{"schema_version":"secwatch.filing_event.v1","accession":"0000109177-23-000017","form_type":"8-K","ticker":"SPB","cik":"0000109177","company_name":"Spectrum Brands Holdings, Inc.","filed_at":"2023-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.912845+00:00","generated_at":"2026-06-15T02:08:24.978386+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Spectrum Brands Q2 net loss $75M; HHI sale to ASSA ABLOY for $4.3B on track by June","bullets":["Net sales down 9.7% to $729.2M; net loss from continuing ops $75M vs $25.1M loss last year.","Adjusted EBITDA from continuing ops $51M, down 35.4% from $79M.","HHI divestiture to ASSA ABLOY for $4.3B expected to close no later than end of June 2023; DOJ lawsuit resolved.","Updates FY2023 guidance: net sales decline mid single-digits, adjusted EBITDA down low to mid single-digits.","Inventory reduced $170M in quarter; cash $328M, debt $3.22B."],"urls":{"canonical":"https://secwatch.observer/filing/0000109177-23-000017","json":"https://secwatch.observer/filing/0000109177-23-000017.json","markdown":"https://secwatch.observer/filing/0000109177-23-000017.md","text":"https://secwatch.observer/filing/0000109177-23-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109177/000010917723000017/0000109177-23-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109177/000010917723000017/spb-20230512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T02:08:24.978386+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"84c576e3b31b9190c0acb099b5d08b13650b2cb6","claim":"Spectrum Brands Holdings, Inc. reported second quarter of fiscal 2023 ended April 2, 2023 results: revenue $ 729.2, net income $75.0 Million, EPS $ (1.83). Guidance lowered.","evidence_excerpt":"Three Month Periods Ended (in millions, except per share and %) April 2, 2023 April 3, 2022 Variance Net sales $ 729.2 $ 807.8 $ (78.6) (9.7) % Gross profit 214.5 255.6 (41.1) (16.1) % Operating loss (77.0) (8.1) (68.9) 850.6 % Net loss from continuing operations (75.0) (25.1) (49.9) 198.8 % Diluted earnings per share from continuing operations $ (1.83) $ (0.61) $ (1.22) 200.0 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109177/000010917723000017/0000109177-23-000017-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal 2023 ended April 2, 2023"},{"label":"Revenue","value":"$ 729.2"},{"label":"Net income","value":"$75.0 Million"},{"label":"EPS","value":"$ (1.83)"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}