Newell Brands

Newell Brands names ex-Revlon COO Christopher Peterson CFO

Newell Brands NWL, +7.81% said Monday it has appointed Christopher Peterson, most recently COO at Revlon Inc.

https://www.marketwatch.com/story/newell...2018-11-26

Newell Brands Drops Sharply on Sales Miss and Downbeat Outlook

Newell Brands announces mixed fourth-quarter results and issues a downbeat outlook.

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The consumer goods multinational, owner of brands like Rubbermaid, Sharpie and Graco baby products, reported fourth-quarter net income fell to $208.1 million, or 46 cents a share. Analysts were expecting EPS of 41 cents. A year earlier the company earned $1.7 billion, or $3.38 a share, when Newell Brands benefited from a $1.5 billion tax-reform adjustment. Adjusted earnings were 71 cents a share, above forecasts of 67 cents.

Fourth-quarter net sales disappointed, falling 6% to $2.34 billion, missing analysts' consensus of $2.43 billion, according to Refinitiv. This compares $2.5 billion in the same period the prior year. Core sales from continuing operations fell 1.2% from the prior year period, the company said.

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For the full year ended Dec. 31, 2018, net sales fell by 9.6% to $8.6 billion from $9.6 billion in 2017. Core sales fell 5.2%. The company had a net loss for 2018 of $6.9 billion compared with net income of $2.7 billion the prior year.

The company said it had an operating loss in 2018 of $7.8 billion compared with operating income of $386 million in 2017.

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https://www.thestreet.com/investing/stoc...yptr=yahoo

Newell Brands: 1Q Earnings Snapshot

HOBOKEN, N.J. (AP) _ Newell Brands Inc. (NWL) on Friday reported a first-quarter loss of $151.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Hoboken, New Jersey-based company said it had a loss of 36 cents. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The consumer products company posted revenue of $1.71 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.69 billion.

For the current quarter ending in July, Newell Brands expects its per-share earnings to range from 34 cents to 38 cents.

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https://finance.yahoo.com/news/newell-br...20790.html