Spectrum Brands Holdings Inc. SPB
Net income turned negative Revenue accelerating ◦
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Business Model#
What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.
Spectrum Brands Holdings is a consumer products company that designs, manufactures, and markets branded products across three reportable segments: Global Pet Care (GPC), Home & Garden (H&G), and Home & Personal Care (HPC). GPC supplies pet food, treats, grooming products, and habitat accessories sold through pet specialty and mass retail channels; H&G offers pest control, lawn care, and garden products with concentrated seasonal demand; HPC produces personal care appliances and home improvement tools distributed through mass retail and e-commerce platforms across North America, EMEA, and other international markets. Revenue is generated through sales to large retail chains, club stores, e-commerce platforms, and specialty retailers. The company earns margin through brand pricing power, product mix management, and supply chain efficiency. A 2026 strategic investment by Oaktree Capital in the HPC segment is oriented toward a longer-term pure-play structure centered on the GPC and H&G businesses.
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Current Status#
Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.
Spectrum Brands reported Q3 2026 net sales of $753.3 million, a 7.7% increase year-over-year with organic growth of 6.6%, led by Home & Garden achieving a record-setting quarter with 19.0% net sales growth due to favorable weather and above-market performance. 29, 30 Adjusted EBITDA rose to $158.3 million, with all three segments delivering top-line and Adjusted EBITDA growth in the quarter. 29, 30 Oaktree Capital closed a $127.0 million strategic investment in the HPC business on May 11, 2026, acquiring a 24.9% equity stake. 29 The company updated its fiscal 2026 framework, raising its Adjusted EBITDA expectation to mid single-digit growth while maintaining net sales guidance at flat to low single digits. 30
Management commentary on the 2026-Q3 results (8-K-EX99.1, 2026-08-07):
„On the operational front, we recently achieved another meaningful milestone in our ERP transformation, completing our first SAP S/4 HANA deployment within the Home & Personal Care business, while also completing implementation across the remaining Global Pet Care and Home & Garden entities. We expect to complete the remaining implementation for HPC EMEA later this year, at which point Spectrum Brands will operate on one unified ERP platform across the entire company.“ – David Maura, Chairman and Chief Executive Officer 30
„We are pleased with our results this quarter, with all three businesses delivering top-line growth, highlighted by a record-setting quarter in our Home & Garden business. Across both Global Pet Care and Home & Garden, our categories benefited from solid underlying demand, and our key brands continued to outperform the market. In Home & Personal Care, while results remain impacted by soft consumer demand, we are seeing encouraging signs of stabilization in North America, and our key brands in Latin America continue to perform well. Our focus on profitability is reflected in our results, with each segment delivering Adjusted EBITDA growth. Importantly, the strength of our earnings performance was driven by operational execution and business fundamentals, independent of the benefit from IEEPA tariff refunds. These tariff refunds represent a recovery of prior losses which will allow us to invest back into our businesses for overall long term health. Given our strong year-to-date performance and continued operating momentum, we are updating our earnings framework and increasing our Adjusted EBITDA expectation, excluding the impact of tariff refunds, to mid single digit growth while maintaining our net sales expectation of flat to low single digit growth in fiscal 2026.“ – David Maura, Chairman and Chief Executive Officer 30
Revenue · 2026-Q3753$m+7.7 % vs. 2025-Q3
Net profit · 2026-Q3-27$m−234.7 % vs. 2025-Q3
EPS · 2026-Q3-1.16$−245.0 % vs. 2025-Q3
Revenue trend
Guidance
For FY2026, the company guides Revenue to Flat to Up Low Single Digits (confirmed); EBITDA (adjusted) to Up Mid Single Digits (raised); Adjusted Free Cash Flow to Approximately 50% of Adjusted EBITDA (confirmed). 30.
ProfitabilityAdjusted EBITDA increased 106.7% to $158.3 million at a 21.0% margin – 1,010 basis points above the prior-year quarter – benefiting from $60.6 million in IEEPA tariff refunds and operational improvements; adjusted EPS was $2.79. 29, 30 GAAP operating income was $15.9 million and net income was -$26.8 million (-$1.16 diluted EPS), driven by a $104.0 million non-cash impairment charge on HPC indefinite-lived intangible assets triggered by the valuation change associated with the HPC strategic investment. 29 Free cash flow for the quarter was $73.5 million, derived from operating cash flow of $83.3 million less capital expenditures of $9.8 million.
LeverageNet debt at quarter end was $356.9 million against a cash balance of $258.9 million, with net debt leverage at 1.02x Adjusted EBITDA. 30 Nine-month operating cash flow increased $128.1 million to $161.2 million, driven by higher sales, improved profitability, and better working capital management. 29
Management viewThe company updated its fiscal 2026 framework, raising its Adjusted EBITDA expectation to mid single-digit growth while maintaining net sales guidance at flat to low single digits. 30 The HPC strategic investment is structured to advance a pure-play consumer products company centered on the GPC and H&G segments, with HPC operating as a separately capitalized entity. 30
ChangeThe HPC segment posted a nine-month net sales decline of 3.7% with an organic decline of 7.4%, reflecting consumer softness and retail inventory normalization in North America and EMEA. 29 Nine-month gross profit margin expanded 380 basis points to 41.2%, driven by positive pricing and cost improvements. 29 The company terminated or reduced business activities in Russia and Ukraine, reflecting the impact of ongoing geopolitical conflicts on its geographic footprint. 24
Risks (current)Weakened household spending power and retailer inventory normalization in EMEA continue to pressure the HPC and GPC segments. 29 Unanticipated legal and regulatory proceedings – including litigation related to the Tristar Business acquisition – present a company-specific risk, alongside execution risk in creating a pure-play consumer products company from GPC and H&G and realizing expected benefits from the HPC investment. 30 Geopolitical conflicts including Russia-Ukraine, Israel-Hamas, and U.S.-Iran create supply chain disruption, cost inflation, and demand softness, with secondary effects on financial counterparties and emerging market currency instability adding further exposure. 29, 30
New this reporting periodOaktree Capital's $127.0 million strategic investment in the HPC business closed on May 11, 2026, with Oaktree acquiring a 24.9% equity stake; a related HPC Term Loan was issued on the same date. 29 The company completed the Deferred HPC Preferred Equity purchase on July 8, 2026, representing the final tranche of the Oaktree transaction structure. 29 Spectrum Brands completed the first SAP S/4 HANA deployment in its Home & Personal Care business, with the remaining global ERP implementation expected through 2026. 30
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Price & Chart#
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Share-Price Drivers#
Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.
Strategic separation of the Home & Personal Care (HPC) segment via the Oaktree Capital partnership
The HPC partnership with Oaktree closed in May 2026 (HPC Term Loan and Oaktree investment recorded 2026-05-11) and reshapes the portfolio around the higher-growth Pet Care and Home & Garden businesses; HPC is still the largest revenue line at 321.5 (2026-Q1) yet is declining -7.6% 26 28 29.
The HPC partnership with Oaktree closed in May 2026 (HPC Term Loan and Oaktree investment recorded 2026-05-11) and reshapes the portfolio around the higher-growth Pet Care and Home & Garden businesses; HPC is still the largest revenue line at 321.5 (2026-Q1) yet is declining -7.6% 26 28 29.
Global Pet Care (GPC) segment traction
GPC revenue 281.6 in 2026-Q1, up 8.3% with a 17.4% margin; supported by premium shelf placement regained in the chews category and new points of distribution (July 2025) plus GoodBoy brand expansion 26 22 27.
GPC revenue 281.6 in 2026-Q1, up 8.3% with a 17.4% margin; supported by premium shelf placement regained in the chews category and new points of distribution (July 2025) plus GoodBoy brand expansion 26 22 27.
Home & Personal Care (HPC) demand
HPC revenue 321.5 in 2026-Q1, down -7.6% with a 6.4% margin; segment is undergoing strategic separation via the Oaktree partnership 26 27 28.
HPC revenue 321.5 in 2026-Q1, down -7.6% with a 6.4% margin; segment is undergoing strategic separation via the Oaktree partnership 26 27 28.
Home & Garden (H&G) demand
H&G revenue 73.9 in 2026-Q1, down -19.8% with a 6.1% margin; FY2025 H&G revenue 572.8 was down -1.0% 26 24.
H&G revenue 73.9 in 2026-Q1, down -19.8% with a 6.1% margin; FY2025 H&G revenue 572.8 was down -1.0% 26 24.
Tariff pricing and supply-chain diversification away from China
Tariff pricing implementation with major customers launched Q3 2025 alongside supply-chain diversification away from China 22.
Tariff pricing implementation with major customers launched Q3 2025 alongside supply-chain diversification away from China 22.
SAP S/4 HANA global ERP transformation
Multi-phase SAP S/4 HANA ERP rollout planned through calendar year 2026, beginning with Global Pet Care and Home & Garden 26 28 18.
Multi-phase SAP S/4 HANA ERP rollout planned through calendar year 2026, beginning with Global Pet Care and Home & Garden 26 28 18.
Capital returns and balance-sheet actions
$300 million share repurchase authorization and continued debt refinancing; net debt eased to 356.9 in 2026-Q3 from 544.6 a year earlier 26 130 122.
$300 million share repurchase authorization and continued debt refinancing; net debt eased to 356.9 in 2026-Q3 from 544.6 a year earlier 26 130 122.
Sector trend: Segment KPIs are diverging: Pet Care demand is accelerating with double-digit growth and a ~17% margin, while Home & Personal Care and Home & Garden demand is contracting on low-single-digit margins. Group adjusted EPS strengthened to 2.79 in 2026-Q3 and guidance was raised, though reported net income was negative at -26.8 26 130.
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Event Timeline#
This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.
