Brief: Spectrum Brands Holdings Reports Fiscal 2023 Q2 Results

Spectrum Brands Holdings

12/05/2023 12:20

May 12 (Reuters) - Spectrum Brands Holdings Inc  SPB.N :
    * SPECTRUM BRANDS HOLDINGS REPORTS FISCAL 2023 SECOND
QUARTER
RESULTS
    * SPECTRUM BRANDS HOLDINGS INC - INVENTORY REDUCTION OF $170
MILLION IN QUARTER, INCLUDING HHI BUSINESS, RESULTING IN
POSITIVE FREE CASH FLOW
    * SPECTRUM BRANDS HOLDINGS INC - UPDATING FISCAL 2023
EARNINGS
FRAMEWORK AND NOW EXPECT NET SALES TO DECLINE MID SINGLE-DIGITS
TO PRIOR YEAR
    * SPECTRUM BRANDS HOLDINGS INC - TARGETING A LONG-TERM NET
LEVERAGE RATIO OF 2.0 - 2.5 TIMES AFTER FULL DEPLOYMENT OF HHI
SALE PROCEEDS

Source text for Eikon:  ID:nBw1tR9wFa 
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