Spectrum Brands Holdings (SPB) Misses Q4 EPS by 33c

Spectrum Brands Holdings (NYSE: SPB) reported Q4 EPS of $0.10, $0.33 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $832.6 million versus the consensus estimate of $841.2 million.

Fiscal 2013 Outlook

Spectrum Brands expects fiscal 2013 net sales to increase at or above the rate of GDP, with adjusted EBITDA expected to grow at a higher percentage rate than net sales. The Company anticipates free cash flow of at least $200 million in fiscal 2013.

The Company remains on track to complete its acquisition of the Hardware & Home Improvement Group of Stanley Black & Decker by the end of 2012. Accordingly, Spectrum Brands expects to update its outlook when it reports fiscal 2013 first quarter results in early February 2013.

For earnings history and earnings-related data on Spectrum Brands Holdings (SPB) click here.

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