Spectrum Brands (SPB) Will Reaffirm Fiscal 2019 Guidance at Raymond James Institutional Investors Conference
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Spectrum Brands Holdings, Inc. (NYSE: SPB) announced it will reaffirm fiscal 2019 guidance during its presentation today at 1:40 p.m. Eastern Time at the Raymond James 40th Annual Institutional Investors Conference.
Spectrum Brands continues to expect fiscal 2019 adjusted EBITDA from continuing operations to be between $560-$580 million.
| SPECTRUM BRANDS HOLDINGS, INC. | |||
| RECONCILIATION OF FORECASTED NET INCOME TO ADJUSTED EBITDA | |||
| (in millions) | F2019 | ||
| Net income | $ | 40 - 72 | |
| Income tax expense | 40 - 51 | ||
| Interest expense | 180 - 190 | ||
| Depreciation and amortization | 175 - 185 | ||
| EBITDA | 455 - 478 | ||
| Share based compensation | 55 | ||
| Acquisition and integration related charges | 3 - 5 | ||
| Restructuring and related charges | 34 - 36 | ||
| HPC divestiture costs | 5 | ||
| Pet safety recall | 1 | ||
| Other | 3- 4 | ||
| Adjusted EBITDA | $ | 560 - 580 | |
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