RADNOR, Pa.--(BUSINESS WIRE)--Kaskela Law LLC is investigating Spectrum Brands Holdings, Inc. (“Spectrum Brands” or the “Company”) (NYSE: SPB) on behalf of the Company’s investors.
Spectrum Brands investors who wish to discuss this investigation and their legal options are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esquire) at (484) 258 – 1585 or (888) 715 – 1740, or via email at firstname.lastname@example.org, to discuss this investigation and their legal rights and options. Investors may also visit www.kaskelalaw.com/spectrum for additional information.
On April 26, 2018, Spectrum Brands disclosed that the Company’s “second quarter performance was very disappointing” as a result of “challenges related to our two greenfield manufacturing and distribution projects.” Additionally, the Company disclosed that “external cost headwinds and mix combined to deliver a significant negative impact on our sales and margins,” and that “the magnitude of our second quarter shortfall and manufacturing and distribution center start-up inefficiencies has caused us to lower our full-year adjusted EBITDA guidance from continuing operations by $57 million at the mid-point and adjusted free cash flow on a total company basis by $135 million.”
Following this news, shares of Spectrum Brands’ common stock declined $19.22 per share, or over 20%, to close on April 26, 2018 at $75.01, on heavy trading volume.
Spectrum Brands investors are encouraged to contact Kaskela Law LLC to discuss this investigation and their legal rights and options. Kaskela Law LLC exclusively represents investors in state and federal courts throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.