Overview: one dot per event · click jumps to the period
2026 · 10 events
2026-Q3 · Apr – Jun 2026
„On the operational front, we recently achieved another meaningful milestone in our ERP transformation, completing our first SAP S/4 HANA deployment within the Home & Personal Care business, while also completing implementation across the remaining Global Pet Care and Home & Garden entities. We expect to complete the remaining implementation for HPC EMEA later this year, at which point Spectrum Brands will operate on one unified ERP platform across the entire company.“ – David Maura, Chairman and Chief Executive Officer 30
earnings 2026-08-07
Adjusted EBITDA increased 106.7% to $158.3M (21.0% margin) from $76.6M (10.9%) in prior year, including $60.6M one-time IEEPA tariff refunds following a court ruling on their unlawfulness; higher volumes and pricing also contributed to the underlying improvement 29
Adjusted EBITDA increased 106.7% to $158.3M (21.0% margin) from $76.6M (10.9%) in prior year, including $60.6M one-time IEEPA tariff refunds following a court ruling on their unlawfulness; higher volumes and pricing also contributed to the underlying improvement 29
Net income turned negative 2026-08-07
$104.0M impairment charge on HPC indefinite-lived intangible assets, triggered by valuation change associated with Oaktree investment, drove Q3 net loss of $26.8M 29
$104.0M impairment charge on HPC indefinite-lived intangible assets, triggered by valuation change associated with Oaktree investment, drove Q3 net loss of $26.8M 29
Revenue accelerating ◦ 2026-08-07
Net sales increased 7.7% to $753.3M; organic growth of 6.6%, with Home & Garden achieving a record-setting quarter (+19.0% net sales) driven by favorable weather and above-market performance 29
Net sales increased 7.7% to $753.3M; organic growth of 6.6%, with Home & Garden achieving a record-setting quarter (+19.0% net sales) driven by favorable weather and above-market performance 29
2026-Q2 · Jan – Mar 2026
„We are pleased with our results this quarter, where we returned to top-line growth for the first time since first quarter of fiscal 2025. Our key brands across Global Pet Care and Home & Garden continue to outperform the market driven by strong innovation and distribution gains. In Home & Personal Care, while net sales declined, adjusted EBITDA increased, demonstrating the positive impact of the actions taken over the past year. These results continue to reinforce the effectiveness of our strategic initiatives and the strength of our team. Looking forward, while we remain focused on the dynamic macroeconomic environment, our first half results represent meaningful progress for the full fiscal year. We are updating our earnings framework and increasing our Adjusted EBITDA expectation to low to mid single digit growth while maintaining our net sales expectation of flat to low single digit growth in fiscal 26.“ – David Maura, Chairman and Chief Executive Officer 28
Revenue accelerating ◦ 2026-05-07
Net sales increased 4.9% to $708.9M; organic growth of 1.5%, first top-line growth since Q1 fiscal 2025, led by Global Pet Care (+7.6% organic) and Home & Garden (+11.2% organic) 28
Net sales increased 4.9% to $708.9M; organic growth of 1.5%, first top-line growth since Q1 fiscal 2025, led by Global Pet Care (+7.6% organic) and Home & Garden (+11.2% organic) 28
Guidance raised 2026-05-07
FY2026 adjusted EBITDA expectation raised to low to mid single-digit growth from prior flat to low single-digit guidance; net sales guidance maintained at flat to low single-digit growth 28
FY2026 adjusted EBITDA expectation raised to low to mid single-digit growth from prior flat to low single-digit guidance; net sales guidance maintained at flat to low single-digit growth 28
Divestiture 2026-05-07
Oaktree Capital Management executed $127M investment in Home & Personal Care business via preferred equity and debt, with Oaktree acquiring 24.9% equity; Spectrum Brands retained approximately 73% ownership of the Appliances business 28
Oaktree Capital Management executed $127M investment in Home & Personal Care business via preferred equity and debt, with Oaktree acquiring 24.9% equity; Spectrum Brands retained approximately 73% ownership of the Appliances business 28
Operating income doubled 2026-05-07
Operating income more than doubled YoY (19.5 to 43.5 USDm, +123%). 128
Operating income more than doubled YoY (19.5 to 43.5 USDm, +123%). 128
2026-Q1 · Oct – Dec 2025
„we remain confident that Global Pet Care and Home & Garden will return to growth this fiscal year while we continue to improve the fundamentals of our Home & Personal Care business, and deliver improved profitability across all three businesses. We are reiterating our earnings framework of flat to low single digit revenue growth and low single digit adjusted EBITDA growth in fiscal 26.“ – David Maura, Chairman and Chief Executive Officer 26
Revenue decelerating ◦ 2026-02-05
Consolidated net sales declined 3.3% to $677.0M; organic net sales down 6.0%, driven by volume declines in H&G (-19.8% organic) and HPC (-11.1% organic), partially offset by GPC organic growth of 5.8% 25
Consolidated net sales declined 3.3% to $677.0M; organic net sales down 6.0%, driven by volume declines in H&G (-19.8% organic) and HPC (-11.1% organic), partially offset by GPC organic growth of 5.8% 25
Margin compressing 2026-02-05
Adjusted EBITDA margin compressed 200 basis points to 9.2% from 11.1%, driven by lower volumes, higher tariff and inflationary costs, and unfavorable mix 25
Adjusted EBITDA margin compressed 200 basis points to 9.2% from 11.1%, driven by lower volumes, higher tariff and inflationary costs, and unfavorable mix 25
Guidance confirmed 2026-02-05
FY2026 framework reiterated at flat to low single-digit net sales growth and low single-digit adjusted EBITDA growth 26
FY2026 framework reiterated at flat to low single-digit net sales growth and low single-digit adjusted EBITDA growth 26
2025 · 17 events
2025-Q4 · Jul – Sep 2025
„With our strong balance sheet and low leverage, we are uniquely positioned to act as the M&A partner of choice for high-quality, synergistic assets in our sector. We believe our financial strength and our great businesses allow us to move decisively on compelling opportunities that will drive long-term value creation for our shareholders. We remain optimistic about strategic M&A opportunities that can accelerate our long-term growth.“ – David Maura, Chairman and Chief Executive Officer 23
Divestiture 2025-11-18
Company announced plan to divest the Home and Personal Care business through sale or spin-off to create two distinct publicly traded companies 24
Company announced plan to divest the Home and Personal Care business through sale or spin-off to create two distinct publicly traded companies 24
Revenue decelerating ◦ 2025-11-13
Net sales decreased 5.2% in Q4, organic -6.6%, primarily due to supply constraints from halting Chinese imports and category softness across Global Pet Care and Home and Personal Care 23
Net sales decreased 5.2% in Q4, organic -6.6%, primarily due to supply constraints from halting Chinese imports and category softness across Global Pet Care and Home and Personal Care 23
Margin compressing 2025-11-13
Gross profit margin decreased 220 basis points to 35.0% from 37.2% due to lower volume, unfavorable mix, inflation and tariffs, partially offset by pricing and cost improvements 23
Gross profit margin decreased 220 basis points to 35.0% from 37.2% due to lower volume, unfavorable mix, inflation and tariffs, partially offset by pricing and cost improvements 23
Cash flow inflection 2025-11-13
Operating cash flow reached 171.1 USDm vs 80.7 USDm in 2024-Q4 (×2.1). 123
Operating cash flow reached 171.1 USDm vs 80.7 USDm in 2024-Q4 (×2.1). 123
Operating cash flow turned positive 2025-11-13
Operating cash flow turned positive on a half-year basis (2025-H1: -49.3 to 2025-H2: +252.9 USDm, aggregated from reported quarters where needed). 123
Operating cash flow turned positive on a half-year basis (2025-H1: -49.3 to 2025-H2: +252.9 USDm, aggregated from reported quarters where needed). 123
2025-Q3 · Apr – Jun 2025
„Our July results are early indications that the tough decisions we made in Q3 were the right ones as evidenced by each of our businesses delivering sequentially higher sales rates in July. Weather conditions have improved, and we have seen strong POS and retailer replenishment for Home & Garden. Global Pet Care gained new points of distribution and regained premium shelf placement in our chews category at a key retailer. Home and Personal Care is shipping new innovation to retailers that had been impacted by our pause on China purchases. With our initial rounds of pricing and supplier concessions, we had essentially eliminated our tariff exposure at the end of Q3. Based on current known trade arrangements, we are targeting an incremental combined $20 to $25 million in pricing and supplier concessions to fully cover the incremental exposure heading into fiscal 26.“ – David Maura, Chairman and Chief Executive Officer 22
Revenue decelerating ◦ 2025-08-07
Net sales decreased 10.2% to $699.6M, organic -11.1%, driven by tariff-related supply constraints, stop shipments during pricing negotiations, and demand softness in Global Pet Care and Home and Personal Care 22
Net sales decreased 10.2% to $699.6M, organic -11.1%, driven by tariff-related supply constraints, stop shipments during pricing negotiations, and demand softness in Global Pet Care and Home and Personal Care 22
Margin compressing 2025-08-07
Adjusted EBITDA margin decreased 270 basis points to 10.9% from 13.6%, reflecting lower operating volumes and reduced investment income 22
Adjusted EBITDA margin decreased 270 basis points to 10.9% from 13.6%, reflecting lower operating volumes and reduced investment income 22
Guidance confirmed 2025-08-07
Reaffirmed expectation to generate approximately $160M of free cash flow in fiscal 2025 while continuing to suspend the broader earnings framework due to global trade and tariff uncertainty 22
Reaffirmed expectation to generate approximately $160M of free cash flow in fiscal 2025 while continuing to suspend the broader earnings framework due to global trade and tariff uncertainty 22
2025-Q2 · Jan – Mar 2025
„Given the unprecedented global tariff conditions, the unpredictable nature of global trade negotiations, and the softening of U.S. and European consumer demand, at this time we do not have sufficient visibility to continue providing an earnings framework for fiscal 25, but we do expect to generate approximately $160 million of free cash flow.“ – David Maura, Chairman and Chief Executive Officer 20
Revenue decelerating 2025-05-08
Net sales decreased 6.0% to $675.7M driven by volume declines across all segments from softening North American demand, tariff pressure, and unfavorable foreign currency impacts 19
