Newell Rubbermaid Provides Historical Segment Information Reflecting New Reporting Structure

Tue Nov 27, 2012 4:00pm EST

* Reuters is not responsible for the content in this press release.

Newell Rubbermaid Provides Historical Segment Information Reflecting New Reporting Structure

Newell Rubbermaid (NYSE: NWL) today released historical segment financial data to reflect the realignment of its business. Effective October 2012, the company committed to an expansion of Project Renewal, designed to further simplify and align the business around two key activities – Brand & Category Development and Market Execution & Delivery. As part of the expanded program, the company's Consumer and Professional groups were eliminated and the company's nine global business units were streamlined into six business segments. The six business segments and the brands included in each of the six business segments are as follows:

  • Tools: Irwin® and Lenox® tools and Dymo® industrial
  • Commercial Products: Rubbermaid Commercial Products® and Rubbermaid® Healthcare
  • Writing: Sharpie®, Paper Mate®, Expo®, Prismacolor®, Parker® and Waterman®
  • Baby & Parenting: Graco®, Aprica® and Teutonia®
  • Home Solutions: Rubbermaid®, Calphalon®, Levolor®, Kirsch® and Goody®
  • Specialty: Bulldog®, Ashland®, Shur-Line®, Dymo® office, Endicia® and Mimio®

The historical segment financial data and segment core sales data are attached and can also be found in the Quarterly Earnings section of the company’s investor relations Web site at www.newellrubbermaid.com. While investors are being provided historical segment financial information reflecting the prospective changes in business segments, the company has in no way revised or restated its historical financial statements for any period.

Non-GAAP Financial Measures

This release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Included in this release is a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

The company uses certain financial measures that are included in this press release and the additional financial information both in explaining its results to stockholders and the investment community and in its internal evaluation and management of its businesses. The company’s management believes that these measures — including those that are “non-GAAP financial measures” — and the information they provide are useful to investors since these measures (a) permit investors to view the company’s performance using the same tools that company management uses to evaluate the company’s past performance, business segments and prospects for future performance and (b) determine certain elements of management’s incentive compensation.

The company’s management believes that core sales, as reflected in the Currency Analysis, is useful to investors because it demonstrates the effect of foreign currency translation on reported sales. The effect of foreign currency translation on reported sales is determined by applying the current year and prior year monthly exchange rates to the local currency sales amounts in the current year period, with the difference in these two amounts being the currency impact from last year to this year and the residual representing changes attributable to core sales. The company’s management believes that “Normalized” operating income is useful because it provides investors with a meaningful perspective on the current underlying performance of the company’s core ongoing operations. The company uses both core sales and normalized results as two of the three performance criteria in its management cash bonus plan.

While the company believes that these non-GAAP financial measures are useful in evaluating the company’s performance, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2011 sales of approximately $5.9 billion and a strong portfolio of leading brands, including Rubbermaid®, Sharpie®, Graco®, Calphalon®, Irwin®, Lenox®, Levolor®, Paper Mate®, Dymo®, Waterman®, Parker®, Goody®, Rubbermaid Commercial Products® and Aprica®.

This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.

NWL-EA

Newell Rubbermaid Inc.  
Financial Worksheet- Segment Reporting
(In Millions)
                                                                             
