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Quarterly Results
 12 Months Ended
Sep. 30, 2018
Quarterly Results [Abstract]  
Quarterly Results

NOTE 22 - QUARTERLY RESULTS (UNAUDITED)







 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended

SBH 2018 (in millions, except per share)

 

September 30, 2018

 

June 30, 2018

 

March 31, 2018

 

December 31, 2017

Revenue

 

$

 974.4 

 

$

 1,029.4 

 

$

 882.6 

 

$

 922.2 

Gross profit

 

 

 346.9 

 

 

 362.7 

 

 

 306.0 

 

 

 318.5 

Net (loss) income attributable to controlling interest from continuing operations

 

 

 (34.0)

 

 

 382.9 

 

 

 (32.6)

 

 

 40.2 

Net (loss) income attributable to controlling interest from discontinued operations

 

 

 (81.9)

 

 

 22.7 

 

 

 3.7 

 

 

 467.3 

Net (loss) income attributable to controlling interest

 

$

 (115.9)

 

$

 405.6 

 

$

 (28.9)

 

$

 507.5 

Basic earnings per share from continuing operations

 

$

 (0.68)

 

$

 11.69 

 

$

 (1.00)

 

$

 1.24 

Basic earnings per share from discontinued operations

 

 

 (1.63)

 

 

 0.69 

 

 

 0.11 

 

 

 14.45 

Basic earnings per share

 

$

 (2.31)

 

$

 12.38 

 

$

 (0.89)

 

$

 15.69 

Diluted earnings per share from continuing operations

 

$

 (0.68)

 

$

 11.68 

 

$

 (1.00)

 

$

 1.23 

Diluted earnings per share from discontinued operations

 

 

 (1.63)

 

 

 0.69 

 

 

 0.11 

 

 

 14.32 

Diluted earnings per share

 

$

 (2.31)

 

$

 12.37 

 

$

 (0.89)

 

$

 15.55 





 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended

SBH 2017 (in millions, except per share)

 

September 30, 2017

 

June 30, 2017

 

March 31, 2017

 

December 31, 2016

Revenue

 

$

 987.4 

 

$

 966.9 

 

$

 869.0 

 

$

 882.1 

Gross profit

 

 

 359.2 

 

 

 338.4 

 

 

 321.5 

 

 

 317.4 

Net (loss) income attributable to controlling interest from continuing operations

 

 

 (4.8)

 

 

 (21.0)

 

 

 (30.6)

 

 

 (34.2)

Net (loss) income attributable to controlling interest from discontinued operations

 

 

 (21.5)

 

 

 23.1 

 

 

 (51.4)

 

 

 246.4 

Net income attributable to controlling interest

 

$

 (26.3)

 

$

 2.1 

 

$

 (82.0)

 

$

 212.2 

Basic earnings per share from continuing operations

 

$

 (0.14)

 

$

 (0.65)

 

$

 (0.95)

—

$

 (1.05)

Basic earnings per share from discontinued operations

 

 

 (0.67)

 

 

 0.72 

 

 

 (1.59)

 

 

 7.62 

Basic earnings per share

 

$

 (0.81)

 

$

 0.07 

 

$

 (2.54)

 

$

 6.57 

Diluted earnings per share from continuing operations

 

$

 (0.14)

 

$

 (0.65)

 

$

 (0.95)

 

$

 (1.05)

Diluted earnings per share from discontinued operations

 

 

 (0.67)

 

 

 0.72 

 

 

 (1.59)

 

 

 7.62 

Diluted earnings per share

 

$

 (0.81)

 

$

 0.07 

 

$

 (2.54)

 

$

 6.57 



The earnings per share data was retrospectively adjusted for all periods presented to reflect the effect of the reverse stock split on July 13, 2018, associated with the closing of the Spectrum Merger. See Note 4 – Acquisitions for further discussion on Spectrum Merger. Using (i) the 20-trading-day volume-weighted average price per share of Spectrum common stock ending on July 12, 2018, (ii) the number of shares of Spectrum common stock outstanding, the number of shares of Spectrum common stock held by HRG and its subsidiaries and the number of shares of Spectrum common stock outstanding as of July 12, 2018, (iii) $328.2 million of HRG net indebtedness and transaction expenses at closing, and (iv) a $200.0 million upward adjustment contemplated by the Merger Agreement, each HRG stockholder received a reverse stock split of approximately 0.1613 of each share of HRG stock.





 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended

SB/RH 2018 (in millions)

 

September 30, 2018

 

July 1, 2018

 

April 1, 2018

 

December 31, 2017

Revenue

 

$

 974.4 

 

$

 1,029.4 

 

$

 882.6 

 

$

 922.2 

Gross profit

 

 

 346.9 

 

 

 362.7 

 

 

 306.0 

 

 

 318.5 

Net (loss) income attributable to controlling interest from continuing operations

 

 

 (34.9)

 

 

 78.6 

 

 

 14.8 

 

 

 147.0 

Net (loss) income attributable to controlling interest from discontinued operations

 

 

 (61.4)

 

 

 4.6 

 

 

 11.3 

 

 

 21.5 

Net (loss) income attributable to controlling interest

 

$

 (96.3)

 

$

 83.2 

 

$

 26.1 

 

$

 168.5 

 

 

 

 

 

 

 

 

 

 

 

 

 









 

 

 

 

 

 

 

 

 

 

 

 



 

Quarter Ended

SB/RH 2017 (in millions)

 

September 30, 2017

 

July 2, 2017

 

April 2, 2017

 

January 1, 2017

Net sales

 

$

 987.4 

 

$

 966.9 

 

$

 869.0 

 

$

 882.1 

Gross profit

 

 

 359.2 

 

 

 338.2 

 

 

 320.5 

 

 

 317.4 

Net income attributable to controlling interest from continuing operations

 

 

 70.1 

 

 

 44.9 

 

 

 30.7 

 

 

 35.4 

Net income attributable to controlling interest from discontinued operations

 

 

 26.1 

 

 

 32.8 

 

 

 30.3 

 

 

 29.6 

Net income attributable to controlling interest

 

$

 96.2 

 

$

 77.7 

 

$

 61.0 

 

$

 65.0