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Newell Brands Inc (NWL.N)

NWL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Carl Icahn Reports An 8.1 Percent Stake In Newell Brands Inc
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Newell Brands Inc ::CARL ICAHN REPORTS AN 8.1 PERCENT STAKE IN NEWELL BRANDS INC AS OF AUG 28 - SEC FILING.CARL ICAHN PREVIOUSLY REPORTED 6.96 PERCENT STAKE IN NEWELL BRANDS INC AS OF MARCH 18, 2018 – SEC FILING.  Full Article

Newell Brands Announces Agreement To Sell Goody Products To Acon Investments
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Newell Brands Inc ::PRESS RELEASE - NEWELL BRANDS DECLARES DIVIDEND ON COMMON STOCK AND ANNOUNCES AGREEMENT TO SELL GOODY PRODUCTS, INC. TO ACON INVESTMENTS.NEWELL BRANDS DECLARES DIVIDEND ON COMMON STOCK AND ANNOUNCES AGREEMENT TO SELL GOODY PRODUCTS, INC. TO ACON INVESTMENTS.NEWELL BRANDS INC - TERMS WERE NOT DISCLOSED..NEWELL BRANDS INC - HAS SIGNED DEFINITIVE AGREEMENT TO SELL GOODY PRODUCTS TO A FUND MANAGED BY ACON INVESTMENTS.NEWELL BRANDS INC - ANNOUNCED TODAY DECLARATION OF A QUARTERLY CASH DIVIDEND OF $0.23 PER SHARE.  Full Article

Newell Brands Q2 Adjusted Earnings Per Share $0.82
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.82.Q2 EARNINGS PER SHARE $0.27.Q2 EARNINGS PER SHARE VIEW $0.77 -- THOMSON REUTERS I/B/E/S.Q2 SALES $2.2 BILLION VERSUS $2.5 BILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.45 TO $2.65.Q2 REVENUE VIEW $3.83 BILLION -- THOMSON REUTERS I/B/E/S.NEWELL BRANDS - FULL YEAR OUTLOOK ADJUSTED FOR DISCONTINUED OPERATIONS REPORTING AND COMPLETED DIVESTITURES IS NET SALES OF $8.7 BILLION TO $9.0 BILLION.ANNOUNCES NEW REPORTING SEGMENTS FOR CONTINUING OPERATIONS.ADJUSTS GUIDANCE FOR DIVESTITURES OF WADDINGTON AND RAWLINGS.SEES 2018 NET SALES BETWEEN $8.7BN TO $9.0BN.EXPECT SEQUENTIAL IMPROVEMENT IN OPERATING RESULTS IN BACK HALF OF 2018.EXPECT CORE SALES ON CONTINUING BUSINESSES TO RECOVER TO GROWTH BY Q4.RETAIL LANDSCAPE "REMAINS" DIFFICULT.NEWELL BRANDS - NEW REPORTING SEGMENTS FOR FINANCIAL RESULTS AS OF JUNE 30 ARE FOOD & APPLIANCES, HOME & OUTDOOR LIVING AND LEARNING & DEVELOPMENT.EXPECTS SECOND HALF NORMALIZED OPERATING MARGINS OF 12.0 PERCENT TO 12.4 PERCENT.SEES 2018 ADJUSTED OPERATING CASH FLOW $0.9 BILLION TO $1.2 BILLION.NEWELL BRANDS - SEES SEQUENTIAL IMPROVEMENT IN RESULTS IN BACK HALF OF 2018 DESPITE INCREASED INFLATION, WORSENING FOREX & NEGATIVE IMPACT OF TARIFFS.2018 NET SALES GUIDANCE ADJUSTED FOR DISCONTINUED OPERATIONS TREATMENT.NEWELL - ADJUSTMENTS TO FY GUIDANCE FOR DIVESTITURE OF WADDINGTON AND RAWLINGS ARE ABOUT $0.20 OF NORMALIZED EPS.  Full Article

Newell Brands Announces Agreement With Starboard To End Proxy Contest
Monday, 23 Apr 2018 

April 23 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES AGREEMENT WITH STARBOARD TO END PROXY CONTEST.NEWELL BRANDS INC - BOARD APPOINTED TWO NEW INDEPENDENT DIRECTORS, GERARDO I. LOPEZ AND ROBERT A. STEELE, EFFECTIVE IMMEDIATELY.NEWELL BRANDS - INTENDS TO NOMINATE BRIDGET RYAN BERMAN FROM STARBOARD'S SLATE, WHO HAS BEEN MUTUALLY-AGREED UPON BY STARBOARD AND CARL C. ICAHN.NEWELL BRANDS INC - ANDREW LANGHAM HAS AGREED TO STEP DOWN FROM BOARD, EFFECTIVE IMMEDIATELY AND DAVID ATCHISON WILL NOT STAND FOR ELECTION.NEWELL BRANDS - AT 2018 ANNUAL MEETING, BOARD WILL BE EXPANDED TO COMPRISE 12 DIRECTORS.  Full Article