2012   2011  
Reconciliation (1) Reconciliation (1) Year-over-year changes
Reported Excluded Normalized Operating Reported Excluded Normalized Operating Net Sales Normalized OI
Net Sales OI Items OI Margin Net Sales OI Items OI Margin   $   %     $   %  
Q1:
Home Solutions $ 349.5 $ 35.5 $ - $ 35.5 10.2 % $ 383.9 $ 49.2 $ - $ 49.2 12.8 % $ (34.4 ) (9.0 )% $ (13.7 ) (27.8 )%
Writing 290.1 40.0 - 40.0 13.8 % 272.5 41.6 - 41.6 15.3 % 17.6 6.5 % (1.6 ) (3.8 )%
Tools 190.6 28.7 - 28.7 15.1 % 168.4 23.6 - 23.6 14.0 % 22.2 13.2 % 5.1 21.6 %
Commercial Products 175.4 18.6 - 18.6 10.6 % 166.5 20.8 - 20.8 12.5 % 8.9 5.3 % (2.2 ) (10.6 )%
Baby & Parenting 182.2 22.4 - 22.4 12.3 % 150.3 7.4 - 7.4 4.9 % 31.9 21.2 % 15.0 202.7 %
Specialty 144.6 23.4 - 23.4 16.2 % 132.6 15.7 - 15.7 11.8 % 12.0 9.0 % 7.7 49.0 %
Restructuring Costs - (12.7 ) 12.7 - - (5.8 ) 5.8 - - -
Corporate   -   (31.7 )   10.0   (21.7 )   -   (24.5 )   5.3   (19.2 )   -     (2.5 ) (13.0 )%
Total $ 1,332.4 $ 124.2   $ 22.7 $ 146.9   11.0 % $ 1,274.2 $ 128.0   $ 11.1 $ 139.1   10.9 % $ 58.2   4.6 % $ 7.8   5.6 %
 
 
 
 
2012   2011  
Reconciliation (1) Reconciliation (1) Year-over-year changes
Reported Excluded Normalized Operating Reported Excluded Normalized Operating Net Sales Normalized OI
Net Sales OI Items OI Margin Net Sales OI Items OI Margin   $   %     $   %  
Q2:
Home Solutions $ 414.0 $ 47.6 $ - $ 47.6 11.5 % $ 426.1 $ 51.6 $ - $ 51.6 12.1 % $ (12.1 ) (2.8 )% $ (4.0 ) (7.8 )%
Writing 394.4 98.0 - 98.0 24.8 % 407.7 91.9 - 91.9 22.5 % (13.3 ) (3.3 )% 6.1 6.6 %
Tools 202.4 30.5 - 30.5 15.1 % 200.2 30.6 - 30.6 15.3 % 2.2 1.1 % (0.1 ) (0.3 )%
Commercial Products 190.1 21.1 - 21.1 11.1 % 194.7 30.1 - 30.1 15.5 % (4.6 ) (2.4 )% (9.0 ) (29.9 )%
Baby & Parenting 182.4 19.2 - 19.2 10.5 % 175.2 13.0 - 13.0 7.4 % 7.2 4.1 % 6.2 47.7 %
Specialty 132.9 12.0 - 12.0 9.0 % 141.4 8.9 - 8.9 6.3 % (8.5 ) (6.0 )% 3.1 34.8 %
Restructuring Costs - (11.1 ) 11.1 - - (1.0 ) 1.0 - - -
Corporate   -   (31.8 )   10.5   (21.3 )   -   (29.2 )   9.0   (20.2 )   -     (1.1 ) (5.4 )%
Total $ 1,516.2 $ 185.5   $ 21.6 $ 207.1   13.7 % $ 1,545.3 $ 195.9   $ 10.0 $ 205.9   13.3 % $ (29.1 ) (1.9 )% $ 1.2   0.6 %
 
 
 
 
2012   2011  
Reconciliation (1) Reconciliation (1,2) Year-over-year changes
Reported Excluded Normalized Operating Reported Excluded Normalized Operating Net Sales Normalized OI
Net Sales OI Items OI Margin Net Sales OI     Items OI Margin   $   %     $   %  
Q3:
Home Solutions $ 427.4 $ 69.6 $ 2.0 $ 71.6 16.8 % $ 450.6 70.9 $ - $ 70.9 15.7 % $ (23.2 ) (5.1 )% $ 0.7 1.0 %
Writing 387.2 68.3 1.2 69.5 17.9 % 381.5 57.9 - 57.9 15.2 % 5.7 1.5 % 11.6 20.0 %
Tools 203.6 26.8 - 26.8 13.2 % 208.7 34.6 - 34.6 16.6 % (5.1 ) (2.4 )% (7.8 ) (22.5 )%
Commercial Products 205.6 31.2 - 31.2 15.2 % 193.3 29.6 - 29.6 15.3 % 12.3 6.4 % 1.6 5.4 %
Baby & Parenting 185.3 18.3 - 18.3 9.9 % 176.2 17.7 - 17.7 10.0 % 9.1 5.2 % 0.6 3.4 %
Specialty 126.2 12.6 - 12.6 10.0 % 139.6 20.3 - 20.3 14.5 % (13.4 ) (9.6 )% (7.7 ) (37.9 )%
Impairment Charges - - - - - (382.6 ) 382.6 - - -
Restructuring Costs - (13.7 ) 13.7 - - (5.5 ) 5.5 - - -
Corporate   -   (24.7 )   5.4   (19.3 )   -   (35.1 )   15.9   (19.2 )   -     (0.1 ) 0.5 %
Total $ 1,535.3 $ 188.4   $ 22.3 $ 210.7   13.7 % $ 1,549.9 $ (192.2 ) $ 404.0 $ 211.8   13.7 % $ (14.6 ) (0.9 )% $ (1.1 ) (0.5 )%
 
