---
schema_version: "secwatch.filing_event.v1"
accession: "0000109177-24-000010"
form_type: "8-K"
ticker: "SPB"
cik: "0000109177"
company_name: "Spectrum Brands Holdings, Inc."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:17:44.087380+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Spectrum Brands Q1 Adj. EBITDA surges 112% to $84.3M; net sales down 3%; maintains FY24 guidance

## Summary
- Net sales $692.2M (-3.0% YoY); organic sales down 4.6% on weak small kitchen appliance demand and SKU exits.
- Net income from continuing ops $17.5M vs prior-year loss of $40.0M; diluted EPS $0.51 vs -$0.99.
- Adjusted EBITDA $84.3M (+111.8% YoY); excludes $23M investment income, adjusted EBITDA was $61.3M.
- Repurchased 3.3M shares for $243M in Q1; total 11M shares for $826M since HHI sale close.
- Fiscal 2024 framework maintained: net sales low single-digit decline; adj. EBITDA (ex-investment income) high single-digit growth.

## SEC filing metadata
- accession: 0000109177-24-000010
- form_type: 8-K
- ticker: SPB
- cik: 0000109177
- company_name: Spectrum Brands Holdings, Inc.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/109177/000010917724000010/0000109177-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109177/000010917724000010/spb-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109177-24-000010
- JSON: https://secwatch.observer/filing/0000109177-24-000010.json
- Plain text: https://secwatch.observer/filing/0000109177-24-000010.txt

## Key facts
- Earnings Releases
  Spectrum Brands Holdings, Inc. reported fiscal first quarter ended December 31, 2023 results: revenue $692.2 million, net income $17.5 million, EPS $0.51 per diluted share.
  - Period: fiscal first quarter ended December 31, 2023
  - Revenue: $692.2 million
  - Net income: $17.5 million
  - EPS: $0.51 per diluted share
  - Result: reported results
  source text: Spectrum Brands Holdings Reports Fiscal 2024 First Quarter Results • Net Sales Decreased 3.0% Driven by Lower Consumer Demand in North American Small Kitchen Appliances and the Impact of SKU Rationalizations, Offset by Favorable Foreign Currency and Positive Pricing Adjustments • Net Income from Continuing Operations of $17.5 Million and Adjusted EBITDA of $84.3 Million improved by $57.5 million and $44.5 million, respectively • Excluding Investment Income of $23.0 million, Adjusted EBITDA was $61.3 million • Repurchased 3.3 million shares in Q1 for $243 million • Repurchased 11.0 million shares since the close of HHI through today for $826 million • Maintaining Fiscal 2024 Earnings Framework and Continue to Expect Net Sales to Decline Low Single-Digits compared to Prior Year and, Excluding Investment Income, Adjusted EBITDA to Grow High Single-Digits Middleton, WI, February 8, 2024 - Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global brand
  evidence_url: https://www.sec.gov/Archives/edgar/data/109177/000010917724000010/0000109177-24-000010-index.htm

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