Net sales decreased 6.0% to $675.7M driven by volume declines across all segments from softening North American demand, tariff pressure, and unfavorable foreign currency impacts 19
Guidance cut 2025-05-08
Suspended FY2025 earnings framework due to uncertainty caused by global trade conditions, tariffs, and associated softening of global consumer demand 20
Suspended FY2025 earnings framework due to uncertainty caused by global trade conditions, tariffs, and associated softening of global consumer demand 20
Strategic pivot 2025-05-08
Pivoted operating strategy to maximize cash; temporarily paused finished goods imports from China and accelerated supply chain diversification outside China for U.S. market across all three segments 20
Pivoted operating strategy to maximize cash; temporarily paused finished goods imports from China and accelerated supply chain diversification outside China for U.S. market across all three segments 20
Operating income halved 2025-05-08
Operating income more than halved YoY (75.9 to 19.5 USDm, -74%). 128
Operating income more than halved YoY (75.9 to 19.5 USDm, -74%). 128
2025-Q1 · Oct – Dec 2024
„Our operations and commercial teams are activating plans to minimize and mitigate the impact of the recent tariff actions, accelerating our plans to pivot our production out of China where practical and working with our suppliers and retailers to offset tariff headwinds. We are encouraged by the start of our year and intend to continue this momentum as the year progresses.“ – David Maura, Chairman and Chief Executive Officer 18
Revenue accelerating ◦ 2025-02-06
Net sales increased 1.2% to $700.2M, organic +1.9%, driven by extended fall season and accelerated pre-season sales in Home & Garden segment 17
Net sales increased 1.2% to $700.2M, organic +1.9%, driven by extended fall season and accelerated pre-season sales in Home & Garden segment 17
Margin expanding 2025-02-06
Gross profit margin improved 140 basis points to 36.8%, driven by volume growth and cost improvements, partially offset by ocean freight inflation and higher tariffs 17
Gross profit margin improved 140 basis points to 36.8%, driven by volume growth and cost improvements, partially offset by ocean freight inflation and higher tariffs 17
Guidance confirmed 2025-02-06
Maintained FY2025 earnings framework with low single-digit net sales growth and mid-to-high single-digit adjusted EBITDA growth, targeting approximately 50% conversion of adjusted EBITDA to adjusted free cash flow 18
Maintained FY2025 earnings framework with low single-digit net sales growth and mid-to-high single-digit adjusted EBITDA growth, targeting approximately 50% conversion of adjusted EBITDA to adjusted free cash flow 18
2024 · 15 events
FY2024 · Oct 2023 – Sep 2024
Operating income turned positive
Operating income turned positive for the first time after 1 negative fiscal year (-205.6 to +170.6 USDm). 116
Operating income turned positive for the first time after 1 negative fiscal year (-205.6 to +170.6 USDm). 116
2024-Q4 · Jul – Sep 2024
„I am excited about the upcoming year. Our focus during fiscal 2025 will be to continue the momentum we built in fiscal 2024 by investing in our brands to drive long-term growth, in innovation to expand core and adjacent categories, and in our operations to drive further cost improvement, quality and safety. Despite the overall challenging macro-economic environment, we intend to make incremental investments in fiscal 2025 to drive top-line growth.“ – David Maura, Chairman and Chief Executive Officer 16
Revenue accelerating ◦ 2024-11-15
Q4 net sales increased 4.5% with organic net sales increase of 4.8%, driven by higher volumes across all segments including retailer pull forward in Global Pet Care for ERP implementation, favorable weather in Home & Garden, and global growth in Home & Personal Care 16
Q4 net sales increased 4.5% with organic net sales increase of 4.8%, driven by higher volumes across all segments including retailer pull forward in Global Pet Care for ERP implementation, favorable weather in Home & Garden, and global growth in Home & Personal Care 16
Guidance initiated 2024-11-15
Fiscal 2025 guidance initiated: low single-digit net sales growth, mid to high single-digit adjusted EBITDA growth, and adjusted free cash flow targeting approximately 50% conversion of adjusted EBITDA 16
Fiscal 2025 guidance initiated: low single-digit net sales growth, mid to high single-digit adjusted EBITDA growth, and adjusted free cash flow targeting approximately 50% conversion of adjusted EBITDA 16
Strategic pivot 2024-11-15
Returned $482.7 million to shareholders through share repurchases in fiscal 2024 and increased quarterly dividend 12% to $0.47 per share; ended fiscal year with net debt leverage of 0.56x adjusted EBITDA and $402.7 million remaining under repurchase authorization 16
Returned $482.7 million to shareholders through share repurchases in fiscal 2024 and increased quarterly dividend 12% to $0.47 per share; ended fiscal year with net debt leverage of 0.56x adjusted EBITDA and $402.7 million remaining under repurchase authorization 16
2024-Q3 · Apr – Jun 2024
„I am particularly pleased with each of our business' performance in e-commerce this quarter. We had another quarter of growth in e-commerce across all three business units, with each business growing sales by double-digits and total company e-commerce sales growing by over 20%. E-commerce sales represented over 21% of our quarterly sales. Our Home and Personal Care (HPC) business continued to deliver improving financial performance, reinforcing our confidence that the time is right to separate this business unit. Our teams, together with outside advisors, have now launched a multi-track process pursuing the sale, merger or spin-off of this business, and we filed an initial Form 10 registration statement with the SEC.“ – David Maura, Chairman and Chief Executive Officer 14
Revenue accelerating ◦ 2024-08-08
Net sales increased 6.0% to $779.4 million driven by organic growth of 7.1%, with favorable weather in Home & Garden and improved retailer inventory health 14
Net sales increased 6.0% to $779.4 million driven by organic growth of 7.1%, with favorable weather in Home & Garden and improved retailer inventory health 14
Guidance raised 2024-08-08
Full year adjusted EBITDA growth guidance raised to approximately 20% from prior low double-digit expectation; net sales outlook maintained at relatively flat 14
Full year adjusted EBITDA growth guidance raised to approximately 20% from prior low double-digit expectation; net sales outlook maintained at relatively flat 14
Strategic pivot 2024-08-08
Home and Personal Care business launched multi-track process pursuing sale, merger, or spin-off; filed initial Form 10 registration statement with SEC 14
Home and Personal Care business launched multi-track process pursuing sale, merger, or spin-off; filed initial Form 10 registration statement with SEC 14
2024-Q2 · Jan – Mar 2024
„I am also happy to announce that we have entered into a new agreement with Stanley Black & Decker to license the Black & Decker name in the same categories and geographies as before through the end of calendar 2027, with two additional four year extensions, providing us with access to the Black & Decker brand name through the end of calendar 2035. This is a significant milestone for us, providing certainty on our future access to this important brand name. Given this and the continued improving financial performance in our Home and Personal Care business (HPC), we are continuing to pursue a strategic alternative for HPC via a sale, joint venture or spin later this year.“ – David Maura, Chairman and Chief Executive Officer 12
Margin expanding 2024-05-09
Gross profit margin improved 870 bps to 38.1% due to lower cost inventory (prior-year high-cost inventory base effect), favorable mix, and cost improvements 12
Gross profit margin improved 870 bps to 38.1% due to lower cost inventory (prior-year high-cost inventory base effect), favorable mix, and cost improvements 12
Guidance confirmed 2024-05-09
Updated fiscal 2024 earnings framework expecting net sales to be relatively flat and adjusted EBITDA to grow low double-digits 12
Updated fiscal 2024 earnings framework expecting net sales to be relatively flat and adjusted EBITDA to grow low double-digits 12
Strategic pivot 2024-05-09
Continuing to pursue strategic alternative for Home & Personal Care business via sale, joint venture or spin later in 2024; entered new long-term Black & Decker license agreement through end of calendar 2035 12
Continuing to pursue strategic alternative for Home & Personal Care business via sale, joint venture or spin later in 2024; entered new long-term Black & Decker license agreement through end of calendar 2035 12
2024-Q1 · Oct – Dec 2023
„We have delevered our company. We are operating much more efficiently. We are returning large amounts of capital to our shareholders through dividends and share buy-backs. We are also accelerating our efforts to separate our Home & Personal Care business as we restore the profitability of that unit. Our margins and EBITDA are growing again in both our Global Pet Care and Home & Garden businesses. With our operational house now in order, our primary focus is to return to revenue growth. Our aim is consistent operating performance and a material uplift in the valuation of our shares.“ – David Maura, Chairman and Chief Executive Officer 10
EBITDA turned positive 2024-02-08
Adjusted EBITDA increased 111.8% to $84.3 million, margin expanding to 12.2% from 5.6%, driven by improved cost structure and manufacturing efficiencies 9
Adjusted EBITDA increased 111.8% to $84.3 million, margin expanding to 12.2% from 5.6%, driven by improved cost structure and manufacturing efficiencies 9
earnings 2024-02-08
Net income from continuing operations improved to $17.5 million from a loss of $40.0 million, an increase of $57.5 million 10
Net income from continuing operations improved to $17.5 million from a loss of $40.0 million, an increase of $57.5 million 10
Margin expanding 2024-02-08
Gross profit margin expanded 710 bps to 35.4%, driven by lower cost inventory vs. prior year (prior-year high-cost inventory base effect) and favorable product and channel mix 9
Gross profit margin expanded 710 bps to 35.4%, driven by lower cost inventory vs. prior year (prior-year high-cost inventory base effect) and favorable product and channel mix 9
2023 · 17 events
2023-Q4 · Jul – Sep 2023
„We have concluded a pivotal year for the business as we close out our fourth quarter. We have already paid down $1.6 billion of our outstanding debt with the proceeds from the sale of our HHI business and have ended the year in a net cash position. We have reduced our inventory by over $300 million since the beginning of the year while improving fill rates across all businesses. We have also improved our margin structure by driving cost improvements and exiting non-core unproductive categories. With the latest financial results for the quarter, we have started to transition our business from defending against the various headwinds and preserving cash to leaning into the opportunities that a strong balance sheet and improved margins present to us.“ – David Maura, Chairman and Chief Executive Officer 7
