EX-99.7 9 spb-20180330xex99_7.htm EX-99.7 2018 Form 8-K Exhibit 997 - Quarterly Supplement

Exhibit 99.7

Spectrum Brands Holdings, Inc.

Fiscal Year Ended September 30, 2017



 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended

(in millions, except per share amounts)

 

September 30, 2017

 

July 2, 2017

 

April 2, 2017

 

January 1, 2017

Net sales

 

$

787.8 

 

$

862.9 

 

$

756.5 

 

$

602.3 

Cost of goods sold

 

 

476.2 

 

 

531.5 

 

 

445.6 

 

 

362.1 

Restructuring and related charges

 

 

1.6 

 

 

11.2 

 

 

4.1 

 

 

1.1 

Gross profit

 

 

310.0 

 

 

320.2 

 

 

306.8 

 

 

239.1 

Selling

 

 

120.0 

 

 

127.9 

 

 

119.3 

 

 

106.6 

General and administrative

 

 

85.0 

 

 

59.0 

 

 

68.4 

 

 

60.2 

Research and development

 

 

6.3 

 

 

7.2 

 

 

7.0 

 

 

6.6 

Acquisition and integration related charges

 

 

4.0 

 

 

5.2 

 

 

3.2 

 

 

3.3 

Restructuring and related charges

 

 

27.4 

 

 

10.0 

 

 

3.8 

 

 

1.1 

Write-off from impairment of intangible assets

 

 

16.3 

 

 

 

 

 

 

Total operating expenses

 

 

259.0 

 

 

209.3 

 

 

201.7 

 

 

177.8 

Operating income

 

 

51.0 

 

 

110.9 

 

 

105.1 

 

 

61.3 

Interest expense

 

 

39.3 

 

 

39.8 

 

 

38.8 

 

 

43.1 

Other non-operating expense, net

 

 

2.6 

 

 

1.4 

 

 

2.0 

 

 

(1.0)

Income from continuing operations before income taxes

 

 

9.1 

 

 

69.7 

 

 

64.3 

 

 

19.2 

Income tax (benefit) expense

 

 

(13.3)

 

 

19.4 

 

 

24.4 

 

 

6.7 

Net income from continuing operations

 

 

22.4 

 

 

50.3 

 

 

39.9 

 

 

12.5 

Income from discontinued operations, net of tax

 

 

72.3 

 

 

28.3 

 

 

18.7 

 

 

52.7 

Net income

 

 

94.7 

 

 

78.6 

 

 

58.6 

 

 

65.2 

Net (loss) income attributable to non-controlling interest

 

 

(0.2)

 

 

1.7 

 

 

(0.2)

 

 

Net income attributable to controlling interest

 

$

94.9 

 

$

76.9 

 

$

58.8 

 

$

65.2 

Amounts attributable to controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations attributable to controlling interest

 

$

22.4 

 

$

50.3 

 

$

39.9 

 

$

12.4 

Net Income from discontinued operations attributable to controlling interest

 

 

72.5 

 

 

26.6 

 

 

18.9 

 

 

52.8 

Net Income attributable to controlling interest

 

$

94.9 

 

$

76.9 

 

$

58.8 

 

$

65.2 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share from continuing operations

 

$

0.39 

 

$

0.86 

 

$

0.68 

 

$

0.21 

Basic earnings per share from discontinued operations

 

 

1.25 

 

 

0.45 

 

 

0.32 

 

 

0.89 

Basic earnings per share

 

$

1.64 

 

$

1.31 

 

$

1.00 

 

$

1.10 

Diluted earnings per share from continuing operations

 

$

0.38 

 

$

0.86 

 

$

0.68 

 

$

0.21 

Diluted earnings per share from discontinued operations

 

 

1.25 

 

 

0.45 

 

 

0.32 

 

 

0.89 

Diluted earnings per share

 

$

1.63 

 

$

1.31 

 

$

1.00 

 

$

1.10 

Dividends per share

 

$

0.42 

 

$

0.42 

 

$

0.42 

 

$

0.38 

Weighted Average Shares Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

57.8 

 

 

58.7 

 

 

58.8 

 

 

59.3 

Diluted

 

 

58.1 

 

 

58.9 

 

 

59.0 

 

 

59.5 








 

Exhibit 99.7

Spectrum Brands Holdings, Inc.

