--- title: "Spectrum Brands | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 753.3 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295221493.md" datetime: "2026-08-07T10:46:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295221493.md) - [en](https://longbridge.com/en/news/295221493.md) - [zh-HK](https://longbridge.com/zh-HK/news/295221493.md) generator: "portal-rs" --- # Spectrum Brands | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 753.3 M Revenue: As of FY2026 Q3, the actual value is USD 753.3 M, beating the estimate of USD 731.55 M. EPS: As of FY2026 Q3, the actual value is USD -1.11, missing the estimate of USD 1.495. EBIT: As of FY2026 Q3, the actual value is USD 22.9 M. ### Overall Company Performance (Three Months Ended June 28, 2026 vs June 29, 2025) #### Revenue - **Net Sales**: Spectrum Brands Holdings, Inc. reported net sales of $753.3 million for the third quarter of fiscal 2026, an increase of 7.7% compared to $699.6 million in the prior year period. Organic net sales, excluding $7.5 million of favorable foreign exchange rates, increased by 6.6%. #### Profitability - **Gross Profit**: Gross profit was $370.4 million, up 40.2% from $264.1 million in the prior year. Gross profit margin increased by 1,140 basis points to 49.2% from 37.8%. Excluding tariff refunds of $60.6 million, gross profit increased by $45.7 million, and gross margins improved by 330 basis points. - **Operating Income**: Operating income decreased by -49.2% to $15.9 million, down from $31.3 million in the prior year, primarily due to higher operating expenses partially offset by increased gross profit. - **Net Loss from Continuing Operations**: The company reported a net loss from continuing operations of -$20.3 million, a decrease of -$40.8 million compared to net income of $20.5 million in the prior year, including a one-time non-cash impairment charge on the Home & Personal Care (HPC) business. - **Adjusted EBITDA**: Adjusted EBITDA from continuing operations increased by 106.7% to $158.3 million, up from $76.6 million. The adjusted EBITDA margin improved by 1,010 basis points to 21.0% from 10.9%. - **Adjusted EBITDA (Excluding Tariff Refunds)**: Excluding $60.6 million of IEEPA tariff refunds, Adjusted EBITDA was $97.7 million, representing an increase of $21.1 million or 27.5%. The adjusted EBITDA margin, excluding tariff refunds, increased by 200 basis points. #### Operational Metrics - **Net Debt Leverage**: Spectrum Brands Holdings, Inc. ended the third quarter with a net debt leverage of 1.02x Adjusted EBITDA. #### Liquidity and Debt (As of June 28, 2026) - **Cash Balance**: The company had a cash balance of $258.9 million. - **Total Liquidity**: Total liquidity was $753.7 million, including $494.8 million in undrawn capacity on its cash flow revolver. - **Total Debt Outstanding**: Total debt outstanding was $633.0 million, with no outstanding borrowings on the revolver, $496.1 million in senior unsecured notes, a $60.0 million term loan within the HPC business, and $76.9 million in finance leases. - **Net Debt**: Net debt stood at $374.1 million. ### Segment Performance (Three Months Ended June 28, 2026 vs June 29, 2025) #### Global Pet Care (GPC) - **Net Sales**: Net sales increased by 3.3% to $263.7 million from $255.2 million. Organic net sales increased by 2.9%, excluding favorable foreign currency impacts. - **Adjusted EBITDA**: Adjusted EBITDA was $84.4 million, up 91.8% from $44.0 million. The adjusted EBITDA margin increased by 1,480 basis points to 32.0% from 17.2%. - **Adjusted EBITDA (Excluding Tariff Refunds)**: Excluding tariff refunds, adjusted EBITDA was $51.9 million, an increase of $7.9 million, with an adjusted EBITDA margin of 19.7%, an improvement of 250 basis points. #### Home & Garden (H&G) - **Net Sales**: Net sales increased by 19.0% to $225.2 million from $189.2 million. Organic net sales increased by 19.1%. - **Adjusted EBITDA**: Adjusted EBITDA was $50.4 million, up 30.6% from $38.6 million. The adjusted EBITDA margin increased by 200 basis points to 22.4% from 20.4%. - **Adjusted EBITDA (Excluding Tariff Refunds)**: Excluding tariff refunds, adjusted EBITDA was $48.4 million, an increase of $9.8 million, with an adjusted EBITDA margin of 21.5%, an improvement of 110 basis points. #### Home & Personal Care (HPC) - **Net Sales**: Net sales increased by 3.6% to $264.4 million from $255.2 million. Organic net sales increased by 1.1%, excluding favorable foreign currency impacts. - **Adjusted EBITDA**: Adjusted EBITDA was $40.6 million, up 480.0% from $7.0 million. The adjusted EBITDA margin increased by 1,270 basis points to 15.4% from 2.7%. - **Adjusted EBITDA (Excluding Tariff Refunds)**: Excluding tariff refunds, adjusted EBITDA was $14.4 million, an increase of $7.4 million, with an adjusted EBITDA margin of 5.4%, an improvement of 270 basis points. ### Cash Flow (Nine Months Ended June 28, 2026 vs June 29, 2025) #### Operating Cash Flow - **Net Cash Provided by Operating Activities from Continuing Operations**: Net cash provided by operating activities from continuing operations was $161.2 million, compared to $33.1 million in the prior year period. - **Purchases of Property, Plant and Equipment**: Purchases of property, plant and equipment were -$27.2 million, compared to -$25.1 million in the prior year period. #### Free Cash Flow - **Free Cash Flow**: Free cash flow was $134.0 million, compared to $8.0 million in the prior year period. - **Adjusted Free Cash Flow**: Adjusted free cash flow was $136.1 million, compared to $12.6 million in the prior year period. ### Outlook / Guidance Spectrum Brands Holdings, Inc. is focused on its business and M&A strategy, including ERP platform transformation and productivity expectations, and plans to separate its Home and Personal Care (HPC) business to create an independent Global Appliances business, while forming a pure-play consumer products company comprising its Global Pet Care (GPC) and Home & Garden (H&G) businesses. For fiscal 2026, the company continues to expect net sales to be flat to up low single digits. Reflecting strong year-to-date results, Spectrum Brands Holdings, Inc. is raising its Adjusted EBITDA expectation, excluding tariff refunds, to be up mid-single digits, with the framework for adjusted free cash flow remaining unchanged, expecting approximately 50% conversion of adjusted EBITDA (excluding tariff refunds). ### Related Stocks - [SPB.US](https://longbridge.com/en/quote/SPB.US.md) ## Related News & Research - [Spectrum Brands Analysts Boost Their Forecasts Following Better-Than-Expected Q3 Earnings](https://longbridge.com/en/news/295431088.md) - [Spectrum Brands Slips To Loss In Q3; Affirms FY26 Sales Growth Outlook; Stock Up 7.7%](https://longbridge.com/en/news/295227866.md) - [Ameriprise Financial declares Q3 2026 dividend of R$ 1.48 per unit](https://longbridge.com/en/news/297021432.md) - [Photronics Q3 revenue and adjusted EPS beat estimates](https://longbridge.com/en/news/297033957.md) - [Halliburton declares Q3 2026 dividend of R$ 0.59 per unit](https://longbridge.com/en/news/296949616.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**