Spectrum Brands Holdings Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
SPB$88.69-0.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income for the
Condensed Consolidated Statements of Income
| Three Month Periods Ended | Six Month Periods Ended | |||
|---|---|---|---|---|
| (in millions) | March 31, 2024 | April 2, 2023 | March 31, 2024 | April 2, 2023 |
| Net sales | $718.5 | $729.2 | $1,410.7 | $1,442.5 |
| Cost of goods sold | 445.1 | 514.7 | 892.3 | 1,026.1 |
| Gross profit | 273.4 | 214.5 | 518.4 | 416.4 |
| Selling, general and administrative | 222.9 | 223.8 | 438.4 | 447.4 |
| Impairment of intangible assets | 39.0 | 67.0 | 43.0 | 67.0 |
| Representation and warranty insurance proceeds | (65.0) | — | (65.0) | — |
| Gain from remeasurement of contingent consideration liability | — | — | — | (1.5) |
| Total operating expenses | 196.9 | 290.8 | 416.4 | 512.9 |
| Operating income (loss) | 76.5 | (76.3) | 102.0 | (96.5) |
| Interest expense | 16.9 | 31.7 | 36.1 | 65.1 |
| Interest income | (17.5) | (0.2) | (40.9) | (0.4) |
| Gain from debt repurchase | — | — | (4.7) | — |
| Other non-operating expense, net | 1.1 | 1.4 | 5.2 | 0.1 |
| Income (loss) from continuing operations before income taxes | 76.0 | (109.2) | 106.3 | (161.3) |
| Income tax expense (benefit) | 25.6 | (34.0) | 37.8 | (46.3) |
| Net income (loss) from continuing operations | 50.4 | (75.2) | 68.5 | (115.0) |
| Income from discontinued operations, net of tax | 11.0 | 21.9 | 22.7 | 41.4 |
| Net income (loss) | 61.4 | (53.3) | 91.2 | (73.6) |
| Net (loss) income from continuing operations attributable to non-controlling interest | (0.2) | 0.1 | (0.1) | 0.3 |
| Income from discontinued operations attributable to non-controlling interest, net of tax | — | — | — | 0.2 |
| Net income (loss) attributable to controlling interest | $61.6 | $(53.4) | $91.3 | $(74.1) |
| Amounts attributable to controlling interest | ||||
| Net income (loss) from continuing operations attributable to controlling interest | $50.6 | $(75.3) | $68.6 | $(115.3) |
| Income from discontinued operations attributable to controlling interest, net of tax | 11.0 | 21.9 | 22.7 | 41.2 |
| Net income (loss) attributable to controlling interest | $61.6 | $(53.4) | $91.3 | $(74.1) |
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