Quarterly ResultMay 7, 2026, 10:06 AM
Spectrum Brands Q3 Net Sales $708.9M; EPS $0.94
AI Summary
Spectrum Brands Holdings, Inc. reported a significant increase in net income and diluted EPS for the three and six months ended March 29, 2026. Quarterly net sales rose by 4.9% to $708.9 million, while diluted EPS surged to $0.94 from $0.03 in the prior year. The company also saw a substantial improvement in cash flow from operating activities, moving from a net use to a net provision of cash, and continued with restructuring initiatives.
Key Highlights
- Net sales for the three months ended March 29, 2026, increased 4.9% to $708.9 million.
- Diluted EPS for the quarter was $0.94, a significant rise from $0.03 in the prior year.
- Net income attributable to controlling interest for the quarter was $22.1 million, up from $0.9 million.
- Cash provided by operating activities for the six months ended March 29, 2026, was $77.6 million.
- Global Pet Care (GPC) segment revenue increased to $299.3 million for the quarter.
- Home & Garden (H&G) segment revenue rose to $169.5 million for the quarter.
- Home & Personal Care (HPC) segment revenue decreased to $240.1 million for the quarter.
- Restructuring charges for the quarter totaled $3.8 million, primarily for termination benefits.