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SPB Spectrum Brands

Spectrum Brands Holdings, a member of the Russell 1000 Index, is a leading supplier of 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, and personal insect repellents. Helping to meet the needs of consumers worldwide, Spectrum Brands offers a broad portfolio of market-leading, well-known and widely trusted brands including Kwikset®, Weiser®, Baldwin®, National Hardware®, Pfister®, Remington®, George Foreman®, Russell Hobbs®, Black+Decker®, Tetra®, Marineland®, Nature's Miracle®, Dingo®, 8-in-1®, FURminator®, IAMS® and Eukanuba® (Europe only), Digest-eeze™, Healthy-Hide®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag® and Liquid Fence®.

Company profile

Ticker
SPB
Exchange
CEO
David Maura
Employees
Incorporated
Location
Fiscal year end
Former names
HARBINGER GROUP INC., HRG GROUP, INC., ZAPATA CORP
SEC CIK
IRS number
741339132

SPB stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Feb 21
21 Apr 21
30 Sep 21
Quarter (USD)
Jun 20 Mar 20 Dec 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Mar 21 David M Maura Common Stock Buy Aquire P No No 77.08 2,500 192.7K 473,983
22 Dec 20 Terry Polistina Common Stock Grant Aquire A No No 0 2,227 0 35,216
22 Dec 20 Patel Gautam Common Stock Grant Aquire A No No 0 3,533 0 3,533

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

94.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 284 267 +6.4%
Opened positions 57 52 +9.6%
Closed positions 40 33 +21.2%
Increased positions 78 65 +20.0%
Reduced positions 89 103 -13.6%
13F shares
Current Prev Q Change
Total value 3.16B 2.27B +39.5%
Total shares 40.06M 39.68M +1.0%
Total puts 47.8K 93.9K -49.1%
Total calls 73.4K 126.3K -41.9%
Total put/call ratio 0.7 0.7 -12.4%
Largest owners
Shares Value Change
FMR 5.62M $444.01M -13.0%
Vanguard 3.77M $297.44M +2.1%
BLK Blackrock 1.71M $134.8M +0.4%
Dimensional Fund Advisors 1.51M $119.08M -3.1%
Wellington Management 1.44M $113.97M -3.4%
American Century Companies 1.36M $107.48M +8.6%
Scopus Asset Management 1.35M $106.62M +86.2%
Teacher Retirement System Of Texas 1.33M $104.8M +0.1%
WFC Wells Fargo & Co. 1.22M $96.36M +0.6%
IVZ Invesco 1.02M $80.85M +6.6%
Largest transactions
Shares Bought/sold Change
FIG Fortress Investment 0 -1.99M EXIT
FMR 5.62M -836.51K -13.0%
Norges Bank 658.28K +658.28K NEW
Scopus Asset Management 1.35M +625K +86.2%
Artemis Investment Management 519.48K +519.48K NEW
Cardinal Capital Management 392.3K +392.3K NEW
Aqr Capital Management 168.96K -226.11K -57.2%
Hillcrest Asset Management 213.41K +213.41K NEW
Rovida Advisors 0 -200K EXIT
Arrowstreet Capital, Limited Partnership 462.45K +193.18K +71.7%

