Spectrum Brands Holdings, Inc. · NYSE:SPB
Spectrum Brands — Q1 2026 Earnings Presentation
26 slides from Spectrum Brands's earnings presentation, Feb 5, 2026
Slide 1: Fiscal 2026 First Quarter Earnings Call
Fiscal 2026 First Quarter Earnings Call February 5, 2026
Slide 2: Introduction and presenters
• Introduction – Jen Schultz Division Vice President, FP&A and Investor Relations • CEO Overview – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Faisal Qadir Chief Financial Officer • Q&A – David Maura and Faisal Qadir
Slide 3: Forward-looking Statements
Forward-looking Statements 3 We have made or implied certain forward-looking statements in this document. Statements or expectations regarding our business and M&A strategy, earnings framework, future free cash flows, tariff impact and mitigation efforts, future operations and operating model, finan
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures 4 Our consolidated results contain non-GAAP metrics such as organic net sales, adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and adjusted Free Cash Flow. While we believe organic net sales and adjusted EBITDA are useful supplemental information, such adjusted resu
Slide 5: CEO Overview
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ CEO Overview (pACKWOOn¢ . David Maura (Fie | ) SWEAT RESISTANT REPELS MosauITOES
Slide 6: First Quarter Headlines
First Quarter Headlines 6 Summary Challenging macroeconomic conditions continue with signs of stabilization in consumables Exceeded Net Sales and Adjusted EBITDA expectations and returned to growth in Global Pet Care Delivered nearly $60 million of Adjusted Free Cash Flow in the quarter Ended the qu
Slide 7: FY26 Priorities
FY26 Priorities 7 • Remain cost competitive • Maintain healthy balance sheet • Embrace technological advances • Reduce complexity • Continue successful implementation of SAP S4/Hana • Drive innovation and accelerate market penetration • Elevate talent • Invest in development • Return to growth in GP
Slide 8: FY26 Earnings Framework
FY26 Earnings Framework 8 NET ADJUSTED ADJUSTED FREE SALES EBITDA CASH FLOW Flat to low single-digit Low single-digit growth to ~ 50% Adjusted EBITDA growth to prior year prior year Conversion Expect return to growth in GPC and Sales growth in GPC and H&G, H&G offset by anticipated decline in expens
Slide 9: Financial and Business Review
Financial and Business Review Faisal Qadir
Slide 10: First Quarter 2026
First Quarter 2026 10 KEY TAKEAWAYS Net Sales Adj. EBITDA • Organic net sales decreased primarily due to category softness in HPC and a -3.3% -19.5% challenging inventory build comparison in H&G, partially offset by GPC sales growth with our key Companion Animal Brands outperforming • Adjusted EBITD
Slide 11: First Quarter Financial Review
First Quarter Financial Review 11 Interest Expense $0.6 vs. LY $0.6B $0.1B Debt outstanding Cash and cash equivalents Revolver Usage(1) $8M $492M Cash strategic transactions, restructuring, and other unusual, non-recurring items -$4.0M vs. LY Ended the period at 1.65x net leverage (1) In use revolve
Slide 12: First Quarter 2026 Global Pet Care
First Quarter 2026 Global Pet Care 12 Net Sales Adj. EBITDA KEY TAKEAWAYS 8.3% -4.9% • Organic net sales increased due to continued strength of our key Companion Animal brands despite moderate category softness and easier prior year comparison. • Adjusted EBITDA decreased due to higher tariff cost a
Slide 13: First Quarter 2026 Home & Garden
First Quarter 2026 Home & Garden 13 Fourth Quarter 2023 N e t S a l e s Adj. EBITDA KEY TAKEAWAYS Home & Garden -19.8% -51.6% • Organic net sales decreased due to an atypical seasonal inventory build in the prior year that negatively impacted the comparison. • Adjusted EBITDA decreased driven by low
Slide 14: First Quarter 2026 Home & Personal Care
First Quarter 2026 Home & Personal Care 14 Net Sales Adj. EBITDA KEY TAKEAWAYS -7.6% -22.5% • Organic net sales decreased driven by category demand softness in NA and EMEA, partially offset by growth in LATAM driven by successful product launches. • Adjusted EBITDA decreased due to lower sales volum
Slide 15: FY26 Earnings Framework
FY26 Earnings Framework 15 NET ADJUSTED ADJUSTED FREE SALES EBITDA CASH FLOW Flat to low single-digit Low single-digit growth to ~ 50% Adjusted EBITDA growth to prior year prior year Conversion Expect return to growth in GPC and Sales growth in GPC and H&G, H&G offset by anticipated decline in expen
Slide 16: FY26 Full Year Expectations
FY26 Full Year Expectations 16 Cash Taxes Cash Transactions CAPEX D&A $40M - $50M $25M - $35M $50M - $60M $115M - $125M Cash Payments of Cash Taxes Restructuring, Optimization Capital Expenditures Depreciation and and Strategic Initiatives Amortization
Slide 17: CEO Takeaways
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ CEO Takeaways (pACKWOOn¢ . David Maura (Fie | ) SWEAT RESISTANT REPELS MosauITOES
Slide 18: CEO Key Takeaways
CEO Key Takeaways 18 S O L I D S TA R T T O F Y 2 6 • Q1 results above expectations, meaningful signs of improvement despite macroeconomic headwinds 1 • Return to growth in Global Pet Care, companion animal brands strengthening market positioning • Continued disciplined expense management S T R AT E
Slide 19: Appendix
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ Appendix SWEAT ] RESISTANT REPELS MosauITOES
Slide 20: Condensed Consolidated Statements of Income
‘SPECTRUM BRANDS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) ‘Three Month Periods Ended December 28, December 29, {in millions, except per share amounts) 2025 2024 Net sales S 677.0 $ 700.2 Cost of goods sold 435.4 442.4 Gross profit, 241.6 2578 Selling, general & administ
Slide 21: Condensed Consolidated Statements of Cash Flow
SPECTRUM BRANDS HOLDINGS, INC. (CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) {in millions) Cash flows from operating activities Net cash provided (used) by operating activities from continuing operations Net cash used by operating activities from discontinued operations Net cash provid
Slide 22: Condensed Consolidated Statements of Financial Position
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ SPECTRUM BRANDS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) December 28, September 30, 2025 {in millions) 2025 ‘Assets Cash and cash equivalents $ 126.6 $ 123.6 ‘Trade receivables, net 517.0 5217 Other receivables
Slide 23: Net Sales and Organic Net Sales
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ ‘SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) NET SALES AND ORGANIC NET SALES ‘The following is a summary of net sales by segment for the three month periods ended December 28, 2025 and December 29, 2024, respectively. ‘Thre
Slide 24: Adjusted EBITDA and Adjusted EBITDA Margin
SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN The following is a reconciliation of reported net income from continuing operations to adjusted EBITDA and adjusted EBITDA margin for the three month periods ended December 28, 2025 a
Slide 25: Adjusted Diluted EPS
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) ADJUSTED DILUTED EPS The following is a reconciliation of reported diluted EPS from continuing operations to adjusted diluted EPS from continuing operations for the three month pe
Slide 26: Adjusted Free Cash Flow
SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) ADJUSTED FREE CASH FLOW The following is a reconciliation of reported operating cash flow from continuing operations to adjusted free cash flow for the three month periods ended December 28, 2025 and December 29, 2024, respect
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