Spectrum Brands Holdings Reports Fiscal 2020 Fourth Quarter and Full Year Results
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Spectrum Brands (SPB) Tops Q4 EPS by 48c, Revenues Beat
November 13, 2020 6:32 AM ESTSpectrum Brands (NYSE: SPB) reported Q4 EPS of $1.72, $0.48 better than the analyst estimate of $1.24. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.02 billion.
Fourth Quarter Net Sales Increased 17.9% and Organic Net Sales Increased 17.1% Reflecting Strong Growth Across All Business UnitsFourth Quarter Operating Income and Adjusted EBITDA Increased, Driven by Strong Volumes and Gross Margins Improvement of 240 Basis PointsFull Year Cash Flow From Operations of $290 Million; Adjusted Free Cash Flow of $254 MillionRaising Total Savings Gross Target from Global Productivity Improvement Program from $100 Million to $150... More