Filing Flows › Spectrum Brands Holdings (SPB) › Q2 FY25
Spectrum Brands Holdings (SPB) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Spectrum Brands Holdings (SPB) reported revenue of $676M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and -3% from the quarter before. Operating margin was 2.9%, net earnings $1.2M (0.2% of revenue).
Spectrum Brands Holdings, Q2 FY25: revenue $676M (-6% year over year), operating margin 2.9%, net earnings $1.2M, operating cash flow $23.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $676M | -3% | -6% |
| Gross profit | $253M | -2% | -7% |
| Operating profit | $19.5M | -56% | -74% |
| Net earnings | $1.2M | -95% | -98% |
| Operating cash flow | $23.1M | — | +560% |
| Free cash flow | $13.9M | — | — |
What changed
Revenue was $675.7M in Q2 FY25, down 6% year over year and down 3% from the previous quarter. Product sales was the largest line at 99% of revenue. Product sales lost $42.3M year over year (down 6%), 99% of the total change.
Gross margin was 37.5%, down 0.5 points from a year earlier. Operating profit was $19.5M, a 2.9% margin (down 7.7 points year over year). Operating expenses grew 18% against a revenue fall of 6%. Net earnings were $900K, down 99% year over year. The effective tax rate was 88.9%.
Operating cash flow was $23.1M (up 560% year over year), 1925% of net income including minority interests. Non-cash charges added back $24.5M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $7.8M. Capital expenditures of $9.2M left free cash flow of $13.9M.
Questions
What was Spectrum Brands Holdings' revenue in the second quarter fiscal 2025?
Spectrum Brands Holdings (SPB) reported revenue of $676M for the second quarter fiscal 2025 (Q2 FY25), -6% from a year earlier and -3% from the quarter before.
Was Spectrum Brands Holdings profitable in the second quarter fiscal 2025?
Operating profit was $19.5M (2.9% of revenue) and net earnings $1.2M.