-digit EBITDA growth [95][141] Other Important Information - The company has reduced its inventory by $170 million over the past six months, reflecting a shift in operational priorities towards maximizing cash [70][120] - Freight costs have increased by $80 million compared to pre-pandemic levels, but there is hope for relief as new inventory with lower freight costs begins to flow through [117] - The company is committed to maintaining a leaner organizational structure and has executed further fixed cost reductions [141][122] Q&A Session Summary Question: Clarification on EBITDA phasing and expectations for Q2 - Management acknowledged that Q2 is expected to be challenging year-over-year, with a decline anticipated in HPC and Home & Garden segments [5][6] Question: Impact of macroeconomic conditions on capital allocation - Management emphasized the priority of debt reduction and the potential for share buybacks over M&A in the current volatile environment [14][16] Question: Categories with heavy retail inventory and destocking - Management identified durable goods, particularly kitchen appliances and certain pet products, as having high inventory levels that may take longer to work through [29][30] Question: Expectations for freight costs and their impact on P&L - Management indicated that while freight costs have decreased, they remain higher than pre-pandemic levels, impacting EBITDA [24][117] Question: Company-specific variables to grow revenue and margin - Management highlighted inventory reduction and cost structure optimization as key levers for improving revenue and margins [120][121]