Spectrum Brands sees FY25 revenue growth in low single digits

Spectrum Brands (SPB) expects low single-digit growth in reported net sales in fiscal 2025. Fiscal 2025 adjusted EBITDA is expected to increase by mid to high single-digits. Adjusted free cash flow is expected to be approximately 50% of adjusted EBITDA. The company continues to target a long-term net leverage ratio of 2.0-2.5 times. FY25 revenue consensus $2.99B.