Spectrum Brands Q4 continuing ops adj EPS $0.38, revenue +2.8%; sees mid-high single-digit sales growth in FY22

Spectrum Brands Holdings, Inc.

2021-FY EPS reported $4.39 revenue$2,998,100,000

Q4 continuing ops net sales $757.8M (+2.8% YoY); organic sales down 3.4% vs strong prior-year quarter.
Q4 continuing ops adj EPS $0.38 (vs $0.39 prior); adjusted EBITDA $79.1M (+8.5%).
Full-year continuing ops net sales $2,998.1M, adj EPS $2.88, operating cash flow $288M.
FY2022 guidance: mid-to-high single-digit sales growth, low single-digit adj EBITDA growth; expects $230-250M additional inflation.
HHI divestiture to ASSA ABLOY for $4.3B on track; regulatory approvals advancing.

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