Last $12.02 USD
Change Today +0.31 / 2.65%
Volume 626.6K
HRG On Other Exchanges
Symbol
Exchange
New York
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As of 4:15 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

harbinger group inc (HRG) Snapshot

Open
$11.81
Previous Close
$11.71
Day High
$12.09
Day Low
$11.78
52 Week High
06/20/14 - $13.34
52 Week Low
07/30/13 - $7.90
Market Cap
2.5B
Average Volume 10 Days
379.4K
EPS TTM
$-2.47
Shares Outstanding
207.6M
EX-Date
11/3/98
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HARBINGER GROUP INC (HRG)

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harbinger group inc (HRG) Details

Harbinger Group Inc., through its subsidiaries, provides various branded consumer products. Its product portfolio includes consumer batteries, such as alkaline and zinc carbon batteries, rechargeable batteries and chargers, hearing aid batteries, other specialty batteries, and portable lighting products; small appliances comprising small kitchen appliances and home product appliances; and pet supplies consisting of aquatic equipment and supplies, dog and cat treats, small animal foods, clean up and training aids, health and grooming products, and bedding products. The company’s product portfolio also comprises hardware and home improvement products, including residential locksets, builders hardware, and plumbing products; home and garden control products, such as household insect controls, insect repellents, and herbicides; electric shaving and grooming devices; and electric personal care, and styling devices. Harbinger Group Inc. offers its products under various brand names. The company sells its products through retailers, wholesalers and distributors, hearing aid professionals, industrial distributors, and original equipment manufacturers to home improvement centers, mass merchandisers, dollar stores, hardware stores, home and garden distributors, food and drug retailers, and pet stores. In addition, it provides life insurance and annuity products through independent agents, managing general agents, and specialty brokerage firms; long-term reinsurance to specialty insurance sector of fixed, deferred, and payout annuities; and secured asset-based loans to various industries, as well as is engaged in owning, operating, acquiring, exploiting, and developing conventional oil and natural gas assets in the United States. The company was formerly known as Zapata Corporation and changed its name to Harbinger Group Inc. in December 2009. Harbinger Group Inc. was founded in 1954 and is headquartered in New York, New York.

13,742 Employees
Last Reported Date: 11/27/13
Founded in 1954

harbinger group inc (HRG) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: --
President and Director
Total Annual Compensation: $500.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Managing Director, Executive Vice President o...
Total Annual Compensation: $500.0K
Chief Accounting Officer and Vice President
Total Annual Compensation: $311.5K
Compensation as of Fiscal Year 2013.

harbinger group inc (HRG) Key Developments

Harbinger Group Inc. Announces New Directors

Harbinger Group Inc. appointed Mr. Andrew Whittaker and Mr. Joseph S. Steinberg as Class I and Class II directors of the Company, respectively. As a Class I directors, Mr. Whittaker’s term will continue until the Company’s 2017 Annual Meeting of Stockholders. As a Class II director, Mr. Steinberg’s term will continue until the Company’s 2015 Annual Meeting of Stockholders. Mr. Steinberg has been named to the Compensation Committee of the Company’s board of directors. At this time, Mr. Whittaker has not been named to any committee of the Company’s board of directors. Mr. Whittaker has been Vice Chairman of Jefferies Group LLC (“Jefferies”) since 2002 and has been the Vice Chairman of Leucadia National Corporation (“Leucadia”) since 2014. Mr. Whittaker has served as member of the board of directors of Jefferies Finance LLC since 2004. Mr. Whittaker has been a member of the Jefferies Executive Committee for the past 18 years. He was formerly the Co-Head of Investment Banking at Jefferies. Mr. Whittaker has over 25 years of investment banking experience in a broad range of industries. Mr. Steinberg is Chairman of the board of directors of Leucadia. He has served as a director of Leucadia since December 1978 and as President from January 1979 until March 1, 2013. Mr. Steinberg has served as Chairman of the board of directors of HomeFed Corporation since 1999 and as a director since 1998. Mr. Steinberg also serves on the board of directors of Crimson Wine Group Ltd. Mr. Steinberg has managerial and investing experience in a broad range of businesses through his many years as President and a director of Leucadia and its affiliates.

Harbinger Group Inc. Announces Amendments to its Indenture of the Notes

On May 23, 2014, Harbinger Group Inc. entered into a supplemental indenture amending the indenture governing the Notes. The Supplemental Indenture was entered into between the Company and Wells Fargo Bank, National Association, the trustee under the Indenture, following the Company's receipt of the consents of holders of a majority of the outstanding principal amount of the Notes. The Supplemental Indenture will provide the Company with, among other things, greater flexibility to repurchase or redeem its outstanding common stock. The Supplemental Indenture will not be operative until the Company's acceptance, subject to proration, of any Notes validly tendered in its previously announced offer to exchange a portion of the outstanding Notes for up to $350.0 million aggregate principal amount of new 7.750% Senior Notes due 2022 as of the early tender time.

Harbinger Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Reports Impairment of Oil and Natural Gas Properties for the Quarter Ended March 31, 2014

Harbinger Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported total revenues of $1,341.2 million against $1,411.1 million a year ago. Operating income was $16.2 million against $134.0 million a year ago. Loss from continuing operations before income taxes was $69.1 million against income from continuing operations before income taxes of $15.5 million a year ago. Net loss was $55.8 million against $50.5 million a year ago. Net loss attributable to common and participating preferred stockholders was $87.6 million against $45.5 million a year ago. Basic and diluted net loss per common share attributable to controlling interest was $0.63 against $0.33 a year ago. The decrease in revenue is driven primarily by lower investment gains in its insurance segment, which more than offset the revenue growth achieved from all other segments, in particular, Consumer Products revenues - which increased due to higher battery, home and garden control, and hardware and home improvement sales - and Energy revenues, which increased primarily due to the full period effect of oil and natural gas sales resulting from its acquisition of the EXCO/HGI JV in the fiscal 2013 quarter. The decrease in operating income is primarily due to the recognition of non-cash impairments in Energy. For the six months, the company reported total revenues of $2,851.2 million against $2,633.4 million a year ago. Operating income was $195.5 million against $349.4 million a year ago. Loss from continuing operations before income taxes was $32.4 million against income from continuing operations before income taxes of $148.0 million a year ago. Net loss was $57.4 million against net income of $17.6 million a year ago. Net loss attributable to common and participating preferred stockholders was $126.6 million against net income of $16.5 million a year ago. Basic and diluted net loss per common share attributable to controlling interest was $0.91 against earnings per share of $0.06 a year ago. For the quarter, the company reported impairment of oil and natural gas properties of $81,000,000.

 

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