Spectrum Brands Holdings Inc. saw its profits dip compared to a year ago.
The Middleton-based company reported net income of $27.8 million (52 cents/diluted share) in its second fiscal quarter that ended March 29. That compares to net income of $33.8 million (64 cents/diluted share) for the same quarter in 2014.
During the quarter, Spectrum elected a new CEO, Andreas Rouvé, who took the reins on April 1. The company also completed the acquisitions of the IAMS and Eukanuba European pet food business, as well as Salix Animal Health, a global dog treat company.
Spectrum’s fiscal second quarter sales were up 4.4%, compared to 2014, coming in at $1.07 billion compared to $1.02 billion during the same period a year ago.
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