Spectrum Brands Holdings, Inc.
Fiscal Year Ended September 30, 2017
| | | | | | | | | | | | |
| | Quarter Ended |
(in millions, except per share amounts) | | September 30, 2017 | | July 2, 2017 | | April 2, 2017 | | January 1, 2017 |
Net sales | | $ | 787.8 | | $ | 862.9 | | $ | 756.5 | | $ | 602.3 |
Cost of goods sold | | | 476.2 | | | 531.5 | | | 445.6 | | | 362.1 |
Restructuring and related charges | | | 1.6 | | | 11.2 | | | 4.1 | | | 1.1 |
Gross profit | | | 310.0 | | | 320.2 | | | 306.8 | | | 239.1 |
Selling | | | 120.0 | | | 127.9 | | | 119.3 | | | 106.6 |
General and administrative | | | 85.0 | | | 59.0 | | | 68.4 | | | 60.2 |
Research and development | | | 6.3 | | | 7.2 | | | 7.0 | | | 6.6 |
Acquisition and integration related charges | | | 4.0 | | | 5.2 | | | 3.2 | | | 3.3 |
Restructuring and related charges | | | 27.4 | | | 10.0 | | | 3.8 | | | 1.1 |
Write-off from impairment of intangible assets | | | 16.3 | | | — | | | — | | | — |
Total operating expenses | | | 259.0 | | | 209.3 | | | 201.7 | | | 177.8 |
Operating income | | | 51.0 | | | 110.9 | | | 105.1 | | | 61.3 |
Interest expense | | | 39.3 | | | 39.8 | | | 38.8 | | | 43.1 |
Other non-operating expense, net | | | 2.6 | | | 1.4 | | | 2.0 | | | (1.0) |
Income from continuing operations before income taxes | | | 9.1 | | | 69.7 | | | 64.3 | | | 19.2 |
Income tax (benefit) expense | | | (13.3) | | | 19.4 | | | 24.4 | | | 6.7 |
Net income from continuing operations | | | 22.4 | | | 50.3 | | | 39.9 | | | 12.5 |
Income from discontinued operations, net of tax | | | 72.3 | | | 28.3 | | | 18.7 | | | 52.7 |
Net income | | | 94.7 | | | 78.6 | | | 58.6 | | | 65.2 |
Net (loss) income attributable to non-controlling interest | | | (0.2) | | | 1.7 | | | (0.2) | | | — |
Net income attributable to controlling interest | | $ | 94.9 | | $ | 76.9 | | $ | 58.8 | | $ | 65.2 |
Amounts attributable to controlling interest | | | | | | | | | | | | |
Net income from continuing operations attributable to controlling interest | | $ | 22.4 | | $ | 50.3 | | $ | 39.9 | | $ | 12.4 |
Net Income from discontinued operations attributable to controlling interest | | | 72.5 | | | 26.6 | | | 18.9 | | | 52.8 |
Net Income attributable to controlling interest | | $ | 94.9 | | $ | 76.9 | | $ | 58.8 | | $ | 65.2 |
Earnings Per Share | | | | | | | | | | | | |
Basic earnings per share from continuing operations | | $ | 0.39 | | $ | 0.86 | | $ | 0.68 | | $ | 0.21 |
Basic earnings per share from discontinued operations | | | 1.25 | | | 0.45 | | | 0.32 | | | 0.89 |
Basic earnings per share | | $ | 1.64 | | $ | 1.31 | | $ | 1.00 | | $ | 1.10 |
Diluted earnings per share from continuing operations | | $ | 0.38 | | $ | 0.86 | | $ | 0.68 | | $ | 0.21 |
Diluted earnings per share from discontinued operations | | | 1.25 | | | 0.45 | | | 0.32 | | | 0.89 |
Diluted earnings per share | | $ | 1.63 | | $ | 1.31 | | $ | 1.00 | | $ | 1.10 |
Dividends per share | | $ | 0.42 | | $ | 0.42 | | $ | 0.42 | | $ | 0.38 |
Weighted Average Shares Outstanding | | | | | | | | | | | | |
Basic | | | 57.8 | | | 58.7 | | | 58.8 | | | 59.3 |
Diluted | | | 58.1 | | | 58.9 | | | 59.0 | | | 59.5 |
Spectrum Brands Holdings, Inc.