 
 
 
 
2012   2011  
Reconciliation (1) Reconciliation (1,2) Year-over-year changes
Reported Excluded Normalized Operating Reported Excluded Normalized Operating Net Sales Normalized OI
Net Sales OI Items OI Margin Net Sales OI Items OI Margin   $   %     $   %  
YTD:
Home Solutions $ 1,190.9 $ 152.7 $ 2.0 $ 154.7 13.0 % $ 1,260.6 $ 171.7 $ - $ 171.7 13.6 % $ (69.7 ) (5.5 )% $ (17.0 ) (9.9 )%
Writing 1,071.7 206.3 1.2 207.5 19.4 % 1,061.7 191.4 - 191.4 18.0 % 10.0 0.9 % 16.1 8.4 %
Tools 596.6 86.0 - 86.0 14.4 % 577.3 88.8 - 88.8 15.4 % 19.3 3.3 % (2.8 ) (3.2 )%
Commercial Products 571.1 70.9 - 70.9 12.4 % 554.5 80.5 - 80.5 14.5 % 16.6 3.0 % (9.6 ) (11.9 )%
Baby & Parenting 549.9 59.9 - 59.9 10.9 % 501.7 38.1 - 38.1 7.6 % 48.2 9.6 % 21.8 57.2 %
Specialty 403.7 48.0 - 48.0 11.9 % 413.6 44.9 - 44.9 10.9 % (9.9 ) (2.4 )% 3.1 6.9 %
Impairment Charges - - - - - (382.6 ) 382.6 - - -
Restructuring Costs - (37.5 ) 37.5 - - (12.3 ) 12.3 - - -
Corporate   -   (88.2 )   25.9   (62.3 )   -   (88.8 )   30.2   (58.6 )   -     (3.7 ) 6.3 %
Total $ 4,383.9 $ 498.1   $ 66.6 $ 564.7   12.9 % $ 4,369.4 $ 131.7   $ 425.1 $ 556.8   12.7 % $ 14.5   0.3 % $ 7.9   1.4 %
 
 
(1) Excluded items consist of restructuring-related and restructuring costs. Restructuring-related and restructuring costs of $29.1 million and $37.5 million, respectively, incurred during the 2012 periods relate to the European Transformation Plan and Project Renewal. For 2011, restructuring-related and restructuring costs of $25.8 million and $12.3 million, respectively, relate to the European Transformation Plan. Additionally, excluded items for the three and nine months ended September 30, 2011 include $4.4 million of incremental SG&A costs resulting from the Company's CEO transition during 2011.
 
 
(2) Normalized operating income for the three and nine months ended September 30, 2011 exclude impairment charges of $382.6 million relating primarily to the impairment of goodwill for the Baby & Parenting and Hardware businesses.
 
