Spectrum Brands Holdings Inc. (SPB) stock is soaring 6.15% in pre-market trading following the release of its fiscal 2025 third-quarter results. Despite a mixed bag of financial metrics, investors appear to be focusing on the company's positive outlook and strategic moves.

The company reported a 10.2% decrease in net sales to $699.6 million, falling short of the IBES estimate of $742.2 million. This decline was attributed to halted shipments due to pricing negotiations, tariff-related supply constraints, and decreased global demand for certain products. However, Spectrum Brands saw its net income from continuing operations increase by $1.4 million to $20.5 million, or $0.83 per share. The adjusted earnings per share came in at $1.24, matching consensus estimates.

Investors seem encouraged by Spectrum Brands' forward-looking statements. The company announced that tariff pricing is now in place with all major customers, and retailer reorder patterns are normalizing in the fiscal fourth quarter. Additionally, Spectrum Brands reaffirmed its expectation to generate approximately $160 million of free cash flow in fiscal 2025. The company's ongoing share repurchase program, with 0.9 million shares bought back in Q3 for $54.4 million, may also be contributing to the positive market sentiment.