Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Spectrum Brands Sales Up in Quarter
May 7, 2013
 Printable format
 Email this Article
 Search


Diversified consumer products company Spectrum Brands Holdings reported record fiscal 2013 second quarter results.

Spectrum Brands net sales in the quarter ending March 31, 2013, were $987.8 million, including the Hardware & Home Improvement (HHI) business acquired in December 2012. Net sales in the quarter were up 32.4% in 2Q fiscal 2013, $746.3 million in 2Q fiscal 2012. Including HHI in last year's fiscal second quarter on a pro forma basis, net sales were up 1.0%.

Spectrum Brands had a net loss in the quarter of $41.2 million, compared to a net loss of $28.7 million in 2Q fiscal 2012.

The company reiterated its expectations for a fourth consecutive year of record financial performance for its legacy business in fiscal 2013, and expects to see improvements in the second half of the year.

Spectrum Brands Global Batteries & Appliances business segment had fiscal 2013 second quarter net sales of $468.6 million, down 2.4% from sales of $480.1 million in second quarter of fiscal 2012. The net sales decline came primarily from the phase-out of small electrical appliance low-margin promotion. Segment net income, as adjusted, was $34.6 million for Global Batteries & Appliances.

Other Spectrum Brands segments are Global Pet Supplies, Home and Garden, and Hardware & Home Improvement.

Back to Daily News

 

Daily News

...........................................................

Sep 5, 2014: Electrolux Acquiring GE Appliances Could Make it the New Global Appliance Leader

Sep 5, 2014: Foodservice Equipment and Other Restaurant Capital Spending Solid in July

Sep 4, 2014: IFA Show: Miele Unveils Washing Machine That Beats A+++ Energy Efficiency by 40%

Sep 4, 2014: IFA Show: Panasonic Washer Uses Sensor System to automatically Adjust Washing Cycle

Sep 3, 2014: h.h. gregg Ranked Highest In Appliance Customer Satisfaction

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows