Spectrum Brands Holdings Reports Fiscal 2019 Third Quarter Results from Continuing Operations

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Go back to   Spectrum Brands Holdings Reports Fiscal 2019 Third Quarter Results from Continuing Operations

Spectrum Brands (SPB) Tops Q3 EPS by 11c; Affirms FY19 Adj. EBITDA Outlook

August 7, 2019 6:37 AM EDT

Spectrum Brands (NYSE: SPB) reported Q3 EPS of $1.35, $0.11 better than the analyst estimate of $1.24. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $1 billion.

Reported Sales Decline of 0.7% Including Negative Fx of 1.5%; Organic Sales Growth of 0.8%Launched Global Productivity Improvement Plan Expected to Support Strategic Growth Investing; Phase I Captured Approximately $35 Million of Annualized BenefitsAffirms Full-Year Adjusted EBITDA Guidance of $560-$580 Million

Net sales and adjusted EBITDA... More