Spectrum Brands Holdings, Inc. — fact timeline

Spectrum Brands Holdings, Inc. reported the second quarter of fiscal 2026 ended March 29, 2026 results: revenue $708.9 million, net income $22.5 million, EPS $0.96 per share.

“Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today reported results from continuing operations for the second quarter of fiscal 2026 ended March 29, 2026.”

Spectrum Brands Holdings, Inc. updated its fiscal second quarter ended March 31, 2024 guidance (raised).

“On May 9, 2024, the Company issued a press release (the "Earnings Press Release") discussing, among other things, its financial results for its fiscal second quarter ended March 31, 2024.”

Spectrum Brands Holdings, Inc. reported fiscal first quarter ended December 31, 2023 results: revenue $692.2 million, net income $17.5 million, EPS $0.51 per diluted share.

“Spectrum Brands Holdings Reports Fiscal 2024 First Quarter Results • Net Sales Decreased 3.0% Driven by Lower Consumer Demand in North American Small Kitchen Appliances and the Impact of SKU Rationalizations, Offset by Favorable Foreign Currency and Positive Pricing Adjustments • Net Income from Continuing Operations of $17.5 Million and Adjusted EBITDA of $84.3 Million improved by $57.5 million and $44.5 million, respectively • Excluding Investment Income of $23.0 million, Adjusted EBITDA was $61.3 million • Repurchased 3.3 million shares in Q1 for $243 million • Repurchased 11.0 million shares since the close of HHI through today for $826 million • Maintaining Fiscal 2024 Earnings Framework and Continue to Expect Net Sales to Decline Low Single-Digits compared to Prior Year and, Excluding Investment Income, Adjusted EBITDA to Grow High Single-Digits Middleton, WI, February 8, 2024 - Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global brand”

Spectrum Brands Holdings, Inc. reported fiscal 2024 results: revenue Low Single-Digit Net Sales Decline.

“The Company Expects to Deliver Low Single-Digit Net Sales Decline and High Single-Digits Adjusted EBITDA Growth for Fiscal 2024, Excluding the Impact of Investment Income, with Adjusted EBITDA Growth in All Business Units”

Spectrum Brands Holdings, Inc. entered into Second Amended and Restated Credit Agreement with Royal Bank of Canada, as the administrative agent, and the lenders party thereto from time to time valued at $500 million (effective 2023-10-19).

“On October 19, 2023, Spectrum Brands, Inc. (the “Company”) and SB/RH Holdings entered into the Second Amended and Restated Credit Agreement (the “Credit Agreement”), by and among the Company, SB/RH Holdings, Royal Bank of Canada, as the administrative agent, and the lenders party thereto from time to time.”

Spectrum Brands Holdings, Inc. updated its fiscal 2023 third quarter ended July 2, 2023 guidance (reaffirmed).

“Spectrum Brands Holdings Reports Fiscal 2023 Third Quarter Results”

Spectrum Brands Holdings, Inc. shareholders approved Approval of the Company's Amended and Restated 2020 Omnibus Equity Plan at the 2023-08-08 meeting.

“Proposal 5 . The Company’s stockholders approved the Company’s Amended and Restated 2020 Omnibus Equity Plan The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes Approval Percentage 30,737,669 3,082,104 60,736 1,998,017 90.72%”

Spectrum Brands Holdings, Inc. shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-08-08 meeting.

“Proposal 4 . The Company’s stockholders approved, on an advisory basis, the frequency of a future advisory vote on executive compensation of the Company. Based on the results for this proposal, the Company has decided to hold a non-binding advisory vote every year to approve the compensation of the Company's named executive officers until the next required frequency vote. The votes regarding this proposal were as follows: Every Year Every Two Years Every Three Years Abstain Broker Non-Votes Approval Percentage 32,493,614 22,219 1,357,642 7,034 1,998,017 95.93%”

Spectrum Brands Holdings, Inc. shareholders approved Advisory approval of the compensation of the named executive officers at the 2023-08-08 meeting.

“Proposal 3 . The Company’s stockholders approved, on an advisory basis, the compensation of the named executive officers of the Company. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes Approval Percentage 32,271,597 1,575,311 33,601 1,998,017 95.25%”

Spectrum Brands Holdings, Inc. shareholders approved Ratification of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2023 at the 2023-08-08 meeting.

“Proposal 2 . The Company’s stockholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2023. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes Approval Percentage 35,215,114 660,343 3,069 — 98.15%”

Spectrum Brands Holdings, Inc. shareholders approved Election of Class I and Class II directors at the 2023-08-08 meeting.