Fiscal Year Ended September 30, 2016
| | | | | | | | | | | | |
| | Quarter Ended |
(in millions, except per share amounts) | | September 30, 2016 | | July 3, 2016 | | April 3, 2016 | | January 3, 2016 |
Net sales | | $ | 729.8 | | $ | 907.5 | | $ | 784.7 | | $ | 607.5 |
Cost of goods sold | | | 424.6 | | | 531.4 | | | 464.0 | | | 371.6 |
Restructuring and related charges | | | — | | | — | | | 0.2 | | | — |
Gross profit | | | 305.2 | | | 376.1 | | | 320.5 | | | 235.9 |
Selling | | | 119.5 | | | 130.8 | | | 120.8 | | | 106.4 |
General and administrative | | | 68.1 | | | 65.5 | | | 70.3 | | | 61.0 |
Research and development | | | 7.6 | | | 7.0 | | | 6.5 | | | 5.9 |
Acquisition and integration related charges | | | 4.4 | | | 7.5 | | | 12.6 | | | 9.6 |
Restructuring and related charges | | | 7.0 | | | 4.7 | | | 1.1 | | | 0.9 |
Write-off from impairment of intangible assets | | | 2.7 | | | — | | | — | | | — |
Total operating expenses | | | 209.3 | | | 215.5 | | | 211.3 | | | 183.8 |
Operating income | | | 95.9 | | | 160.6 | | | 109.2 | | | 52.1 |
Interest expense | | | 59.4 | | | 40.4 | | | 40.9 | | | 41.3 |
Other non-operating expense, net | | | 1.3 | | | 1.0 | | | 1.0 | | | 1.4 |
Income from continuing operations before income taxes | | | 35.2 | | | 119.2 | | | 67.3 | | | 9.4 |
Income tax (benefit) expense | | | (35.6) | | | 2.8 | | | (12.1) | | | (5.1) |
Net income from continuing operations | | | 70.8 | | | 116.4 | | | 79.4 | | | 14.5 |
Income (loss) from discontinued operations, net of tax | | | 18.3 | | | (14.3) | | | 13.3 | | | 59.2 |
Net income | | | 89.1 | | | 102.1 | | | 92.7 | | | 73.7 |
Net income attributable to non-controlling interest | | | 0.1 | | | 0.2 | | | 0.1 | | | 0.1 |
Net income attributable to controlling interest | | $ | 89.0 | | $ | 101.9 | | $ | 92.6 | | $ | 73.6 |
Amounts attributable to controlling interest | | | | | | | | | | | | |
Net income from continuing operations attributable to controlling interest | | $ | 70.5 | | $ | 116.0 | | $ | 79.2 | | $ | 14.3 |
Net Income (loss) from discontinued operations attributable to controlling interest | | | 18.5 | | | (14.1) | | | 13.4 | | | 59.3 |
Net Income attributable to controlling interest | | $ | 89.0 | | $ | 101.9 | | $ | 92.6 | | $ | 73.6 |
Earnings (Loss) Per Share | | | | | | | | | | | | |
Basic earnings per share from continuing operations | | $ | 1.19 | | $ | 1.96 | | $ | 1.33 | | $ | 0.24 |
Basic earnings (loss) per share from discontinued operations | | | 0.31 | | | (0.24) | | | 0.23 | | | 1.00 |
Basic earnings per share | | $ | 1.50 | | $ | 1.72 | | $ | 1.56 | | $ | 1.24 |
Diluted earnings per share from continuing operations | | $ | 1.18 | | $ | 1.95 | | $ | 1.33 | | $ | 0.24 |
Diluted earnings (loss) per share from discontinued operations | | | 0.31 | | | (0.24) | | | 0.22 | | | 1.00 |
Diluted earnings per share | | $ | 1.49 | | $ | 1.71 | | $ | 1.55 | | $ | 1.24 |
Dividends per share | | $ | 0.38 | | $ | 0.38 | | $ | 0.38 | | $ | 0.33 |
Weighted Average Shares Outstanding | | | | | | | | | | | | |
Basic | | | 59.4 | | | 59.4 | | | 59.4 | | | 59.2 |
Diluted | | | 59.8 | | | 59.6 | | | 59.5 | | | 59.4 |
SB/RH Holdings, LLC
Fiscal Year Ended September 30, 2017
| | | | | | | | | | | | |
| | Quarter Ended |
(in millions) | | September 30, 2017 | | July 2, 2017 | | April 2, 2017 | | January 1, 2017 |
Net sales | | $ | 787.8 | | $ | 862.9 | | $ | 756.5 | | $ | 602.3 |
Cost of goods sold | | | 476.2 | | | 531.5 | | | 445.6 | | | 362.1 |
Restructuring and related charges | | | 1.6 | | | 11.2 | | | 4.1 | | | 1.1 |
Gross profit | | | 310.0 | | | 320.2 | | | 306.8 | | | 239.1 |
Selling | | | 120.0 | | | 127.9 | | | 119.3 | | | 106.6 |
General and administrative | | | 82.5 | | | 57.9 | | | 64.9 | | | 59.1 |
Research and development | | | 6.3 | | | 7.2 | | | 7.0 | | | 6.6 |
