Spectrum Brands (NYSE:SPB) Posts Earnings Results, Beats Expectations By $0.21 EPS

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

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 Up 3.3%

SPB stock traded up $2.60 during midday trading on Friday, hitting $81.23. The company’s stock had a trading volume of 402,168 shares, 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. Spectrum Brands has a 52-week low of $49.99 and a 52-week high of $86.96. The firm has a market capitalization of $1.88 billion, a P/E ratio of 15.50, a PEG ratio of 2.74 and a beta of 0.67. The firm has a 50-day simple moving average of $77.87 and a 200-day simple moving average of $67.56.

Spectrum Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 26th. Spectrum Brands’s dividend payout ratio (DPR) is currently 43.42%.

Hedge Funds Weigh In On Spectrum Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its position in Spectrum Brands by 7,237.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock valued at $31,000 after buying an additional 579 shares during the period. Headlands Technologies LLC purchased a new position in Spectrum Brands in the 2nd quarter valued at approximately $41,000. Quarry LP purchased a new position in Spectrum Brands in the 3rd quarter valued at approximately $51,000. Aster Capital Management DIFC Ltd boosted its position 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 valued at $93,000 after buying an additional 1,219 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Spectrum Brands in the 2nd quarter valued at approximately $103,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SPB shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $81.00 price objective on shares of Spectrum Brands in a research report on Friday. Oppenheimer increased their price objective on shares of Spectrum Brands from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Royal Bank Of Canada set a $85.00 price objective on shares of Spectrum Brands in a research report on Friday, February 6th. Canaccord Genuity Group increased their price objective on shares of Spectrum Brands from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday. Finally, 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. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.17.

Key Spectrum Brands News

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

Spectrum Brands Company Profile

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.