“Proposal 1 . The Company’s stockholders elected each of the following persons as Class I and Class II directors, as applicable, of the Company for a term of one year and until his successor is elected and qualified. The votes regarding this proposal were as follows: Name For Against Abstain Broker Non-Votes Approval Percentage Sherianne James 32,135,605 1,740,022 4,882 1,998,017 94.86% Leslie L. Campbell 33,446,247 429,249 5,013 1,998,017 98.73% Joan Chow 33,445,872 428,840 5,797 1,998,017 98.73% Gautam Patel 32,421,770 1,453,774 4,965 1,998,017 95.71% Hugh R. Rovit 33,127,289 744,892 8,328 1,998,017 97.80%”

Spectrum Brands Holdings, Inc. entered into ASR Agreement with Goldman Sachs & Co. LLC valued at $500 million (effective 2023-06-20).

“Spectrum Brands Holdings, Inc.’s (the “Company”) entered into an accelerated share repurchase agreement (the “ASR Agreement”) with Goldman Sachs & Co. LLC (the “ASR Counterparty”) to repurchase an aggregate of $500 million of the Company’s common stock”

Spectrum Brands Holdings, Inc. completed a disposition involving ASSA ABLOY AB for $4.3 billion in cash (closed 2023-06-20).

“conditions set forth in the Purchase Agreement, ASSA ABLOY AB will acquire from the Company its Hardware and Home Improvement ("HHI") business for an aggregate purchase price of $4.3 billion in cash, subject to customary purchase price adjustments (the "Transaction"). The foregoing description of the Purchase Agreement does not purport to be complete and is qualified”

Spectrum Brands Holdings, Inc. reported second quarter of fiscal 2023 ended April 2, 2023 results: revenue $ 729.2, net income $75.0 Million, EPS $ (1.83). Guidance lowered.

“Three Month Periods Ended (in millions, except per share and %) April 2, 2023 April 3, 2022 Variance Net sales $ 729.2 $ 807.8 $ (78.6) (9.7) % Gross profit 214.5 255.6 (41.1) (16.1) % Operating loss (77.0) (8.1) (68.9) 850.6 % Net loss from continuing operations (75.0) (25.1) (49.9) 198.8 % Diluted earnings per share from continuing operations $ (1.83) $ (0.61) $ (1.22) 200.0 %”

Spectrum Brands Holdings, Inc. updated its fiscal 2023 guidance (initiated).

“• The Company Expects to Deliver Low Single-Digit Net Sales Growth and Low Double-Digits Adjusted EBITDA Growth for Fiscal 2023 from Continuing Operations, with Adjusted EBITDA Growth in All Business Units”

Spectrum Brands Holdings, Inc. reported fiscal fourth quarter ended September 30, 2022 results: revenue 749.5, net income -24.8, EPS -0.61.

“Net sales $ 749.5 $ 757.8 $ (8.3) (1.1) % Gross profit 239.5 258.2 (18.7) (7.2) % Operating income (loss) 16.4 (4.0) 20.4 n/m Net (loss) income from continuing operations (24.8) 6.1 (30.9) n/m Diluted earnings per share from continuing operations $ (0.61) $ 0.14 $ (0.75) n/m”

Spectrum Brands Holdings, Inc. amended credit facility.

“On November 17, 2022, SBI entered into an amendment (the “Amendment”) to its Amended and Restated Credit Agreement, dated as of June 30, 2020 (the “Credit Agreement”). The Amendment temporarily increases the Credit Agreement’s consolidated net leverage ratio covenant to 7.0 to 1.0 and was entered into to provide SBI with additional time and flexibility in its operations to complete the pending HHI Sale.”

Rebeckah Long departed as Senior Vice President and Chief Human Resources Officer at Spectrum Brands Holdings, Inc..

“On August 30, 2022, the Company entered into a Separation Agreement with Ms. Long (the “Long Agreement”) in connection with the Company terminating Ms. Long’s employment without “cause” in accordance with Ms. Long’s existing Severance Agreement, dated September 9, 2019 (“Long Severance Agreement”).”

Randal D. Lewis departed as Executive Vice President and Chief Operating Officer at Spectrum Brands Holdings, Inc..

“On August 30, 2022, the Company entered into a Separation Agreement with Mr. Lewis (the “Lewis Agreement”) in connection with the Company terminating Mr. Lewis’ employment without “cause” in accordance with Mr. Lewis’ existing Employment Agreement, dated September 9, 2019 (the “Lewis Employment Agreement”).”

Jeremy W. Smeltser changed role as Executive Vice President, Chief Financial Officer at Spectrum Brands Holdings, Inc..

“Effective immediately following Mr. Karpel’s departure, Jeremy W. Smeltser, the Company’s Executive Vice President, Chief Financial Officer, will assume the responsibilities of the role of Chief Accounting Officer.”

Daniel L. Karpel resigned as Chief Accounting Officer at Spectrum Brands Holdings, Inc..

“On July 19, 2022, Daniel L. Karpel notified Spectrum Brands Holdings, Inc. (the “Company”) of his intent to resign, effective August 9, 2022, as Chief Accounting Officer of the Company to pursue another opportunity.”