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Spectrum Brands Holdings Inc (SPB.N)

SPB.N on New York Stock Exchange

100.87USD
21 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Spectrum Brands Expects 2018 Adjusted EBITDA From Continuing Operations To Be Between $657-$674 Million
6:30am EST 

Feb 22 (Reuters) - Spectrum Brands Holdings Inc ::SPECTRUM BRANDS HOLDINGS INC - EXPECTS FISCAL 2018 ADJUSTED EBITDA FROM CONTINUING OPERATIONS TO BE BETWEEN $657-$674 MILLION.SPECTRUM BRANDS - SEES GETTING $3.6 BILLION-$3.7 BILLION GROSS PROCEEDS BY 2018 END DUE TO PLANS TO DIVEST GLOBAL BATTERIES AND APPLIANCES BUSINESSES.SPECTRUM BRANDS - CONTINUES TO EXPECT 2018 REPORTED NET SALES FROM CONTINUING OPERATIONS TO INCREASE ABOVE CATEGORY RATES FOR MOST CATEGORIES.  Full Article

HRG Group Reports Q1 Earnings Per Share $0.14 From Continuing Operations
Friday, 9 Feb 2018 04:05pm EST 

Feb 9 (Reuters) - HRG Group Inc ::HRG GROUP, INC. REPORTS FISCAL 2018 FIRST QUARTER RESULTS.Q1 EARNINGS PER SHARE $0.14 FROM CONTINUING OPERATIONS.Q1 REVENUE ROSE 7.3 PERCENT TO $646.5 MILLION.RECORDED AN INCOME TAX BENEFIT OF $126.0 MILLION IN QUARTER DUE TO TAX CUTS AND JOBS ACT.‍BELIEVE CO IS WELL-POSITIONED TO TAKE ADVANTAGE OF OPPORTUNITIES THAT MAY BE AVAILABLE TO CO THROUGH REVIEW OF STRATEGIC ALTERNATIVES​.HRG GROUP - ‍STRATEGIC ALTERNATIVES MAY INCLUDE, BUT ARE NOT LIMITED TO, A MERGER, SALE OR OTHER BUSINESS COMBINATION INVOLVING COMPANY AND/OR ASSETS​.‍SPECTRUM BRANDS BOARD FORMED SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS TO REVIEW PROPOSALS INCLUDING COMBINATION OF CO AND SPECTRUM.  Full Article

Spectrum Brands Q1 Sales $646.5 Million
Thursday, 8 Feb 2018 06:30am EST 

Feb 8 (Reuters) - Spectrum Brands Holdings Inc ::SPECTRUM BRANDS HOLDINGS REPORTS FISCAL 2018 FIRST QUARTER RESULTS FROM CONTINUING OPERATIONS.Q1 ADJUSTED EARNINGS PER SHARE $0.38 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE $2.07 FROM CONTINUING OPERATIONS.Q1 SALES ROSE 7.3 PERCENT TO $646.5 MILLION.‍REAFFIRM FISCAL 2018 ADJUSTED FREE CASH FLOW GUIDANCE OF $620-$640 MILLION​.SPECTRUM BRANDS - ‍ACTIVELY MARKETING PERSONAL CARE & SMALL APPLIANCES BUSINESSES IN LIGHT OF INTENTION TO DIVEST GLOBAL BATTERIES & APPLIANCES SEGMENT​.‍EXPECTS FISCAL 2018 REPORTED NET SALES FROM CONTINUING OPERATIONS TO GROW ABOVE CATEGORY RATES FOR MOST CATEGORIES​.SEES 2018 CAPITAL EXPENDITURES ARE EXPECTED TO BE BETWEEN $110 MILLION TO $120 MILLION.Q1 EARNINGS PER SHARE VIEW $0.26, REVENUE VIEW $635.0 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Energizer Says Expects To Generate Annual Run Rate Cost Synergies Of $80 Mln To $100 Mln
Tuesday, 16 Jan 2018 09:15am EST 

Jan 16 (Reuters) - Energizer Holdings Inc ::ENERGIZER CEO SAYS EXPECTS TO GENERATE ANNUAL RUN RATE COST SYNERGIES OF $80 MILLION TO $100 MILLION - CONF CALL.ENERGIZER CFO SAYS WE EXPECT THIS TRANSACTION TO BE HIGHLY SYNERGISTIC AND DRIVE FULL RUN RATE ACCRETION ABOVE 30 PERCENT - CONF CALL.ENERGIZER CFO SAYS WILL BENEFIT FROM INCREMENTAL ANNUAL LEVERAGE FREE CASH FLOW IN EXCESS OF $100 MILLION A YEAR - CONF CALL.ENERGIZER CFO SAYS COMBINED COMPANY WILL HAVE GREATER INTERNATIONAL EXPOSURE THROUGH AN EXPANDED PRESENCE IN EMEA AND LATIN AMERICA - CONF CALL.ENERGIZER CEO SAYS DEAL WILL POSITION US BETTER IN GROWING CHANNELS LIKE E-COMMERCE - CONF CALL.  Full Article

