Spectrum Brands Holdings, Inc. · NYSE:SPB
Spectrum Brands — Q3 2025 Earnings Presentation
27 slides from Spectrum Brands's earnings presentation, Aug 7, 2025
Slide 1: Fiscal 2025 Third Quarter Earnings Call
Fiscal 2025 Third Quarter Earnings Call August 7, 2025
Slide 2: Introduction and speakers
• Introduction – Joanne Chomiak Senior Vice President, Tax and Treasury • CEO Overview – David Maura Chairman and Chief Executive Officer • Financial & Business Review – Jeremy Smeltser Chief Financial Officer • Q&A – David Maura and Jeremy Smeltser
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 strategy, future free cash flows, tariffs, tariff impact and tariff mitigation efforts, future operations and operating model, financial conditi
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 David Maura SWEAT RESISTANT
Slide 6: Navigating Tariff and Consumer-Demand Uncertainty
Navigating Tariff and Consumer-Demand Uncertainty (1) 6 • Temporarily paused virtually all finished goods purchases from China for US market at peak of trade war • Took pricing actions and stopped shipping to some of our retailers when negotiations stalled • Executed operating cost reductions to add
Slide 7: Third Quarter 2025
Third Quarter 2025 7 Net Sales Adj. EBITDA -10.2% -27.9% $106M $779M $700M $77M Q3F24 Q3F25 Q3F24 Q3F25 Organic Sales -11.1% GAAP Net Income Increase $1.4M
Slide 8: FY25 Priorities
FY25 Priorities y Spectrum Brands Diversify Take Supply Base Advantage of Opportunities Lean into Prepare for Supply Chain Strength Growth
Slide 9: Outstanding Shares & Share Repurchases
Outstanding Shares & Share Repurchases 9 Share Repurchases Repurchased Repurchased Total Purchased 17.1 11.0 Million Million 17.1 Million Shares ~24.2 Million* Total Shares Outstanding 41.0Million ~41.0 Million ~42% Reduction TotalShares Total SharesOutstanding Outstanding $1.3 Billion Spent Prior t
Slide 10: FY25 Update
FY25 Update 10 Volatile macro-economic environment resulting in insufficient visibility to provide an earnings framework for FY25 Global trade negotiations continue to be dynamic and unpredictable Softening US and European demand expected to continue with stabilizing macro-economic conditions Reaffi
Slide 11: Financial and Business Review
Financial and Business Review Jeremy Smeltser
Slide 12: Third Quarter 2025 Key Takeaways
Third Quarter 2025 12 KEY TAKEAWAYS Net Sales Adj. EBITDA • Organic net sales decrease driven by targeted stop-shipments to retailers, tariff- -10.2% -27.9% related supply constraints, and category softness for both Global Pet Care and Home and Personal Care businesses; unfavorable weather condition
Slide 13: Third Quarter Financial Review
Third Quarter Financial Review 13 Interest Expense -$7.3 vs. LY $0.7B $0.1B $15.7M Debt outstanding Cash and cash equivalents $8.4M Revolver Usage(1) Q3F24 Q3F25 $112M $388M Cash strategic transactions, restructuring, and other unusual, non-recurring items -$1.9M vs. LY In Use Available $10.5M $8.6M
Slide 14: Third Quarter 2025 Global Pet Care
Third Quarter 2025 Global Pet Care 14 Net Sales Adj. EBITDA KEY TAKEAWAYS -9.6% -22.4% • Organic net sales decreased due to targeted stop-shipments for certain retailers, tariff related supply $282M $57M constraints, North America and EMEA $255M category softness in Companion Animal and global categ
Slide 15: Third Quarter 2025 Home & Garden
Third Quarter 2025 Home & Garden 15 Fourth Quarter KEY TAKEAWAYS 2023 N e t S a l e s Adj. EBITDA Home & Garden -10.3% -10.9% • Organic net sales decreased due to a cold and wet start to the season delaying POS and impacting retailer reorder $211M patterns $43M $189M $39M • Adjusted EBITDA decreased
Slide 16: Third Quarter 2025 Home & Personal Care
Third Quarter 2025 Home & Personal Care 16 Net Sales Adj. EBITDA KEY TAKEAWAYS -10.8% -40.7% • Organic net sales decreased due to category softness in both Home Appliances and Personal Care, targeted stop-shipments for certain $286M retailers, and tariff related supply $255M constraints $12M • Adjus
Slide 17: FY25 Update
FY25 Update 17 Volatile macro-economic environment resulting in insufficient visibility to provide an earnings framework for FY25 Global trade negotiations continue to be dynamic and unpredictable Softening US and European demand expected to continue Reaffirming FY25 Free Cash Flow expectation of ap
Slide 18: CEO Takeaways
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ CEO Takeaways David Maura
Slide 19: CEO Key Takeaways
CEO Key Takeaways 19 FOCUS ON LONG-TERM HEALTH • Te m p o r a r i l y p a u s e d C h i n a p u r c h a s e s f o r U S m a r k e t • To o k p r i c i n g a c t i o n s a n d s t o p p e d s h i p p i n g w h e n 1 negotiations stalled • Developed dual-sourcing plans to diversity supply base, regula
Slide 20: Appendix
Spectrum Brands WE MAKE LIVING BETTER AT HOME™ Appendix
Slide 21: Condensed Consolidated Statements of Income
Spectrum Brand: WE MAKE LIVING BETTER AT HOME" ‘SPECTRUM BRANDS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) “Tree Month Pevods Ende ine Month Periods Ended Senitins except per sare amownts)_ “one 29 2025 ____twne 30,2024 “pane 72,2025 ____)une 90,2024 Netsaes ry ome F Ta &
Slide 22: Condensed Consolidated Statements of Cash Flow
SPECTRUM BRANDS HOLDINGS, INC. (CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) Nine Month Periods Ended {in millions) June 29, 2025 June 30, 2024 Cash flows from operating activities ‘Net cash provided by operating activities from continuing operations Ba 178.4 ‘Net cash used by operatin
Slide 23: Condensed Consolidated Statements of Financial Position
‘SPECTRUM BRANDS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) {in millions) June 29,2025 __ September 30, 2024 ‘Assets ‘Cash and cash equivalents $ 1220 $ 368.9 ‘Trade receivables, net 604.4 635.4 Other receivables 579 70.7 Inventories 507.5 462.1 Prepaid expens
Slide 24: Net Sales and Organic Net Sales
Spectrum Brands WE MAKE LIVING BETTER AT HOME" SPECTRUM BRANDS HOLDINGS, INC. OTHER SUPPLEMENTAL INFORMATION (Unaudited) INET SALES AND ORGANIC NET SALES The following is a summary of net sales by segment for the three and nine month periods ended June 29, 2025 and June 30, 2024: ‘Three Month Period
Slide 25: Adjusted EBITDA and Adjusted EBITDA Margin
Spectrum Brands WE MAKE LIVING BETTER AT HOME" ‘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
Slide 26: Adjusted Diluted EPS
‘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 and nine month periods ended June 29, 2025 and June
Slide 27: 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 nine month periods ended June 29, 2025 and June 30, 2024. Nine Month Perio
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