Spectrum Brands (SPB) Tops Q2 EPS by 76c, Revenues Beat
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Spectrum Brands Holdings Reports Fiscal 2021 Second Quarter Results
May 7, 2021 6:30 AM EDTNet Sales Increased 22.6% and Organic Net Sales Increased 17.8%, with Double-Digit Growth Across All Business Units Net Income From Continuing Operations Increased $96.0 Million to $36.8 Million Adjusted EBITDA Increased 28.8% to $180.9 Million Maintained Strong Financial Flexibility with Over $860 million of Total Liquidity Raising 2021 Earnings Framework to Reflect Expected Net Sales and Adjusted EBITDA Growth in the Mid Teens Raising Total Savings Gross Target from Global Productivity Improvement Program from $150 Million to $200 Million Board of Directors Authorized a New 3-Year, $1 Billion Stock Repurchase Program
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