Spectrum Brands Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 09, 2024 at 07:22 am
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Spectrum Brands Holdings, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 718.5 million compared to USD 729.2 million a year ago. Net income was USD 61.1 million compared to net loss of USD 53.7 million a year ago. Basic earnings per share from continuing operations was USD 1.66 compared to basic loss per share from continuing operations of USD 1.83 a year ago. Diluted earnings per share from continuing operations was USD 1.65 compared to diluted loss per share from continuing operations of USD 1.83 a year ago. Basic earnings per share was USD 2.03 compared to basic loss per share of USD 1.31 a year ago. Diluted earnings per share was USD 2.01 compared to diluted loss per share of USD 1.31 a year ago.
For the six months, sales was USD 1,410.7 million compared to USD 1,442.5 million a year ago. Net income was USD 90.2 million compared to net loss of USD 74.6 million a year ago. Basic earnings per share from continuing operations was USD 2.1 compared to basic loss per share from continuing operations of USD 2.82 a year ago. Diluted earnings per share from continuing operations was USD 2.09 compared to diluted loss per share from continuing operations of USD 2.82 a year ago. Basic earnings per share was USD 2.81 compared to basic loss per share of USD 1.82 a year ago. Diluted earnings per share was USD 2.8 compared to diluted loss per share of USD 1.82 a year ago.
Spectrum Brands Holdings, Inc. is a diversified global branded consumer products and home essentials company. The Company is a supplier of specialty pet supplies, lawn and garden and home pest control products, personal insect repellents, shaving and grooming products, personal care products, and small household appliances. Its segments include Home and Personal Care (HPC), Global Pet Care (GPC), and Home and Garden (H&G). The HPC segment consists of its global small kitchen and personal care appliance businesses. The GPC segment consists of its global pet care business. The H&G segment consists of home and garden, insect control, and cleaning products businesses. It offers a portfolio of brands including Tetra, DreamBone, SmartBones, Natureâs Miracle, 8-in-1, FURminator, Healthy-Hide, Good Boy, Meowee! and others. It manufactures and distributes its products globally in North America, Europe, Middle East & Africa (EMEA), Latin America (LATAM), and Asia-Pacific (APAC) regions.
SPECTRUM BRANDS HOLDINGS, INC. 