 
Newell Rubbermaid Inc.
Financial Worksheet- Segment Reporting
(In Millions)
                                                                   
 
 
 
2011   2010  
Reconciliation (1) Reconciliation (1) Year-over-year changes
Reported Excluded Normalized Operating Reported Excluded Normalized Operating Net Sales Normalized OI
Net Sales OI Items OI Margin Net Sales OI Items OI Margin   $   %     $   %  
Q1:
Home Solutions $ 383.9 $ 49.2 $ - $ 49.2 12.8 % $ 386.6 $ 58.7 $ - $ 58.7 15.2 % $ (2.7 ) (0.7 )% $ (9.5 ) (16.2 )%
Writing 272.5 41.6 - 41.6 15.3 % 264.3 28.3 - 28.3 10.7 % 8.2 3.1 % 13.3 47.0 %
Tools 168.4 23.6 - 23.6 14.0 % 148.4 15.8 - 15.8 10.6 % 20.0 13.5 % 7.8 49.4 %
Commercial Products 166.5 20.8 - 20.8 12.5 % 174.8 31.1 - 31.1 17.8 % (8.3 ) (4.7 )% (10.3 ) (33.1 )%
Baby & Parenting 150.3 7.4 - 7.4 4.9 % 170.2 10.1 - 10.1 5.9 % (19.9 ) (11.7 )% (2.7 ) (26.7 )%
Specialty 132.6 15.7 - 15.7 11.8 % 135.1 21.9 - 21.9 16.2 % (2.5 ) (1.9 )% (6.2 ) (28.3 )%
Restructuring Costs - (5.8 ) 5.8 - - (16.0 ) 16.0 - - -
Corporate   -   (24.5 )   5.3   (19.2 )   -   (21.6 )   -   (21.6 )   -     2.4   11.1 %
Total $ 1,274.2 $ 128.0   $ 11.1 $ 139.1   10.9 % $ 1,279.4 $ 128.3   $ 16.0 $ 144.3   11.3 % $ (5.2 ) (0.4 )% $ (5.2 ) (3.6 )%
 
 
 
 
2011   2010  
Reconciliation (1) Reconciliation (1) Year-over-year changes
Reported Excluded Normalized Operating Reported Excluded Normalized Operating Net Sales Normalized OI
Net Sales OI Items OI Margin Net Sales OI Items OI Margin   $   %     $   %  
Q2:
Home Solutions $ 426.1 $ 51.6 $ - $ 51.6 12.1 % $ 402.2 $ 55.0 $ - $ 55.0 13.7 % $ 23.9 5.9 % $ (3.4 ) (6.2 )%
Writing 407.7 91.9 - 91.9 22.5 % 398.5 89.6 - 89.6 22.5 % 9.2 2.3 % 2.3 2.6 %
Tools 200.2 30.6 - 30.6 15.3 % 176.3 27.6 - 27.6 15.7 % 23.9 13.6 % 3.0 10.9 %
Commercial Products 194.7 30.1 - 30.1 15.5 % 164.6 35.5 - 35.5 21.6 % 30.1 18.3 % (5.4 ) (15.2 )%
Baby & Parenting 175.2 13.0 - 13.0 7.4 % 189.8 20.6 - 20.6 10.9 % (14.6 ) (7.7 )% (7.6 ) (36.9 )%
Specialty 141.4 8.9 - 8.9 6.3 % 140.4 15.5 - 15.5 11.0 % 1.0 0.7 % (6.6 ) (42.6 )%
Restructuring Costs - (1.0 ) 1.0 - - (21.1 ) 21.1 - - -
Corporate   -   (29.2 )   9.0   (20.2 )   -   (20.4 )   1.6   (18.8 )   -     (1.4 ) (7.4 )%
Total $ 1,545.3 $ 195.9   $ 10.0 $ 205.9   13.3 % $ 1,471.8 $ 202.3   $ 22.7 $ 225.0   15.3 % $ 73.5   5.0 % $ (19.1 ) (8.5 )%
 
 
 
