secwatch.observer — SEC 8-K summary
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Issuer:     Spectrum Brands Holdings, Inc. (SPB)
CIK:        0000109177
Form:       8-K
Filed at:   2021-08-06T23:59:59+00:00
Accession:  0000109177-21-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectrum Brands Q3 net sales up 18.1% to $1.16B; adj EBITDA up 1.8% to $167.4M
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- Net income from cont ops $35.9M vs $137.6M year ago, hit by prior year gains on Energizer stock and debt extinguishment.
- Adjusted EPS from cont ops $1.57, up 15.4% vs $1.36; gross margin down 40 bps on higher freight and input costs.
- HHI segment sales +48.8% to $419M; HPC sales +9.5%, GPC +6.5%, H&G +0.7%.
- Closed Rejuvenate acquisition for ~$300M on May 28; repurchased $10.2M of shares in Q3.
- Reiterated FY2021 guidance: mid-teens net sales and adj EBITDA growth, adj free cash flow $260-280M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109177/000010917721000040/0000109177-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109177/000010917721000040/spb-20210806.htm
  HTML page:      https://secwatch.observer/filing/0000109177-21-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer