secwatch.observer — SEC 8-K summary
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Issuer:     Spectrum Brands Holdings, Inc. (SPB)
CIK:        0000109177
Form:       8-K
Filed at:   2022-02-04T23:59:59+00:00
Accession:  0000109177-22-000002
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectrum Brands reports Q1 net loss; acquires Tristar for $325M cash
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- Acquires Tristar home appliances/cookware for $325M cash at close, up to $125M earnouts; close expected within 90 days.
- Q1 net loss from continuing ops $30.2M vs profit $15.7M YoY; adjusted EBITDA $49.3M, down 53.4%.
- Net sales $757.2M +2.9% YoY; organic +1.6%; supply chain and inflation pressures reported.
- Inflation expectation raised to $310-330M; maintains FY22 framework of mid-to-high single-digit sales growth.
- HPC adj. EBITDA margin 7.2% (-620bps); GPC 12.8% (-670bps); H&G negative; share repurchases $110M in quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109177/000010917722000002/0000109177-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109177/000010917722000002/spb-20220204.htm
  HTML page:      https://secwatch.observer/filing/0000109177-22-000002

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