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BREAKING NEWS / URGENT: The State Supreme Court upholds Act 10, Voter ID, and the state's domestic partnership registry

MADISON, Wis (WSAU)  - The Wisconsin State Supreme Court upheld Act 10, the state law that limits the collective bargaining rights of state employees. The law from three years ago sparked protests at the state capital and led to the recall attempt against Governor Scott Walker. The court's ruling in favor of Act 10 was 5-2. Justice Michael Gableman wrote the lead opinion, which was also signed by Justices David Prosser, Pat Roggensack and Annette Ziegler. Justice Patrick Crooks concurre...

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Spectrum Brands reports quarterly net profit

by
Spectrum Brands
Spectrum Brands

MADISON, WI (WTAQ) - The Madison company that makes Ray-o-Vac batteries and Black and Decker tools is making a profit again.

Spectrum Brands reports a net income of $5.5 million from July through September, the final quarter of its fiscal year. The company lost almost $34 million at the same time a year ago.

Earnings totaled 10 cents a share in the last quarter, compared to a loss of 65 cents a share the previous year.

Spectrum also reported record sales for its recently-completed fiscal year. Product sales totaled almost $833 million for the year ending September 30th. That’s up from last year’s sales of $827 million.

For the entire fiscal year, Spectrum Brands said it made almost $49 million, or 91 cents a share. It lost $75 million the previous year, of $1.47 per share.

CEO Dave Lumley said the numbers reflect the strength of its replacement products and brands – and consumers appreciate Spectrum’s strategy of offering the same performance from its products at lower prices. 

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