Fiscal Year Ended September 30, 2016





 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended

(in millions, except per share amounts)

 

September 30, 2016

 

July 3, 2016

 

April 3, 2016

 

January 3, 2016

Net sales

 

$

729.8 

 

$

907.5 

 

$

784.7 

 

$

607.5 

Cost of goods sold

 

 

424.6 

 

 

531.4 

 

 

464.0 

 

 

371.6 

Restructuring and related charges

 

 

 

 

 

 

0.2 

 

 

Gross profit

 

 

305.2 

 

 

376.1 

 

 

320.5 

 

 

235.9 

Selling

 

 

119.5 

 

 

130.8 

 

 

120.8 

 

 

106.4 

General and administrative

 

 

68.1 

 

 

65.5 

 

 

70.3 

 

 

61.0 

Research and development

 

 

7.6 

 

 

7.0 

 

 

6.5 

 

 

5.9 

Acquisition and integration related charges

 

 

4.4 

 

 

7.5 

 

 

12.6 

 

 

9.6 

Restructuring and related charges

 

 

7.0 

 

 

4.7 

 

 

1.1 

 

 

0.9 

Write-off from impairment of intangible assets

 

 

2.7 

 

 

 

 

 

 

Total operating expenses

 

 

209.3 

 

 

215.5 

 

 

211.3 

 

 

183.8 

Operating income

 

 

95.9 

 

 

160.6 

 

 

109.2 

 

 

52.1 

Interest expense

 

 

59.4 

 

 

40.4 

 

 

40.9 

 

 

41.3 

Other non-operating expense, net

 

 

1.3 

 

 

1.0 

 

 

1.0 

 

 

1.4 

Income from continuing operations before income taxes

 

 

35.2 

 

 

119.2 

 

 

67.3 

 

 

9.4 

Income tax (benefit) expense

 

 

(35.6)

 

 

2.8 

 

 

(12.1)

 

 

(5.1)

Net income from continuing operations

 

 

70.8 

 

 

116.4 

 

 

79.4 

 

 

14.5 

Income (loss) from discontinued operations, net of tax

 

 

18.3 

 

 

(14.3)

 

 

13.3 

 

 

59.2 

Net income

 

 

89.1 

 

 

102.1 

 

 

92.7 

 

 

73.7 

Net income attributable to non-controlling interest

 

 

0.1 

 

 

0.2 

 

 

0.1 

 

 

0.1 

Net income attributable to controlling interest

 

$

89.0 

 

$

101.9 

 

$

92.6 

 

$

73.6 

Amounts attributable to controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations attributable to controlling interest

 

$

70.5 

 

$

116.0 

 

$

79.2 

 

$

14.3 

Net Income (loss) from discontinued operations attributable to controlling interest

 

 

18.5 

 

 

(14.1)

 

 

13.4 

 

 

59.3 

Net Income attributable to controlling interest

 

$

89.0 

 

$

101.9 

 

$

92.6 

 

$

73.6 

Earnings (Loss) Per Share

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share from continuing operations

 

$

1.19 

 

$

1.96 

 

$

1.33 

 

$

0.24 

Basic earnings (loss) per share from discontinued operations

 

 

0.31 

 

 

(0.24)

 

 

0.23 

 

 

1.00 

Basic earnings per share

 

$

1.50 

 

$

1.72 

 

$

1.56 

 

$

1.24 

Diluted earnings per share from continuing operations

 

$

1.18 

 

$

1.95 

 

$

1.33 

 

$

0.24 

Diluted earnings (loss) per share from discontinued operations

 

 

0.31 

 

 

(0.24)

 

 

0.22 

 

 

1.00 

Diluted earnings per share

 

$

1.49 

 

$

1.71 

 

$

1.55 

 

$

1.24 

Dividends per share

 

$

0.38 

 

$

0.38 

 

$

0.38 

 

$

0.33 

Weighted Average Shares Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

59.4 

 

 

59.4 

 

 

59.4 

 

 

59.2 

Diluted

 

 

59.8 

 

 

59.6 

 

 

59.5 

 

 

59.4 










 

Exhibit 99.7

SB/RH Holdings, LLC

Fiscal Year Ended September 30, 2017





 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended

(in millions)

 

September 30, 2017

 

July 2, 2017

 

April 2, 2017

 

January 1, 2017

Net sales

 

$

787.8 

 

$

862.9 

 

$

756.5 

 

$

602.3 

Cost of goods sold

 

 

476.2 

 

 

531.5 

 

 

445.6 

 

 

362.1 

Restructuring and related charges

 

 

1.6 

 

 

11.2 

 

 

4.1 

 

 

1.1 

Gross profit

 

 

310.0 

 

 

320.2 

 

 

306.8 

 

 

239.1 

Selling

 

 

120.0 

 

 

127.9 

 

 

119.3 

 

 

106.6 

General and administrative

 

 

82.5 

 

 

57.9 

 

 

64.9 

 

 

59.1 

Research and development

 

 

6.3 

 

 

7.2 

 

 

7.0 

 

 

6.6 

Acquisition and integration related charges

 

 

4.0 

 

 

5.2 

 

 

3.2 

 

 

3.3 

Restructuring and related charges

 

 

27.4 

 

 

10.0 

 

 

3.8 

 

 

