Spectrum Brands Holdings, Inc. announced that its Board of Directors declared a quarterly dividend of $0.25 per share on the company's common stock. The dividend, which is a regular taxable cash dividend, is payable on June 11, 2013 to stockholders of record as of the close of business on May 14, 2013.

Spectrum Brands Holdings, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported net sales of $987.8 million against $746.3 million a year ago. The increase was the result of the HHI acquisition completed on December 17, 2012. The net sales results were negatively impacted by $3.8 million of foreign exchange. Operating income was $52.3 million against $55.2 million a year ago. Loss from continuing operations before income tax expense was $11.8 million against $11.9 million a year ago. Net loss was $40.9 million against $28.7 million a year ago. Net loss attributable to controlling interest was $41.2 million or $0.79 per basic and diluted share against $28.7 million or $0.56 per basic and diluted share a year ago, driven by $25.8 million of additional costs from sales of revalued inventory related to the HHI acquisition and one-time acquisition and integration and restructuring costs of $19.9 million, of which $12.8 million was attributable to the HHI acquisition. Capital expenditure was $11.4 million against $9.7 million a year ago. Adjusted diluted income per share was $0.44 against $0.47 a year ago, due to an increase in non-cash stock compensation expense, driven by employee stock-based award programs. Adjusted EBIT was $96.1 million against $106.2 million a year ago. Adjusted EBITDA was $143.3 million against $138.5 million a year ago. Adjusted net loss was $40.9 million against $28.7 million a year ago. For the six months, the company reported net sales of $1,858.0 million against $1,595.1 million a year ago. The increase was the result of the HHI acquisition and higher revenues for the Global Pet Supplies business. Operating income was $120.4 million against $138.9 million a year ago. Loss from continuing operations before income tax expense was $15.1 million against income from continuing operations before income tax expense of $28.5 million a year ago. Net loss was $54.9 million against $15.6 million a year ago. Net loss attributable to controlling interest was $54.7 million or $1.05 per basic and diluted share against $15.6 million or $0.30 per basic and diluted share a year ago. Capital expenditure was $20.7 million against $18.6 million a year ago. Adjusted diluted income per share was $1.22 against $1.32 a year ago. Adjusted net loss was $54.9 million against $15.5 million a year ago. Adjusted EBIT was $225.7 million against $243.9 million a year ago. Adjusted EBITDA was $303.9 million against $304.5 million a year ago. For the twelve months ending September 30, 2013, the company expects net cash provided from operating activities to be in the range of $310 million-$320 million, purchases of property, plant and equipment to be in the range of $70 million-$80 million and free cash flow of $240 million.

Spectrum Brands Holdings, Inc., Q2 2013 Earnings Call, Apr 30, 2013