Spectrum Brands (NYSE:SPB) Announces Quarterly Earnings Results

Spectrum Brands (NYSE:SPB) issued its quarterly earnings results on Thursday. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.21, FiscalAI reports. Spectrum Brands had a return on equity of 8.23% and a net margin of 4.47%.The firm had revenue of $708.90 million for the quarter, compared to the consensus estimate of $676.45 million. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis.

Here are the key takeaways from Spectrum Brands’ conference call:

• The company beat expectations in Q2 with net sales +4.9%, adjusted EBITDA +17.8% and adjusted EPS $1.25, and has raised its full?year adjusted EBITDA outlook to low? to mid?single?digit growth.
• Global Pet Care and Home & Garden drove growth — GPC organic sales up 7.6% (reported +11.2%) and H&G sales +11.3% with meaningful margin expansion, fueled by product innovation and share gains.
• Spectrum entered a strategic partnership with Oaktree, who will invest $127 million (preferred equity plus a term loan) in the HPC business on a non?recourse basis, creating a well?capitalized standalone vehicle and clear separation/monetization optionality.
• Balance sheet and capital return remain strong with approximately $125M cash, net leverage at 1.66x, minimal revolver usage, ongoing buybacks (100k shares, ~$6.8M this quarter) and ~$300M repurchase authorization remaining.
• The Home & Personal Care segment remains weak — organic sales down ~10.7% (reported -5.5%), appliances particularly pressured in NA/EMEA and management expects HPC revenue to decline for the year despite modest EBITDA improvement and lingering tariff/consumer risks.

Spectrum Brands Stock Performance

Shares of NYSE:SPB traded up $2.60 during trading on Friday, hitting $81.23. 402,168 shares of the stock traded hands, compared to its average volume of 306,849. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $77.87 and a two-hundred day moving average price of $67.56. Spectrum Brands has a 52-week low of $49.99 and a 52-week high of $86.96. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 2.74 and a beta of 0.67.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, May 26th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a yield of 2.3%. Spectrum Brands’s payout ratio is currently 43.42%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of Spectrum Brands by 7,237.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock worth $31,000 after purchasing an additional 579 shares in the last quarter. Headlands Technologies LLC purchased a new position in Spectrum Brands in the 2nd quarter valued at about $41,000. Quarry LP acquired a new stake in Spectrum Brands in the 3rd quarter worth about $51,000. Aster Capital Management DIFC Ltd boosted its holdings in Spectrum Brands by 340.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,577 shares of the company’s stock worth $93,000 after buying an additional 1,219 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Spectrum Brands during the 2nd quarter worth approximately $103,000.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Oppenheimer lifted their price objective on Spectrum Brands from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Weiss Ratings raised shares of Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Canaccord Genuity Group upped their price target on shares of Spectrum Brands from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $81.00 price objective on shares of Spectrum Brands in a research note on Friday. Finally, Royal Bank Of Canada set a $85.00 price objective on shares of Spectrum Brands in a report on Friday, February 6th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.17.

Spectrum Brands News Summary

Here are the key news stories impacting Spectrum Brands this week:

• Positive Sentiment: Spectrum Brands reported fiscal Q2 earnings of $1.25 per share, ahead of the $1.04 consensus estimate, on revenue of $708.9 million versus $676.45 million expected, with sales up 4.9% year over year. Spectrum Brands Holdings Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: The company said it returned to top-line growth and raised confidence in its operating momentum, with strength in Pet Care and Home & Garden helping drive the beat. Spectrum Brands Beats Q2 Earnings on Pet Care and H&G Strength
• Positive Sentiment: Spectrum Brands announced a strategic Oaktree investment in its Home and Personal Care unit, and said it now expects low- to mid-single-digit adjusted EBITDA growth, suggesting added financial flexibility and a clearer path to value creation. Spectrum Brands Announces Strategic Oaktree Investment in HPC Unit
• Neutral Sentiment: Management’s earnings call and post-earnings coverage largely reinforced the same message: better-than-expected results, improving trends, and an updated outlook, but no major new guidance beyond the Oaktree transaction. Spectrum Brands Holdings, Inc. (SPB) Q2 2026 Earnings Call Transcript

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.