Newell Brands Announces Preliminary 2017 Results And Initial 2018 Guidance
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES ACCELERATION OF TRANSFORMATION PLAN, PRELIMINARY 2017 RESULTS AND INITIAL 2018 GUIDANCE.SEES FY 2018 ADJUSTED EARNINGS PER SHARE ABOUT $2.65 TO $2.85.SEES FY 2017 ADJUSTED EARNINGS PER SHARE $2.72 TO $2.76.EXPLORING PORTFOLIO RECONFIGURATION TO SIMPLIFY OPERATIONS AND ACCELERATE DELEVERAGING.FOCUSING NEWELL'S PORTFOLIO ON NINE CORE CONSUMER DIVISIONS.EXPLORING STRATEGIC OPTIONS FOR INDUSTRIAL AND COMMERCIAL PRODUCT ASSETS.EXPLORING STRATEGIC OPTIONS FOR SMALLER CONSUMER BUSINESSES.NEWELL BRANDS - EXECUTION OF STRATEGIC OPTIONS WOULD RESULT IN 50 PERCENT REDUCTION IN GLOBAL FACTORY AND WAREHOUSE FOOTPRINT BY END OF 2019.EXECUTION OF STRATEGIC OPTIONS WOULD RESULT IN 50 PERCENT REDUCTION IN CUSTOMER BASE BY END OF 2019.EXECUTION OF STRATEGIC OPTIONS WOULD RESULT IN CONSOLIDATION OF 80% OF GLOBAL SALES ON TWO ERP PLATFORMS BY 2019-END.SEES CORE SALES GROWTH OF APPROXIMATELY 0.8 PERCENT IN 2017.ABOUT $1.0 BILLION OF OPERATING CASH FLOW GENERATED IN Q4, RESULTING IN FY OPERATING CASH FLOW OF APPROXIMATELY $930 MILLION."VERY DIFFICULT COMMERCIAL OUTCOME IN SECOND HALF OF 2017".OPERATING CASH FLOW IS EXPECTED TO BE $1.15 BILLION TO $1.45 BILLION, EXCLUDING IMPACT OF ANY POTENTIAL DIVESTITURES IN 2018.NEWELL BRANDS - EXPECTS TO ACHIEVE MARKET SHARE GROWTH IN CORE CATEGORIES, GEOGRAPHIES IN 2018.FY2017 EARNINGS PER SHARE VIEW $2.81 -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.94 -- THOMSON REUTERS I/B/E/S.  Full Article

Newell on conf call- Many retailers canceled late September back-to-school orders
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Newell :On conf call- had planned Q3 writing instrument business to experience market growth equal to last year's back-to-school of over 5%.A number of retailers canceled late september back-to-school replenishment orders, will not get most of those orders back in Q4.Revised outlook for writing contemplates continuing challenges, particularly in office superstore channel.Were unable to take immediate pricing action to mitigate impact of elevated resin and logistic costs in aftermath of hurricane harvey.Have now taken pricing actions which should help offset margin pressure from commodity increases.Accounts receivable was adversely affected by Toys "R" Us bankruptcym, expect to recover a significant portion of our exposure.Taking steps to reduce inventories and expect to make progress in Q4 and over the next year.Newell - best for us to bottom out Toys R Us dynamic and understand how our negotiations in writing business will work out before giving 2018 guidance.Newell CEO- baby has been growing unbelievably well, but think in Q4, should consider that it could be flat to down, and that's built into our forecast.Newell CEO- " everybody anticipated a stronger back-to-school and therefore, the whole marketplace have to adjust to the shorter market growth".Newell - expect Q4 baby business to be impacted largely due to to inventory liquidation ahead of whatever restructuring program Toys "R" Us does.  Full Article

Newell Brands Q3 earnings per share $0.48
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Newell Brands Inc :Newell Brands announces third quarter 2017 results.Q3 adjusted earnings per share $0.86.Q3 earnings per share $0.48.Q3 earnings per share view $0.92 -- Thomson Reuters I/B/E/S.‍announces $1 billion share repurchase authorization​.Sees FY 2017 adjusted earnings per share $2.80 to $2.85.Sees FY 2017 sales up 1.5 to 2 percent.Sees FY 2017 sales $14.7 billion to $14.8 billion.Qtrly ‍net sales declined 7.0 percent versus prior year to $3.7 billion​.Newell Brands - ‍under updated repurchase plan, through end of 2020 co is authorized to expend up to $1.0 billion for repurchase of its outstanding shares​.Q3 revenue view $3.71 billion -- Thomson Reuters I/B/E/S.FY 2017 earnings per share view $3.00, revenue view $14.92 billion -- Thomson Reuters I/B/E/S.  Full Article

Newell Brands says to buy fast-growing food storage and candle businesses
Monday, 12 Dec 2016 

Newell Brands Inc : Newell brands to acquire fast-growing food storage and candle businesses . Additionally, company has entered into a definitive agreement to acquire smith mountain industries . Company expects to complete divestitures in first half of 2017 . Smith mountain deal for $100 million . Newell brands inc - both deals are expected to be immediately accretive to normalized earnings . Newell brands inc - deal for nz$660 million . Newell brands inc - both acquisitions will be funded from cash on hand at time of closing. . Deal expected to be immediately accretive to normalized earnings . Newell brands - neither deal expected to draw on u.s.-based net proceeds from planned divestitures which will be used for accelerated debt repaymen .Newell brands to acquire fast-growing food storage and candle businesses.  Full Article

Newell Brands CEO says co plans to begin acquiring brands in core units later in 2017
Friday, 28 Oct 2016 

Newell Brands Inc : Newell Brands CEO - hopeful co finalizes divestitures by end of year or early 2017, so co can begin to acquire brands in core categories later in 2017 Further company coverage: [NWL.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Stanley Black & Decker-Newell deal does not preclude it from doing a deal in another part of biz portfolio - Conf call
Wednesday, 12 Oct 2016 

Stanley Black & Decker Inc : Says the Newell tool biz deal does not preclude it from doing an acquisition in another part of its biz portfolio - Conf call Further company coverage: [SWK.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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U.S. firms warn next China tariffs to cost Americans from cradle to grave

WASHINGTON U.S. businesses have a message for the Trump administration: New tariffs on $200 billion (£156.42 billion) of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to first bicycles and wedding dresses to coffins.