---
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"
generated_at: "2026-06-15T02:08:24.978386+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spectrum Brands Q2 net loss $75M; HHI sale to ASSA ABLOY for $4.3B on track by June

## Summary
- 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.

## SEC filing metadata
- 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
- 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/109177/000010917723000017/0000109177-23-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109177/000010917723000017/spb-20230512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109177-23-000017
- JSON: https://secwatch.observer/filing/0000109177-23-000017.json
- Plain text: https://secwatch.observer/filing/0000109177-23-000017.txt

## Key facts
- Earnings Releases
  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.
  - Period: second quarter of fiscal 2023 ended April 2, 2023
  - Revenue: $ 729.2
  - Net income: $75.0 Million
  - EPS: $ (1.83)
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109177/000010917723000017/0000109177-23-000017-index.htm

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