Operating income turned positive 2024-11-15
Operating income turned positive for the first time after 3 negative periods (-124.7 to +16.3 USDm). 116
Operating income turned positive for the first time after 3 negative periods (-124.7 to +16.3 USDm). 116
earnings 2023-11-17
Q4 adjusted EBITDA of $113.7 million; adjusted diluted EPS increased 183.3% reflecting higher adjusted EBITDA, lower interest expense following debt repayment, and lower share count from buybacks 7
Q4 adjusted EBITDA of $113.7 million; adjusted diluted EPS increased 183.3% reflecting higher adjusted EBITDA, lower interest expense following debt repayment, and lower share count from buybacks 7
Margin expanding 2023-11-17
Margin structure improved through cost improvements and planned exit of non-core unproductive categories; adjusted EBITDA increased $39.0 million driven by gross profit improvements and interest income 7
Margin structure improved through cost improvements and planned exit of non-core unproductive categories; adjusted EBITDA increased $39.0 million driven by gross profit improvements and interest income 7
Guidance initiated 2023-11-17
Company issued FY2024 outlook: low single-digit net sales decline and high single-digit adjusted EBITDA growth, targeting long-term net leverage ratio of 2.0-2.5x 7
Company issued FY2024 outlook: low single-digit net sales decline and high single-digit adjusted EBITDA growth, targeting long-term net leverage ratio of 2.0-2.5x 7
2023-Q3 · Apr – Jun 2023
„I am proud of our global Spectrum Brands team for all their efforts and tireless dedication to the Company. We have been challenged by a number of unanticipated developments throughout this year, including lower consumer demand resulting in significant sales volatility to our retail customers, cooler weather in the third quarter exacerbating this trend for our Home and Garden business, and the DOJ lawsuit to block the sale of our HHI business unit.“ – David Maura, Chairman and Chief Executive Officer 6
earnings 2023-08-11
Adjusted EBITDA from continuing operations increased 23% year over year to $98.5 million, including $5.3 million of investment income on post-divestiture cash balances 6
Adjusted EBITDA from continuing operations increased 23% year over year to $98.5 million, including $5.3 million of investment income on post-divestiture cash balances 6
Net debt to net cash 2023-08-11
Repaid $1.55 billion of outstanding debt using HHI proceeds; ended Q3 with $2.9 billion cash and $2.1 billion debt outstanding, reaching a net cash position 6
Repaid $1.55 billion of outstanding debt using HHI proceeds; ended Q3 with $2.9 billion cash and $2.1 billion debt outstanding, reaching a net cash position 6
Divestiture 2023-08-11
Hardware and Home Improvement segment divestiture to ASSA ABLOY AB completed June 20, 2023 for $4.3 billion cash proceeds, recognizing gain on sale of $2,824.9 million 5
Hardware and Home Improvement segment divestiture to ASSA ABLOY AB completed June 20, 2023 for $4.3 billion cash proceeds, recognizing gain on sale of $2,824.9 million 5
Net income turned positive 2023-08-11
Net income turned positive for the first time after 2 negative periods (-53.6 to +1859.2 USDm). 114
Net income turned positive for the first time after 2 negative periods (-53.6 to +1859.2 USDm). 114
2023-Q2 · Jan – Mar 2023
„I am pleased to announce that with the settlement agreement with the DOJ, we have reached a critical milestone in the completion of the sale of our Hardware and Home Improvement business to ASSA ABLOY for $4.3 billion in cash. We remain confident that the transaction will close no later than June 30, 2023. We believe that HHI will be better positioned for growth and innovation under ASSA ABLOY's stewardship, and are excited for our HHI colleagues who have found an excellent home. This is a meaningful strategic pivot for Spectrum Brands, which will strengthen our balance sheet by making us a net debt free company, and allow us to devote all our resources to and prioritize the long-term growth of our remaining businesses. This transaction will also bring us closer to our long-term goal of becoming a faster growing, higher margin, pure play Global Pet Care and Home & Garden company.“ – David Maura, Chairman and Chief Executive Officer 4
Revenue decelerating 2023-05-12
Net sales decreased 9.7% to $729.2M driven by retailer inventory reduction strategy, lower replenishment orders, slower point-of-sale, and unfavorable foreign currency 3
Net sales decreased 9.7% to $729.2M driven by retailer inventory reduction strategy, lower replenishment orders, slower point-of-sale, and unfavorable foreign currency 3
Guidance cut 2023-05-12
FY2023 outlook revised to mid single-digit net sales decline and low-to-mid single-digit adjusted EBITDA decline, from prior framework of flat sales and low double-digit EBITDA growth 4
FY2023 outlook revised to mid single-digit net sales decline and low-to-mid single-digit adjusted EBITDA decline, from prior framework of flat sales and low double-digit EBITDA growth 4
Divestiture 2023-05-12
DOJ lawsuit resolved via settlement requiring ASSA ABLOY to divest Emtek and Smart Residential Business; HHI divestiture expected to close no later than June 30, 2023 3 4
DOJ lawsuit resolved via settlement requiring ASSA ABLOY to divest Emtek and Smart Residential Business; HHI divestiture expected to close no later than June 30, 2023 3 4
Cash flow inflection 2023-05-12
Operating cash flow reached 241.8 USDm vs 64.2 USDm in 2022-Q2 (×3.8). 104
Operating cash flow reached 241.8 USDm vs 64.2 USDm in 2022-Q2 (×3.8). 104
2023-Q1 · Oct – Dec 2022
„Our focus on cash generation yielded positive results as we reduced our inventory by another $65 million during our first quarter, including HHI. We will maintain this focus on reducing working capital and strengthening our balance sheet throughout fiscal 23 as we navigate these uncertain economic conditions. With respect to our strategic transformation, we expect to win the DOJ lawsuit, close the HHI transaction and collect $4.3 billion of cash by no later than June 2023.“ – David Maura, Chairman and Chief Executive Officer 2
Revenue decelerating 2023-02-10
Net sales fell 5.8% to $713.3M driven by lower replenishment orders, slower holiday retail sales, high retail inventory levels, and unfavorable foreign currency across all segments 1
Net sales fell 5.8% to $713.3M driven by lower replenishment orders, slower holiday retail sales, high retail inventory levels, and unfavorable foreign currency across all segments 1
Guidance confirmed 2023-02-10
FY2023 earnings framework updated: net sales expected flat to prior year with low double-digit adjusted EBITDA growth maintained 2
FY2023 earnings framework updated: net sales expected flat to prior year with low double-digit adjusted EBITDA growth maintained 2
Divestiture 2023-02-10
HHI divestiture anticipated to close no later than June 2023 with expected cash proceeds of $4.3 billion 2
HHI divestiture anticipated to close no later than June 2023 with expected cash proceeds of $4.3 billion 2
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Key Figures ($m)#
The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue ($m) · annual basis, as reported
Net income ($m) · annual basis, as reported
EPS ($) · annual basis, as reported
Operating cash flow ($m) · annual basis, as reported
Revenue ($m) · quarterly basis, as reported
Net income ($m) · quarterly basis, as reported
EPS ($) · quarterly basis, as reported
Operating cash flow ($m) · quarterly basis, as reported
Cash ($m) · annual basis, as reported
Debt ($m) · annual basis, as reported
Net Debt ($m) · annual basis, as reported
Capex ($m) · annual basis, as reported
FCF ($m) · annual basis, as reported
D&A ($m) · annual basis, as reported
Cash ($m) · quarterly basis, as reported
Debt ($m) · quarterly basis, as reported
Net Debt ($m) · quarterly basis, as reported
Capex ($m) · quarterly basis, as reported
FCF ($m) · quarterly basis, as reported
D&A ($m) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2016 is on record.
Fiscal years
Amounts in $m · EPS in $ per share · as reported
| Period | Calendar quarter | Revenue | Op. income | Net income | EPS ($) | EPS adj. ($) | EBITDA (adj.) | OCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Q4/2024–Q3/2025 | 2,809 | 124.9 | 99.9 | 3.86 | 5.55 | 289.1 | 203.6 | 123 |
| FY2024 | Q4/2023–Q3/2024 | 2,963.9 | 170.6 | 124.8 | 4.10 | 4.13 | 371.8 | 162.6 | 116 |
| FY2023 | Q4/2022–Q3/2023 | 2,918.8 | -205.6 | 1,801.5 | 45.65 | 1.59 | 303.6 | -409.7 | 107 |
Quarters
Amounts in $m · EPS in $ per share · Net Debt/EBITDA as a multiple · as reported
| Period | Calendar quarter | Published | Revenue | Op. income | Net income | EPS ($) | EPS adj. ($) | EBITDA (adj.) | FCF | Cash | Net Debt | Net Debt/EBITDA (x) | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q3* | Q2/2026 | 2026-08-07 | 753.3 | 15.9 | -26.8 | -1.16 | 2.79 | 158.3 | 73.5 | 258.9 | 356.9 | 1.7x (LTM) | 130 |
| 2026-Q2* | Q1/2026 | 2026-05-07 | 708.9 | 43.5 | 22.1 | 0.94 | 1.25 | 84 | 0.9 | 125.1 | 462.8 | 2x (LTM) | 128 |
| 2026-Q1* | Q4/2025 | 2026-02-05 | 677 | 27.1 | 28.4 | 1.21 | 1.40 | 62.6 | 59.3 | 126.6 | 439.6 | 2.1x (LTM) | 126 |
| 2025-Q4* | Q3/2025 | 2025-11-13 | 733.5 | 29.4 | 55.7 | 2.29 | 2.61 | 63.4 | 157.9 | 123.6 | 444.3 | 2x (LTM) | 123 |
| 2025-Q3* | Q2/2025 | 2025-08-07 | 699.6 | 31.3 | 19.9 | 0.80 | 1.24 | 76.6 | 71.8 | 122 | 544.6 | 2.5x (LTM) | 122 |
| 2025-Q2* | Q1/2025 | 2025-05-08 | 675.7 | 19.5 | 1.2 | 0.03 | 0.68 | 71.3 | 13.9 | 96 | 545.5 | 2.3x (LTM) | 19 |
| 2025-Q1* | Q4/2024 | 2025-02-06 | 700.2 | 44.7 | 23.8 | 0.84 | 1.02 | 77.8 | -78.3 | 179.9 | 378.9 | 1.3x (LTM) | 118 |
| 2024-Q4* | Q3/2024 | 2024-11-15 | 773.7 | 22 | 28.7 | 1.01 | 0.97 | 68.9 | 67.7 | 368.9 | 191.9 | 0.7x (LTM) | 15 |
| 2024-Q3* | Q2/2024 | 2024-08-08 | 779.4 | 47.7 | 6 | 0.21 | 1.13 | 106.3 | – | 157.7 | 402.8 | – | 114 |
| 2024-Q2* | Q1/2024 | 2024-05-09 | 718.5 | 75.9 | 60.9 | 2.01 | 1.40 | 112.3 | – | 745.7 | 637.7 | – | 112 |
| 2024-Q1* | Q4/2023 | 2024-02-08 | 692.2 | 25 | 29.2 | 0.85 | 0.63 | 84.3 | -12.7 | 445.4 | 951.2 | – | 9 |
| 2023-Q4* | Q3/2023 | 2024-11-15 | 740.7 | 16.3 | 16.4 | 0.47 | 1.12 | 111.5 | – | 753.9 | 801.6 | – | 116 |
| 2023-Q3* | Q2/2023 | 2023-08-11 | 735.5 | -124.7 | 1,859.2 | 46.07 | 0.93 | 98.5 | – | 2,930.2 | -851.8 | – | 5 |
| 2023-Q2* | Q1/2023 | 2023-05-12 | 729.2 | -77 | -53.6 | -1.31 | -0.14 | 51 | – | 327.8 | 2,860.9 | – | 104 |
| 2023-Q1* | Q4/2022 | 2023-02-10 | 713.3 | -20.2 | -20.9 | -0.51 | -0.32 | 39.8 | -74.2 | 228 | 3,052.2 | – | 1 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income (adj.) (not reported in any source for these periods).
