Spectrum Brands(US:SPB)2025-08-07 13:00Financial Performance - Q3 2025 - Net sales decreased by 10.2% from $779 million in Q3 2024 to $700 million in Q3 2025[25, 38] - Organic sales decreased by 11.1%[25, 38] - Adjusted EBITDA decreased by 27.9% from $106 million in Q3 2024 to $77 million in Q3 2025[25, 38] - GAAP Net Income increased by $1.4 million[25, 38] Segment Performance - Q3 2025 - Global Pet Care net sales decreased by 9.6% and adjusted EBITDA decreased by 22.4%[49] - Home & Garden net sales decreased by 10.3% and adjusted EBITDA decreased by 10.9%[53] - Home & Personal Care net sales decreased by 10.8% and adjusted EBITDA decreased by 40.7%[57] Financial Position - Debt outstanding is $0.7 billion[44] - Cash and cash equivalents are $0.1 billion[44] - Revolver usage is $112 million, with $388 million available[44] Share Repurchases - The company repurchased 17.1 million shares[31] - Total shares outstanding after repurchases are approximately 41.0 million[31] - Approximately 42% reduction in total shares outstanding[31] - $1.3 billion spent on share repurchases[31] - In June FY25, the company entered into a $50 million 10b5-1 share repurchase plan[32] Outlook - Reaffirming FY25 Free Cash Flow expectation of approximately $160 million[33, 61] - The company suspended the FY25 earnings framework due to a volatile trade environment and cautious consumers[70, 71]