Spectrum Brands Holdings, Inc. (NYSE: SPB) Investor Investigation Over Potential Securities Violations Announced

Investors who purchased shares of Spectrum Brands Holdings, Inc. (NYSE: SPB), have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Spectrum Brands
Affected Securities: 
NYSE: SPB

An investigation on behalf of investors of Spectrum Brands Holdings, Inc. (NYSE: SPB) shares over potential securities laws violations by Spectrum Brands Holdings, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Spectrum Brands Holdings, Inc. (NYSE: SPB) concerning whether a series of statements by Spectrum Brands Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Middleton, WI based Spectrum Brands Holdings, Inc., through its subsidiaries, operates as a branded consumer products company that manufactures, markets, and distributes branded consumer products
Spectrum Brands Holdings, Inc. reported that its Total Revenue declined from over $5.04 billion for the 12 months period that ended on September 30, 2016 to over $5 billion for the 12 months period that ended on September 30, 2017 and that its Net Loss of $198.8 million for the 12 months period that ended on September 30, 2016 turned to a Net Income of $106 million for the 12 months period that ended on September 30, 2017.

On April 26, 2018, Spectrum Brands Holdings, Inc disclosed its second quarter 2018 results, and that the Company had lowered its fiscal year 2018 adjusted EBITDA guidance from $657-$674 million to $600-$617. In the same announcment, Spectrum Brands Holdings, Inc announced that Executive Chairman David M. Maura was named Chief Executive Officer, effective immediately. Maura stated that the Company faced "challenges related to our two greenfield manufacturing and distribution projects."

Shares of Spectrum Brands Holdings, Inc. (NYSE: SPB) declined from $118.33 per share in early 2018 to as low as $66.79 per share on April 27, 2018.