 
2011   2010  
Reconciliation (1,2) Reconciliation (1) Year-over-year changes
Reported Excluded Normalized Operating Reported Excluded Normalized Operating Net Sales Normalized OI
Net Sales OI Items OI Margin Net Sales OI Items OI Margin   $   %     $   %  
Q3:
Home Solutions $ 450.6 70.9 $ - $ 70.9 15.7 % $ 437.3 64.2 $ - $ 64.2 14.7 % $ 13.3 3.0 % $ 6.7 10.4 %
Writing 381.5 57.9 - 57.9 15.2 % 367.4 61.7 - 61.7 16.8 % 14.1 3.8 % (3.8 ) (6.2 )%
Tools 208.7 34.6 - 34.6 16.6 % 179.7 29.1 - 29.1 16.2 % 29.0 16.1 % 5.5 18.9 %
Commercial Products 193.3 29.6 - 29.6 15.3 % 175.3 34.3 - 34.3 19.6 % 18.0 10.3 % (4.7 ) (13.7 )%
Baby & Parenting 176.2 17.7 - 17.7 10.0 % 171.4 11.9 - 11.9 6.9 % 4.8 2.8 % 5.8 48.7 %
Specialty 139.6 20.3 - 20.3 14.5 % 134.4 16.4 - 16.4 12.2 % 5.2 3.9 % 3.9 23.8 %
Impairment Charges - (382.6 ) 382.6 - - - - - - -
Restructuring Costs - (5.5 ) 5.5 - - (16.2 ) 16.2 - - -
Corporate   -   (35.1 )   15.9   (19.2 )   -   (26.8 )   6.9   (19.9 )   -     0.7   3.5 %
Total $ 1,549.9 $ (192.2 ) $ 404.0 $ 211.8   13.7 % $ 1,465.5 $ 174.6   $ 23.1 $ 197.7   13.5 % $ 84.4   5.8 % $ 14.1   7.1 %
 
 
 
 
2011   2010  
Reconciliation (1) Reconciliation (1) Year-over-year changes
Reported Excluded Normalized Operating Reported Excluded Normalized Operating Net Sales Normalized OI
Net Sales OI Items OI Margin Net Sales OI Items OI Margin   $   %     $   %  
Q4:
Home Solutions $ 449.6 $ 57.2 $ - $ 57.2 12.7 % $ 451.9 $ 50.4 $ - $ 50.4 11.2 % $ (2.3 ) (0.5 )% $ 6.8 13.5 %
Writing 337.6 55.5 - 55.5 16.4 % 325.6 42.8 - 42.8 13.1 % 12.0 3.7 % 12.7 29.7 %
Tools 202.3 30.3 - 30.3 15.0 % 183.2 20.5 - 20.5 11.2 % 19.1 10.4 % 9.8 47.8 %
Commercial Products 187.0 27.8 - 27.8 14.9 % 168.4 33.3 - 33.3 19.8 % 18.6 11.0 % (5.5 ) (16.5 )%
Baby & Parenting 178.7 13.5 - 13.5 7.6 % 168.8 10.8 - 10.8 6.4 % 9.9 5.9 % 2.7 25.0 %
Specialty 140.0 15.3 - 15.3 10.9 % 143.6 12.7 - 12.7 8.8 % (3.6 ) (2.5 )% 2.6 20.5 %
Restructuring Costs - (37.8 ) 37.8 - - (24.1 ) 24.1 - - -
Corporate   -   (36.3 )   13.5   (22.8 )   -   (28.1 )   6.7   (21.4 )   -     (1.4 ) (6.5 )%
Total $ 1,495.2 $ 125.5   $ 51.3 $ 176.8   11.8 % $ 1,441.5 $ 118.3   $ 30.8 $ 149.1   10.3 % $ 53.7   3.7 % $ 27.7   18.6 %
 
 
 
 
 
