Spectrum Brands Holdings Reports Fiscal 2019 Second Quarter Results from Continuing Operations and Reiterates Full-Year Guidance

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Go back to Spectrum Brands Holdings Reports Fiscal 2019 Second Quarter Results from Continuing Operations and Reiterates Full-Year Guidance

Spectrum Brands (SPB) Misses Q2 EPS by 10c, Revenues Beat; Offers FY19 Adj. EBITDA Outlook

May 8, 2019 6:32 AM EDT

Spectrum Brands (NYSE: SPB) reported Q2 EPS of $0.26, $0.10 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $906.7 million versus the consensus estimate of $873.51 million.

Reported and Organic Sales Growth of 3% and 5%Repurchased 8.6% of Common Shares OutstandingSignificant Deleveraging from Debt Reduction Totaling $2.4 Billion

Our Q2 results, highlighted by strong and broad-based top-line growth, met our expectations, and we remain on track to deliver full-year adjusted EBITDA within our guidance range of $560-$580 million, said David Maura, Chairman and Chief Executive Officer of Spectrum... More