Spectrum Brands (SPB) Misses Q4 EPS by 11c

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Go back to Spectrum Brands (SPB) Misses Q4 EPS by 11c

Spectrum Brands Holdings Reports Fiscal 2022 Fourth Quarter

November 18, 2022 6:30 AM EST

Net Sales Decreased 1.1% with Significant Unfavorable Foreign Currency Impact, Largely in Line with Company's Previous Expectations Fourth Quarter Net Loss from Continuing Operations was $24.8 Million with a Reduction in Adjusted EBITDA from Continuing Operations to $74.7 million The Company Expects to Deliver Low Single-Digit Net Sales Growth and Low Double-Digits Adjusted EBITDA Growth for Fiscal 2023 from Continuing Operations, with Adjusted EBITDA Growth in All Business Units Additional Pricing Actions Expected to Offset Projected Inflationary Increases and Unfavorable Currency Impact The Company Expects to Return to Free Cash Flow... More