secwatch.observer — SEC 8-K summary
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Issuer:     Spectrum Brands Holdings, Inc. (SPB)
CIK:        0000109177
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0000109177-24-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spectrum Brands Q4 sales up 4.5%; FY adj EBITDA ex-investment income grew >20%, dividend up 12%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109177/000010917724000044/0000109177-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109177/000010917724000044/spb-20241115.htm
  HTML page:      https://secwatch.observer/filing/0000109177-24-000044

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