secwatch.observer — SEC 8-K summary
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Issuer:     Spectrum Brands Holdings, Inc. (SPB)
CIK:        0000109177
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0000109177-22-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109177/000010917722000011/0000109177-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109177/000010917722000011/spb-20220506.htm
  HTML page:      https://secwatch.observer/filing/0000109177-22-000011

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