Spectrum Brands Holdings First Quarter 2024 Earnings: Beats Expectations
Spectrum Brands Holdings (NYSE:SPB) First Quarter 2024 Results
Key Financial Results
Revenue: US$692.2m (down 3.0% from 1Q 2023).
Net income: US$17.4m (up from US$40.3m loss in 1Q 2023).
Profit margin: 2.5% (up from net loss in 1Q 2023).
EPS: US$0.51 (up from US$0.98 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Spectrum Brands Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 130%.
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Household Products industry in the US.
Performance of the American Household Products industry.
The company's shares are up 8.4% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Spectrum Brands Holdings that you need to take into consideration.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
