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Last $97.68 USD
Change Today +1.33 / 1.38%
Volume 160.4K
As of 4:15 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

spectrum brands holdings inc (SPB) Snapshot

Open
$96.96
Previous Close
$96.35
Day High
$98.21
Day Low
$96.16
52 Week High
08/5/15 - $106.55
52 Week Low
10/15/14 - $81.03
Market Cap
5.8B
Average Volume 10 Days
262.9K
EPS TTM
$4.73
Shares Outstanding
59.5M
EX-Date
08/14/15
P/E TM
20.7x
Dividend
$1.32
Dividend Yield
1.32%
Current Stock Chart for SPECTRUM BRANDS HOLDINGS INC (SPB)

spectrum brands holdings inc (SPB) Related Businessweek News

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spectrum brands holdings inc (SPB) Details

Spectrum Brands Holdings, Inc., together with its subsidiaries, operates as a consumer products company worldwide. The company operates through Global Batteries & Appliances, Global Pet Supplies, Home and Garden Business, and Hardware & Home Improvement segments. It designs, manufactures, and markets consumer batteries, including alkaline and zinc carbon batteries, rechargeable batteries and chargers, hearing aid batteries, other specialty batteries, and portable lighting products; pet supplies comprising aquatic equipment and supplies, dog and cat treats, small animal foods, clean up and training aids, health and grooming products, and beddings; and home and garden control products consisting of household insect controls, insect repellents, and herbicides. The company also offers electric shaving and grooming devices; small appliances, such as small kitchen appliances and home product appliances; electric personal care and styling devices; and hardware and home improvement products comprising residential locksets, and builders hardware and plumbing products. Spectrum Brands Holdings, Inc. sells its products through various trade channels, including retailers, wholesalers and distributors, hearing aid professionals, industrial distributors, and original equipment manufacturers primarily under the Rayovac, Remington, VARTA, Tetra, 8IN1, Dingo, Nature’s Miracle, Wild Harvest, Marineland, FURminator, Spectracide, Cutter, Hot Shot, Garden Safe, Repel, George Foreman, Russell Hobbs, Farberware, Toastmaster, Black & Decker, Kwikset, Weiser, Baldwin, National Hardware, and Pfister brand names, as well as IAMSA and EukanubaA brands. The company is headquartered in Middleton, Wisconsin. Spectrum Brands Holdings, Inc. is a subsidiary of Harbinger Group Inc.

13,400 Employees
Last Reported Date: 11/21/14

spectrum brands holdings inc (SPB) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $452.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $890.8K
Senior Vice President, General Counsel, Secre...
Total Annual Compensation: $372.9K
Compensation as of Fiscal Year 2014.

spectrum brands holdings inc (SPB) Key Developments

Spectrum Brands Holdings, Inc. Announces Executive Changes

Spectrum Brands Holdings, Inc. announced that Phil Szuba, has been appointed Senior Vice President & General Manager and will lead its Hardware & Home Improvement (HHI) division. Mr. Szuba will succeed Gregory J. Gluchowski, who has announced his resignation from the Company, effective September 4, to accept a senior leadership position with another company. Mr. Szuba joined HHI in May 2008 as Vice President, Engineering and was promoted Senior Vice President, Global Technology and Operations in January 2014. Prior to joining HHI, he served as Director and General Manager of Avdel North America for Avdel Fastening Systems, a unit of Acument Global Technologies.

Spectrum Brands Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 29, 2014; Retires Unaudited Earnings Guidance for Fiscal Year Ending September 30, 2015

Spectrum Brands Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 29, 2014. For the quarter, the company reported net sales of $1.25 billion, increased 10.5% compared to $1.13 billion last year. Excluding the negative impact of $63.6 million of foreign exchange, as well as acquisition sales of $140.4 million, organic sales increased 3.7% from the prior year. Net income was $44.9 million and diluted earnings per share was $0.79 compared to net income of $78.0 million and diluted earnings per share of $1.47 in fiscal 2014. Adjusted EBITDA was $236.2 million increased 16.8% compared to $202.3 in fiscal 2014. Operating income was $135.7 million against $148.7 million a year ago. Income from operations before income taxes was $21.1 million against $98.6 million a year ago. Capital expenditures were $19.6 million against $14.1 million a year ago. Diluted income per share, as adjusted was $1.42 against $1.30 a year ago. Adjusted EBIT was $175.5 million against $152.3 million a year ago. For the nine months, the company reported net sales of $3.38 billion, increased 4.0% compared to $3.25 billion for the same period in fiscal 2014. Excluding the negative impact of $156.1 million of foreign exchange, as well as acquisition sales of $222.1 million, net sales in the nine months of fiscal 2015 increased 2.0% from the prior year. Net income was $122.5 million, or $2.26 diluted income per share against net income of $166.2 million, or $3.14 diluted income per share a year ago. Adjusted EBITDA was $571.2 million compared to $537.5 million for the nine months of fiscal 2014. Operating income was $339.7 million against $366.3 million a year ago. Income from operations before income taxes was $127.6 million against $210.2 million a year ago. Net cash used by operating activities was $159.2 million against $49.2 million a year ago. Purchases of property, plant and equipment was $49.5 million against $50.9 million a year ago. Diluted income per share, as adjusted was $3.20 against $3.11 a year ago. Adjusted EBIT was $412.2 against $392.4 million a year ago. The company reiterated unaudited expectations for fiscal year ending September 30, 201, net sales, as reported, to increase in the mid-single digit range compared to fiscal 2014, including the positive impact of the acquisitions of Tell Manufacturing on October 1, 2014, the European pet food business on December 31, 2014, Salix Animal Health on January 16, 2015 and Armored AutoGroup on May 21, 2015, along with an anticipated negative impact from foreign exchange of approximately 500 to 600 basis points based on current spot rates. Fiscal 2015 free cash flow is projected to be up to $440 million compared to $359 million in fiscal 2014. Capital expenditures, which were $73 million in fiscal 2014, are expected to be in the range of $75 million to $85 million. These incremental investments are expected to increase both the company’s margin structure and accelerate its organic sales growth rate in future years. The company expects net cash provided from operating activities, as adjusted between $515 million to $525 million. The company's 2015 effective tax rate is expected to be between 10% and 15% compared to 21.6% last year.

Spectrum Brands Holdings, Inc. Announces Amendment to the By-Laws

On July 28, 2015, the board of directors of Spectrum Brands Holdings, Inc. amended the company's second amended and restated by-laws by adding a new Section 6.8 to the by-laws to designate the Delaware Court of Chancery as the sole and exclusive forum for any derivative action or proceeding brought on behalf of the company, any action asserting a claim of breach of fiduciary duty owed by any director, officer, employee, or agent of the company to the company or the company's stockholders, any action asserting a claim pursuant to any provision of the Delaware General Corporation law or the company's certificate of incorporation or by-laws, or any action asserting a claim governed by the internal affairs doctrine. The foregoing by-laws amendment became effective on the date of its adoption by the board of directors.

 

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