earnings
confidence high
sentiment positive
materiality 0.85
Spectrum Brands Q2 net sales +4.9%, adjusted EBITDA +17.8%; partners with Oaktree in HPC
Spectrum Brands Holdings, Inc.
2026-Q2 EPS reported
$2.16
revenue$1,385,900,000
- Net income from continuing operations $22.5M vs $1.8M; adjusted EPS $1.25 vs $0.68.
- Global Pet Care net sales +11.2% (organic +7.6%); Home & Garden +11.3% (organic +11.2%).
- Home & Personal Care net sales -5.5% but adjusted EBITDA +11.0% to $8.1M; Oaktree invests $127M in preferred equity and debt, Spectrum retains ~73%.
- FY2026 adjusted EBITDA guidance raised to low to mid single digit growth; net sales still flat to up low single digits; ~50% adjusted FCF conversion.
- Net debt leverage 1.66x; total liquidity $595.9M with $125.1M cash.