SPB
Spectrum Brands Holdings, Inc.60.20
-1.38-2.24%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Back-half cadence granularized in Q&A.
Q&A drilled into cadence details affirming FY26 guidance, with pet growth persisting into Q2, home & garden flat early before back-half surge on disciplined inventory and POS momentum, and HPC facing Q2 messiness from Europe dumping but stabilizing later. David sidestepped calling a pet bottom, stressing share gains and fresh leadership instead. He highlighted HPC's $20M Q1 EBITDA as tariff-resilient, targeting full-year growth via North America healing. Investments hold steady in pet/garden, pull back in HPC for productivity. Proof in the pudding for garden season.
Key Stats
Market Cap
1.46BP/E (TTM)
15.64Basic EPS (TTM)
3.85Dividend Yield
0.03%Recent Filings
8-K
Q1 sales dip, Pet Care grows
Spectrum Brands reported Q1 FY2026 net sales down 3.3% to $677M, with organic sales off 6.0%, hit by soft demand and prior-year inventory builds—yet Global Pet Care surged 8.3%. Adjusted EBITDA fell 19.5% to $62.6M amid tariff costs, but net income rose to $29.4M and cash flow hit $67.7M. Pet care leads. Reiterating flat-to-low-single-digit FY2026 growth.
10-Q
Q1 FY2026 results
Spectrum Brands posted Q1 FY2026 net sales of $677M, down 3.3% y/y from $700.2M, yet operating income held at $27.1M versus $44.7M while diluted EPS jumped to $1.21 from $0.84 on share repurchases shrinking diluted shares from 28.1M to 23.5M. Gross margin slipped to 35.7% from 36.8% amid tariff costs and lower GPC/HPC volumes, partly offset by 2.3% pricing gains, with HPC off 7.6% y/y on consumer softness but GPC up 8.3%. Operating cash flow flipped to $67.7M from -$71.9M; cash stands at $126.6M with $492.2M revolver availability and total debt $578.9M. Share buybacks continue. Two customers drive 37% of sales.
10-K
FY2025 results
Spectrum Brands delivered FY2025 net sales of $2.81B, down 5.3% organically amid U.S. tariff disruptions and category softness, yet Q4 showed sequential stabilization across segments. GPC sales fell 6.8% organically with NA aquatics and companion animal volumes hit by private label pressure and temporary China import pauses, while H&G dipped 1.0% but expanded Adjusted EBITDA margin to 16.0% via trade optimization despite delayed seasons; HPC dropped 5.9% organically, pressured by NA distribution shifts. Q4 gained momentum as imports resumed, enabling normalized fulfillment. Strong liquidity at $616M supports $326M in buybacks. HPC spin plans persist amid tariff uncertainty. Retailer consolidation threatens shelf space.
8-K
Q4 sales drop 5.2%, cash strong
Spectrum Brands reported Q4 net sales down 5.2% to $733.5M, with organic sales off 6.6%, hit by China import halt and category softness; H&G grew 3.2% yet HPC plunged 11.9%. Adjusted EBITDA fell 8% to $63.4M, but full-year adjusted free cash flow hit $170.7M. Leverage sits at 1.58x. FY26 eyes flat-to-low single-digit sales and EBITDA growth.
8-K
CFO transition for cost savings
Spectrum Brands Holdings replaced CFO Jeremy Smeltser with internal executive Faisal Qadir on September 3, 2025, to cut spending without any disputes. Smeltser stays on until December 31, 2025, for transition, securing 18 months' severance and pro-rata bonuses. Qadir, a 12-year veteran, steps up with a $450,000 base salary starting Fiscal 2026. Leadership continuity aids cost controls amid fiscal pressures.
IPO
Employees
Sector
Industry
CENT
Central Garden & Pet Company
33.71-0.05
CL
Colgate-Palmolive Company
78.95-0.48
CLX
Clorox Company (The)
99.82-1.90
GROV
Grove Collaborative Holdings, I
1.17-0.08
HBB
Hamilton Beach Brands Holding C
16.84+0.27
KVUE
Kenvue Inc.
17.25+0.04
NWL
Newell Brands Inc.
3.77+0.00
PG
Procter & Gamble Company (The)
145.21+0.08
SN
SharkNinja, Inc.
113.87+0.25
UL
Unilever PLC
64.33-0.71