Spectrum Brands

Appliances
Spectrum Brands Merges With HRG Group

Spectrum Brands and HRG Group, a holding company with shares of Spectrum Brands, have entered into a definitive merger agreement. The deal, valued at $10 billion, has been approved by the boards of Spectrum Brands and HRG.

Appliances
Spectrum Brands Delays Stockholders Meeting

Spectrum Brands has postponed its annual stockholders meeting scheduled for late January as company officials discuss a “potential strategic transaction.”

Appliances
Spectrum Brands Q3 Net Sales Down

Third quarter net sales at Spectrum Brands were down as company officials pinned the decline on a “confluence of factors” that include the impact of macroeconomic factors as well as issues that are specific to the company.

Appliances
Spectrum Brands Reports Flat First Quarter Sales

The first quarter net sales at Spectrum Brands Holdings saw a slight decrease of 0.6% to $1.21 billion compared to $1.22 billion in fiscal 2016. Excluding the negative impact of $18.8 million of foreign exchange, organic net sales increased 1% reportedly due to record results in the global batteries and appliance segment and improvements in the small electrics segment.

Appliances
Spectrum Brands Fiscal Year Net Sales Grow

Fiscal year net sales at Spectrum Brands were up 7.4% as growth in the company’s hardware and home improvement, pet supplies and home and garden segments offset declines in its global batteries and appliances division, which includes small electrics and personal care products.