Exhibit 99.1
imagea.jpg
3001 Deming Way
Middleton, WI 53562-1431
P.O. Box 620992
Middleton, WI 53562-0992
(608) 275-3340
For Immediate ReleaseInvestor/Media Contact:
Jeremy Smeltser 608-275-4917

Spectrum Brands Holdings Reports Fiscal 2021 Fourth Quarter and Full Year Results
Fourth Quarter Net Sales from Continuing Operations were $757.8 Million, Combined Fourth Quarter Net Sales including HHI were $1,156.4 Million
Fourth Quarter Net Income from Continuing Operations was $6.1 Million, Combined Fourth Quarter Net Income including HHI was $50.3 Million
Fourth Quarter Diluted Earnings Per Share from Continuing Operations were $0.14, Combined Fourth Quarter Diluted Earnings Per Share including HHI were $1.16
Fourth Quarter Adjusted Earnings Per Share from Continuing Operations were $0.38, Combined Fourth Quarter Adjusted Earnings Per Share including HHI were $1.11
Fourth Quarter Adjusted EBITDA from Continuing Operations was $79.1 Million, Combined Fourth Quarter Adjusted EBITDA including HHI was $136.9 million
Full Year Net Sales from Continuing Operations were $2,998.1 Million, Combined Full Year Net Sales including HHI were $4,613.9 Million
Full Year Net Income from Continuing Operations was $15.3 Million, Combined Full Year Net Income including HHI was $189.6 Million
Full Year Diluted Earnings Per Share from Continuing Operations were $0.35, Combined Full Year Diluted Earnings Per Share including HHI were $4.39
Full Year Adjusted Earnings Per Share from Continuing Operations were $2.88, Combined Full Year Adjusted Earnings Per Share including HHI were $6.53
Full Year Adjusted EBITDA from Continuing Operations was $391.8 Million, Combined Full Year Adjusted EBITDA including HHI was $689.2 Million
Full Year Operating Cash Flow of $288 Million; Adjusted Free Cash Flow of $273 Million
The Company Expects to Deliver Mid to High Single-Digit Net Sales Growth and Low Single-Digit Adjusted EBITDA Growth for Fiscal 2022 from Continuing Operations
Middleton, WI, November 12, 2021 - Spectrum Brands Holdings, Inc. (NYSE: SPB; “Spectrum Brands” or the “Company”), a leading global branded consumer products and home essentials company focused on drivi
ng innovation and providing exceptional customer service, today reported results from continuing operations for the fourth quarter and full year of fiscal 2021 ended September 30, 2021.

“We again delivered top- and bottom-line growth this quarter. Excluding the impact of foreign exchange and acquisitions, organic sales decreased 3.4% as we compare results to the fourth quarter of fiscal 2020, which was an exceptionally high sales quarter due to recovery from COVID-driven supply disruptions in Q3 FY20. And as a reminder, we had 6 fewer shipping days in the fourth quarter vs. the same period a year ago. The decrease in shipping days as well as the ongoing pandemic related global supply chain disruptions adversely impacted our sales in the quarter. However, compared to the more normal operating environment of our fourth quarter of fiscal 2019, these results actually represent double digit organic sales growth.” said David Maura, Chairman and Chief Executive Officer of Spectrum Brands.

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The following information was filed by Spectrum Brands Holdings, Inc. (SPB) on Friday, November 12, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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