Spectrum Brands Holdings, Inc. is a diversified global consumer products company headquartered in Middleton, Wisconsin. The company manufactures and markets a wide range of products across three main categories: pet care, home and garden, and home and personal care. Its portfolio includes well-known brands such as Tetra, Nature's Miracle, Spectracide, Black+Decker (small appliances), and Remington.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Net sales
2,809,000
2,963,900
2,918,800
3,132,500
Cost of goods sold
1,777,100
1,854,600
1,994,500
2,142,100
Gross profit
1,031,900
1,109,300
924,300
990,400
Selling, general & administrative
882,600
953,400
888,800
995,700
Impairment of goodwill
0
0
111,100
0
Impairment of intangible assets
16,600
45,200
120,700
0
Impairment of property, plant and equipment and operating leases
7,800
5,100
10,800
0
Representation and warranty insurance proceeds
0
(65,000)
0
0
Gain from remeasurement of contingent consideration liability
0
0
(1,500)
(28,500)
Total operating expenses
907,000
938,700
1,129,900
967,200
Operating income (loss)
124,900
170,600
(205,600)
23,200
Interest expense
(30,000)
(58,500)
(116,100)
(99,400)
Interest income
4,200
57,500
38,300
600
(Gain) loss from early extinguishment of debt
0
2,600
(3,000)
0
Other non-operating (expense) income, net
(11,900)
(8,600)
(3,800)
(14,700)
Total non-operating expense
(37,700)
(7,000)
(84,600)
(113,500)
Income (loss) from continuing operations before income taxes
87,200
163,600
(290,200)
(90,300)
Income tax (benefit) expense
(13,000)
64,300
(56,500)
(13,300)
Net income (loss) from continuing operations
100,200
99,300
(233,700)
(77,000)
Income from discontinued operations, net of tax
200
25,500
2,035,600
149,700
Net income
100,400
124,800
1,801,900
72,700
Net income attributable to non-controlling interest
500
0
400
1,100
Net income attributable to controlling interest
99,900
124,800
1,801,500
71,600
Basic EPS from continuing operations
3.88
3.28
(5.92)
(1.89)
Diluted EPS from continuing operations
3.85
3.26
(5.92)
(1.89)
Basic weighted average shares outstanding
25,700
30,300
39,500
40,900
Diluted weighted average shares outstanding
25,900
30,500
39,500
40,900
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
123,600
368,900
753,900
243,700
Short-Term Investments
—
—
1,103,300
—
Total Cash and Cash Equivalents
123,600
368,900
1,857,200
243,700
Accounts Receivable
521,700
635,400
477,100
247,400
Other Receivables
50,900
70,700
84,500
95,700
Total Trade Receivables
572,600
706,100
561,600
343,100
Inventories
446,100
462,100
462,800
780,600
Other Current Assets
41,900
41,500
44,300
1,867,900
Total Current Assets
1,184,200
1,578,600
2,925,900
3,235,300
Net Property, Plant & Equipment
328,500
368,500
385,900
346,300
Net Intangible Assets
937,600
990,400
1,060,100
1,202,200
Goodwill
866,800
864,900
854,700
953,100
Other Long-Term Assets
62,500
39,900
31,800
38,700
Total Assets
3,379,600
3,842,300
5,258,400
5,775,600
Accounts Payable
283,700
397,300
396,600
453,100
Accrued Expenses
54,700
83,500
66,700
56,000
Current Portion of Long-Term Debt
11,700
9,400
8,600
12,300
Current Portion of Leases
31,800
31,300
—
—
Other Current Liabilities
141,300
165,600
292,900
666,700
Total Current Liabilities
523,200
687,100
764,800
1,188,100
Long-Term Debt
556,200
551,400
1,546,900
3,144,500
Leases
54,500
87,000
95,600
56,000
Other Long-Term Liabilities
336,000
375,100
332,800
117,900
Total Long-Term Liabilities
946,700
1,013,500
1,975,300
3,318,400
Total Liabilities
1,469,900
1,700,600
2,740,100
4,506,500
Common Stock
500
500
500
500
Treasury Stock
(2,136,300)
(1,812,700)
(1,250,300)
(828,800)
Additional Paid-in Capital
1,998,100
1,988,100
1,920,800
2,032,500
Accumulated Other Comprehensive Income
(171,900)
(204,000)
(249,400)
(303,100)
Retained Earnings
2,219,300
2,169,000
2,096,000
362,100
Total Common Shareholders' Equity
1,909,700
2,140,900
2,517,600
1,263,200
Minority Interests and Other
—
800
700
5,900
Total Shareholders' Equity
1,909,700
2,141,700
2,518,300
1,269,100
Total Liabilities and Shareholders' Equity
3,379,600
3,842,300
5,258,400
5,775,600
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
200,800
249,600
3,603,800
145,400
Depreciation & Amortization
98,000
101,800
91,200
99,300
Share-Based Compensation Expense
20,500
17,500
17,200
10,200
Other Adjustments
(31,000)
56,400
56,100
(57,700)
Changes in Trade Receivables
131,400
(116,500)
(224,200)
(12,200)
Changes in Inventories
18,100
8,500
328,300
(153,700)
Changes in Accrued Expenses
(154,600)
55,600
(154,500)
(15,000)
Changes in Other Operating Activities
21,500
47,200
127,600
(25,400)
Cash from Operating Activities
203,600
162,600
(409,700)
(53,800)
Capital Expenditure
(38,300)
(44,000)
(59,000)
(64,000)
Proceeds from Sale of Property, Plant & Equipment
—
—
8,400
200
Purchases of Investments
—
(849,300)
(1,092,000)
—
Proceeds from Sale of Investments
—
1,941,300
—
—
Payments for Business Acquisitions
—
—
—
(272,100)
Proceeds from Business Divestments
700
(26,900)
4,334,700
—
Other Investing Activities
(100)
100
(200)
—
Cash from Investing Activities
(37,700)
1,021,200
3,180,100
(359,800)
Issuance of Long-Term Debt
—
—
—
740,000
Repayments of Long-Term Debt
—
—
—
(12,700)
Net Issuance / (Repayments) of Long-Term Debt
—
—
—
727,300
Repurchases of Common Shares
—
—
—
(134,000)
Net Issuance / (Repurchases) of Common Shares
—
—
—
(134,000)
Common Share Dividends Paid
—
—
—
(68,600)
Other Financing Activities
—
—
—
(34,000)
Cash from Financing Activities
—
—
—
487,600
Effect of Exchange Rate Changes on Cash and Cash Equivalents
—
—
—
(20,100)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash