Exhibit 99.7
Spectrum Brands Holdings, Inc.
Fiscal Year Ended September 30, 2017
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| 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 |
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| 531.5 |
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| 445.6 |
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| 362.1 |
Restructuring and related charges |
|
| 1.6 |
|
| 11.2 |
|
| 4.1 |
|
| 1.1 |
Gross profit |
|
| 310.0 |
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| 320.2 |
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| 306.8 |
|
| 239.1 |
Selling |
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| 120.0 |
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| 127.9 |
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| 119.3 |
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| 106.6 |
General and administrative |
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| 85.0 |
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| 59.0 |
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| 68.4 |
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| 60.2 |
Research and development |
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| 6.3 |
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| 7.2 |
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| 7.0 |
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| 6.6 |
Acquisition and integration related charges |
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| 4.0 |
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| 5.2 |
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| 3.2 |
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| 3.3 |
Restructuring and related charges |
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| 27.4 |
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| 10.0 |
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| 3.8 |
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| 1.1 |
Write-off from impairment of intangible assets |
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| 16.3 |
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| — |
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| — |
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| — |
Total operating expenses |
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| 259.0 |
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| 209.3 |
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| 201.7 |
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| 177.8 |
Operating income |
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| 51.0 |
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| 110.9 |
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| 105.1 |
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| 61.3 |
Interest expense |
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| 39.3 |
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| 39.8 |
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| 38.8 |
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| 43.1 |
Other non-operating expense, net |
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| 2.6 |
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| 1.4 |
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| 2.0 |
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| (1.0) |
Income from continuing operations before income taxes |
|
| 9.1 |
|
| 69.7 |
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| 64.3 |
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| 19.2 |
Income tax (benefit) expense |
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| (13.3) |
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| 19.4 |
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| 24.4 |
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| 6.7 |
Net income from continuing operations |
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| 22.4 |
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| 50.3 |
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| 39.9 |
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| 12.5 |
Income from discontinued operations, net of tax |
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| 72.3 |
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| 28.3 |
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| 18.7 |
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| 52.7 |
Net income |
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| 94.7 |
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| 78.6 |
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| 58.6 |
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| 65.2 |
Net (loss) income attributable to non-controlling interest |
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| (0.2) |
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| 1.7 |
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| (0.2) |
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| — |
Net income attributable to controlling interest |
| $ | 94.9 |
| $ | 76.9 |
| $ | 58.8 |
| $ | 65.2 |
Amounts attributable to controlling interest |
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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 |
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| 72.5 |
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| 26.6 |
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| 18.9 |
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| 52.8 |
Net Income attributable to controlling interest |
| $ | 94.9 |
| $ | 76.9 |
| $ | 58.8 |
| $ | 65.2 |
Earnings Per Share |
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Basic earnings per share from continuing operations |
| $ | 0.39 |
| $ | 0.86 |
| $ | 0.68 |
| $ | 0.21 |
Basic earnings per share from discontinued operations |
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| 1.25 |
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| 0.45 |
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| 0.32 |
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| 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 |
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| 1.25 |
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| 0.45 |
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| 0.32 |
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| 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 |
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Basic |
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| 57.8 |
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| 58.7 |
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| 58.8 |
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| 59.3 |
Diluted |
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| 58.1 |
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| 58.9 |
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| 59.0 |
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| 59.5 |
Exhibit 99.7
Spectrum Brands Holdings, Inc.
Fiscal Year Ended September 30, 2016
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| 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 |
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| 424.6 |
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| 531.4 |
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| 464.0 |
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| 371.6 |
Restructuring and related charges |
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| — |
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| — |
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| 0.2 |
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| — |
Gross profit |
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| 305.2 |
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| 376.1 |
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| 320.5 |
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| 235.9 |
Selling |
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| 119.5 |
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| 130.8 |
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| 120.8 |
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| 106.4 |
General and administrative |
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| 68.1 |
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| 65.5 |
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| 70.3 |
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| 61.0 |
Research and development |
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| 7.6 |
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| 7.0 |
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| 6.5 |
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| 5.9 |
Acquisition and integration related charges |
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| 4.4 |
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| 7.5 |
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| 12.6 |
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| 9.6 |
Restructuring and related charges |
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| 7.0 |
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| 4.7 |
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| 1.1 |
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| 0.9 |
Write-off from impairment of intangible assets |
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| 2.7 |
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| — |
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| — |
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| — |
Total operating expenses |
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| 209.3 |
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| 215.5 |
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| 211.3 |
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| 183.8 |
Operating income |
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| 95.9 |
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| 160.6 |
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| 109.2 |
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| 52.1 |
Interest expense |
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| 59.4 |
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| 40.4 |
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| 40.9 |