2011   2010  
Reconciliation (1,2) Reconciliation (1) Year-over-year changes
Reported Excluded Normalized Operating Reported Excluded Normalized Operating Net Sales Normalized OI
Net Sales OI Items OI Margin Net Sales OI Items OI Margin   $   %     $   %  
YE:
Home Solutions $ 1,710.2 $ 228.9 $ - $ 228.9 13.4 % $ 1,678.0 $ 228.3 $ - $ 228.3 13.6 % $ 32.2 1.9 % $ 0.6 0.3 %
Writing 1,399.3 246.9 - 246.9 17.6 % 1,355.8 222.4 - 222.4 16.4 % 43.5 3.2 % 24.5 11.0 %
Tools 779.6 119.1 - 119.1 15.3 % 687.6 93.0 - 93.0 13.5 % 92.0 13.4 % 26.1 28.1 %
Commercial Products 741.5 108.3 - 108.3 14.6 % 683.1 134.2 - 134.2 19.6 % 58.4 8.5 % (25.9 ) (19.3 )%
Baby & Parenting 680.4 51.6 - 51.6 7.6 % 700.2 53.4 - 53.4 7.6 % (19.8 ) (2.8 )% (1.8 ) (3.4 )%
Specialty 553.6 60.2 - 60.2 10.9 % 553.5 66.5 - 66.5 12.0 % 0.1 0.0 % (6.3 ) (9.5 )%
Impairment Charges - (382.6 ) 382.6 - - - - - - -
Restructuring Costs - (50.1 ) 50.1 - - (77.4 ) 77.4 - - -
Corporate   -   (125.1 )   43.7   (81.4 )   -   (96.9 )   15.2   (81.7 )   -     0.3   0.4 %
Total $ 5,864.6 $ 257.2   $ 476.4 $ 733.6   12.5 % $ 5,658.2 $ 623.5   $ 92.6 $ 716.1   12.7 % $ 206.4   3.6 % $ 17.5   2.4 %
 
(1) Excluded items consist of restructuring-related and restructuring costs. For 2011, restructuring-related and restructuring costs of $37.4 million and $50.1 million, respectively, relate to the European Transformation Plan and Project Renewal. Additionally, Normalized OI for the three months ended September 30, 2011 and December 31, 2011 and the year ended December 31, 2011 excludes incremental SG&A costs resulting from the Company’s CEO transition during 2011, which totaled $6.3 million. For 2010, restructuring-related costs of $15.2 million relate to the European Transformation Plan, and restructuring costs of $77.4 million relate to Project Acceleration.
 
 
(2) Normalized operating income for the three months ended September 30, 2011 and the year ended December 31, 2011 exclude impairment charges of $382.6 million relating primarily to the impairment of goodwill for the Baby & Parenting and Hardware businesses.
 
 
Newell Rubbermaid Inc.
Currency Analysis by Segment
(In Millions)
             
 
Q1 2012 Q1 2011 Year-Over-Year (Decrease) Increase
Sales as Currency Core Sales as Excluding Including Currency
Reported Impact Sales (1) Reported Currency Currency Impact
 
Home Solutions $ 349.5 $ 1.0 $ 350.5 $ 383.9 (8.7 )% (9.0 )% (0.3 )%
Writing 290.1 2.6 292.7 272.5 7.4 % 6.5 % (0.9 )%
Tools 190.6 1.7 192.3 168.4 14.2 % 13.2 % (1.0 )%
Commercial Products 175.4 1.0 176.4 166.5 5.9 % 5.3 % (0.6 )%
Baby & Parenting 182.2 0.2 182.4 150.3 21.4 % 21.2 % (0.2 )%
Specialty 144.6 1.3 145.9 132.6 10.0 % 9.0 % (1.0 )%
       
Total Company $ 1,332.4 $ 7.8 $ 1,340.2 $ 1,274.2 5.2 % 4.6 % (0.6 )%
 
 
Q2 2012 Q2 2011 Year-Over-Year (Decrease) Increase  
Sales as Currency Core Sales as Excluding Including Currency
Reported Impact Sales (1) Reported Currency Currency Impact
 
Home Solutions $ 414.0 $ 2.7 $ 416.7 $ 426.1 (2.2 )% (2.8 )% (0.6 )%
Writing 394.4 12.1 406.5 407.7 (0.3 )% (3.3 )% (3.0 )%
Tools 202.4 10.2 212.6 200.2 6.2 % 1.1 % (5.1 )%
Commercial Products 190.1 3.1 193.2 194.7 (0.8 )% (2.4 )% (1.6 )%
Baby & Parenting 182.4 3.1 185.5 175.2 5.9 % 4.1 % (1.8 )%
Specialty 132.9 3.7 136.6 141.4 (3.4 )% (6.0 )% (2.6 )%
       
Total Company $ 1,516.2 $ 34.9 $ 1,551.1 $ 1,545.3 0.4 % (1.9 )% (2.3 )%
 
 
Q3 2012 Q3 2011 Year-Over-Year (Decrease) Increase  
Sales as Currency Core Sales as Excluding Including Currency
Reported Impact Sales (1) Reported Currency Currency Impact
 
