EarningsQ3 2026 Earnings Report
MX:SPB Q3 2026 EPS Results
Actual EPS$50.67
Consensus EPS$26.44
Beat/MissBeat by +$24.23
One Year Ago EPS$22.52
MX:SPB Q3 2026 Revenue Results
Actual Revenue$13.68B
Expected Revenue$13.30B
Beat/MissBeat by +$381.61M
YoY Revenue Growth+7.68%
Earnings Announcement Details
QuarterQ3 2026
Date08/07/2026
TimeBefore Open
Conference CallFriday, August 7, 2026
MX:SPB Upcoming Earnings
Spectrum Brands Holdings's next earnings date is estimated for November 13, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:SPB Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely constructive operational and financial update: strong top-line growth (7.7% Q3), a record Home & Garden quarter (+19%), broad adjusted EBITDA improvement (excluding tariff refunds) and meaningful balance sheet strength (cash ~$259M and net leverage ~1x). Progress on ERP deployment, high fill rates and active share repurchases further reinforce execution. Counterbalancing these positives are material one-time items (tariff refunds and an HPC impairment) that complicate comparisons, a drop in GAAP operating income and adjusted EPS when excluding tariff benefits, ongoing tariff/inflation uncertainty, and near-term demand risks (weather-driven variability and retailer inventory builds) that may pressure Q4, particularly in Home & Garden and Home & Personal Care. Overall, the favorable operating momentum, margin expansion excluding one-time items, strong liquidity and strategic progress outweigh the transitory and business-specific headwinds.Company Guidance
Quarterly Revenue Growth
Net sales increased 7.7% year-over-year in Q3; organic net sales (ex-FX) increased 6.6%.
Record Home & Garden Quarter
Home & Garden reported a record quarter with net sales of $225.0 million, up 19% versus prior year, driven by double-digit gains across pest control and herbicide categories.
Improved Profitability (Excluding Tariff Refunds)
Adjusted EBITDA excluding tariff refunds was $97.7 million, up $21.1 million or 27.5% year-over-year, reflecting higher volumes, pricing, favorable mix and cost improvements.
Gross Margin Expansion (Adjusted)
Gross margin excluding the one-time tariff refund was 41.1%, an increase of 330 basis points year-over-year, driven by volume, pricing, lower trade spend and mix improvement.
Strong Cash Position and Low Leverage
Quarter-end cash of ~$258.9 million, $0 drawn on revolver, total debt of ~$633 million and net debt ~$374.1 million, resulting in net leverage of about 1.0x (well below the 2.0–2.5x long-term target).
Operational Execution and Inventory Discipline
Maintained fill rates above 95% across all three business units on a leaner inventory base; year-to-date adjusted free cash flow of $136 million via disciplined working capital and CapEx management.
ERP Transformation Milestone
Completed S/4HANA deployments for 100% of Global Pet Care and Home & Garden and all but HPC EMEA in Home & Personal Care—major step in multiyear transformation to standardize processes and improve efficiency.
Share Repurchase Activity
Repurchased ~200,000 shares for ~$15.8 million in the quarter with over $300 million of additional Board authorization remaining.
Business Unit Margin Improvements
Excluding tariff refunds, adjusted EBITDA by segment improved: Global Pet Care $51.9M (+$7.9M; margin 19.7%, +250 bps), Home & Garden $48.4M (+$9.8M; margin 21.5%, +110 bps), Home & Personal Care $14.4M (+$7.4M; margin 5.4%, +270 bps).
Tariff Refund Progress
Recognized receivable for Phase 2 tariff refunds; substantially all Phase 1 refunds collected and over 95% of Phase 2 claims filed—company expects most cash refunds in fiscal year (majority by calendar year-end).
MX:SPB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed