Spectrum Brand Holdings, Inc.
 (SPB)

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  • Tue, Feb. 2, 6:54 AM
    • Spectrum Brand (NYSE:SPB) reports organic sales rose 6.3% in FQ1.
    • Segment sales: Global Batteries & Appliances: $611.3M (-4%); Hardware & Home Improvement: $282.7M (+4.2%); Global Pet Supplies: $203.4M (+68.7%); Home and Garden: $47.7M (+20.8%); Global Auto Care: $73.7M.
    • Gross margin rate improved 150 bps to 36.2%  primarily due to the impact of acquisitions and improved mix.
    • Operating margin rate grew 90 bps to 11.7%.
    • Adjusted EBITDA increased 17.8% to $207.1M.
    • FY2016 Guidance: Net sales: to increase in the high-single digit range Y/Y; Free cash flow: ~$505M to $515M; Capex: $110M to $120M.
    | Tue, Feb. 2, 6:54 AM
  • Tue, Feb. 2, 6:33 AM
    • Spectrum Brand (NYSE:SPB): FQ1 EPS of $1.01 misses by $0.07.
    • Revenue of $1.22B (+14.0% Y/Y) beats by $20M.
    • Press Release
    | Tue, Feb. 2, 6:33 AM
  • Mon, Feb. 1, 5:30 PM
    | Mon, Feb. 1, 5:30 PM | 9 Comments
  • Thu, Jan. 28, 4:32 PM
    • Spectrum Brand (NYSE:SPB) declares $0.38/share quarterly dividend, 15.2% increase from prior dividend of $0.33.
    • Forward yield 1.65%
    • Payable March 8; for shareholders of record Feb. 16; ex-div Feb. 11.
    | Thu, Jan. 28, 4:32 PM | 1 Comment
  • Thu, Jan. 28, 10:07 AM
    • A warning from the World Health Organization on the Zika virus spreading rapidly in the Americas is creating a stir.
    • "The level of alarm is extremely high," said WHO director general Dr. Margarat Chan.
    • The outbreak is of a particular concern in Brazil where the Summer Olympics are due to be held in August. Some airlines (LFL, GOL) could be impacted negatively.
    • If Zika spreads closer to the U.S., sales of mosquito-related products could soar at companies such as Spectrum Brands (SPB +1.3%), Home Depot (HD +0.1%), Lowe's (LOW), and S.C. Johnson  (similar to how cases of Ebola in the U.S. led to big sales gains at Clorox an Grainger on disinfectants).
    | Thu, Jan. 28, 10:07 AM | 5 Comments
  • Fri, Jan. 8, 8:00 AM
    • Jefferies boosts its rating on Spectrum Brands (NYSE:SPB) to Buy from Hold on its view that organic sales and margin trends are on the mend.
    • The investment firm thinks Spectrum's pet business and battery businesses are nicely positioned to grow and sees upside potential for the auto care operations in Latin America.
    • Jefferies has a street high price target of $134 on SPB, implying 37% upside from yesterday's close of $97.73.
    | Fri, Jan. 8, 8:00 AM
  • Dec. 14, 2015, 10:02 AM
    • Shares of Newell Rubbermaid (NYSE:NWL) fall 5% after the company formally announces a merger with Jarden (JAH +4%). The price tag may have been slightly higher than anticipated.
    • The merger will create a $16B consumer goods juggernaut called Newell Brands which could have broad implications across the sector.
    • Within the consumer products sector, there are marginal gains today for NACCO Industries (NC +1%), Spectrum Brands (SPB +0.6%), Stanley Black & Decker (SWK +0.4%), Clorox (CLX +0.5%), Kimberly-Clark (KMB +1.6%), and Danagher (DHR +0.2%) after the big merger announcement.
    • Previously: Newell Rubbermaid and Jarden agree to combine (Dec. 14 2015)
    | Dec. 14, 2015, 10:02 AM
  • Dec. 4, 2015, 1:37 PM
    • Investors are buying back into consumer staples and consumer discretionary names, while tip-toeing around major chains such as Wal-Mart, Target, Best Buy, and Macy's. Some sin stocks are part of the rally.
    • Lower oil prices, today's read on U.S. employment, and a few key earnings report have helped to increase confidence that consumers will spend more on low-priced items. Notable movers by category are below.
    • Nondurable household products: Scott's Liquid Gold-Inc (OTCPK:SLGD +4.5%), Procter & Gamble (PG +2.5%), Church & Dwight (CHD +1.6%), Spectrum Brands (SPB +1.4%).
