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3001 Deming Way Middleton , WI 53562-1431 P.O. Box 620992 Middleton , WI 53562-0992 ( 608 ) 275-3340 For Immediate Release Exhibit 99.1 Spectrum Bra Investor / Media Contact : Kevin Kim 608-278-6148 Spectrum Brands Holdings Reports Fiscal 2021 Third Quarter Results Net Sales Increased 18.1 % and Organic Net Sales Increased 12.0 % • Net Income from Continuing Operations Decreased $ 101.7 Million to $ 35.9 Million • Adjusted EBITDA Increased 1.8 % to $ 167.4 Million • Maintained Strong Financial Flexibility with Over $ 600 million of Total Liquidity • Reiterating 2021 Earnings Framework for Net Sales , Adjusted EBITDA and Adjusted Free Cash • Reiterating Total Savings Gross Target from Global Productivity Improvement Program of $ 200 Million Middleton , WI , August 6 , 2021 - Spectrum Brands Holdings , Inc. ( NYSE : SPB ; " Spectrum Brands " or the " Company " ) , a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service , today reported results from continuing operations for the third quarter of fiscal 2021 ended July 4 , 2021 . " We again delivered top - line growth in the quarter , and continued to plant seeds for future growth with our investments in innovation , marketing and advertising across each of our businesses . Our Q3 sales grew 18.1 % , driven by growth across all business units , with standout growth from Hardware and Home Improvement ( HHI ) . This double - digit top - line performance also reflects 13.8 % total company growth against 2019 levels , and reflects our actions over the last few years to reignite the fly wheel of growth for our trusted brands . Turning to the bottom line , Q3 net income from continuing operations was $ 34.9 million and adjusted EBITDA was $ 167.4 million . The adjusted EBITDA increase was driven by HHI's organic growth . Adjusted EPS grew 15.4 % despite headwinds from inflation and incremental investments in marketing and advertising , as our teams continued to focus on driving efficiencies from our Global Productivity Improvement Program ( GPIP ) and implementing pricing actions . We were also opportunistic this quarter with our share repurchase program , buying back over $ 10 million in Spectrum Brands shares , ” said David Maura , Chairman and Chief Executive Officer of Spectrum Brands . " Headwinds from inflationary pressures stepped up in the quarter as expected , driven by transportation and commodity costs . Despite these continued headwinds , we remain committed to delivering on our earnings framework , with mid - teens net sales and adjusted EBITDA growth , and adjusted free cash flow of $ 260 to $ 280 million . We will continue to focus on disciplined execution of our winning playbook , investing in our people , continuing to drive a culture of servant leadership , empowering and resourcing our teams to win in the market place with news and excitement from new product introductions " said Mr. Maura . Page 1/19