Spectrum Brands Holdings to Reaffirm Fiscal 2019 Guidance at CAGNY Conference
| SPECTRUM BRANDS HOLDINGS, INC. | |||
| RECONCILIATION OF FORECASTED NET INCOME TO ADJUSTED EBITDA | |||
| (in millions) | F2019 | ||
| Net income | $ | 40 - 72 | |
| Income tax expense | 40 - 51 | ||
| Interest expense | 180 - 190 | ||
| Depreciation and amortization | 175 - 185 | ||
| EBITDA | 455 - 478 | ||
| Share based compensation | 55 | ||
| Acquisition and integration related charges | 3 - 5 | ||
| Restructuring and related charges | 34 - 36 | ||
| HPC divestiture costs | 5 | ||
| Pet safety recall | 1 | ||
| Other | 3- 4 | ||
| Adjusted EBITDA | $ | 560 - 580 | |
About
Forward-Looking Statements
Certain matters discussed in this news release and other oral and
written statements by representatives of the Company from time to time
may contain, forward-looking statements, including, without limitation,
statements made regarding the Company’s ability to meet its guidance for
its fiscal 2019 and other financial metrics.We have tried,
whenever possible, to identify these statements by using words like
“future,” “anticipate”, “intend,” “plan,” “estimate,” “believe,”
“belief,” “expect,” “project,” “forecast,” “could,” “would,” “should,”
“will,” “may,” and similar expressions of future intent or the negative
of such terms. These statements are subject to a number of risks and
uncertainties that could cause results to differ materially from those
anticipated as of the date of this release.Actual results may
differ materially as a result of(1) the impact of our
indebtedness on our business, financial condition and results of
operations; (2) the impact of restrictions in our debt instruments on
our ability to operate our business, finance our capital needs or pursue
or expand business strategies; (3) any failure to comply with financial
covenants and other provisions and restrictions of our debt instruments;
(4) the impact of actions taken by significant stockholders; (5) the
impact of fluctuations in commodity prices, costs or availability of raw
materials or terms and conditions available from suppliers, including
suppliers’ willingness to advance credit; (6) interest rate and exchange
rate fluctuations; (7) the loss of significant reduction in, or
dependence upon, sales to any significant retail customer(s); (8)
competitive promotional activity or spending by competitors, or price
reductions by competitors; (9) the introduction of new product features
or technological developments by competitors and/or the development of
new competitors or competitive brands; (10) the effects of general
economic conditions, including inflation, recession or fears of a
recession, depression or fears of a depression, labor costs and stock
market volatility or changes in trade, tariff, monetary or fiscal
policies in the countries where we do business; (11) changes in consumer
spending preferences and demand for our products; (12) our ability to
develop and successfully introduce new products, protect our
intellectual property and avoid infringing the intellectual property of
third parties; (13) our ability to successfully implement, achieve and
sustain manufacturing and distribution cost efficiencies and
improvements, and fully realize anticipated cost savings; (14) the
seasonal nature of sales of certain of our products; (15) the effects of
climate change and unusual weather activity; (16) the cost and effect of
unanticipated legal, tax or regulatory proceedings or new laws or
regulations (including environmental, public health and consumer
protection regulations); (17) public perception regarding the safety of
products that we manufacture and sell, including the potential for
environmental liabilities, product liability claims, litigation and
other claims related to products manufactured by us and third parties;
(18) the impact of pending or threatened litigation; (19) the impact of
cybersecurity breaches or our actual or perceived failure to protect
company and personal data; (20) changes in accounting policies
applicable to our business; (21) our ability to utilize net operating
loss carry-forwards to offset tax liabilities from future taxable
income; (22) government regulations; (23) the impact of expenses
resulting from the implementation of new business strategies,
divestitures or current and proposed restructuring activities; (24) our
inability to successfully integrate and operate new acquisitions at the
level of financial performance anticipated; (25) the unanticipated loss
of key members of senior management; (26) the effects of political or
economic conditions, terrorist attacks, acts of war or other unrest in
international markets; and (27) the other risk factors set forth in the
securities filings of
View source version on businesswire.com: https://www.businesswire.com/news/home/20190221005278/en/
Source:
Investor/Media Contact:Dave Prichard
608-278-6141