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News Breaks | | | | October 22, 2012 | | 07:13 EDT |  | SPB | Spectrum Brands says FY12 results meet or exceed full-year guidance
The company said, “Spectrum Brands achieved strong results in fiscal 2012, including record sales, adjusted EBITDA and free cash flow, and met or exceeded our financial guidance for the year. In the face of extraordinary, negative foreign currency impacts, challenging European economies, and ongoing commodity and Asian supply chain cost increases, we delivered outstanding fiscal 2012 results. On a constant currency basis, our fiscal 2012 net sales and adjusted EBITDA grew a solid 4 percent and 10 percent, respectively, versus last year." Reports FY12 adjusted EBITDA of $485.3M; FY12 free cash flow approximately $208M, surpassing the company’s goal of at least $200M of free cash flow. | |
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