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Balance Sheet & Cash Flow ($m)#
Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
Fiscal years
Amounts in $m · as reported
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Q4/2024–Q3/2025 | 2025-11-13 | 123.6 | 567.9 | 444.3 | 98 | 203.6 | 38.3 | 165.3 | 123 |
| FY2024 | Q4/2023–Q3/2024 | 2024-11-15 | 368.9 | 560.8 | 191.9 | 101.8 | 162.6 | 44 | 118.6 | 116 |
| FY2023 | Q4/2022–Q3/2023 | 2023-11-21 | 753.9 | 1,555.5 | 801.6 | 91.2 | -409.7 | 59 | -468.7 | 8 |
Quarters
Amounts in $m · as reported
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q3 | Q2/2026 | 2026-08-07 | 258.9 | 615.8 | 356.9 | 24.8 | 83.3 | 9.8 | 73.5 | 130 |
| 2026-Q2 | Q1/2026 | 2026-05-07 | 125.1 | 587.9 | 462.8 | 24.2 | 10.2 | 9.3 | 0.9 | 128 |
| 2026-Q1 | Q4/2025 | 2026-02-05 | 126.6 | 566.2 | 439.6 | 25.8 | 67.4 | 8.1 | 59.3 | 126 |
| 2025-Q4 | Q3/2025 | 2025-11-13 | 123.6 | 567.9 | 444.3 | 23.9 | 171.1 | 13.2 | 157.9 | 123 |
| 2025-Q3 | Q2/2025 | 2025-08-07 | 122 | 666.6 | 544.6 | 25.1 | 81.8 | 10 | 71.8 | 122 |
| 2025-Q2 | Q1/2025 | 2025-05-08 | 96 | 641.5 | 545.5 | 24.5 | 23.1 | 9.2 | 13.9 | 19 |
| 2025-Q1 | Q4/2024 | 2025-02-06 | 179.9 | 558.8 | 378.9 | 24.5 | -72.4 | 5.9 | -78.3 | 118 |
| 2024-Q4 | Q3/2024 | 2024-11-15 | 368.9 | 560.8 | 191.9 | 25.5 | 80.7 | 13 | 67.7 | 15 |
| 2024-Q3 | Q2/2024 | 2024-08-08 | 157.7 | 560.5 | 402.8 | 25.2 | 82.7 | 10.1 | – | 114 |
| 2024-Q2 | Q1/2024 | 2024-05-09 | 745.7 | 1,383.4 | 637.7 | 25.4 | 3.5 | 12.5 | – | 112 |
| 2024-Q1 | Q4/2023 | 2024-02-08 | 445.4 | 1,396.6 | 951.2 | 25.5 | -4.3 | 8.4 | -12.7 | 9 |
| 2023-Q4 | Q3/2023 | 2024-11-15 | 753.9 | 1,555.5 | 801.6 | 23.6 | -514 | – | – | 116 |
| 2023-Q3 | Q2/2023 | 2023-08-11 | 2,930.2 | 2,078.4 | -851.8 | 22.6 | -73.3 | – | – | 5 |
| 2023-Q2 | Q1/2023 | 2023-05-12 | 327.8 | 3,188.7 | 2,860.9 | 22.4 | 241.8 | 15.9 | – | 104 |
| 2023-Q1 | Q4/2022 | 2023-02-10 | 228 | 3,280.2 | 3,052.2 | 22.6 | -64.2 | 10 | -74.2 | 1 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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Revenue by Type (as of 2026-Q3 · USDm · 5/6)#
Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.
| Segment | Since | Period | Basis | Revenue | Growth | Margin | Source |
|---|---|---|---|---|---|---|---|
| Home & Garden | 2025-Q2 | 2026-Q2 | 6M | 243.4 | -0.4% | 16.1% | 27 |
| H&G | 2023-Q1 | FY2025 | 12M | 572.8 | -1% | – | 24 |
| Home & Personal Care (HPC) | 2022-Q1 | 2026-Q1 | 3M | 321.5 | -7.6% | 6.4% | 26 |
| Global Pet Care (GPC) | 2022-Q1 | 2026-Q1 | 3M | 281.6 | 8.3% | 17.4% | 26 |
| Home & Garden (H&G) | 2022-Q1 | 2026-Q1 | 3M | 73.9 | -19.8% | 6.1% | 26 |
| Home and Garden | 2023-Q2 | 2024-Q1 | 3M | 72 | 0.8% | -1% | 9 |
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Products & M&A (9/11 active+recent)#
Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.
| Product/Line | Since | Status | Source |
|---|---|---|---|
| GoodBoy® brand expansion | 2026-06 | Launched | 27 |
| $300 Million Share Repurchase Authorization | 2026 | Launched | 26 |
| Tariff pricing implementation with major customers | 2025-09 | Launched | 22 |
| Supply chain diversification away from China | 2025-09 | Launched | 22 |
| Premium shelf placement regained in chews category | 2025-07 | Launched | 22 |
| New points of distribution in Global Pet Care | 2025-07 | Launched | 22 |
| S/4Hana ERP Implementation - Home & Garden | 2025-06 | Launched | 18 |
| S/4Hana ERP Implementation - Global Pet Care | 2025-03 | Launched | 18 |
| SAP S/4 HANA ERP deployment (6x) | 2024-06 | Launched | 28 |
| Debt repurchase and refinancing | 2024-03 | Launched | 11 |
| Share repurchase plan (Rule 10b5-1) | 2023-12 | Launched | 11 |
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M&A (34)#
All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.
Acquisitions · 8Divestitures/exits · 14older: 11 (in the table)
Acquisitions
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Deferred HPC Preferred Equity purchase completion | 2026-07 | Completed | 29 |
| Oaktree Capital investment in HPC business | 2026-05 | Completed | 29 |
| Oaktree Capital partnership on Home & Personal Care Business | 2026-05 | Announced | 28 |
| Repayment of $1.174 billion senior unsecured bonds | 2024-06 | Completed | 14 |
| New Black & Decker License Agreement | 2024-05 | Announced | 12 |
| Exchangeable Notes Issuance (3x) | 2024-05 | Completed | 14 |
| Tender offer on Senior Notes | 2024 | Completed | 13 |
| HPC segment separation (9x) | 2023-06 | Completed | 20 |
| Tristar Business acquisition (PowerXL, Emeril, Copper Chef brands) | 2022-02 | Completed | 8 |
| Rejuvenate acquisition (9x) | 2021-05 | Completed | 15 |
| Armitage Pet Care Ltd acquisition (Good Boy, Meowee, Wildbird brands) | 2020-10 | Completed | 8 |
| Armitage Acquisition (2x) | 2020-10 | Completed | 5 |
| Omega Sea LLC acquisition (Omega brand premium fish foods) | 2020-03 | Completed | 8 |
| Omega Acquisition (2x) | 2020-03 | Completed | 5 |
Divestitures / exits
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| HHI separation | 2025-06 | Divested | 24 |
| HPC Business strategic alternative (sale, joint venture or spin) | 2024-06 | Divested | 12 |
| Creation of Global Pet Care and Home & Garden pure-play company | 2024-03 | Divested | 10 |
| Exit of non-strategic categories in Global Pet Care | 2023-12 | Divested | 7 |
| HHI divestiture completion | 2023-09 | Divested | 8 |
| Hardware and Home Improvement segment divestiture to ASSA ABLOY AB | 2023-06 | Divested | 8 |
| HHI segment divestiture to ASSA | 2023-06 | Divested | 8 |
| HHI segment divestiture | 2023-06 | Divested | 13 |
| HHI sale to ASSA ABLOY | 2023-06 | Divested | 4 |
| HHI Divestiture | 2023-06 | Divested | 20 |
| HHI Business Divestiture | 2023-06 | Divested | 2 |
| HHI divestiture to ASSA ABLOY | 2023-05 | Divested | 3 |
| Tristar Business product disposal | 2023 | Divested | 8 |
| Sale of HHI business | 2023 | Divested | 7 |
| ASSA ABLOY Divestiture of Emtek and Smart Residential Business | 2022-12 | Divested | 1 |
| HHI Segment Divestiture to ASSA ABLOY | 2021-09 | Divested | 1 |
| Coevorden dog and cat food facility sale | 2020-03 | Divested | 3 |
| Coevorden Netherlands dog/cat food facility divestiture to United Petfood Producers NV | 2020-03 | Divested | 8 |
| Coevorden DCF Facility Divestiture | 2020-03 | Divested | 1 |
| Global Appliances business creation | – | Divested | 16 |
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Reported KPIs (as disclosed) (209)#
Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| Date | Period | KPI | Value / change | Source |
|---|---|---|---|---|
| 2026-08-07 | 2026-Q3 | total liquidity | $753.7 | 29 |
| 2026-08-07 | 2026-Q3 | cash and cash equivalents | $258.9 | 29 |
| 2026-08-07 | 2026-Q3 | borrowing availability | $494.8 | 29 |
| 2026-08-07 | 2026-Q3 | Total Liquidity | 753.7 | 30 |
| 2026-08-07 | 2026-Q3 | Net Debt Leverage | 1.02x Adjusted EBITDA | 30 |
| 2026-08-07 | 2026-Q3 | Net Debt | 374.1 (USD in millions) | 30 |
| 2026-08-07 | 2026-Q3 | Cash and Cash Equivalents | 258.9 (USD in millions) | 30 |
| 2026-05-07 | 2026-Q2 | total liquidity | 595.9 | 27 |
| 2026-05-07 | 2026-Q2 | cash and equivalents | 125.1 (USD in millions) | 27 |
