NYSE$SPB
Spectrum Brands Holdings Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Spectrum Brands' first quarter of fiscal 2021 reflected exceptional sales growth and strong operating leverage.
Spectrum Brands Holdings reported exceptional sales growth and strong operating leverage in Q1 2021, with net sales increasing by 31.4% and adjusted EBITDA doubling to $204 million. The company is raising its 2021 earnings framework to reflect expected net sales and adjusted EBITDA growth of high single-digits.
- Net sales increased 31.4% and organic net sales increased 27.8%, with growth across all business units.
- GAAP net income from continuing operations increased $110.9 million to $73.2 million.
- Adjusted EBITDA increased $101.9 million or 99.7% to $204.1 million.
- Maintained strong financial flexibility with over $800 million of total liquidity.
Headline financials
Revenue & EPS history
Spectrum Brands · Revenue · Quarterly
$1.15B
Revenue by segment
Spectrum Brands · $736M total across 3 segments · Q1 2021
- Home & Personal Care$379M—51.4%
- Global Pet Care$276M—37.4%
- Home & Garden$82.3M—11.2%
Forward guidance
Spectrum Brands now expects high single-digit reported net sales growth and adjusted EBITDA is also expected to increase high single-digits.
Headwinds
- Transportation and commodity related inflation are expected to partially offset the leverage from the higher expected net sales.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.8%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+2.1%
Avg return
30 days after
63%
40 / 64 earnings
Positive
+18.1%
Q4 2019
Best reaction
-26.0%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -7.8% | -5.3% | -4.2% | |
| Q1 2026 | +10.2% | +8.9% | +11.8% | |
| Q4 2025 | +10.0% | +2.0% | +15.2% | |
| Q2 2025 | +3.8% | +8.4% | -9.7% | |
| Q1 2025 | -7.7% | -7.7% | -9.2% | |
| Q4 2024 | -3.9% | -5.3% | -3.6% | |
| Q3 2024 | +7.4% | +9.1% | +12.6% | |
| Q2 2024 | +12.2% | +11.8% | +6.9% | |
| Q1 2024 | +7.4% | +6.2% | +4.4% | |
| Q4 2023 | -14.0% | -14.6% | +3.3% | |
| Q3 2023 | +4.7% | +2.7% | +8.8% | |
| Q2 2023 | +2.7% | +0.7% | +3.4% | |
| Q1 2023 | +1.2% | +2.7% | -7.9% | |
| Q4 2022 | -2.7% | +0.3% | +16.7% | |
| Q3 2022 | +1.2% | -3.0% | -12.9% | |
| Q2 2022 | +7.2% | +4.0% | +4.6% | |
| Q1 2022 | -0.8% | +3.3% | -0.4% | |
| Q4 2021 | +11.4% | +12.4% | +3.8% | |
| Q3 2021 | -1.9% | -1.9% | -5.3% | |
| Q2 2021 | +3.7% | -1.6% | -5.8% | |
| Q1 2021 | +3.2% | +1.7% | +0.3% | |
| Q4 2020 | +2.3% | +2.7% | +9.9% | |
| Q3 2020 | +8.6% | +6.7% | +13.0% | |
| Q2 2020 | -2.4% | -0.7% | +10.3% | |
| Q1 2020 | -0.6% | -4.3% | -12.7% | |
| Q4 2019 | +18.1% | +21.3% | +20.3% | |
| Q3 2019 | +9.0% | +6.4% | +19.6% | |
| Q2 2019 | +4.8% | -0.0% | -7.4% | |
| Q1 2019 | -18.4% | -14.4% | -3.3% | |
| Q4 2018 | -17.0% | -13.4% | -26.8% | |
| Q3 2018 | +13.7% | +13.7% | +18.4% | |
| Q2 2018 | -26.0% | -21.9% | -15.1% | |
| Q1 2018 | -3.9% | -7.4% | -9.8% | |
| Q4 2017 | +12.8% | +16.7% | +15.8% | |
| Q3 2017 | -3.5% | -3.6% | -9.3% | |
| Q2 2017 | -9.8% | -8.9% | -2.7% | |
| Q1 2017 | +6.7% | +4.5% | +14.0% | |
| Q4 2016 | -1.0% | +3.8% | +1.3% | |
| Q3 2016 | +7.0% | +7.3% | +15.4% | |
| Q2 2016 | +2.0% | — | — | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +3.6% | — | — | |
| Q3 2015 | -2.9% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | +3.8% | — | — | |
| Q4 2014 | -3.1% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | +5.1% | — | — | |
| Q4 2013 | +4.0% | — | — | |
| Q3 2013 | +3.7% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2011 | -3.4% | — | — | |
| Q4 2012 | -10.8% | — | — | |
| Q3 2012 | +0.0% | — | — | |
| Q2 2012 | +1.0% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q1 2012 | +2.0% | — | — | |
| Q2 2011 | +0.7% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q3 2011 | +0.3% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q2 2010 | -4.2% | — | — |
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