For the third consecutive year, Spectrum Brands delivered record consolidated adjusted EBITDA for fiscal 2012 of $485.3 million, a 6.2 percent increase versus $457.1 million in fiscal 2011. EBITDA is a non-GAAP measurement of profitability which the Company believes is a useful indicator of the operating health of the business and its trends. Adjusted EBITDA as a percentage of net sales for fiscal 2012 improved to a record 14.9 percent compared to 14.3 percent last year. The improved adjusted EBITDA was predominantly driven by increases in the Company’s Global Pet Supplies and Home and Garden segments, which included adjusted EBITDA of $19.1 million from the acquisitions of FURminator® and the Black Flag®/TAT®brands. Excluding the results from acquisitions, adjusted EBITDA for fiscal 2012 grew 2.0 percent versus prior year. Fiscal 2012 adjusted EBITDA was negatively impacted by $16.4 million of foreign exchange. Excluding the negative foreign exchange impact, fiscal 2012 adjusted EBITDA grew 9.7 percent.Fiscal 2012 Fourth Quarter Consolidated Financial Results
Spectrum Brands Holdings Reports Record Results For Fiscal 2012, Meets Or Exceeds Full-Year Financial Guidance
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