Financial report summary

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Competition
Vivint Smart Home
Risks
  • We participate in very competitive markets and we may not be able to compete successfully, causing us to lose market share and sales.
  • Changes in consumer shopping trends and changes in distribution channels could significantly harm our business
  • Consolidation of retailers and our dependence on a small number of key customers for a significant percentage of our sales may negatively affect our business, financial condition and results of operations.
  • As a result of retailers maintaining tighter inventory control, we face risks related to meeting demand and storing inventory.
  • Sales of certain of our products are seasonal and may cause our operating results and working capital requirements to fluctuate.
  • Adverse weather conditions during our peak selling seasons for our home and garden products could have a material adverse effect on our home and garden business.
  • Our products utilize certain key raw materials; any significant increase in the price of, or change in supply and demand for, these raw materials could have a material and adverse effect on our business, financial condition and profits.
  • Our dependence on a few suppliers for certain of our products makes us vulnerable to a disruption in the supply of our products.
  • We face risks related to our sales of products obtained from third-party suppliers.
  • If we are unable to negotiate satisfactory terms to continue existing or enter into additional collective bargaining agreements, we may experience an increased risk of labor disruptions and our results of operations and financial condition may suffer.
  • Significant changes in actual investment return on pension assets, discount rates, and other factors could affect our results of operations, equity and pension contributions in future periods.
  • Our business may be materially affected by changes to fiscal and tax policies that could adversely affect our results of operations and cash flows.
  • We may not be able to fully utilize our U.S. tax attributes.
  • Our acquisition and expansion strategy may not be successful and may divert our management’s attention away from operations and could create general customer uncertainty.
  • Significant costs have been incurred and are expected to be incurred in connection with the consummation of recent and future business acquisitions and the integration of such acquired businesses with the Company into a combined company, including legal, accounting, financial advisory and other costs.
  • We may not realize the anticipated benefits of, and synergies from, our business acquisitions and may become responsible for certain liabilities and integration costs as a result.
  • We may not be able to retain key personnel or recruit additional qualified personnel, which could materially affect our business and require us to incur substantial additional costs to recruit replacement personnel.
  • The Agreements that we signed, and the related actions we have taken, in connection with the sale of the GBL and GAC businesses continue to impose significant obligations and risks on us and our business.
  • Increased focus by governmental and non-governmental organizations, customers, consumers and investors on sustainability issues, including those related to climate change, may have an adverse effect on our business, financial condition and results of operations and damage our reputation.
  • Our business could be negatively impacted by corporate citizenship and sustainability matters and/or our reporting of such matters.
  • Our substantial indebtedness may limit our financial and operating flexibility, and we may incur additional debt, which could increase the risks associated with our substantial indebtedness.
  • Restrictive covenants in our debt agreements may restrict our ability to pursue our business strategies.
  • Future financing activities may adversely affect our leverage and financial condition.
  • We are subject to significant international business risks that could hurt our business and cause our results of operations to fluctuate.
  • As a result of our international operations, we face a number of risks related to exchange rates and foreign currencies.
  • Our international operations expose us to risks related to compliance with the laws and regulations of foreign countries.
  • We face risks related to the impact on foreign trade agreements and relations from the current administration.
  • We face risks relating to tariffs imposed by the United States and other governments.
  • We face risks relating to the United Kingdom’s exit from the European Union.
  • We are subject to risks associated with importing goods and materials from foreign countries.
  • We may not be able to adequately establish and protect our intellectual property rights, and the infringement or loss of our intellectual property rights could harm our business.
  • If we are unable to protect the confidentiality of our proprietary information and know-how, the value of our technology, products and services could be harmed significantly.
  • Claims by third parties that we are infringing their intellectual property and other litigation could adversely affect our business.
  • Disruption or failures of our information technology systems could have a material adverse effect on our business.
  • Our actual or perceived failure to adequately protect personal data could adversely affect our business, financial condition and results of operations.
  • We are subject to data security and privacy risks that could negatively affect our results, operations or reputation.
  • Class action and derivative action lawsuits and other investigations, regardless of their merits, could have an adverse effect on our business, financial condition and results of operations.
  • We are subject to a number of claims and litigation and may be subject to future claims and litigation, any of which may adversely affect our business.
  • The Company may be subject to product liability claims and product recalls, which could negatively impact its profitability.
  • Agreements, transactions and litigation involving or resulting from the activities of our predecessor and its former subsidiaries may subject us to future claims or litigation that could materially adversely impact our capital resources.
  • We may incur material capital and other costs due to environmental liabilities.
  • Compliance with various public health, consumer protection and other regulations applicable to our products and facilities could increase our cost of doing business and expose us to additional requirements with which we may be unable to comply.
  • Public perceptions that some of the products we produce and market are not safe could adversely affect us.
  • If our goodwill, indefinite-lived intangible assets or other long-term assets become impaired, we will be required to record additional impairment charges, which may be significant.
  • The successful execution of our operational efficiency and multi-year restructuring initiatives are important to the long-term growth of our business.
  • Our Restated Bylaws provide that the Court of Chancery of the State of Delaware will be the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • Even though the Company’s common stock is currently traded on the NYSE, it has less liquidity than many other stocks quoted on a national securities exchange.
  • The market price of the Company’s common stock is likely to be highly volatile and could fluctuate widely in price in response to various factors, many of which are beyond our control.
  • The issuance of the shares of the Company’s common stock in connection with the Spectrum Merger (as defined in Note 4 – Acquisitions in Notes to the Consolidated Financial Statements included elsewhere in this Annual Report) has materially increased the risk that the Company could experience an “ownership change” for U.S. federal income tax purposes before July 2021, which could materially affect the Company’s ability to utilize its NOLs and adversely impact the Company’s results of operations.
  • Additional issuances of the Company’s common stock may result in dilution to its existing stockholders.
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