The company expects to generate approximately $160M of free cash flow in Fiscal 25 but is not providing a Fiscal 25 earnings framework due to uncertainty caused by global trade conditions and tariffs, and the associated softening of global consumer demand. The company continues to target a long-term net leverage ratio of 2.0-2.5 times.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPB:
- Spectrum Brands Holds Successful Annual Shareholder Meeting
- Monness Recommends Buy Rating for Spectrum Brands Holdings Amid Strategic Improvements and Positive Segment Trends
- SPB Upcoming Earnings Report: What to Expect?
- Spectrum Brands price target lowered to $60 from $65 at Wells Fargo
- Spectrum Brands price target lowered to $77 from $89 at Canaccord