Spectrum Brands Holdings to Reaffirm Fiscal 2017 Guidance at Barclays Global Consumer Staples Conference
September 06 2017 - 6:30AM
Business Wire
Spectrum Brands Holdings, Inc. (NYSE:SPB), a global consumer
products company offering an expanding portfolio of leading brands
providing superior value to consumers and customers every day,
announced it will reaffirm fiscal 2017 guidance during its
presentation today at the Barclays Global Consumer Staples
Conference.
Spectrum Brands continues to expect fiscal 2017 net cash
provided from operating activities after purchases of property,
plant and equipment (adjusted free cash flow) will be between
$575-$590 million.
About Spectrum Brands Holdings, Inc.
Spectrum Brands Holdings, a member of the Russell 1000 Index, is
a global and diversified consumer products company and a leading
supplier of consumer batteries, residential locksets, residential
builders’ hardware, plumbing, shaving and grooming products,
personal care products, small household appliances, specialty pet
supplies, lawn and garden and home pest control products, personal
insect repellents, and auto care products. Helping to meet the
needs of consumers worldwide, our Company offers a broad portfolio
of market-leading, well-known and widely trusted brands including
Rayovac®, VARTA®, Kwikset®, Weiser®, Baldwin®, National Hardware®,
Pfister®, Remington®, George Foreman®, Black + Decker®, Tetra®,
Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®, FURminator®, IAMS®
and Eukanuba® (Europe only), Healthy-Hide®, Digest-eeze™,
Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®,
Liquid Fence®, Armor All®, STP® and A/C PRO®. Spectrum Brands'
products are sold in approximately 160 countries. Spectrum Brands
Holdings generated net sales of approximately $5.04 billion in
fiscal 2016. For more information, visit
www.spectrumbrands.com.
Forward-Looking Statements
Certain matters discussed in this news release and other oral
and written statements by representatives of the Company regarding
matters such as the Company’s ability to meet its expectations for
its fiscal 2017 (including expectations regarding capital
expenditures and its ability to increase its net sales, free cash
flow and adjusted EBITDA) may be forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We have tried, whenever possible, to identify these
statements by using words like “future,” “anticipate”, “intend,”
“plan,” “estimate,” “believe,” “expect,” “project,” “forecast,”
“could,” “would,” “should,” “will,” “may,” and similar expressions
of future intent or the negative of such terms. These statements
are subject to a number of risks and uncertainties that could cause
results to differ materially from those anticipated as of the date
of this release. Actual results may differ materially as a result
of (1) the impact of our indebtedness on our business, financial
condition and results of operations; (2) the impact of restrictions
in our debt instruments on our ability to operate our business,
finance our capital needs or pursue or expand business strategies;
(3) any failure to comply with financial covenants and other
provisions and restrictions of our debt instruments; (4) the impact
of actions taken by significant stockholders; (5) the impact of
expenses resulting from the implementation of new business
strategies, divestitures or current and proposed restructuring
activities; (6) our inability to successfully integrate and operate
new acquisitions at the level of financial performance anticipated;
(7) the unanticipated loss of key members of senior management; (8)
the impact of fluctuations in commodity prices, costs or
availability of raw materials or terms and conditions available
from suppliers, including suppliers’ willingness to advance credit;
(9) interest rate and exchange rate fluctuations; (10) our ability
to utilize our net operating loss carry-forwards to offset tax
liabilities from future taxable income; (11) the loss of,
significant reduction in, or dependence upon, sales to any
significant retail customer(s); (12) competitive promotional
activity or spending by competitors, or price reductions by
competitors; (13) the introduction of new product features or
technological developments by competitors and/or the development of
new competitors or competitive brands; (14) the effects of general
economic conditions, including inflation, recession or fears of a
recession, depression or fears of a depression, labor costs and
stock market volatility or changes in trade, monetary or fiscal
policies in the countries where we do business; (15) changes in
consumer spending preferences and demand for our products; (16) our
ability to develop and successfully introduce new products, protect
our intellectual property and avoid infringing the intellectual
property of third parties; (17) our ability to successfully
implement, achieve and sustain manufacturing and distribution cost
efficiencies and improvements, and fully realize anticipated cost
savings; (18) the cost and effect of unanticipated legal, tax or
regulatory proceedings or new laws or regulations (including
environmental, public health and consumer protection regulations);
(19) public perception regarding the safety of products that we
manufacture and sell, including the potential for environmental
liabilities, product liability claims, litigation and other claims
related to products manufactured by us and third parties; (20) the
impact of pending or threatened litigation; (21) the impact of
cybersecurity breaches or our actual or perceived failure to
protect company and personal data; (22) changes in accounting
policies applicable to our business; (23) government regulations;
(24) the seasonal nature of sales of certain of our products; (25)
the effects of climate change and unusual weather activity; and
(26) the effects of political or economic conditions, terrorist
attacks, acts of war or other unrest in international markets,
including those discussed herein and those set forth in the
combined securities filing of Spectrum Brands Holdings, Inc. and
SB/RH Holdings, LLC, including their most recently filed Annual
Report on Form 10-K or Quarterly Report on Form 10-Q.
Spectrum Brands Holdings also cautions the reader that its
estimates of trends, market share, retail consumption of its
products and reasons for changes in such consumption are based
solely on limited data available to Spectrum Brands Holdings and
management’s reasonable assumptions about market conditions, and
consequently may be inaccurate, or may not reflect significant
segments of the retail market. Spectrum Brands Holdings also
cautions the reader that undue reliance should not be placed on any
forward-looking statements, which speak only as of the date of this
release. Spectrum Brands Holdings undertakes no duty or
responsibility to update any of these forward-looking statements to
reflect events or circumstances after the date of this report or to
reflect actual outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20170906005104/en/
For Spectrum Brands Holdings,
Inc.Investors/Media:Dave Prichard,
608-278-6141
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