Spectrum Brands (SPB) Misses Q4 EPS by 19c

Spectrum Brands (NYSE: SPB) reported Q4 EPS of $0.38, $0.19 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $757.8 billion, versus $736.9 billion reported last year.

Fiscal 2022 Earnings Framework:

Spectrum Brands expects mid to high single-digit reported net sales growth in Fiscal 2022, with foreign exchange expected to have a slightly positive impact based upon current rates.

Fiscal 2022 adjusted EBITDA is expected to increase low-single digits. Spectrum Brands expects $230-$250 million of additional inflation during Fiscal 2022.

From a capital structure perspective, the Company is targeting a long-term net leverage ratio of 2.0 - 2.5 times after full deployment of HHI proceeds.

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

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