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Spectrum Brands Holdings SPB HPC — Write-off from impairment of intangible assets

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Other financials

Income statement

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Revenue$753.3M+7.7%
Gross profit$370.4M+40.2%
Operating income$15.9M-49.2%
Net income-$26.8M-235%
EPS (diluted)-$1.16-245%

Balance sheet

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Cash & equivalents$258.9M+112%
Total debt$748.2M-1.5%
Total equity$1.8B-2.4%
Total assets$3.6B+1.0%

Cash flow

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Operating cash flow$83.3M+1.8%
CapEx$9.8M-2.0%
Free cash flow$73.5M+2.4%

Valuation

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Market cap$2.02B+49.2%
Enterprise value$2.51B+26.0%
P/E25.5×+6.9×
P/S0.7×+0.2×

Profitability

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Gross margin39.6%+2.3pp
Operating margin4%-0.1pp
Net margin2.8%+0.2pp
FCF margin10.2%+7.5pp

Returns & leverage

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Return on equity4.2%+0.6pp
Debt / equity0.4×0.0×
Current ratio2.4×0.0×

Where this comes from

Reported directly by Spectrum Brands Holdings in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill.

The source filing: Spectrum Brands Holdings’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 10:02 AM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q3 2026
Accession
0000109177-26-000040

During the three month period ended June 28, 2026, the Company and its HPC segment realized a triggering event in relation to the implied enterprise value of the HPC business associated with the noncontrolling interest recognized as part of the HPC Transaction, impacting market related inputs and assumptions used in assessing the value for indefinite lived intangible assets held by the HPC business unit. As a result, we recognized an impairment charge of $104.0 million for the three and nine month periods ended June 28, 2026 on related indefinite lived intangible assets.

Item 1. Financial Statements (Unaudited)

FAQ

What is Spectrum Brands Holdings's HPC — write-off from impairment of intangible assets?
Spectrum Brands Holdings (SPB) reported HPC — write-off from impairment of intangible assets of $104M in Q2 2026.
What does HPC — write-off from impairment of intangible assets mean?
The non-cash charge taken to reduce the book value of intangible assets, such as goodwill, trademarks, or patents, when their fair value is deemed lower than their carrying amount. This reflects a reassessment of the segment's competitive position or the long-term value of acquired brands. It is a significant indicator of potential overvaluation or deteriorating market conditions for the segment's intangible assets.

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