Spectrum Brands (SPB) Tops Q2 EPS by 94c, updates outlook

Spectrum Brands (NYSE: SPB) reported Q2 EPS of $1.62, $0.94 better than the analyst estimate of $0.68. Revenue for the quarter came in at $718.5 million versus the consensus estimate of $708.54 million.

Fiscal 2024 Earnings Framework

Spectrum Brands now expects reported net sales to be relatively flat to Fiscal 2023. Fiscal 2024 Adjusted EBITDA, excluding investment income, is expected to increase by low double-digits.

The Company continues to target a long-term net leverage ratio of 2.0 - 2.5 times after full deployment of HHI sale proceeds.

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

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