Spectrum Brands Holdings Reports Fiscal 2018 Third Quarter Results from Continuing Operations
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Spectrum Brands (SPB) Tops Q3 EPS by 21c, Revenues Beat
July 26, 2018 6:35 AM EDTSpectrum Brands (NYSE: SPB) reported Q3 EPS of $1.76, $0.21 better than the analyst estimate of $1.55. Revenue for the quarter came in at $945.5 million versus the consensus estimate of $900.74 million.
Fiscal 2018 Third Quarter Highlights from Continuing Operations:
Net sales of $945.5 million in the third quarter of fiscal 2018 increased 9.6 percent compared to $862.9 million last year. Excluding the impact of $4.9 million of favorable foreign exchange and acquisition sales of $14.5 million, organic net sales increased 7.3 percent versus the prior year.Net income from continuing operations of $377.4 million and diluted EPS from continuing operations of... More