---
schema_version: "secwatch.filing_event.v1"
accession: "0000109177-23-000037"
form_type: "8-K"
ticker: "SPB"
cik: "0000109177"
company_name: "Spectrum Brands Holdings, Inc."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T13:50:23.457550+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Spectrum Brands closes $4.3B HHI sale, Q3 adj EBITDA up 23% to $98.5M

## Summary
- Completed sale of HHI for $4.3B cash; net proceeds $3.8B after tax and fees.
- Ended Q3 with net cash: $2.9B cash vs $2.1B debt; repaid $1.55B debt, entered $500M ASR.
- Net sales $735.5M, down 10.1% YoY; organic sales down 9.7%.
- Net loss from continuing ops $172.2M vs prior year income $3.0M; adjusted EPS $0.75 vs $0.54.
- Guidance: FY23 net sales decline mid single-digits; adj EBITDA excl investment income down low to mid single-digits.

## SEC filing metadata
- accession: 0000109177-23-000037
- form_type: 8-K
- ticker: SPB
- cik: 0000109177
- company_name: Spectrum Brands Holdings, Inc.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109177/000010917723000037/0000109177-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109177/000010917723000037/spb-20230811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109177-23-000037
- JSON: https://secwatch.observer/filing/0000109177-23-000037.json
- Plain text: https://secwatch.observer/filing/0000109177-23-000037.txt

## Key facts
- Earnings Releases
  Spectrum Brands Holdings, Inc. updated its fiscal 2023 third quarter ended July 2, 2023 guidance (reaffirmed).
  - Period: fiscal 2023 third quarter ended July 2, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: Spectrum Brands Holdings Reports Fiscal 2023 Third Quarter Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/109177/000010917723000037/0000109177-23-000037-index.htm

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