secwatch.observer — SEC 8-K summary
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Issuer:     Spectrum Brands Holdings, Inc. (SPB)
CIK:        0000109177
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0000109177-23-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectrum Brands Q4 net income $53.5M, adj EBITDA $113.7M; guides FY2024 high-single-digit EBITDA growth
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- Net sales $740.7M, down 1.2% YoY; organic net sales down 2.7% excluding FX.
- Adjusted EPS from continuing ops $1.36 vs $0.48 YoY; net income swung from loss of $24.8M to profit $53.5M.
- GPC segment sales +1.6%; H&G +7.2%; HPC -6.3% due to weaker kitchen appliance demand.
- Fiscal 2024 outlook: low single-digit net sales decline, high single-digit adj EBITDA growth; ended year in net cash position.
- Reduced inventory by over $300M; repaid $1.6B debt from HHI sale; targeting long-term net leverage of 2.0-2.5x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109177/000010917723000047/0000109177-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109177/000010917723000047/spb-20231117.htm
  HTML page:      https://secwatch.observer/filing/0000109177-23-000047

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