Spectrum Brands Holdings, Inc.

Listed Company

SPBCIK 0000109177NYSELarge AcceleratedMiscellaneous Electrical Machinery, Equipment & SuppliesDelawareFY ends Sep 30

Period

FY 2025

Revenue

$2.81B

Net Income

$99.90M

Total Assets

$3.38B

Equity

$1.91B

Shares Out

23.20M

Op. Cash Flow

$203.60M

Business

Spectrum Brands Holdings, Inc. is a diversified global branded consumer products and home essentials company managed across vertically integrated, product-focused operations. It manufactures, markets and distributes pet care, home and garden, and home and personal care products, including pet foods and chews, aquatics equipment, pest and lawn care solutions, cleaning products, small kitchen appliances and personal grooming appliances. The company operates three primary segments—Global Pet Care (GPC), Home and Garden (H&G) and Home and Personal Care (HPC)—supported by center-led shared services. Products are sold worldwide across North America, EMEA, Latin America and Asia‑Pacific through retailers, wholesalers, distributors, e-commerce and direct-to-consumer channels.

Summary from filing dated 2025-11-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	2,809	2,964	2,919	3,133	2,998
Cost of goods sold	1,777	1,855	1,995	2,142	—
Gross profit	1,032	1,109	924	990	1,035
Selling, general & administrative	883	953	889	996	—
Impairment of goodwill	0	0	111	0	0
Impairment of intangible assets	17	45	121	0	0
Impairment of property, plant and equipment and operating leases	8	5	11	—	—
Representation and warranty insurance proceeds	0	−65	0	0	—
Gain from remeasurement of contingent consideration liability	0	0	−2	−29	0
Total operating expenses	907	939	1,130	967	938
Operating income	125	171	−206	23	97
Interest expense	30	59	116	99	—
Interest income	−4	−58	−38	−600,000	−1
(Gain) loss from early extinguishment of debt	0	−3	3	0	0
Other non-operating expense, net	12	9	4	15	−7
Income (loss) from continuing operations before income taxes	87	164	−290	−90	−11
Income tax (benefit) expense	−13	64	−57	−13	−26
Net income (loss) from continuing operations	100	99	−234	−77	15
Income from discontinued operations, net of tax	200,000	26	2,036	150	174
Net income	100	125	1,802	73	190
Net income from continuing operations attributable to non-controlling interest	500,000	0	100,000	200,000	200,000
Income from discontinued operations attributable to non-controlling interest, net of tax	0	0	300,000	900,000	−200,000
Net income attributable to controlling interest	100	125	1,802	72	190
Net income (loss) from continuing operations attributable to controlling interest	100	99	−234	−77	15
Income from discontinued operations attributable to controlling interest, net of tax	200,000	26	2,035	149	175
Basic earnings per share from continuing operations (in dollars per share)	3.88	3.28	−5.92	−1.89	0.35
Basic earnings per share from discontinued operations (in dollars per share)	0	0.84	51.57	3.64	4.09
Basic earnings per share (in dollars per share)	3.88	4.12	45.65	1.75	4.44
Diluted earnings per share from continuing operations (in dollars per share)	3.85	3.26	−5.92	−1.89	0.35
Diluted earnings per share from discontinued operations (in dollars per share)	0.01	0.84	51.57	3.64	4.04
Diluted earnings per share (in dollars per share)	3.86	4.1	45.65	1.75	4.39
Dividend per share (in dollars per share)	1.88	1.68	1.68	1.68	1.68
Basic (in shares)	26	30	40	41	43
Diluted (in shares)	26	31	40	41	43

