Spectrum Brands Q2 net loss $25.1M; adjusted EBITDA down 26.5%; updates FY guidance

Spectrum Brands Holdings, Inc.

2022-Q2 EPS reported $0.59 revenue$1,565,000,000

Net sales +6.2% to $807.8M; organic +2.0% despite supply chain disruptions.
Net loss from continuing ops $25.1M vs $4.6M loss a year ago; adjusted EPS $0.41.
Adjusted EBITDA $79M, down 26.5% YoY; margins pressured by inflation ahead of pricing.
Updates FY2022 framework: mid-to-high teens net sales growth, mid single-digit EBITDA growth.
Tristar acquisition added $49.1M in sales; HHI sale to ASSA ABLOY for $4.3B on track.

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