This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Spectrum Brands Holdings Reports Record Fiscal 2013 Results, Meets Or Exceeds Full Year Financial Guidance

Stocks in this article: SPB

With segment net income, as adjusted, of $54.8 million, the Global Batteries & Appliances segment reported adjusted EBITDA of $77.3 million for the fourth quarter of fiscal 2013 compared to adjusted EBITDA of $77.1 million in the year-earlier quarter, when segment net income was $55.2 million. Excluding an unfavorable foreign exchange impact of $6.8 million, segment adjusted EBITDA increased 9.1 percent in the fourth quarter of fiscal 2013.

Global Pet Supplies

The Global Pet Supplies segment reported net sales of $165.2 million for the fourth quarter of fiscal 2013 compared to $166.5 million last year. Higher North American and European companion animal net sales were more than offset by lower North American aquatics due to category softness. Excluding an unfavorable foreign exchange impact of $0.7 million, net sales were essentially unchanged versus the prior year’s quarter.

Segment net income, as adjusted, was $25.9 million for the fourth quarter of fiscal 2013 versus $23.1 million a year ago. Fourth quarter adjusted EBITDA of $35.8 million increased slightly compared to $35.7 million in fiscal 2012. The adjusted EBITDA margin as a percentage of net sales improved to 21.7 percent in the fourth quarter versus 21.4 percent last year. Excluding a negative foreign exchange impact of $1.1 million, segment adjusted EBITDA increased 3.4 percent in this year’s fourth quarter.

The Global Pet Supplies segment achieved record net sales of $621.8 million and record adjusted EBITDA of $120.0 million in fiscal 2013, resulting in a record annual adjusted EBITDA margin of 19.3 percent.

Home and Garden

The Home and Garden segment reported record fourth quarter net sales of $101.4 million, an increase of 17.8 percent compared to $86.1 million in fiscal 2012. Revenues increased in each of the segment’s three product categories – lawn and garden controls, household insect controls, and outdoor repellents – as a result of strong POS and related retailer orders driven by the extended selling season and favorable weather conditions.

7 of 20

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs