secwatch.observer — SEC 8-K summary
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Issuer:     Spectrum Brands Holdings, Inc. (SPB)
CIK:        0000109177
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000109177-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectrum Brands Q2 net income $49.9M vs loss prior year; adjusted EBITDA up 120%
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- Net sales $718.5M (-1.5% YoY); net income from continuing ops $49.9M vs ($75.0M) last year.
- Adjusted EBITDA $112.3M, up 120.2% YoY; adjusted EBITDA margin 15.6% (+860bps).
- Gross margin improved 870bps to 38.1% on lower cost inventory and favorable mix.
- Repurchased 1.2M shares for $98M in Q2; new Black & Decker license through 2035.
- FY2024 guidance: net sales relatively flat, adjusted EBITDA (ex-investment income) low double-digit growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109177/000010917724000019/0000109177-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109177/000010917724000019/spb-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000109177-24-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer