SPECTRUM BRANDS HOLDINGS, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) | MarketScreener

2022-08-12 20:32:14 By : yu zhou

Home Appliances: Black & Decker®,

Russell Hobbs®, George Foreman®,

PowerXL®, Emeril Legasse®, Copper Chef

®, Toastmaster®, Juiceman®,

Farberware®, and Breadman®

Personal Care: Remington®, and

Companion Animal: 8IN1® (8-in-1),

Dingo®, Nature's Miracle®, Wild

Harvest™, Littermaid®, Jungle®, Excel®,

FURminator®, IAMS® (Europe only),

Eukanuba® (Europe only), Healthy-Hide®,

DreamBone®, SmartBones®, ProSense®,

Perfect Coat®, eCOTRITION®, Birdola®,

Good Boy®, Meowee!®, Wildbird®, and

Aquatics: Tetra®, Marineland®,

Whisper®, Instant Ocean®, GloFish®,

OmegaOne® and OmegaSea®

Household: Hot Shot®, Black Flag®,

Real-Kill®, Ultra Kill®, The Ant Trap®

Controls: Spectracide®, Garden Safe®,

Liquid Fence®, and EcoLogic®.

Repellents: Cutter® and Repel®.

Acquisitions, Divestitures and Other Business Development Initiatives

4, 2021 July 3, 2022 July 4, 2021 Tristar acquisition and integration $ 5.6 $

•Fiscal 2022 Restructuring - The Company entered into a new initiative in response to changes observed within consumer products and retail markets, continued inflationary cost pressures and headwinds, resulting in the realization of a headcount reduction. Substantially all costs associated with the initiative have been recognized. See Note 4 - Restructuring Charges for further detail on related exit or disposal costs attributable to this initiative.

•Non-cash asset impairments or write-offs realized and recognized in earnings from continuing operations;

•Other adjustments are primarily attributable to: (1) costs associated with Salus as they are not considered a component of the continuing commercial products company and (2) other key executive severance related costs.

Adjusted EBITDA margin is calculated as Adjusted EBITDA as a percentage of reported net sales for the respective period and segment.

The following is a reconciliation of net income to Adjusted EBITDA for the three month periods ended July 3, 2022 and July 4, 2021 for SBH.

The following is a reconciliation of net income to Adjusted EBITDA for the nine month periods ended July 3, 2022 and July 4, 2021 for SBH.

The following is a reconciliation of net income to Adjusted EBITDA for the three month periods ended July 3, 2022 and July 4, 2021 for SB/RH.

Three Month Period Ended July 4, 2021

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