On August 11 2023, Spectrum Brands ($NYSE:SPB) released their earnings results for the third quarter of FY2023, which ended on June 30 2023. The company reported total revenue for the quarter at USD 735.5 million, a 10.1% decrease compared to the same period in the previous year. Despite this, net income climbed to USD 1859.2 million, a remarkable increase from the USD 32.7 million reported in the same quarter of the prior year.
The company’s stock opened at $77.4 and closed at $77.3, indicating an increase of 3.0% from its previous closing price of 75.1. This further solidifies the performance of the company in the current fiscal year. The report included key financial indicators that showed a positive trend in the overall financial performance of the company. These impressive numbers demonstrate the positive results that SPECTRUM BRANDS has achieved in the current fiscal year.
Investors have responded positively to the growth in the company’s stock price and have shown a lot of confidence in SPECTRUM BRANDS’ ability to generate sustainable profits over time. Overall, the company has performed well in the third quarter of FY2023 and is projected to continue its positive trend in the coming quarters. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Spectrum Brands. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spectrum Brands. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spectrum Brands. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Spectrum Brands are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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GoodWhale conducted an analysis of SPECTRUM BRANDS‘ financials and found that, based on our Star Chart classification, SPECTRUM BRANDS is a ‘cow’ – a type of company with a track record of paying out consistent and sustainable dividends. This type of company may be attractive to investors seeking a steady income stream. Our analysis also revealed that SPECTRUM BRANDS is strong in asset and dividend categories, and medium in profitability. Growth was the only weak category. In terms of general financial health, the company scored an 8/10, indicating that its cashflows and debt are in good standing and it is capable of weathering a crisis without the risk of bankruptcy. More…
Risk Rating Analysis
Star Chart Analysis
Despite the intense competition, Spectrum Brands Holdings Inc has been able to remain a top player in the industry by focusing on innovation, customer service, and providing high-quality products at competitive prices.
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Investors in Spectrum Brands may be pleased with their third quarter financial results for FY2023, which saw total revenue decrease by 10.1%, but net income rise to USD 1859.2 million. This was a stark contrast from the same period the previous year, when net income was only USD 32.7 million. On the heels of this news, the company’s stock price moved up, suggesting that investors have felt confident in the financial performance of the company. As Spectrum Brands continues to adapt to changing markets and implement strategies to drive growth, investors can stay on top of their performance to ensure their investments remain sound.