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| 41.3 |
Other non-operating expense, net |
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| 1.3 |
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| 1.0 |
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| 1.0 |
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| 1.4 |
Income from continuing operations before income taxes |
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| 35.2 |
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| 119.2 |
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| 67.3 |
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| 9.4 |
Income tax (benefit) expense |
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| (35.6) |
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| 2.8 |
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| (12.1) |
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| (5.1) |
Net income from continuing operations |
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| 70.8 |
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| 116.4 |
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| 79.4 |
|
| 14.5 |
Income (loss) from discontinued operations, net of tax |
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| 18.3 |
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| (14.3) |
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| 13.3 |
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| 59.2 |
Net income |
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| 89.1 |
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| 102.1 |
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| 92.7 |
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| 73.7 |
Net income attributable to non-controlling interest |
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| 0.1 |
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| 0.2 |
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| 0.1 |
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| 0.1 |
Net income attributable to controlling interest |
| $ | 89.0 |
| $ | 101.9 |
| $ | 92.6 |
| $ | 73.6 |
Amounts attributable to controlling interest |
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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 |
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| 18.5 |
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| (14.1) |
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| 13.4 |
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| 59.3 |
Net Income attributable to controlling interest |
| $ | 89.0 |
| $ | 101.9 |
| $ | 92.6 |
| $ | 73.6 |
Earnings (Loss) Per Share |
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Basic earnings per share from continuing operations |
| $ | 1.19 |
| $ | 1.96 |
| $ | 1.33 |
| $ | 0.24 |
Basic earnings (loss) per share from discontinued operations |
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| 0.31 |
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| (0.24) |
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| 0.23 |
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| 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 |
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| 0.31 |
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| (0.24) |
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| 0.22 |
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| 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 |
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Basic |
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| 59.4 |
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| 59.4 |
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| 59.4 |
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| 59.2 |
Diluted |
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| 59.8 |
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| 59.6 |
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| 59.5 |
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| 59.4 |
Exhibit 99.7
SB/RH Holdings, LLC
Fiscal Year Ended September 30, 2017
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| 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 |
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| 531.5 |
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| 445.6 |
|
| 362.1 |
Restructuring and related charges |
|
| 1.6 |
|
| 11.2 |
|
| 4.1 |
|
| 1.1 |
Gross profit |
|
| 310.0 |
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| 320.2 |
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| 306.8 |
|
| 239.1 |
Selling |
|
| 120.0 |
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| 127.9 |
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| 119.3 |
|
| 106.6 |
General and administrative |
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| 82.5 |
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| 57.9 |
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| 64.9 |
|
| 59.1 |
Research and development |
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| 6.3 |
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| 7.2 |
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| 7.0 |
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| 6.6 |
Acquisition and integration related charges |
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| 4.0 |
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| 5.2 |
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| 3.2 |
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| 3.3 |
Restructuring and related charges |
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| 27.4 |
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| 10.0 |
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| 3.8 |
|
| 1.1 |
Write-off from impairment of intangible assets |
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| 16.3 |
|
| — |
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| — |
|
| — |
Total operating expenses |
|
| 256.5 |
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| 208.2 |
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| 198.2 |
|
| 176.7 |
Operating income |
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| 53.5 |
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| 112.0 |
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| 108.6 |
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| 62.4 |
Interest expense |
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| 39.3 |
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| 39.8 |
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| 38.9 |
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| 43.3 |
Other non-operating expense, net |
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| 2.6 |
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| 1.4 |
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| 2.0 |
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| (1.0) |
Income from continuing operations before income taxes |
|
| 11.6 |
|
| 70.8 |
|
| 67.7 |
|
| 20.1 |
Income tax (benefit) expense |
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| (12.1) |
|
| 19.7 |
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| 25.6 |
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| 7.9 |
Net income from continuing operations |
|
| 23.7 |
|
| 51.1 |
|
| 42.1 |
|
| 12.2 |
Income from discontinued operations, net of tax |
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| 72.3 |
|
| 28.3 |
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| 18.7 |
|
| 52.7 |
Net income |
|
| 96.0 |
|
| 79.4 |
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| 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 |
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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 |
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| 72.5 |
|
| 26.6 |
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| 18.9 |
|
| 52.8 |
Net income attributable to controlling interest |
| $ | 96.2 |
| $ | 77.7 |
| $ | 61.0 |
| $ | 65.0 |
Exhibit 99.7
SB/RH Holdings, LLC
Fiscal Year Ended September 30, 2016
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| 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 |
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| 531.4 |
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| 464.0 |
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| 371.6 |
Restructuring and related charges |
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| — |
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| — |
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| 0.2 |
|
| — |
Gross profit |
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| 305.2 |
|
| 376.1 |
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| 320.5 |
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| 235.9 |
Selling |
|
| 119.5 |
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| 130.8 |
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| 120.8 |
|
| 106.3 |
General and administrative |
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| 66.9 |
|
| 64.1 |
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| 69.0 |
|
| 59.3 |
Research and development |
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| 7.6 |
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| 7.0 |
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| 6.5 |
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| 5.9 |
Acquisition and integration related charges |
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| 4.4 |
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| 7.5 |
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| 12.6 |
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| 9.6 |
Restructuring and related charges |
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| 7.0 |
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| 4.7 |
|
| 1.1 |
|
| 0.9 |
Write-off from impairment of intangible assets |
|
| 2.7 |
|
| — |
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| — |
|
| — |
Total operating expenses |
|
| 208.1 |
|
| 214.1 |
|
| 210.0 |
|
| 182.0 |
Operating income |
|
| 97.1 |
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| 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 |
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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 |