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Spectrum Brands Holdings Inc (SPB.N)

SPB.N on New York Stock Exchange

121.34USD
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Energizer Says Expects To Generate Annual Run Rate Cost Synergies Of $80 Mln To $100 Mln
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Energizer Holdings Inc ::ENERGIZER CEO SAYS EXPECTS TO GENERATE ANNUAL RUN RATE COST SYNERGIES OF $80 MILLION TO $100 MILLION - CONF CALL.ENERGIZER CFO SAYS WE EXPECT THIS TRANSACTION TO BE HIGHLY SYNERGISTIC AND DRIVE FULL RUN RATE ACCRETION ABOVE 30 PERCENT - CONF CALL.ENERGIZER CFO SAYS WILL BENEFIT FROM INCREMENTAL ANNUAL LEVERAGE FREE CASH FLOW IN EXCESS OF $100 MILLION A YEAR - CONF CALL.ENERGIZER CFO SAYS COMBINED COMPANY WILL HAVE GREATER INTERNATIONAL EXPOSURE THROUGH AN EXPANDED PRESENCE IN EMEA AND LATIN AMERICA - CONF CALL.ENERGIZER CEO SAYS DEAL WILL POSITION US BETTER IN GROWING CHANNELS LIKE E-COMMERCE - CONF CALL.  Full Article

Spectrum Brands Says If Deal Not Completed Under Certain Circumstances, Energizer To Pay Co Termination Fee Of $100 Mln‍​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Energizer Holdings Inc ::SPECTRUM BRANDS HOLDINGS SAYS IF DEAL NOT COMPLETED UNDER CERTAIN CIRCUMSTANCES, ENERGIZER TO PAY CO TERMINATION FEE OF $100 MILLION - SEC FILING ‍​.  Full Article

Spectrum Brands To Sell Global Battery And Lighting Business To Energizer Holdings For $2.0 Bln In Cash
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Energizer Holdings Inc ::PRESS RELEASE - SPECTRUM BRANDS HOLDINGS ANNOUNCES AGREEMENT TO SELL GLOBAL BATTERY AND LIGHTING BUSINESS TO ENERGIZER HOLDINGS INC FOR $2.0 BILLION IN CASH.SPECTRUM BRANDS - EXPECTS TO USE NET CASH PROCEEDS AFTER TAX AND DEAL COSTS TO REDUCE DEBT, REINVEST IN CORE BUSINESSES.  Full Article

Energizer Holdings Announces Agreement To Buy Spectrum Brands' Global Battery And Portable Lighting Business
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Energizer Holdings Inc ::ENERGIZER HOLDINGS INC ANNOUNCES AGREEMENT TO ACQUIRE SPECTRUM BRANDS HOLDINGS' GLOBAL BATTERY AND PORTABLE LIGHTING BUSINESS.ENERGIZER HOLDINGS INC - DEAL FOR ‍$2.0 BILLION IN CASH​.ENERGIZER - DEAL EXPECTED TO DELIVER MODEST ACCRETION TO ENERGIZER'S ADJUSTED EARNINGS PER SHARE AND FREE CASH FLOW IN FIRST YEAR.ENERGIZER - TO FUND DEAL THROUGH COMBINATION OF EXISTING CASH AND COMMITTED DEBT FACILITIES, EXPECTED TO CONSIST OF A NEW TERM LOAN AND SENIOR NOTES.  Full Article

Spectrum Brands Holdings To Explore Strategic Options For Its Global Batteries & Appliances Businesses
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Spectrum Brands Holdings Inc ::SPECTRUM BRANDS HOLDINGS TO EXPLORE STRATEGIC OPTIONS FOR ITS GLOBAL BATTERIES & APPLIANCES BUSINESSES.SPECTRUM BRANDS HOLDINGS - EXPLORE STRATEGIC OPTIONS FOR ITS GLOBAL BATTERIES & APPLIANCES (GBA) BUSINESSES WITH INTENTION TO SELL UNITS DURING 2018.SPECTRUM BRANDS HOLDINGS- RECEIVED INQUIRIES FROM PROSPECTIVE BUYERS, IN DISCUSSIONS WITH SEVERAL RELATED TO GLOBAL BATTERIES & APPLIANCES BUSINESSES​.  Full Article

Spectrum Brands Confirms It Received A New Proposal For Potential Transaction With HRG Group
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Spectrum Brands Holdings Inc ::SPECTRUM BRANDS HOLDINGS - CONFIRMED IT HAS RECEIVED A NEW PROPOSAL REGARDING A POTENTIAL TRANSACTION WITH HRG GROUP, INC..SPECTRUM BRANDS HOLDINGS INC SAYS CONFIRMED HRG REQUESTED ADDITION OF 2 HRG APPOINTEES TO SPECTRUM BRANDS BOARD OF DIRECTORS - SEC FILING.SPECTRUM BRANDS HOLDINGS INC - CONFIRMED HRG REQUESTED ADDITION OF 3 HRG APPOINTEES TO BOARD'S NOMINATING AND CORPORATE GOVERNANCE COMMITTEE.  Full Article

Spectrum brands Q4 adjusted earnings per share $1.35
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Spectrum Brands Holdings Inc :Spectrum Brands Holdings reports solid fiscal 2017 fourth quarter results, announces projects Alpha and Ignite to further support long-term growth ambitions.Q4 adjusted earnings per share $1.35.Q4 earnings per share $1.63.Q4 sales $1.32 billion versus I/B/E/S view $1.3 billion.Q4 earnings per share view $1.47 -- Thomson Reuters I/B/E/S.Spectrum Brands Holdings Inc - ‍fiscal 2018 adjusted free cash flow is projected to be approximately $620-$640 million​.Says ‍capital expenditures are expected to be between $110 million to $120 million for FY18​.Spectrum Brands Holdings - for FY18 ‍anticipates positive impact from foreign exchange of approximately 160 -180 basis points based upon current rates​.Spectrum Brands Holdings Inc - ‍expects fiscal 2018 reported net sales to grow above category rates for most categories​.  Full Article

Spectrum Brands reduces debt in excess of $410 mln
Tuesday, 27 Sep 2016 

Spectrum Brands Holdings Inc : Spectrum Brands Holdings reduces debt in excess of $410 million, expects to end fiscal 2016 with total leverage below 4 times .Reiterated expectations for fiscal 2016 adjusted net cash provided from operating activities to be between $505-$515 million.  Full Article

Spectrum Brands launches offering to reprice all of its term loans under its credit agreement
Thursday, 22 Sep 2016 

Spectrum Brands Holdings : Spectrum Brands launches offering to reprice all of its U.S. dollar term loans under its credit agreement . Spectrum Brands-New term loans are expected to carry lower interest rate margins but otherwise be on same terms, including maturity date .Spectrum Brands Holdings says expects to close this repricing in October of 2016.  Full Article

Spectrum Brands Holdings Q3 non-gaap EPS $1.73
Thursday, 28 Jul 2016 

Spectrum Brands Holdings Inc : Fiscal 2016 free cash flow is projected to be approximately $505-$515 million compared to $454 million in fiscal 2015 . Spectrum brands holdings reports record fiscal 2016 third quarter results . Q3 earnings per share $1.71 . Q3 sales $1.36 billion versus I/B/E/S view $1.36 billion . Q3 earnings per share view $1.69 -- Thomson Reuters I/B/E/S . Expects fiscal 2016 net sales, as reported, to increase in high-single digit range compared to fiscal 2015 .Capital expenditures, which were $89.1 million in fiscal 2015, expected to be in range of $100 million to $110 million for fiscal 2016.  Full Article