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	124	369	754	244	188
Trade receivables, net	522	635	477	247	248
Other receivables	51	71	85	96	64
Inventories	446	462	463	781	563
Prepaid expenses and other current assets	42	42	44	51	41
Total current assets	1,184	1,579	2,926	3,235	2,914
Property, plant and equipment, net	255	267	275	—	—
Operating lease assets	74	102	111	83	57
Deferred charges and other	63	40	32	39	39
Goodwill	867	865	855	953	867
Intangible assets, net	938	990	1,060	1,202	1,204
Total assets	3,380	3,842	5,258	5,776	5,340
Current portion of long-term debt	12	9	9	12	12
Accounts payable	284	397	397	453	389
Accrued wages and salaries	50	79	46	28	67
Accrued interest	5	5	21	28	30
Income tax payable	21	25	115	16	—
Short-term operating lease liabilities	32	31	—	—	—
Other current liabilities	120	141	178	188	212
Total current liabilities	523	687	765	1,188	1,164
Long-term debt, net of current portion	556	551	1,547	3,145	2,494
Long-term operating lease liabilities	55	87	96	56	45
Deferred income taxes	137	171	175	60	60
Uncertain tax benefit obligation	180	172	106	—	—
Other long-term liabilities	19	33	53	58	99
Total liabilities	1,470	1,701	2,740	4,507	3,861
Commitments and contingencies (Note 19)	—	—	—	—	—
Common stock, 0.01 par value; 200 million shares authorized; 53.8 million and 53.8 million shares issued, respectively.	500,000	500,000	500,000	500,000	500,000
Additional paid-in capital	1,998	1,988	1,921	2,033	2,064
Accumulated earnings	2,219	2,169	2,096	362	360
Accumulated other comprehensive loss, net of tax	−172	−204	−249	−303	−235
Treasury stock, 30.0 million and 25.7 million shares, respectively	−2,136	−1,813	−1,250	−829	−717
Total shareholders' equity	1,910	2,141	2,518	1,263	1,472
Non-controlling interest	0	800,000	700,000	6	7
Total equity	1,910	2,142	2,518	1,269	1,479
Total liabilities and equity	3,380	3,842	5,258	5,776	5,340

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation	56	57	49	49	52
Amortization	42	45	42	50	65
Share based compensation	21	18	17	10	29
Gain on sale of property, plant and equipment	0	0	−3	0	0
Loss on sale of business	300,000	0	0	—	—
(Gain) loss on early extinguishment of debt	0	−3	3	0	—
Amortization of debt issuance costs and debt discount	4	4	7	7	6
Non-cash purchase accounting adjustments	0	1	2	8	7
Non-cash interest on short term investment	0	0	−11	0	0
Deferred tax (benefit) expense	−59	4	−183	−45	−64
Receivables	131	−117	−224	−12	66
Inventories	18	9	328	−154	−220
Prepaid expenses and other current assets	1	12	26	−35	−10
Accounts payable and accrued liabilities	−155	56	−155	−15	116
Income tax and other	20	35	102	9	26
Net cash provided by operating activities from continuing operations	204	270	8	−232	89
Net cash used by operating activities from discontinued operations	−500,000	−107	−418	178	199
Net cash provided (used) by operating activities	204	163	−410	−54	288
Purchases of property, plant and equipment	−38	−44	−59	−64	−44
Proceeds from disposal of property, plant and equipment	0	0	8	200,000	100,000
Proceeds from sale of business, net cash	700,000	−27	4,335	0	—
Purchases of short term investments	0	−849	−1,092	0	0
Proceeds from sale of short term investments	0	1,941	0	0	—
Other investing activity	−100,000	100,000	−200,000	0	−400,000
Net cash (used) provided by investing activities from continuing operations	−38	1,021	3,192	−336	−401
Net cash used by investing activities from discontinued operations	0	0	−12	−24	−23
Net cash (used) provided by investing activities	−38	1,021	3,180	−360	−424
Payment of debt and debt premium	−11	−1,349	−1,647	−13	−891
Proceeds from issuance of debt	0	350	0	740	899
Payment of debt issuance costs	−100,000	−15	−2	−8	−13
Premium on capped call transactions	0	−25	0	—	—
Dividends paid to shareholders	−48	−51	−67	−69	−72
Dividends paid by subsidiary to non-controlling interest	−2	0	0	—	—
Treasury stock purchases	−326	−483	−35	−134	−126
Excise tax paid on net share repurchases	−10	0	0	—	—
Accelerated share repurchase	0	0	−500	0	—
Share based award tax withholding payments, net of proceeds upon vesting	−5	−5	−13	−25	−8
Net cash used by financing activities from continuing operations	−401	−1,578	−2,263	491	−207
Net cash used by financing activities from discontinued operations	0	0	−800,000	−3	−3
Net cash used by financing activities	−401	−1,578	−2,264	488	−210
Effect of exchange rate changes on cash and cash equivalents	−8	11	4	−20	1
Net change in cash, cash equivalents and restricted cash	−243	−383	510	54	−344
Acquisition of property, plant and equipment through finance leases	15	5	3	1	—
Issuance of shares through stock compensation plan	10	14	33	33	18

Filings

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