---
schema_version: "secwatch.filing_event.v1"
accession: "0000109177-23-000009"
form_type: "8-K"
ticker: "SPB"
cik: "0000109177"
company_name: "Spectrum Brands Holdings, Inc."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T17:31:38.545905+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spectrum Brands reports Q1 net loss $40M, adjusted EBITDA $39.8M, HHI sale on track for $4.3B

## Summary
- Net sales $713.3M, down 5.8% YoY; net loss from continuing ops $40.0M vs $30.2M loss prior year.
- Adjusted EBITDA $39.8M vs $49.3M prior year; adjusted EPS -$0.32 vs -$0.06 prior year.
- HHI divestiture expected to close by end of June 2023, yielding $4.3B cash proceeds.
- Amended credit agreement temporarily raises max leverage ratio to 7.0x until HHI close or Sep 2023.
- Fiscal 2023 guidance: net sales expected flat YoY; still targeting low double-digit adjusted EBITDA growth.

## SEC filing metadata
- accession: 0000109177-23-000009
- form_type: 8-K
- ticker: SPB
- cik: 0000109177
- company_name: Spectrum Brands Holdings, Inc.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109177/000010917723000009/0000109177-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109177/000010917723000009/spb-20230210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109177-23-000009
- JSON: https://secwatch.observer/filing/0000109177-23-000009.json
- Plain text: https://secwatch.observer/filing/0000109177-23-000009.txt

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