Acquisition and integration related charges | | | 4.0 | | | 5.2 | | | 3.2 | | | 3.3 |
Restructuring and related charges | | | 27.4 | | | 10.0 | | | 3.8 | | | 1.1 |
Write-off from impairment of intangible assets | | | 16.3 | | | — | | | — | | | — |
Total operating expenses | | | 256.5 | | | 208.2 | | | 198.2 | | | 176.7 |
Operating income | | | 53.5 | | | 112.0 | | | 108.6 | | | 62.4 |
Interest expense | | | 39.3 | | | 39.8 | | | 38.9 | | | 43.3 |
Other non-operating expense, net | | | 2.6 | | | 1.4 | | | 2.0 | | | (1.0) |
Income from continuing operations before income taxes | | | 11.6 | | | 70.8 | | | 67.7 | | | 20.1 |
Income tax (benefit) expense | | | (12.1) | | | 19.7 | | | 25.6 | | | 7.9 |
Net income from continuing operations | | | 23.7 | | | 51.1 | | | 42.1 | | | 12.2 |
Income from discontinued operations, net of tax | | | 72.3 | | | 28.3 | | | 18.7 | | | 52.7 |
Net income | | | 96.0 | | | 79.4 | | | 60.8 | | | 64.9 |
Net (loss) income attributable to non-controlling interest | | | (0.2) | | | 1.7 | | | (0.2) | | | (0.1) |
Net income attributable to controlling interest | | $ | 96.2 | | $ | 77.7 | | $ | 61.0 | | $ | 65.0 |
Amounts attributable to controlling interest | | | | | | | | | | | | |
Net income from continuing operations attributable to controlling interest | | $ | 23.7 | | $ | 51.1 | | $ | 42.1 | | $ | 12.2 |
Net income from discontinued operations attributable to controlling interest | | | 72.5 | | | 26.6 | | | 18.9 | | | 52.8 |
Net income attributable to controlling interest | | $ | 96.2 | | $ | 77.7 | | $ | 61.0 | | $ | 65.0 |
SB/RH Holdings, LLC
Fiscal Year Ended September 30, 2016
| | | | | | | | | | | | |
| | Quarter Ended |
(in millions) | | September 30, 2016 | | July 3, 2016 | | April 3, 2016 | | January 3, 2016 |
Net sales | | $ | 729.8 | | $ | 907.5 | | $ | 784.7 | | $ | 607.5 |
Cost of goods sold | | | 424.6 | | | 531.4 | | | 464.0 | | | 371.6 |
Restructuring and related charges | | | — | | | — | | | 0.2 | | | — |
Gross profit | | | 305.2 | | | 376.1 | | | 320.5 | | | 235.9 |
Selling | | | 119.5 | | | 130.8 | | | 120.8 | | | 106.3 |
General and administrative | | | 66.9 | | | 64.1 | | | 69.0 | | | 59.3 |
Research and development | | | 7.6 | | | 7.0 | | | 6.5 | | | 5.9 |
Acquisition and integration related charges | | | 4.4 | | | 7.5 | | | 12.6 | | | 9.6 |
Restructuring and related charges | | | 7.0 | | | 4.7 | | | 1.1 | | | 0.9 |
Write-off from impairment of intangible assets | | | 2.7 | | | — | | | — | | | — |
Total operating expenses | | | 208.1 | | | 214.1 | | | 210.0 | | | 182.0 |
Operating income | | | 97.1 | | | 162.0 | | | 110.5 | | | 53.9 |
Interest expense | | | 59.4 | | | 40.4 | | | 40.8 | | | 41.3 |
Other non-operating expense, net | | | 1.3 | | | 1.0 | | | 1.0 | | | 1.4 |
Income from continuing operations before income taxes | | | 36.4 | | | 120.6 | | | 68.7 | | | 11.2 |
Income tax (benefit) expense | | | (34.3) | | | 1.1 | | | (0.6) | | | (5.1) |
Net income from continuing operations | | | 70.7 | | | 119.5 | | | 69.3 | | | 16.3 |
Income (loss) from discontinued operations, net of tax | | | 18.3 | | | (14.3) | | | 13.3 | | | 59.2 |
Net income | | | 89.0 | | | 105.2 | | | 82.6 | | | 75.5 |
Net income attributable to non-controlling interest | | | 0.1 | | | 0.1 | | | 0.1 | | | 0.1 |
Net income attributable to controlling interest | | $ | 88.9 | | $ | 105.1 | | $ | 82.5 | | $ | 75.4 |
Amounts attributable to controlling interest | | | | | | | | | | | | |
Net income from continuing operations attributable to controlling interest | | $ | 70.4 | | $ | 119.2 | | $ | 69.1 | | $ | 16.1 |
Net Income (loss) from discontinued operations attributable to controlling interest | | | 18.5 | | | (14.1) | | | 13.4 | | | 59.3 |
Net Income attributable to controlling interest | | $ | 88.9 | | $ | 105.1 | | $ | 82.5 | | $ | 75.4 |
