Friday, January 30, 2015 7:16:37 AM
3.3% Core Sales Growth and Normalized EPS of $0.49
4.1% Net Sales Growth and Reported EPS of $0.19
2015 Guidance Revised to Reflect Improved Core Sales Outlook and Negative Impact of Foreign Currency
Fourth Quarter Executive Summary
3.3 percent core sales growth, excluding foreign currency and the impact of acquisitions; 4.1 percent net sales growth including a 400 basis point contribution from acquisitions
Full year core sales growth of 3.0 percent; 2.1 percent full year net sales growth
37.7 percent normalized gross margin, a 70 basis point improvement compared to the prior year; 37.6 percent reported gross margin, a 60 basis point improvement compared to the prior year
13.4 percent normalized operating margin, a 120 basis point improvement compared to the prior year; 7.4 percent reported operating margin, a 330 basis point decline compared to prior year due to a $65.4 million non-cash pension settlement charge in 2014
$0.49 normalized EPS compared to $0.46 in the prior year, a 6.5 percent increase despite significantly increased advertising investment; $0.19 reported EPS compared to $0.41 in the prior year driven by the $65.4 million non-cash pension settlement charge
Full year normalized EPS of $2.00 compared to $1.82 in the prior year; $1.35 reported EPS compared to $1.63 in the prior year
• Repurchased 2.8 million shares at a cost of $100.6 million
Completed acquisitions of bubba brands, inc. and Baby Jogger Holdings, Inc.
Announced $200 million expansion and extension of Project Renewal through the end of 2017; cumulative annualized savings over total project expected to be $470 to $525 million
Announced expansion of on-going share repurchase program to repurchase up to an additional $500 million in outstanding shares through the end of 2017
Recent NWL News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:41:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:38:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:35:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:31:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:29:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:26:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:23:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 08:01:34 PM
- Newell Brands Declares Dividend on Common Stock • Business Wire • 05/08/2024 10:09:00 PM
- Newell Brands Announces First Quarter 2024 Results • Business Wire • 04/26/2024 11:00:00 AM
- Sharpie® Embarks on "The World Is Your Canvas" Tour to Empower Creativity Nationwide • PR Newswire (US) • 04/18/2024 12:01:00 PM
- Newell Brands to Webcast First Quarter 2024 Earnings Results • Business Wire • 04/12/2024 12:00:00 PM
- Elmer's® Unveils 'Elmer's Creations': An Inspiration Hub Where Hands-On Activity Promotes Learning • PR Newswire (US) • 04/10/2024 12:15:00 PM
- Sharpie® and Paper Mate® Partner with Mindy Kaling to Inspire Creativity Through the "Let's Get Creative" Campaign Launched at South by Southwest® • PR Newswire (US) • 03/12/2024 06:13:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:11:33 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:09:44 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/23/2024 05:54:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 09:17:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 09:12:05 PM
- Newell Brands Announces Board Refreshment • Business Wire • 02/22/2024 09:10:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:27:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:26:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:25:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:23:11 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM