Spectrum Brands Holdings, Inc. (SPB) shares jumped 16.66 percent to $62.11 on Thursday after the home essentials company reported a sharp rise in fourth-quarter profit, driven by a one-time tax benefit and reduced operating expenses.
The stock opened at $59.03 and traded between $58.69 and $63.67 on the New York Stock Exchange. Over the past year, shares have ranged from $49.99 to $96.62, with volume reaching 0.42 million versus the average of 0.36 million.
Net income from continuing operations climbed 316.4 percent to $53.3 million, or $2.19 per share, compared with $12.8 million, or $0.45 per share, a year earlier. Revenue fell 5.2 percent to $733.5 million from $773.7 million, reflecting lower sales in GPC and HPC segments due to earlier supply constraints and category softness.
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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.