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Spectrum Brands(SPB) - 2024 Q2 - Earnings Call Transcript
2024-05-10 02:38
财务数据和关键指标变化 - 净销售额下降1.5%,但公司预计全年净销售额将相对持平 [13][31] - 毛利率增加870个基点至38.1%,主要得益于存货成本下降和运营效率提升 [16][35] - 调整后EBITDA增加120%至1.123亿美元,调整后EBITDA率提升至13.3% [16][22][39] - 每股调整后收益增加1.76美元至1.62美元,主要受益于EBITDA增加和股票回购 [39] 各条业务线数据和关键指标变化 宠物业务 - 销售额下降2.3%,主要受到去年精简低毛利SKU的影响 [46][47] - 调整后EBITDA增加34.6%至6230万美元,创历史新高 [52] - 计划增加广告和营销投入以推动未来增长 [53] 家居园艺业务 - 销售额增长4.8%,主要受益于控制类产品的强劲表现 [54][55] - 调整后EBITDA增加840个基点至2920万美元 [60] - 预计下半年销售将恢复增长 [61] 家用电器及个人护理业务 - 销售额下降4%,主要受小型厨房电器销售下滑的影响 [61][62] - 调整后EBITDA由亏损转为盈利1780万美元,毛利率提升 [65] - 个人护理业务实现高单位数增长,抵消了家用电器的下滑 [61][62] 公司战略和发展方向 - 公司正在加大对商业运营、创新和营销能力的投资,以推动长期可持续的收入增长 [10][21][74] - 正在加快分拆家用电器及个人护理业务的进程,计划在夏季提交初步注册文件 [24][27][28] - 已与Stanley Black & Decker续签Black & Decker品牌许可协议,为HPC业务提供长期发展保障 [26] - 公司将继续通过股票回购来提升股东价值,已累计回购29%的股份 [30] 管理层对经营环境和未来前景的评论 - 管理层对宏观经济和消费环境保持谨慎态度,但对公司内部运营改善和发展前景充满信心 [31][32][75] - 预计全年净销售额将相对持平,调整后EBITDA将实现低个位数增长 [31][67] - 下半年各业务线有望实现销售增长,但将增加广告营销投入,导致EBITDA率有所下降 [67][68] - 公司将继续保持成本纪律,同时大幅增加商业运营和创新投入,以推动未来可持续增长 [74]
Spectrum Brands(SPB) - 2024 Q2 - Quarterly Report
2024-05-09 22:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to______ Name of Registrant, State of Incorporation, Commission File No. IRS Employer Identification No. Address of Principal Offices, and Telep ...
Spectrum Brands(SPB) - 2024 Q2 - Quarterly Results
2024-05-09 19:22
Exhibit 99.1 3001 Deming Way Middleton, WI 53562-1431 P.O. Box 620992 Middleton, WI 53562-0992 (608) 275-3340 For Immediate Release Investor/Media Contact: Joanne Chomiak 608-275-4458 Spectrum Brands Holdings Reports Fiscal 2024 Second Quarter Results • Net Sales Decreased 1.5% Driven by Lower Consumer Demand in Home Appliances, Aquatics Particularly in North America and the Impact of SKU Rationalizations, Offset by Strong POS in Controls Due to Favorable Weather Trends • Net Income From Continuing Operatio ...
Spectrum Brands(SPB) - 2024 Q1 - Earnings Call Transcript
2024-02-09 01:45
Spectrum Brands Holdings, Inc. (NYSE:SPB) Q1 2024 Earnings Conference Call February 8, 2024 9:00 AM ET Company Participants Joanne Chomiak - Senior Vice President of Tax and Treasury David Maura - Executive Chairman and Chief Executive Officer Jeremy Smeltser - Executive Vice President and Chief Financial Officer Conference Call Participants Robert Labick - CJS Securities, Inc. Christopher Carey - Wells Fargo Securities, LLC Peter Grom - UBS Brian McNamara - Canaccord Genuity Corp. Ian Zaffino - Oppenheimer ...
Spectrum Brands(SPB) - 2024 Q1 - Quarterly Report
2024-02-08 23:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to______ Name of Registrant, State of Incorporation, Commission File No. IRS Employer Identification No. Address of Principal Offices, and Te ...
