Adjusted EBITDA, a non-GAAP measure, of $188.5 million in the third quarter of fiscal 2013 increased 2.0 percent compared to $185.0 million a year ago, including the acquired HHI business in the prior year period on a pro forma basis. Adjusted EBITDA as a percentage of net sales was 17.3 percent compared to 17.2 percent in last year’s third quarter. Legacy Spectrum Brands’ adjusted EBITDA of $135.5 million in the third quarter of 2013 represented the 11 th consecutive quarter of year-over-year adjusted EBITDA growth, starting with the first quarter of fiscal 2011. Excluding the negative impact of $2.1 million of foreign exchange, legacy Spectrum Brands adjusted EBITDA in the third quarter of 2013 increased 3.9 percent versus $132.5 million in the prior year. Adjusted EBITDA as a percentage of net sales for legacy Spectrum Brands in the third quarter improved to a record quarterly level of 16.8 percent compared to 16.1 percent last year. Adjusted 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.Fiscal 2013 Nine Months Consolidated Financial Results
Spectrum Brands Holdings Reports Record Fiscal 2013 Third Quarter Results
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