Home Solutions $ 427.4 $ 2.7 $ 430.1 $ 450.6 (4.5 )% (5.1 )% (0.6 )%
Writing 387.2 11.5 398.7 381.5 4.5 % 1.5 % (3.0 )%
Tools 203.6 11.4 215.0 208.7 3.0 % (2.4 )% (5.4 )%
Commercial Products 205.6 3.7 209.3 193.3 8.3 % 6.4 % (1.9 )%
Baby & Parenting 185.3 4.7 190.0 176.2 7.8 % 5.2 % (2.6 )%
Specialty 126.2 4.5 130.7 139.6 (6.4 )% (9.6 )% (3.2 )%
       
Total Company $ 1,535.3 $ 38.5 $ 1,573.8 $ 1,549.9 1.5 % (0.9 )% (2.4 )%
 
 
YTD Q3 2012 YTD Q3 2011 Year-Over-Year (Decrease) Increase  
Sales as Currency Core Sales as Excluding Including Currency
Reported Impact Sales (1) Reported Currency Currency Impact
 
Home Solutions $ 1,190.9 $ 6.4 $ 1,197.3 $ 1,260.6 (5.0 )% (5.5 )% (0.5 )%
Writing 1,071.7 26.2 1,097.9 1,061.7 3.4 % 0.9 % (2.5 )%
Tools 596.6 23.3 619.9 577.3 7.4 % 3.3 % (4.1 )%
Commercial Products 571.1 7.8 578.9 554.5 4.4 % 3.0 % (1.4 )%
Baby & Parenting 549.9 8.0 557.9 501.7 11.2 % 9.6 % (1.6 )%
Specialty 403.7 9.5 413.2 413.6 (0.1 )% (2.4 )% (2.3 )%
       
Total Company $ 4,383.9 $ 81.2 $ 4,465.1 $ 4,369.4 2.2 % 0.3 % (1.9 )%
 
 
(1)- "Core Sales" is determined by applying the prior year monthly exchange rates to the current year local currency monthly sales amounts, with the difference in the current year reported sales and Core Sales representing changes attributable to foreign currency translation, reported in the table as "Currency Impact".
Newell Rubbermaid Inc.
Currency Analysis by Segment
(In Millions)
             
 
Q1 2011 Q1 2010 Year-Over-Year (Decrease) Increase
Sales as Currency Core Sales as Excluding Including Currency
Reported Impact Sales (1) Reported Currency Currency Impact
 
Home Solutions $ 383.9 $ (3.2 ) $ 380.7 $ 386.6 (1.5 )% (0.7 )% 0.8 %
Writing 272.5 (6.2 ) 266.3 264.3 0.8 % 3.1 % 2.3 %
Tools 168.4 (4.0 ) 164.4 148.4 10.8 % 13.5 % 2.7 %
Commercial Products 166.5 (1.3 ) 165.2 174.8 (5.5 )% (4.7 )% 0.8 %
Baby & Parenting 150.3 (2.5 ) 147.8 170.2 (13.2 )% (11.7 )% 1.5 %
Specialty 132.6 (1.3 ) 131.3 135.1 (2.8 )% (1.9 )% 0.9 %
       
Total Company $ 1,274.2 $ (18.5 ) $ 1,255.7 $ 1,279.4 (1.9 )% (0.4 )% 1.5 %
 
 
Q2 2011 Q2 2010 Year-Over-Year Increase (Decrease)
Sales as Currency Core Sales as Excluding Including Currency
Reported Impact Sales (1) Reported Currency Currency Impact
 
Home Solutions $ 426.1 $ (4.1 ) $ 422.0 $ 402.2 4.9 % 5.9 % 1.0 %
Writing 407.7 (17.2 ) 390.5 398.5 (2.0 )% 2.3 % 4.3 %
Tools 200.2 (9.8 ) 190.4 176.3 8.0 % 13.6 % 5.6 %
Commercial Products 194.7 (3.7 ) 191.0 164.6 16.0 % 18.3 % 2.3 %
Baby & Parenting 175.2 (7.7 ) 167.5 189.8 (11.7 )% (7.7 )% 4.0 %
Specialty 141.4 (5.7 ) 135.7 140.4 (3.3 )% 0.7 % 4.0 %
       
