Spectrum Brands (SPB) Misses Q3 EPS by 23c, Miss on Revenues

Spectrum Brands (NYSE: SPB) reported Q3 EPS of $1.71, $0.23 worse than the analyst estimate of $1.94. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.38 billion.

Fiscal 2017 Outlook

Spectrum Brands expects fiscal 2017 reported net sales to grow above category rates for most categories, along with an anticipated negative impact from foreign exchange of approximately 70 to 90 basis points.

Fiscal 2017 adjusted free cash flow is projected to be approximately $575-$590 million compared to $535 million in fiscal 2016. Capital expenditures are expected to be in the range of $105 million to $115 million, including rollover spending from fiscal 2016. These incremental investments will support footprint optimization, vertical integration improvements, technology and innovation and are expected to enhance the Company’s margin structure and organic net sales growth rate.

For earnings history and earnings-related data on Spectrum Brands (SPB) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Pfizer lung cancer drug misses survival goal in Phase 3 trial
• AeroVironment restates quarterly financials, citing $89M goodwill error