How much did Spectrum Brands spend on share repurchases in the nine-month period?

The company repurchased $58.2 million in treasury stock during the nine months ended June 28, 2026. Additionally, $3.2 million was paid in excise tax on net share repurchases. The exact number of shares repurchased and average price paid per share were not disclosed in this filing.

How did share repurchases affect earnings per share?

The reduction in diluted shares outstanding—from 25.0 million in the prior-year third quarter to 23.1 million in the current quarter—contributed to adjusted diluted EPS growth. Adjusted diluted EPS increased to $2.79 in Q3 FY2026 from $1.24 in Q3 FY2025. Management specifically noted that EPS benefited from the lower share count.

Does the company have authorization for a new repurchase program?

The filing does not disclose a specific new authorization, remaining authorization amount, or authorization date for the repurchase program. The company maintains general discretionary authority to conduct share repurchases in various forms but did not announce a new or expanded program in this earnings release.

How does the repurchase program fit into Spectrum Brands' overall capital allocation?

Share repurchases are one element of the company's capital allocation strategy. During the nine-month period, the company also paid $32.6 million in dividends to shareholders, repaid debt, and maintained a cash balance of $258.9 million. The company targets long-term net leverage of 2.0–2.5x Adjusted EBITDA and has discretion to adjust the pace of repurchases based on financial performance.

What mechanism does the company use to repurchase shares?

The filing does not specify whether repurchases were executed via Rule 10b-18 open-market purchases, accelerated share repurchase agreements, 10b5-1 plans, or other methods. The company's forward-looking statements note it may use 'open-market purchases, privately negotiated transactions, tender offers, redemptions, or otherwise,' but the specific execution method for the $58.2 million repurchased is not disclosed.

Could Spectrum Brands suspend or increase repurchases in the future?

Yes. Management explicitly stated in the forward-looking statements that the company retains 'discretion to adopt, conduct, suspend or discontinue any share repurchase program.' Repurchase activity may be adjusted based on operational performance, leverage targets, liquidity needs, and other strategic priorities.

SPB 8-K Filed 2026-08-07 Execution disclosure

Spectrum Brands repurchased $58.2M in stock during first nine months of fiscal 2026

Reduced share count supports adjusted EPS growth; company maintains discretion over repurchase activity as part of capital allocation strategy.

MechanismNot specified

What the filing says

Spectrum Brands Holdings, Inc. (NYSE: SPB) repurchased treasury stock totaling $58.2 million during the nine-month period ended June 28, 2026, according to its earnings release and consolidated statement of cash flows. The repurchases were executed as part of the company's ongoing share-repurchase program and contributed to a reduction in diluted shares outstanding, which fell to 23.1 million shares in the third quarter from 25.0 million in the prior-year period.

The company's cash flow statement discloses treasury stock purchases of $58.2 million for the nine-month period, with an additional $3.2 million paid in excise tax on net share repurchases. The filing does not specify the execution mechanism (Rule 10b-18 open-market purchases, accelerated share repurchase, or other method), nor does it provide details on average price paid per share or the exact number of shares repurchased during the period.

Management noted that the reduction in share count benefited adjusted diluted earnings per share, which increased to $2.79 for the third quarter of fiscal 2026 from $1.24 in the prior-year period. The company maintains discretionary authority over its repurchase program, stating in forward-looking statements that it retains "discretion to adopt, conduct, suspend or discontinue any share repurchase program or conduct any debt repayments, redemptions, repurchases or refinancing transactions (including our discretion to conduct purchases or repurchases, if any, in a variety of manners including open-market purchases, privately negotiated transactions, tender offers, redemptions, or otherwise)."

Diluted earnings per share benefited from a lower share count. Treasury stock purchases [of $58.2 million during the nine month period] contributed to a reduction in shares outstanding. — Spectrum Brands Holdings, Inc. 8-K filing · View on SEC EDGAR →

What this means

Treasury stock repurchases of $58.2 million over nine months reduced Spectrum Brands' share count and supported adjusted EPS growth even as the company faced operational headwinds, including a one-time non-cash impairment charge on its HPC business. The repurchase activity represents one component of the company's capital allocation strategy alongside debt service, dividends ($32.6 million paid in the nine-month period), and cash retention. With net debt leverage at 1.02x Adjusted EBITDA at quarter-end and a long-term net leverage target of 2.0–2.5x, the company retains discretionary authority to adjust repurchase pace based on financial performance and strategic priorities.

Frequently asked questions

How much did Spectrum Brands spend on share repurchases in the nine-month period?: The company repurchased $58.2 million in treasury stock during the nine months ended June 28, 2026. Additionally, $3.2 million was paid in excise tax on net share repurchases. The exact number of shares repurchased and average price paid per share were not disclosed in this filing.
How did share repurchases affect earnings per share?: The reduction in diluted shares outstanding—from 25.0 million in the prior-year third quarter to 23.1 million in the current quarter—contributed to adjusted diluted EPS growth. Adjusted diluted EPS increased to $2.79 in Q3 FY2026 from $1.24 in Q3 FY2025. Management specifically noted that EPS benefited from the lower share count.
Does the company have authorization for a new repurchase program?: The filing does not disclose a specific new authorization, remaining authorization amount, or authorization date for the repurchase program. The company maintains general discretionary authority to conduct share repurchases in various forms but did not announce a new or expanded program in this earnings release.
How does the repurchase program fit into Spectrum Brands' overall capital allocation?: Share repurchases are one element of the company's capital allocation strategy. During the nine-month period, the company also paid $32.6 million in dividends to shareholders, repaid debt, and maintained a cash balance of $258.9 million. The company targets long-term net leverage of 2.0–2.5x Adjusted EBITDA and has discretion to adjust the pace of repurchases based on financial performance.
What mechanism does the company use to repurchase shares?: The filing does not specify whether repurchases were executed via Rule 10b-18 open-market purchases, accelerated share repurchase agreements, 10b5-1 plans, or other methods. The company's forward-looking statements note it may use 'open-market purchases, privately negotiated transactions, tender offers, redemptions, or otherwise,' but the specific execution method for the $58.2 million repurchased is not disclosed.
Could Spectrum Brands suspend or increase repurchases in the future?: Yes. Management explicitly stated in the forward-looking statements that the company retains 'discretion to adopt, conduct, suspend or discontinue any share repurchase program.' Repurchase activity may be adjusted based on operational performance, leverage targets, liquidity needs, and other strategic priorities.

execution consumer-staples share-count-accretive discretionary-repurchase cash-flow-activity

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.