Spectrum Brands Holdings Reports Fiscal 2020 Third Quarter Results

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Go back to Spectrum Brands Holdings Reports Fiscal 2020 Third Quarter Results

Spectrum Brands (SPB) Tops Q3 EPS by 43c, Revenues Beat

July 31, 2020 6:32 AM EDT

Spectrum Brands (NYSE: SPB) reported Q3 EPS of $1.36, $0.43 better than the analyst estimate of $0.93. Revenue for the quarter came in at $984.3 million versus the consensus estimate of $946.13 million.

Delivers Strong Third Quarter Results in Light of COVID-19 Challenges Thanks to Team Resiliency, Strong Culture and Operational ExcellenceNet Sales Decreased 3.7% and Organic Net Sales Decreased 2.9%GAAP Operating Income Increased 1.9%, Driven by Lower Restructuring CostsAdjusted EBITDA Decreased 4.9%, Driven by Temporary COVID-19 Related Supply Disruptions from Hardware & Home Improvement Despite Growth from All Other SegmentsMaintained Strong Financial Flexibility with Over $800... More