Spectrum Brands Holdings Inc at CJS Securities New Ideas Conference (Virtual) Transcript
Good afternoon, and welcome to the 22nd Annual CJS Securities New Ideas for the New Year Conference. I'm Bob Labick , President of CJS. We're happy to bring to you the management of Spectrum Brands. Presenting for Spectrum today is EVP and CFO, Jeremy Smeltser.
Spectrum is a leading consumer brand company in the midst of a transformational change. They're selling their largest segment, HHI to ASSA ABLOY for about $4.3 billion or 14x EBITDA, flipping their balance sheet from 3.5x levered to over $1 billion in net cash post transaction.
So there's a lot of things, a lot of exciting things going on here. And we'll start today's presentation with a 10 to 15-minute presentation from Jeremy. And then after that, I'll conduct a fireside chat. For clients interested in asking a question, please type it into the portal and we'll try to work that into the Q&A. And with that, it's my pleasure to hand it off to Jeremy to give us the overview of Spectrum. Jeremy?
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