secwatch.observer — SEC 8-K summary
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Issuer:     Spectrum Brands Holdings, Inc. (SPB)
CIK:        0000109177
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000109177-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109177/000010917724000010/0000109177-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109177/000010917724000010/spb-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000109177-24-000010

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