Overview

* Spectrum Brands ( SPB ) fiscal Q4 net sales fell 5.2%, missing analyst expectations

* Adjusted EBITDA for fiscal Q4 decreased 8%, reflecting supply constraints and category softness

* Adjusted EPS rose significantly due to lower taxes and reduced share count

Outlook

* Spectrum Brands ( SPB ) expects flat to low single-digit net sales growth in fiscal 2026

* Company anticipates low single-digit adjusted EBITDA growth in fiscal 2026

* Spectrum Brands ( SPB ) targets 50% conversion of adjusted EBITDA to adjusted free cash flow

Result Drivers

* IMPORT HALT - Co halted imports from China for U.S. market, causing supply constraints and impacting sales in GPC and HPC

* SEASONAL SHIFT - Delayed start to season drove growth in H&G sales, offsetting declines in other segments

* CATEGORY SOFTNESS - GPC and HPC faced declines due to ongoing category softness and supply chain issues

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Sales Miss $733.50 $743.90

mln mln (7

Analysts

)

Q4 $63.40

Adjusted mln

EBITDA

continui

ng

operatio

ns

Q4 $2.61

Adjusted

EPS

continui

ng

operatio

ns

Q4 EPS $2.19

continui

ng

operatio

ns

Q4 Gross $256.60

Profit mln

Q4 $29.40

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the appliances, tools & housewares peer group is "buy"

* Wall Street's median 12-month price target for Spectrum Brands Holdings Inc ( SPB ) is $76.50, about 30.4% above its November 12 closing price of $53.24

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)