| 2026-05-07 | 2026-Q2 | borrowing availability | 470.8 | 27 |
| 2026-05-07 | 2026-Q2 | Undrawn capacity on cash flow revolver | 470.8 (USD in millions) | 28 |
| 2026-05-07 | 2026-Q2 | Total liquidity | 595.9 | 28 |
| 2026-05-07 | 2026-Q2 | Total debt outstanding | 599.7 (USD in millions) | 28 |
| 2026-05-07 | 2026-Q2 | Net debt | 474.6 (USD in millions) | 28 |
| 2026-05-07 | 2026-Q2 | Net Debt Leverage | 1.66x | 28 |
| 2026-05-07 | 2026-Q2 | Cash and cash equivalents | 125.1 (USD in millions) | 28 |
| 2026-02-05 | 2026-Q1 | total liquidity | 618.8 | 25 |
| 2026-02-05 | 2026-Q1 | cash and equivalents | 126.6 (USD in millions) | 25 |
| 2026-02-05 | 2026-Q1 | borrowing availability | 492.2 | 25 |
| 2026-02-05 | 2026-Q1 | Total Liquidity | 618.8 | 26 |
| 2026-02-05 | 2026-Q1 | Total Debt Outstanding | 578.9 (USD in millions) | 26 |
| 2026-02-05 | 2026-Q1 | Share Repurchases | 0.6 million shares for $36 million | 26 |
| 2026-02-05 | 2026-Q1 | Net Debt Leverage | 1.65x | 26 |
| 2026-02-05 | 2026-Q1 | Net Debt | 452.3 (USD in millions) | 26 |
| 2026-02-05 | 2026-Q1 | Cash Balance | 126.6 (USD in millions) | 26 |
| 2025-11-18 | FY2025 | Valuation allowance | 296.4 | 24 |
| 2025-11-18 | FY2025 | Unrecognized tax benefits | 112.5 | 24 |
| 2025-11-18 | FY2025 | Total liquidity | 615.9 | 24 |
| 2025-11-18 | FY2025 | Operating cash flow | 204.1 (USD in millions) | 24 |
| 2025-11-18 | FY2025 | Investing cash flow | -37.7 (USD in millions) | 24 |
| 2025-11-18 | FY2025 | HPC net sales | 1,153.7 (USD in millions, except %) | 24 |
| 2025-11-18 | FY2025 | HG net sales | 572.8 (USD in millions, except %) | 24 |
| 2025-11-18 | FY2025 | Gross Profit Margin (prior year) | 37.4% | 24 |
| 2025-11-18 | FY2025 | Gross Profit Margin | 36.7% | 24 |
| 2025-11-18 | FY2025 | GPC net sales | 1,082.5 (USD in millions, except %) | 24 |
| 2025-11-18 | FY2025 | Foreign currency debt | 8.1 (USD in millions equivalent) | 24 |
| 2025-11-18 | FY2025 | Financing cash flow | -401.2 (USD in millions) | 24 |
| 2025-11-18 | FY2025 | Federal NOLs | 601.8 | 24 |
| 2025-11-18 | FY2025 | Cash and cash equivalents | 123.6 (USD in millions) | 24 |
| 2025-11-18 | FY2025 | Borrowing availability | 492.3 | 24 |
| 2025-11-18 | FY2025 | Adjusted EBITDA margin (prior year) | 12.5% | 24 |
| 2025-11-18 | FY2025 | Adjusted EBITDA margin | 10.3% | 24 |
| 2025-11-13 | 2025-Q4 | Total Liquidity | 615.9 | 23 |
| 2025-11-13 | 2025-Q4 | Total Debt Outstanding | 581.4 (USD millions) | 23 |
| 2025-11-13 | 2025-Q4 | Net Debt Leverage | 1.58x | 23 |
| 2025-11-13 | 2025-Q4 | Net Debt | 457.8 (USD millions) | 23 |
| 2025-11-13 | 2025-Q4 | Cash and Cash Equivalents | 123.6 (USD millions) | 23 |
| 2025-08-07 | 2025-Q3 | Undrawn revolver capacity | 388.5 | 22 |
| 2025-08-07 | 2025-Q3 | total liquidity | 510.5 | 22 |
| 2025-08-07 | 2025-Q3 | Total debt outstanding | 681.1 (USD in millions) | 22 |
| 2025-08-07 | 2025-Q3 | Shares repurchased Q3 | 0.9 million | 22 |
| 2025-08-07 | 2025-Q3 | shares outstanding | 24.2 million | 22 |
| 2025-08-07 | 2025-Q3 | senior unsecured notes | 496.1 | 22 |
| 2025-08-07 | 2025-Q3 | revolver borrowings | 103.0 | 22 |
| 2025-08-07 | 2025-Q3 | repurchase cost Q3 | 54.4 (USD in millions) | 22 |
| 2025-08-07 | 2025-Q3 | net debt | 559.1 (USD in millions) | 22 |
| 2025-08-07 | 2025-Q3 | finance leases | 82.0 | 22 |
| 2025-08-07 | 2025-Q3 | cumulative shares repurchased since HHI divestiture | 17.1 million | 22 |
| 2025-08-07 | 2025-Q3 | cumulative repurchase cost since HHI divestiture | 1.3 billion | 22 |
| 2025-08-07 | 2025-Q3 | cash balance | 122.0 (USD in millions) | 22 |
| 2025-08-07 | 2025-Q3 | Total liquidity | 510.5 | 21 |
| 2025-08-07 | 2025-Q3 | net sales | 699.6 (USD in millions) | 21 |
| 2025-08-07 | 2025-Q3 | net income from continuing operations | 20.5 | 21 |
| 2025-08-07 | 2025-Q3 | interest expense | 8.4 (USD in millions) | 21 |
| 2025-08-07 | 2025-Q3 | gross profit margin | 37.8% | 21 |
| 2025-08-07 | 2025-Q3 | Cash and cash equivalents | 122.0 (USD in millions) | 21 |
| 2025-08-07 | 2025-Q3 | Borrowing availability | 388.5 | 21 |
| 2025-05-08 | 2025-Q2 | Total liquidity | 504.6 | 19 |
| 2025-05-08 | 2025-Q2 | Total Liquidity | 504.6 | 20 |
| 2025-05-08 | 2025-Q2 | Total Debt Outstanding | 656.9 (USD in millions) | 20 |
| 2025-05-08 | 2025-Q2 | Net Debt | 560.9 (USD in millions) | 20 |
| 2025-05-08 | 2025-Q2 | gross profit margin (six months) | 37.2% | 19 |
| 2025-05-08 | 2025-Q2 | gross profit margin (six months prior year) | 36.7% | 19 |
| 2025-05-08 | 2025-Q2 | gross profit margin (prior year Q2) | 38.1% | 19 |
| 2025-05-08 | 2025-Q2 | gross profit margin | 37.5% | 19 |
| 2025-05-08 | 2025-Q2 | Cash and cash equivalents | 96.0 (USD in millions) | 19 |
| 2025-05-08 | 2025-Q2 | Cash Balance | 96.0 (USD in millions) | 20 |
| 2025-05-08 | 2025-Q2 | Borrowing availability | 408.6 | 19 |
| 2025-05-08 | 2025-Q2 | adjusted EBITDA margin (six months) | 10.8% | 19 |
| 2025-05-08 | 2025-Q2 | adjusted EBITDA margin (six months prior year) | 13.9% | 19 |
| 2025-05-08 | 2025-Q2 | adjusted EBITDA margin (prior year Q2) | 15.6% | 19 |
| 2025-05-08 | 2025-Q2 | Adjusted EBITDA margin | 10.6% | 19 |
| 2025-02-06 | 2025-Q1 | Total Liquidity | 670.7 | 18 |
| 2025-02-06 | 2025-Q1 | target long-term net leverage ratio | 2.0 - 2.5 times | 18 |
| 2025-02-06 | 2025-Q1 | Net income from continuing operations margin | 3.5% | 17 |
| 2025-02-06 | 2025-Q1 | Net Debt | 395.2 (USD in millions) | 18 |
| 2025-02-06 | 2025-Q1 | gross profit margin | 36.8% | 17 |
| 2025-02-06 | 2025-Q1 | Debt Outstanding | 575.1 (USD in millions) | 18 |
| 2025-02-06 | 2025-Q1 | Cash Balance | 180 (USD in millions) | 18 |
| 2024-11-15 | FY2024 | Unrecognized tax benefits | 108.5 | 15 |
| 2024-11-15 | FY2024 | US federal NOL carryforwards | 569.2 (USD in millions, except %) | 15 |
| 2024-11-15 | FY2024 | US deferred tax valuation allowance | 203.6 | 15 |
| 2024-11-15 | FY2024 | Total valuation allowance | 321.4 | 15 |
| 2024-11-15 | FY2024 | Total selling general administrative | 958.5 | 15 |
| 2024-11-15 | FY2024 | Total liquidity | 859.7 | 15 |
| 2024-11-15 | FY2024 | Strategic transaction restructuring optimization | 33.7 | 15 |
| 2024-11-15 | FY2024 | State NOL future tax benefits | 42.8 | 15 |
| 2024-11-15 | FY2024 | Sales marketing advertising | 346.6 (USD in millions, except %) | 15 |
| 2024-11-15 | FY2024 | Research development | 28.1 | 15 |
| 2024-11-15 | FY2024 | Representation Warranty Insurance gain | 65.0 (USD in millions, except %) | 15 |
| 2024-11-15 | FY2024 | Projected repatriation tax | 1.7 | 15 |
| 2024-11-15 | FY2024 | Prior year net income from continuing operations margin | -8.0% | 15 |
| 2024-11-15 | FY2024 | Prior year gross profit margin | 31.7% | 15 |
| 2024-11-15 | FY2024 | Prior year Adjusted EBITDA margin | 9.4% | 15 |
| 2024-11-15 | FY2024 | Operating cash flow prior year | 8.0 (USD in millions) | 15 |
| 2024-11-15 | FY2024 | Operating cash flow continuing | 269.8 (USD in millions) | 15 |
| 2024-11-15 | FY2024 | Net income from continuing operations margin | 3.4% | 15 |
| 2024-11-15 | FY2024 | Net FX impact after underlying exposures | 11.8 | 15 |
| 2024-11-15 | FY2024 | Mandatory repatriation tax liability | 11.1 | 15 |
