earnings
confidence high
sentiment positive
materiality 0.80
Spectrum Brands Q4 sales up 4.5%; FY adj EBITDA ex-investment income grew >20%, dividend up 12%
Spectrum Brands Holdings, Inc.
2024-FY EPS reported
$4.10
revenue$2,963,900,000
- Q4 net sales $773.7M (+4.5% YoY; organic +4.8%); net income $12.8M; adj EBITDA $68.9M (incl $25.9M brand investments).
- FY adj EBITDA $371.8M; excluding $52.7M investment income, adj EBITDA grew >20% despite $61.6M brand investments; net income $99.3M.
- Operating cash flow $162.6M; adj free cash flow $176.6M; returned $482.7M to shareholders via share repurchases in FY2024.
- Increased quarterly dividend 12% to $0.47; annualized yield ~2%; $402.7M remains under share repurchase program.
- FY2025 guidance: low single-digit net sales growth, mid-to-high single-digit adj EBITDA growth; ~50% adj EBITDA to adj free cash flow.