---
schema_version: "secwatch.filing_event.v1"
accession: "0000109177-22-000031"
form_type: "8-K"
ticker: "SPB"
cik: "0000109177"
company_name: "Spectrum Brands Holdings, Inc."
filed_at: "2022-11-18T23:59:59+00:00"
generated_at: "2026-06-21T15:38:03.354760+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spectrum Brands reports Q4 net loss $24.8M; adjusted EBITDA down 5.6%; guides low-single-digit sales growth for FY23

## Summary
- Net sales $749.5M, -1.1% YoY; organic sales down 7.3% due to retailer destocking and unfavorable FX.
- Net loss from continuing ops $24.8M ($0.61 diluted EPS loss); adjusted EPS $0.48 vs $0.38 prior year.
- Adjusted EBITDA from continuing ops $74.7M, -5.6% YoY; H&G segment down 48.4% due to weather and demand softness.
- FY23 guidance: low single-digit net sales growth, low double-digit adjusted EBITDA growth; expect $4.3bn HHI sale by June 2023.
- Credit agreement amended to temporarily raise net leverage covenant to 7.0x from 6.0x through HHI closing.

## SEC filing metadata
- accession: 0000109177-22-000031
- form_type: 8-K
- ticker: SPB
- cik: 0000109177
- company_name: Spectrum Brands Holdings, Inc.
- filed_at: 2022-11-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109177/000010917722000031/0000109177-22-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109177/000010917722000031/spb-q4f22x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109177-22-000031
- JSON: https://secwatch.observer/filing/0000109177-22-000031.json
- Plain text: https://secwatch.observer/filing/0000109177-22-000031.txt

## Key facts
- Debt Financings
  Spectrum Brands Holdings, Inc. amended credit facility.
  - Instrument: credit facility
  - Event: amendment
  source text: On November 17, 2022, SBI entered into an amendment (the “Amendment”) to its Amended and Restated Credit Agreement, dated as of June 30, 2020 (the “Credit Agreement”). The Amendment temporarily increases the Credit Agreement’s consolidated net leverage ratio covenant to 7.0 to 1.0 and was entered into to provide SBI with additional time and flexibility in its operations to complete the pending HHI Sale.
  evidence_url: https://www.sec.gov/Archives/edgar/data/109177/000010917722000031/0000109177-22-000031-index.htm
- Earnings Releases
  Spectrum Brands Holdings, Inc. reported fiscal fourth quarter ended September 30, 2022 results: revenue 749.5, net income -24.8, EPS -0.61.
  - Period: fiscal fourth quarter ended September 30, 2022
  - Revenue: 749.5
  - Net income: -24.8
  - EPS: -0.61
  - Result: reported results
  source text: Net sales $ 749.5 $ 757.8 $ (8.3) (1.1) % Gross profit 239.5 258.2 (18.7) (7.2) % Operating income (loss) 16.4 (4.0) 20.4 n/m Net (loss) income from continuing operations (24.8) 6.1 (30.9) n/m Diluted earnings per share from continuing operations $ (0.61) $ 0.14 $ (0.75) n/m
  evidence_url: https://www.sec.gov/Archives/edgar/data/109177/000010917722000031/0000109177-22-000031-index.htm
- Earnings Releases
  Spectrum Brands Holdings, Inc. updated its fiscal 2023 guidance (initiated).
  - Period: fiscal 2023
  - Guidance: initiated
  - Result: guidance update
  source text: • The Company Expects to Deliver Low Single-Digit Net Sales Growth and Low Double-Digits Adjusted EBITDA Growth for Fiscal 2023 from Continuing Operations, with Adjusted EBITDA Growth in All Business Units
  evidence_url: https://www.sec.gov/Archives/edgar/data/109177/000010917722000031/0000109177-22-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.