| 2024-11-15 | FY2024 | Impairment Rejuvenate OmegaSea tradenames | 45.2 | 15 |
| 2024-11-15 | FY2024 | gross profit margin | 37.4% | 15 |
| 2024-11-15 | FY2024 | General administrative | 283.2 | 15 |
| 2024-11-15 | FY2024 | Foreign deferred tax valuation allowance | 117.8 | 15 |
| 2024-11-15 | FY2024 | Federal tax benefit NOL | 119.5 | 15 |
| 2024-11-15 | FY2024 | FX derivative loss 10pct unfavorable | 86.3 | 15 |
| 2024-11-15 | FY2024 | Exchangeable Notes issued | 350.0 | 15 |
| 2024-11-15 | FY2024 | Domestic valuation allowance unreleased | 131.7 | 15 |
| 2024-11-15 | FY2024 | Distribution | 266.9 | 15 |
| 2024-11-15 | FY2024 | Debt paid down | 1,349.3 (USD in millions, except %) | 15 |
| 2024-11-15 | FY2024 | Debt foreign currencies | 7.0 (USD in millions, except %) | 15 |
| 2024-11-15 | FY2024 | Common stock repurchase | 482.7 | 15 |
| 2024-11-15 | FY2024 | Cash and cash equivalents | 368.9 (USD in millions, except %) | 15 |
| 2024-11-15 | FY2024 | Borrowing availability credit facility | 490.8 | 15 |
| 2024-11-15 | FY2024 | Annual interest payments | 22.1 | 15 |
| 2024-11-15 | FY2024 | Adjusted EBITDA margin | 12.5% | 15 |
| 2024-11-15 | 2024-Q4 | Total Liquidity | 860 | 16 |
| 2024-11-15 | 2024-Q4 | Total Debt Outstanding | 578 (USD in millions) | 16 |
| 2024-11-15 | 2024-Q4 | Net Debt Leverage | 0.56x | 16 |
| 2024-11-15 | 2024-Q4 | Net Debt | 209 (USD in millions) | 16 |
| 2024-11-15 | 2024-Q4 | Cash Balance | 369 (USD in millions) | 16 |
| 2024-08-08 | 2024-Q3 | Total liquidity | 797 | 14 |
| 2024-08-08 | 2024-Q3 | Operating cash flow | 178.4 (USD in millions) | 13 |
| 2024-08-08 | 2024-Q3 | Net debt | 272 (USD in millions) | 14 |
| 2024-08-08 | 2024-Q3 | E-commerce sales pct | over 21% | 14 |
| 2024-08-08 | 2024-Q3 | Available borrowing capacity | 490.4 | 13 |
| 2024-08-08 | 2024-Q3 | Adjusted EBITDA margin - HPC | 4.1% | 13 |
| 2024-08-08 | 2024-Q3 | Adjusted EBITDA margin - H&G | 20.5% | 13 |
| 2024-08-08 | 2024-Q3 | Adjusted EBITDA margin - GPC | 20.1% | 13 |
| 2024-08-08 | 2024-Q3 | Adjusted EBITDA margin - Consolidated | 13.6% | 13 |
| 2024-05-09 | 2024-Q2 | Total debt outstanding | 1,401 (USD millions) | 12 |
| 2024-05-09 | 2024-Q2 | Short-term investments | 500 (USD millions) | 12 |
| 2024-05-09 | 2024-Q2 | SBH Rule 10b5 1 repurchases YTD | 108.7 million | 11 |
| 2024-05-09 | 2024-Q2 | Net income margin | 6.9 | 12 |
| 2024-05-09 | 2024-Q2 | Net debt | 155 (USD millions) | 12 |
| 2024-05-09 | 2024-Q2 | HPC Adjusted EBITDA margin 6M 2024 | 7.3 % | 11 |
| 2024-05-09 | 2024-Q2 | HPC Adjusted EBITDA margin 6M 2023 | 1.8 % | 11 |
| 2024-05-09 | 2024-Q2 | HPC Adjusted EBITDA margin 3M 2024 | 6.6 % | 11 |
| 2024-05-09 | 2024-Q2 | HPC Adjusted EBITDA margin 3M 2023 | -0.7 % | 11 |
| 2024-05-09 | 2024-Q2 | H&G Adjusted EBITDA margin 6M 2024 | 12.2 % | 11 |
| 2024-05-09 | 2024-Q2 | H&G Adjusted EBITDA margin 6M 2023 | 5.7 % | 11 |
| 2024-05-09 | 2024-Q2 | H&G Adjusted EBITDA margin 3M 2024 | 18.2 % | 11 |
| 2024-05-09 | 2024-Q2 | H&G Adjusted EBITDA margin 3M 2023 | 9.8 % | 11 |
| 2024-05-09 | 2024-Q2 | gross profit margin | 38.1 | 12 |
| 2024-05-09 | 2024-Q2 | Gross Profit Margin 6M 2024 | 36.7 % | 11 |
| 2024-05-09 | 2024-Q2 | Gross Profit Margin 6M 2023 | 28.9 % | 11 |
| 2024-05-09 | 2024-Q2 | Gross Profit Margin 3M 2024 | 38.1 % | 11 |
| 2024-05-09 | 2024-Q2 | Gross Profit Margin 3M 2023 | 29.4 % | 11 |
| 2024-05-09 | 2024-Q2 | GPC Adjusted EBITDA margin 6M 2024 | 20.3 % | 11 |
| 2024-05-09 | 2024-Q2 | GPC Adjusted EBITDA margin 6M 2023 | 14.5 % | 11 |
| 2024-05-09 | 2024-Q2 | GPC Adjusted EBITDA margin 3M 2024 | 21.5 % | 11 |
| 2024-05-09 | 2024-Q2 | GPC Adjusted EBITDA margin 3M 2023 | 15.6 % | 11 |
| 2024-05-09 | 2024-Q2 | Cash balance | 746 (USD millions) | 12 |
| 2024-05-09 | 2024-Q2 | Borrowing availability | 490.3 million | 11 |
| 2024-05-09 | 2024-Q2 | Adjusted EBITDA margin 6M 2024 | 13.9 % | 11 |
| 2024-05-09 | 2024-Q2 | Adjusted EBITDA margin 6M 2023 | 6.3 % | 11 |
| 2024-05-09 | 2024-Q2 | Adjusted EBITDA margin 3M 2024 | 15.6 % | 11 |
| 2024-05-09 | 2024-Q2 | Adjusted EBITDA margin 3M 2023 | 7.0 % | 11 |
| 2024-05-09 | 2024-Q2 | Adjusted EBITDA margin (excluding investment income) | 13.3 | 12 |
| 2024-02-08 | 2024-Q1 | borrowing availability | 486.9 million | 9 |
| 2024-02-08 | 2024-Q1 | Total debt outstanding | 1,415 million | 10 |
| 2024-02-08 | 2024-Q1 | Short-term investments | 950 million | 10 |
| 2024-02-08 | 2024-Q1 | Net debt | 19 million | 10 |
| 2024-02-08 | 2024-Q1 | Cash and cash equivalents | 445 million | 10 |
| 2023-11-21 | FY2023 | Adjusted EBITDA Margin HPC | 3.5 % | 8 |
| 2023-11-21 | FY2023 | Adjusted EBITDA Margin H&G | 13.5 % | 8 |
| 2023-11-21 | FY2023 | Adjusted EBITDA Margin Consolidated | 10.4 % | 8 |
| 2023-11-21 | FY2023 | Adjusted EBITDA Margin | 16.7 % | 8 |
| 2023-11-17 | 2023-Q4 | Total debt | 1,574 (USD in millions) | 7 |
| 2023-11-17 | 2023-Q4 | Short-term investments | 1,103.3 (USD in millions) | 7 |
| 2023-11-17 | 2023-Q4 | Net cash position | positive | 7 |
| 2023-11-17 | 2023-Q4 | Cash and cash equivalents | 753.9 (USD in millions) | 7 |
| 2023-08-11 | 2023-Q3 | Organic net sales decrease (three months) | 9.7% | 6 |
| 2023-08-11 | 2023-Q3 | Organic net sales decrease (nine months) | 9.8% | 6 |
| 2023-08-11 | 2023-Q3 | Organic net sales - Total | (9.7)% | 5 |
| 2023-08-11 | 2023-Q3 | Organic net sales - HPC | (14.7)% | 5 |
| 2023-08-11 | 2023-Q3 | Organic net sales - H&G | (6.0)% | 5 |
| 2023-08-11 | 2023-Q3 | Organic net sales - GPC | (6.4)% | 5 |
| 2023-08-11 | 2023-Q3 | Net cash position | 2.9 billion cash and 2.1 billion debt | 6 |
| 2023-08-11 | 2023-Q3 | Debt outstanding | 2,101 (USD in millions) | 6 |
| 2023-08-11 | 2023-Q3 | Cash and cash equivalents | 2,930.2 (USD in millions) | 6 |
| 2023-08-11 | 2023-Q3 | Adjusted EBITDA margin - HPC | 4.1% | 5 |
| 2023-08-11 | 2023-Q3 | Adjusted EBITDA margin - H&G | 20.7% | 5 |
| 2023-08-11 | 2023-Q3 | Adjusted EBITDA margin - GPC | 19.7% | 5 |
| 2023-08-11 | 2023-Q3 | Adjusted EBITDA margin - Consolidated | 13.4% | 5 |
| 2023-05-12 | 2023-Q2 | Total debt outstanding | 3,222 million | 4 |
| 2023-05-12 | 2023-Q2 | Proforma net leverage | 6.3 times | 4 |
| 2023-05-12 | 2023-Q2 | Long-term net leverage target | 2.0 - 2.5 times | 4 |
| 2023-05-12 | 2023-Q2 | Cash balance | 328 million | 4 |
| 2023-05-12 | 2023-Q2 | Adjusted EBITDA margin | 7.0% | 3 |
| 2023-02-10 | 2023-Q1 | Total debt outstanding | 3,315 (USD millions) | 2 |
| 2023-02-10 | 2023-Q1 | Target net leverage long term | 2.0 - 2.5 | 2 |
| 2023-02-10 | 2023-Q1 | net leverage proforma | 6.2 | 2 |
| 2023-02-10 | 2023-Q1 | expected HHI sale proceeds | 4.3 (USD billions) | 2 |
| 2023-02-10 | 2023-Q1 | cash balance | 228 (USD millions) | 2 |
| 2023-02-10 | 2023-Q1 | Borrowing availability | 252.5 million | 1 |
| 2023-02-10 | 2023-Q1 | Adjusted EBITDA margin HPC | 3.6% | 1 |
| 2023-02-10 | 2023-Q1 | Adjusted EBITDA margin H&G | (3.4)% | 1 |
| 2023-02-10 | 2023-Q1 | Adjusted EBITDA margin GPC | 13.4% | 1 |
| 2023-02-10 | 2023-Q1 | Adjusted EBITDA margin | 5.6% | 1 |
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Guidance Tracking (latest per metric/period · 8/12)#
All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.