    • Toys/Video games: Electronic Arts (EA +4.6%), Mattel (MAT +4.3%), Activision Blizzard (ATVI +3.2%).
    • Tobacco: Reynolds America (RAI +3.1%), Altria (MO +2.5%).
    • Beverages: Brown-Forman (NYSE:BF.A) +3.2%, Constellation Brands (STZ +2.8%), Coca-Cola (KO +2.3%), PepsiCo (PEP +2%).
    • Footwear: Nike (NKE +2.6%), Skechers (SKX +1.9%), Wolverine Worldwide (WWW +2.2%).
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, FDIS, SCC, UCC, RCD, PMR, UGE, SZK, BITE
    | Dec. 4, 2015, 1:37 PM | 15 Comments
  • Nov. 19, 2015, 7:15 AM
    • Spectrum Brand (NYSE:SPB) reports organic sales growth of 2.2% in FQ4.
    • Segment sales: Global Batteries & Appliances: $553M (-7.2%); Hardware & Home Improvement: $331.4M (+5.6%); Global Pet Supplies: $219.3M (+37.2%); Home and Garden: $108.3M (-0.6%); Global Auto Care: $96.1M.
    • Gross margin rate increased 80 bps to 35.7%  primarily due to acquisitions and improved mix.
    • Operating margin rate grew 50 bps to 10.3%.
    • Adjusted EBITDA rose 22.8% to $229.3M.
    • FY2016 Guidance: Net sales: to increase in the high-single digit range Y/Y; Free cash flow: ~$505M to $515M; Capex: $110M to $120M.
    | Nov. 19, 2015, 7:15 AM
  • Nov. 19, 2015, 6:33 AM
    • Spectrum Brand (NYSE:SPB): FQ4 EPS of $1.13 misses by $0.03.
    • Revenue of $1.31B (+11.0% Y/Y) misses by $20M.
    | Nov. 19, 2015, 6:33 AM
  • Nov. 18, 2015, 5:30 PM
  • Nov. 17, 2015, 4:37 PM
    • Spectrum Brand (NYSE:SPB) declares $0.33/share quarterly dividend, in line with previous.
    • Forward yield 1.45%
    • Payable Dec. 17; for shareholders of record Dec. 1; ex-div Nov. 27.
    | Nov. 17, 2015, 4:37 PM
  • Aug. 5, 2015, 9:29 AM
    • Spectrum Brand (NYSE:SPB) reports organic sales growth of 3.7% in FQ3.
    • The company saw record Home and Garden performance, strong personal care and small appliances results, and strong European volume growth.
    • Segment sales: Global Batteries & Appliances: $459 (-7.24%); Hardware & Home Improvement: $313.5M (+2.15%); Global Pet Supplies: $208.3M (+36.86%); Home and Garden: $202.3M (+15.86%); Global Auto Care: $64.4M.
    • Gross margin rate declined 30 bps to 36.7% primarily due to the negative impact of foreign exchange.
    • Operating margin rate dropped 230 bps to 10.88%.
    • FY2015 Guidance: Net sales: to increase in the mid-single digit range; Free cash flow: ~$440M; Capex: $75M to $85M.
    | Aug. 5, 2015, 9:29 AM
  • Aug. 5, 2015, 7:07 AM
    • Spectrum Brand (NYSE:SPB): FQ3 EPS of $1.42 beats by $0.01.
    • Revenue of $1.25B (+10.6% Y/Y) in-line.
    | Aug. 5, 2015, 7:07 AM
  • Jul. 28, 2015, 4:41 PM
    • Spectrum Brand (NYSE:SPB) declares $0.33/share quarterly dividend, in line with previous.
    • Forward yield 1.28%
    • Payable Sept. 15; for shareholders of record Aug. 18; ex-div Aug. 14.
    | Jul. 28, 2015, 4:41 PM
  • Jun. 18, 2015, 8:27 AM
    • Spectrum Brands (NYSE:SPB) faces a lawsuit from the U.S. Consumer Product Safety Commission over allegations it failed to timely report an issue with coffee pot handles.
    • The issue dates back to Black & Decker brand Spacemaker coffee pots sold between 2008 and 2012.
    • The company states it plans to defend itself in court in the interest of "fundamental fairness."
    | Jun. 18, 2015, 8:27 AM
Company Description
Spectrum Brands Holdings Inc is a diversified consumer products company. The Company is engaged in manufacturing and marketing alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellents and specialty pet supplies.
Industry: Appliances
Country: United States