Spectrum Brands Says If Deal Not Completed Under Certain Circumstances, Energizer To Pay Co Termination Fee Of $100 Mln‍​
Tuesday, 16 Jan 2018 08:10am EST 

Jan 16 (Reuters) - Energizer Holdings Inc ::SPECTRUM BRANDS HOLDINGS SAYS IF DEAL NOT COMPLETED UNDER CERTAIN CIRCUMSTANCES, ENERGIZER TO PAY CO TERMINATION FEE OF $100 MILLION - SEC FILING ‍​.  Full Article

Spectrum Brands To Sell Global Battery And Lighting Business To Energizer Holdings For $2.0 Bln In Cash
Tuesday, 16 Jan 2018 06:01am EST 

Jan 16 (Reuters) - Energizer Holdings Inc ::PRESS RELEASE - SPECTRUM BRANDS HOLDINGS ANNOUNCES AGREEMENT TO SELL GLOBAL BATTERY AND LIGHTING BUSINESS TO ENERGIZER HOLDINGS INC FOR $2.0 BILLION IN CASH.SPECTRUM BRANDS - EXPECTS TO USE NET CASH PROCEEDS AFTER TAX AND DEAL COSTS TO REDUCE DEBT, REINVEST IN CORE BUSINESSES.  Full Article

Energizer Holdings Announces Agreement To Buy Spectrum Brands' Global Battery And Portable Lighting Business
Tuesday, 16 Jan 2018 06:00am EST 

Jan 16 (Reuters) - Energizer Holdings Inc ::ENERGIZER HOLDINGS INC ANNOUNCES AGREEMENT TO ACQUIRE SPECTRUM BRANDS HOLDINGS' GLOBAL BATTERY AND PORTABLE LIGHTING BUSINESS.ENERGIZER HOLDINGS INC - DEAL FOR ‍$2.0 BILLION IN CASH​.ENERGIZER - DEAL EXPECTED TO DELIVER MODEST ACCRETION TO ENERGIZER'S ADJUSTED EARNINGS PER SHARE AND FREE CASH FLOW IN FIRST YEAR.ENERGIZER - TO FUND DEAL THROUGH COMBINATION OF EXISTING CASH AND COMMITTED DEBT FACILITIES, EXPECTED TO CONSIST OF A NEW TERM LOAN AND SENIOR NOTES.  Full Article

Spectrum Brands Confirms It Received A New Proposal For Potential Transaction With HRG Group
Wednesday, 20 Dec 2017 08:22am EST 

Dec 20 (Reuters) - Spectrum Brands Holdings Inc ::SPECTRUM BRANDS HOLDINGS - CONFIRMED IT HAS RECEIVED A NEW PROPOSAL REGARDING A POTENTIAL TRANSACTION WITH HRG GROUP, INC..SPECTRUM BRANDS HOLDINGS INC SAYS CONFIRMED HRG REQUESTED ADDITION OF 2 HRG APPOINTEES TO SPECTRUM BRANDS BOARD OF DIRECTORS - SEC FILING.SPECTRUM BRANDS HOLDINGS INC - CONFIRMED HRG REQUESTED ADDITION OF 3 HRG APPOINTEES TO BOARD'S NOMINATING AND CORPORATE GOVERNANCE COMMITTEE.  Full Article

Spectrum brands Q4 adjusted earnings per share $1.35
Thursday, 16 Nov 2017 06:30am EST 

Nov 16 (Reuters) - Spectrum Brands Holdings Inc :Spectrum Brands Holdings reports solid fiscal 2017 fourth quarter results, announces projects Alpha and Ignite to further support long-term growth ambitions.Q4 adjusted earnings per share $1.35.Q4 earnings per share $1.63.Q4 sales $1.32 billion versus I/B/E/S view $1.3 billion.Q4 earnings per share view $1.47 -- Thomson Reuters I/B/E/S.Spectrum Brands Holdings Inc - ‍fiscal 2018 adjusted free cash flow is projected to be approximately $620-$640 million​.Says ‍capital expenditures are expected to be between $110 million to $120 million for FY18​.Spectrum Brands Holdings - for FY18 ‍anticipates positive impact from foreign exchange of approximately 160 -180 basis points based upon current rates​.Spectrum Brands Holdings Inc - ‍expects fiscal 2018 reported net sales to grow above category rates for most categories​.  Full Article

Spectrum Brands Holdings reaffirms fiscal 2017 guidance at Deutsche Bank Leveraged Finance Conference
Tuesday, 3 Oct 2017 06:30am EDT 

Oct 3 (Reuters) - Spectrum Brands Holdings Inc : :Spectrum Brands Holdings to reaffirm fiscal 2017 guidance at Deutsche Bank Leveraged Finance Conference on Tuesday.  Full Article

BRIEF-Spectrum Brands Expects 2018 Adjusted EBITDA From Continuing Operations To Be Between $657-$674 Million

* SPECTRUM BRANDS HOLDINGS INC - EXPECTS FISCAL 2018 ADJUSTED EBITDA FROM CONTINUING OPERATIONS TO BE BETWEEN $657-$674 MILLION