Total Company $ 1,545.3 $ (48.2 ) $ 1,497.1 $ 1,471.8 1.7 % 5.0 % 3.3 %
 
 
Q3 2011 Q3 2010 Year-Over-Year Increase (Decrease)
Sales as Currency Core Sales as Excluding Including Currency
Reported Impact Sales (1) Reported Currency Currency Impact
 
Home Solutions $ 450.6 $ (4.6 ) $ 446.0 $ 437.3 2.0 % 3.0 % 1.0 %
Writing 381.5 (10.4 ) 371.1 367.4 1.0 % 3.8 % 2.8 %
Tools 208.7 (8.2 ) 200.5 179.7 11.6 % 16.1 % 4.5 %
Commercial Products 193.3 (3.0 ) 190.3 175.3 8.6 % 10.3 % 1.7 %
Baby & Parenting 176.2 (6.3 ) 169.9 171.4 (0.9 )% 2.8 % 3.7 %
Specialty 139.6 (4.6 ) 135.0 134.4 0.4 % 3.9 % 3.5 %
       
Total Company $ 1,549.9 $ (37.1 ) $ 1,512.8 $ 1,465.5 3.3 % 5.8 % 2.5 %
 
 
Q4 2011 Q4 2010 Year-Over-Year (Decrease) Increase
Sales as Currency Core Sales as Excluding Including Currency
Reported Impact Sales (1) Reported Currency Currency Impact
 
Home Solutions $ 449.6 $ 0.3 $ 449.9 $ 451.9 (0.4 )% (0.5 )% (0.1 )%
Writing 337.6 0.5 338.1 325.6 3.8 % 3.7 % (0.1 )%
Tools 202.3 0.9 203.2 183.2 10.9 % 10.4 % (0.5 )%
Commercial Products 187.0 0.3 187.3 168.4 11.2 % 11.0 % (0.2 )%
Baby & Parenting 178.7 (2.3 ) 176.4 168.8 4.5 % 5.9 % 1.4 %
Specialty 140.0 (0.3 ) 139.7 143.6 (2.7 )% (2.5 )% 0.2 %
       
Total Company $ 1,495.2 $ (0.6 ) $ 1,494.6 $ 1,441.5 3.7 % 3.7 % 0.0 %
 
 
YTD Q4 2011 YTD Q4 2010 Year-Over-Year Increase (Decrease)
Sales as Currency Core Sales as Excluding Including Currency
Reported Impact Sales (1) Reported Currency Currency Impact
 
Home Solutions $ 1,710.2 $ (11.6 ) $ 1,698.6 $ 1,678.0 1.2 % 1.9 % 0.7 %
Writing 1,399.3 (33.3 ) 1,366.0 1,355.8 0.8 % 3.2 % 2.4 %
Tools 779.6 (21.1 ) 758.5 687.6 10.3 % 13.4 % 3.1 %
Commercial Products 741.5 (7.7 ) 733.8 683.1 7.4 % 8.5 % 1.1 %
Baby & Parenting 680.4 (18.8 ) 661.6 700.2 (5.5 )% (2.8 )% 2.7 %
Specialty 553.6 (11.9 ) 541.7 553.5 (2.1 )% 0.0 % 2.1 %
       
Total Company $ 5,864.6 $ (104.4 ) $ 5,760.2 $ 5,658.2 1.8 % 3.6 % 1.8 %
 
 
(1)- "Core Sales" is determined by applying the prior year monthly exchange rates to the current year local currency monthly sales amounts, with the difference in the current year reported sales and Core Sales representing changes attributable to foreign currency translation, reported in the table as "Currency Impact".

Newell Rubbermaid Inc.
Nancy O’Donnell, +1 (770) 418-7723
Vice President, Investor Relations
or
David Doolittle, +1 (770) 418-7519
Vice President, Corporate Communications

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