Madison’s Spectrum Brands takes a net loss

The consumer products company had a net loss of $13.4 million, or 26 cents a share, on revenues of $870.3 million compared with profits of $13.1 million, or 25 cents a share, on revenues of $848.8 million for the same period a year ago.

The results included sales from Spectrum Brands’ purchase in December of Stanley Black & Decker’s hardware and home improvement business. They also included acquisition and integration costs of $20.8 million and interest expense of $28.8 million, primarily from the acquisition.

Via Wisconsin State Journal.