1.1 

Write-off from impairment of intangible assets

 

 

16.3 

 

 

 

 

 

 

Total operating expenses

 

 

256.5 

 

 

208.2 

 

 

198.2 

 

 

176.7 

Operating income

 

 

53.5 

 

 

112.0 

 

 

108.6 

 

 

62.4 

Interest expense

 

 

39.3 

 

 

39.8 

 

 

38.9 

 

 

43.3 

Other non-operating expense, net

 

 

2.6 

 

 

1.4 

 

 

2.0 

 

 

(1.0)

Income from continuing operations before income taxes

 

 

11.6 

 

 

70.8 

 

 

67.7 

 

 

20.1 

Income tax (benefit) expense

 

 

(12.1)

 

 

19.7 

 

 

25.6 

 

 

7.9 

Net income from continuing operations

 

 

23.7 

 

 

51.1 

 

 

42.1 

 

 

12.2 

Income from discontinued operations, net of tax

 

 

72.3 

 

 

28.3 

 

 

18.7 

 

 

52.7 

Net income

 

 

96.0 

 

 

79.4 

 

 

60.8 

 

 

64.9 

Net (loss) income attributable to non-controlling interest

 

 

(0.2)

 

 

1.7 

 

 

(0.2)

 

 

(0.1)

Net income attributable to controlling interest

 

$

96.2 

 

$

77.7 

 

$

61.0 

 

$

65.0 

Amounts attributable to controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations attributable to controlling interest

 

$

23.7 

 

$

51.1 

 

$

42.1 

 

$

12.2 

Net income from discontinued operations attributable to controlling interest

 

 

72.5 

 

 

26.6 

 

 

18.9 

 

 

52.8 

Net income attributable to controlling interest

 

$

96.2 

 

$

77.7 

 

$

61.0 

 

$

65.0 








 

Exhibit 99.7

SB/RH Holdings, LLC

Fiscal Year Ended September 30, 2016





 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended

(in millions)

 

September 30, 2016

 

July 3, 2016

 

April 3, 2016

 

January 3, 2016

Net sales

 

$

729.8 

 

$

907.5 

 

$

784.7 

 

$

607.5 

Cost of goods sold

 

 

424.6 

 

 

531.4 

 

 

464.0 

 

 

371.6 

Restructuring and related charges

 

 

 

 

 

 

0.2 

 

 

Gross profit

 

 

305.2 

 

 

376.1 

 

 

320.5 

 

 

235.9 

Selling

 

 

119.5 

 

 

130.8 

 

 

120.8 

 

 

106.3 

General and administrative

 

 

66.9 

 

 

64.1 

 

 

69.0 

 

 

59.3 

Research and development

 

 

7.6 

 

 

7.0 

 

 

6.5 

 

 

5.9 

Acquisition and integration related charges

 

 

4.4 

 

 

7.5 

 

 

12.6 

 

 

9.6 

Restructuring and related charges

 

 

7.0 

 

 

4.7 

 

 

1.1 

 

 

0.9 

Write-off from impairment of intangible assets

 

 

2.7 

 

 

 

 

 

 

Total operating expenses

 

 

208.1 

 

 

214.1 

 

 

210.0 

 

 

182.0 

Operating income

 

 

97.1 

 

 

162.0 

 

 

110.5 

 

 

53.9 

Interest expense

 

 

59.4 

 

 

40.4 

 

 

40.8 

 

 

41.3 

Other non-operating expense, net

 

 

1.3 

 

 

1.0 

 

 

1.0 

 

 

1.4 

Income from continuing operations before income taxes

 

 

36.4 

 

 

120.6 

 

 

68.7 

 

 

11.2 

Income tax (benefit) expense

 

 

(34.3)

 

 

1.1 

 

 

(0.6)

 

 

(5.1)

Net income from continuing operations

 

 

70.7 

 

 

119.5 

 

 

69.3 

 

 

16.3 

Income (loss) from discontinued operations, net of tax

 

 

18.3 

 

 

(14.3)

 

 

13.3 

 

 

59.2 

Net income

 

 

89.0 

 

 

105.2 

 

 

82.6 

 

 

75.5 

Net income attributable to non-controlling interest

 

 

0.1 

 

 

0.1 

 

 

0.1 

 

 

0.1 

Net income attributable to controlling interest

 

$

88.9 

 

$

105.1 

 

$

82.5 

 

$

75.4 

Amounts attributable to controlling interest

 

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations attributable to controlling interest

 

$

70.4 

 

$

119.2 

 

$

69.1 

 

$

16.1 

Net Income (loss) from discontinued operations attributable to controlling interest

 

 

18.5 

 

 

(14.1)

 

 

13.4 

 

 

59.3 

Net Income attributable to controlling interest

 

$

88.9 

 

$

105.1 

 

$

82.5 

 

$

75.4