Spectrum Brands Holdings, Inc.SPB

Spectrum Brands Holdings, Inc. Earnings Per Share Disclosure

10-KFiled Nov 18, 20252 min read
EARNINGS PER SHARE
Basic earnings per share is computed by dividing net income attributable to controlling interest by the weighted average number of common shares outstanding for the period. Diluted earnings per share is calculated using its weighted-average outstanding common shares including the dilutive effect of share-based awards, based upon the treasury stock method, and the Exchangeable Notes, as determined under the net share settlement method. Performance based restricted stock units are excluded if the performance targets upon which the issuance of the shares is contingent have not been achieved and the respective performance period has not been completed as of the end of the current period. From the time of the issuance of the Exchangeable Notes, the average market price of the Company’s common shares has been less than the initial conversion price, and consequently no shares have been included in diluted earnings per share for the conversion value of the Exchangeable Notes. The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the years ended September 30, 2025, 2024 and 2023, are as follows:
(in millions, except per share amounts)
202520242023
Numerator
Net income (loss) from continuing operations attributable to controlling interest$99.7 $99.3 $(233.8)
Income from discontinued operations attributable to controlling interest0.2 25.5 2,035.3 
Net income attributable to controlling interest$99.9 $124.8 $1,801.5 
Denominator
Weighted average shares outstanding - basic25.7 30.3 39.5 
Dilutive shares0.2 0.2 — 
Weighted average shares outstanding - diluted25.9 30.5 39.5 
Earnings per share
Basic earnings per share from continuing operations$3.88 $3.28 $(5.92)
Basic earnings per share from discontinued operations— 0.84 51.57 
Basic earnings per share$3.88 $4.12 $45.65 
Diluted earnings per share from continuing operations$3.85 $3.26 $(5.92)
Diluted earnings per share from discontinued operations0.01 0.84 51.57 
Diluted earnings per share$3.86 $4.10 $45.65 
Weighted average number of anti-dilutive shares excluded from denominator— — 0.2 

Historical Timeline

Fiscal YearFiled
2025Nov 18, 2025Showing above
2024Nov 15, 2024
2023Nov 21, 2023
2022Nov 22, 2022
2021Nov 23, 2021
2020Nov 18, 2020
2019Nov 15, 2019
2018Nov 23, 2018
2017Nov 20, 2017
2016Nov 23, 2016
2015Nov 20, 2015

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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