Spectrum Brands (SPB) Tops Q3 EPS by 2c; Reaffirms
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Spectrum Brands Holdings Reports Record Fiscal 2016 Third Quarter Results
July 28, 2016 6:30 AM EDT9.1% reported sales growth, 126.9% net income increase and reported diluted earnings per share (EPS) of $1.71 3.7% organic net sales growth, 18.2% adjusted EBITDA increase and strong margin expansion Term debt reduced by $250 million in June as part of the Companys intention to significantly delever and end fiscal 2016 on September 30 below 4 times total leverage Fiscal 2016 net cash provided from operating activities expected to be $605-$625 million after expected purchases of property, plant and equipment of $100-$110 million, resulting in approximately $505-$515 million of free cash flow versus $454... More