Actuals: revenue in $m · ratios in %
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2026 | 2026-08-07 | Revenue | Flat to Up Low Single Digits | – | pending | confirmed | 30 |
| FY2026 | 2026-08-07 | EBITDA (adjusted) | Up Mid Single Digits | – | pending | raised | 30 |
| FY2026 | 2026-02-05 | Adjusted Free Cash Flow | ~50% | – | pending | confirmed | 30 |
| FY2026 | 2025-11-13 | Adjusted Free Cash Flow Conversion | ~50% | – | pending | confirmed | 23 |
| FY2025 | 2025-05-08 | Free Cash Flow | ~160 | – | – | confirmed | 22 |
| FY2025 | 2025-02-06 | Revenue | low single-digit growth | 2,809 | – | confirmed | 18 |
| FY2025 | 2025-02-06 | EBITDA (adjusted) | mid to high single-digits | 289.1 | – | confirmed | 18 |
| FY2025 | 2024-11-15 | Adjusted Free Cash Flow | ~50% | – | – | confirmed | 18 |
| FY2024 | 2024-08-08 | Revenue | Relatively flat compared to Fiscal 2023 | 2,963.9 | – | confirmed | 14 |
| FY2024 | 2024-08-08 | EBITDA (adjusted) | ~20% | 371.8 | – | raised | 14 |
| FY2023 | 2023-08-11 | Revenue | decline by mid single-digits | 2,918.8 | – | confirmed | 6 |
| FY2023 | 2023-08-11 | EBITDA (adjusted) | decline by low to mid single-digits | 303.6 | – | confirmed | 6 |
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Development#
A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.
FY2026
In fiscal year 2026, Spectrum Brands Holdings reported a progressive top-line recovery across the three quarters ended July 2026, with nine-month consolidated net sales of $2,139.2 million, up 3.1% year-over-year (29). The first quarter recorded consolidated net sales of $677.0 million, a 3.3% decline with organic net sales down 6.0%, driven by volume declines in H&G and HPC and tariff-related cost pressures, while adjusted EBITDA margin compressed 200 basis points to 9.2% (25). In Q2, consolidated net sales recovered to $708.9 million (+4.9%), marking the first top-line growth since Q1 fiscal 2025, and Spectrum Brands executed a $127 million strategic investment by Oaktree Capital Management in the Home & Personal Care business, with Oaktree acquiring a 24.9% equity stake (28). Q3 net sales rose 7.7% to $753.3 million with organic growth of 6.6%, and adjusted EBITDA more than doubled to $158.3 million, including $60.6 million in one-time IEEPA tariff refunds following a court ruling on their unlawfulness; concurrently, a $104.0 million impairment charge on HPC indefinite-lived intangible assets produced a Q3 net loss of $26.8 million (29). By Q3, the company raised its fiscal 2026 adjusted EBITDA outlook to mid single-digit growth, up from the flat-to-low single-digit framework in place at the start of the year (30).
FY2025
Spectrum Brands Holdings reported FY2025 net sales of $2,809.0 million, a decrease of 5.2% versus the prior year, as volume declines across all three segments – Global Pet Care, Home and Garden, and Home and Personal Care – were compounded by tariff-related supply constraints and softening consumer demand 24. Full-year adjusted EBITDA declined 22.2% to $289.1 million, compressing adjusted EBITDA margin from 12.5% to 10.3%, while gross profit margin contracted 70 basis points to 36.7%, driven by lower volumes, incremental tariffs, and unfavorable product mix 24. The company temporarily paused finished goods imports from China in early calendar 2025 and subsequently diversified its supply chain, with the Home and Personal Care segment most significantly affected given that over 60% of its sales are derived from international markets 24. Adjusted free cash flow for the full year reached $170.7 million, exceeding the communicated $160 million target, and net debt leverage ended at 1.58x adjusted EBITDA, below the long-term target range of 2.0–2.5x 23. In conjunction with full-year results, the company announced a plan to divest the Home and Personal Care business through a sale or spin-off to create two distinct publicly traded companies 24.
FY2024
In fiscal year 2024, Spectrum Brands Holdings net sales rose 1.5% to $2,963.9 million with organic growth of 1.5%, as Home & Garden segment growth of 7.8% organically offset a modest organic decline in Home & Personal Care (−0.3%) and near-flat Global Pet Care (+0.4% organically) 15. Gross profit margin expanded to 37.4% from 31.7%, driven primarily by lower cost inventory entering the year compared to the prior-year period and improved volume 15. Adjusted EBITDA grew 35.2% to $371.8 million, with margin improvements across all three segments, and the company recognized a $65.0 million gain from representation and warranty insurance proceeds related to the Tristar Business acquisition 15. The company repaid $1,349.3 million of senior notes, issued $350.0 million in 3.375% Exchangeable Senior Notes, and ended fiscal 2024 at net debt leverage of 0.56x adjusted EBITDA with total liquidity of $860 million 15 16. Spectrum Brands filed a confidential Form 10 registration statement to pursue the strategic separation of the Home & Personal Care segment and returned $482.7 million to shareholders through share repurchases during the fiscal year 15 16.
FY2023
Spectrum Brands Holdings reported FY2023 consolidated net sales of $2,918.8 million, a decline of 6.8% year over year, as lower volumes across the Global Pet Care, Home and Garden, and Home and Personal Care segments outweighed modest pricing gains, with headwinds from retailer inventory destocking and unfavorable foreign currency throughout the year 8. The full-year operating loss of $205.6 million was substantially driven by $111.1 million in goodwill impairment in the Home and Personal Care reporting unit and $120.7 million in intangible asset impairments, including the Rejuvenate, PowerXL, and George Foreman tradenames 8. The defining corporate event of the fiscal year was the June 20, 2023 completion of the Hardware and Home Improvement segment divestiture to ASSA ABLOY AB for $4.3 billion in cash, which generated a gain of approximately $2.8 billion and drove reported full-year net income of $1,801.9 million 5 8. Post-divestiture proceeds funded repayment of over $1.5 billion in outstanding debt and a $534.7 million share repurchase program via an accelerated share repurchase agreement and open market purchases 8. Fourth-quarter adjusted EBITDA of $113.7 million was the highest quarterly figure of the fiscal year, supported by gross profit improvements, exit of non-core unproductive categories, and interest income on post-divestiture cash balances 7.
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Sources: official investor relations documents#
All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.
48 documents · 2016 – 2026 · SEC EDGAR (USA)
| # | Document type | Published | Link |
|---|---|---|---|
| #1 | 10-Q | 2023-02-10 | Open |
| #2 / #102 | 8-K-EX99.1 | 2023-02-10 | Open |
| #3 | 10-Q | 2023-05-12 | Open |
| #4 / #104 | 8-K-EX99.1 | 2023-05-12 | Open |
| #5 | 10-Q | 2023-08-11 | Open |
| #6 / #106 | 8-K-EX99.1 | 2023-08-11 | Open |
| #7 / #107 | 8-K-EX99.1 | 2023-11-17 | Open |
| #8 | 10-K | 2023-11-21 | Open |
| #9 | 10-Q | 2024-02-08 | Open |
| #10 / #110 | 8-K-EX99.1 | 2024-02-08 | Open |
| #11 | 10-Q | 2024-05-09 | Open |
| #12 / #112 | 8-K-EX99.1 | 2024-05-09 | Open |
| #13 | 10-Q | 2024-08-08 | Open |
| #14 / #114 | 8-K-EX99.1 | 2024-08-08 | Open |
| #15 | 10-K | 2024-11-15 | Open |
| #16 / #116 | 8-K-EX99.1 | 2024-11-15 | Open |
| #17 | 10-Q | 2025-02-06 | Open |
| #18 / #118 | 8-K-EX99.1 | 2025-02-06 | Open |
| #19 | 10-Q | 2025-05-08 | Open |
| #20 / #120 | 8-K-EX99.1 | 2025-05-08 | Open |
| #21 | 10-Q | 2025-08-07 | Open |
| #22 / #122 | 8-K-EX99.1 | 2025-08-07 | Open |
| #23 / #123 | 8-K-EX99.1 | 2025-11-13 | Open |
| #24 | 10-K | 2025-11-18 | Open |
| #25 | 10-Q | 2026-02-05 | Open |
| #26 / #126 | 8-K-EX99.1 | 2026-02-05 | Open |
| #27 | 10-Q | 2026-05-07 | Open |
| #28 / #128 | 8-K-EX99.1 | 2026-05-07 | Open |
| #29 | 10-Q | 2026-08-07 | Open |
| #30 / #130 | 8-K-EX99.1 | 2026-08-07 | Open |
Older sources (+18)
| # | Document type | Published | Link |
|---|---|---|---|
| #201 | 10-Q | 2016-05-09 | Open |
| #202 | 8-K | 2016-08-09 | Open |
| #206 | 8-K | 2016-11-23 | Open |
| #203 | 10-Q | 2017-05-05 | Open |
| #205 | 10-K | 2017-08-04 | Open |
| #208 | 10-K | 2017-11-20 | Open |
| #207 | 10-Q | 2018-05-04 | Open |
| #204 | 10-Q | 2018-08-08 | Open |
| #212 | 10-K | 2018-11-23 | Open |
| #209 | 10-Q | 2019-02-07 | Open |
| #210 | 10-Q | 2019-05-08 | Open |
| #214 | 10-K | 2020-02-04 | Open |
| #213 | 10-Q | 2020-05-05 | Open |
| #211 | 10-Q | 2020-07-31 | Open |
| #218 | 10-K | 2020-11-18 | Open |
| #215 | 10-Q | 2021-02-05 | Open |
| #216 | 10-Q | 2021-05-07 | Open |
| #217 | 10-Q | 2021-08-06 | Open |
FAQ#
Is there a management forecast (guidance) for FY2026?
Yes. Management has issued targets for FY2026, including Revenue. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Where can I find the official investor relations documents of Spectrum Brands Holdings Inc.?
The sources chapter links all 63 original filings used (SEC filings) with type, publication date and a direct link; every figure in the report carries a source number.
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