Spectrum Brands(SPB) - 2023 Q4 - Annual Report
2023-11-22 00:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File No. Name of Registrant, State of Incorporation, IRS Employer Identification No. Address of Principal Offices, and ...
Spectrum Brands(SPB) - 2023 Q4 - Earnings Call Transcript
2023-11-18 01:49
Spectrum Brands Holdings, Inc. (NYSE:SPB) Q4 2023 Earnings Conference Call November 17, 2023 9:00 AM ET Company Participants Faisal Qadir - Vice President, Strategic Finance and Enterprise Reporting David Maura - Executive Chairman and Chief Executive Officer Jeremy Smeltser - Executive Vice President and Chief Financial Officer Conference Call Participants Nik Modi - RBC Capital Markets Robert Labick - CJS Securities Brian McNamara - Canaccord Genuity Chris Carey - Wells Fargo Securities Peter Grom - UBS I ...
Spectrum Brands(SPB) - 2023 Q4 - Earnings Call Presentation
2023-11-17 22:29
Sp Fiscal 2023 Fourth Quarter and Full Year Earnings Call November 17, 2023 Agenda • Introduction – Faisal Qadir VP, Strategic Finance & Enterprise Reporting • CEO Overview and Outlook – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Jeremy Smeltser Chief Financial Officer • Q&A – David Maura and Jeremy Smeltser 2 Forward-looking Statements 3 We have made or implied certain forward-looking statements in this document. All statements, other than statements of historical fact ...
Spectrum Brands(SPB) - 2023 Q3 - Earnings Call Transcript
2023-08-12 04:49
Spectrum Brands Holdings, Inc. (NYSE:SPB) Q3 2023 Earnings Conference Call August 11, 2023 9:00 AM ET Company Participants Faisal Qadir - Vice President, Strategic Finance and Enterprise Reporting David Maura - Chairman and Chief Executive Officer Jeremy Smeltser - Chief Financial Officer Conference Call Participants Peter Lukas - CJS Securities Peter Grom - UBS Chris Carey - Wells Fargo Securities Ian Zaffino - Oppenheimer Brian McNamara - Canaccord Genuity Jim Chartier - Monness, Crespi, Hardt Olivia Tong ...
Spectrum Brands(SPB) - 2023 Q3 - Earnings Call Presentation
2023-08-12 01:04
业绩总结 - 第三季度净销售额为736百万美元,同比下降9.7%[14] - 第三季度调整后的EBITDA为9850万美元,同比增长23%[10] - 第三季度GAAP净亏损增加至1.75亿美元[15] - 预计FY23净销售将中等个位数下降,调整后的EBITDA也将低至中个位数下降[11] 财务状况 - 截至季度末,偿还了11亿美元的银行债务,现金余额为29亿美元,债务为21亿美元[10] - 2023年7月2日的现金及现金等价物为29.302亿美元,较2022年9月30日的2.437亿美元大幅增加[39] - 2023年7月2日的总资产为63.544亿美元,较2022年9月30日的57.756亿美元有所上升[39] - 2023年7月2日的总负债为37.945亿美元,较2022年9月30日的45.065亿美元有所减少[39] - 2023年7月2日的股东权益为25.587亿美元,较2022年9月30日的12.632亿美元显著增长[39] 用户数据 - 家庭与个人护理(HPC)和家庭与花园(H&G)的有机销售分别下降14.7%和6.0%[24][21] - 2023年7月2日,GPC的净销售额为272.3百万美元,同比下降6.4%[42] - 2023年截至7月2日的九个月,总净销售额为2,178.1百万美元,同比下降9.8%[43] 未来展望 - FY23全年的利息支出预计在1.2亿至1.3亿美元之间[28] - 由于零售商库存减少和外汇压力,H&G和HPC的销售面临压力[11] 新产品与技术研发 - 第三季度的利息支出为3900万美元,同比增加1290万美元[16] 负面信息 - 第三季度的利息支出为3900万美元,同比增加1290万美元[16] - 2023年7月2日的稀释每股收益为GPC -4.27美元,H&G 0.07美元,HPC -7.06美元[53] 其他新策略 - Spectrum Brands以43亿美元现金完成HHI交易,预计净收益为38亿美元[30]