Spectrum Brands Holdings, Inc. (SPB), a home essentials company, Thursday reported net income from continuing operations of $19.1 million or $0.66 per share for the third quarter, compared with net loss from continuing operations of $172.2 million or $4.27 per share in the comparable quarter last year.
In the previous-year quarter, Spectrum Brands had impairment expenses related to goodwill as well as intangible assets of $111.1 million and $53.7 million respectively.
Excluding one-time items, adjusted EPS from continuing operations was $1.10, up from $0.93 a year ago.
Net income, including discontinued operations was $6.1 million or $0.21 per share, down from $1.859 billion or $46.07 per share last year.
The company posted operating income of $47.7 million compared with operating loss of $124.7 million a year ago.
Sales for the quarter increased to $779.4 million from $735.5 million in the previous year.
For the full year, the company continues to expect sales to be relatively flat with fiscal 2023.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.