Newell Rubbermaid and Clorox Under Review: Improving Economy and Hiring to Aid Industry Growth
* Reuters is not responsible for the content in this press release.
Newell Rubbermaid and Clorox Under Review: Improving Economy and Hiring to Aid Industry Growth LONDON, February 25, 2013 /PRNewswire/ -- With the economy of the U.S. showing significant signs of improvement, increased private sector hiring, gains in housing and automobile markets and expansion of domestic energy production and manufacturing are among the macro-trends likely to instill more confidence in the economy, leading to increased demand of domestic consumption. This will benefit the housewares and accessories industry giants such as Newell Rubbermaid Inc. (NYSE : NWL) and The Clorox Company (NYSE : CLX). StockCall has released free charting and technical research on these two aforementioned companies. Register to read these reports at http://www.stockcall.com/report Newell Rubbermaid Inc. announces solid fourth quarter results Newell Rubbermaid Inc. is a global marketer of consumer and commercial products with a strong portfolio of leading brands, including Rubbermaid(R), Sharpie(R), Graco(R), Calphalon(R), and several other leading brands. For the fourth quarter, the company's Net Income was $101.9 million or $0.35 per diluted share on sales of $1.52 billion. For full year 2012, Net Income was $401.3 million or $1.37 per diluted share on sales of $5.90 billion. Sign up for the free report on Newell Rubbermaid Inc. at http://www.StockCall.com/NWL022513.pdf President and Chief Executive Officer Michael Polk said, "Our solid fourth quarter financial results represent the sixth consecutive quarter of consistent delivery in line with or better than expectations. Full year normalized EPS and operating cash flow both came in above the high end of our guidance range. We also returned significant levels of cash to shareholders through our dividend, which nearly doubled in 2012 to the current annualized rate of $0.60, and our ongoing share repurchase program." Sounding optimistic, Polk added, "Looking ahead, we continue to be sharply focused on driving structural costs out and accelerating growth through the execution of our Growth Game Plan. The strategic changes we are making to invest behind our Win Bigger businesses will drive accelerated performance and enable us to build a bigger, faster-growing, more global and more profitable Newell Rubbermaid." For 2013, the company provided guidance for earning per share (EPS) growth of 5% to 8% in the range of $1.78 to $1.84 on Net Sales growth of 1% to 3%. The Clorox Company reports strong second quarter results The Clorox Company is a leading manufacturer and marketer of consumer and professional products with a portfolio of some of the most trusted brands such as HealthLink(R), Aplicare(R), Green Works(R), Burt's Bees(R) and many other leading brands. For second quarter, the company reported earnings of $123 million or $0.93 per diluted share on Net Sales of $1.32 billion, thereby representing 18% earnings growth and 9% sales growth over second quarter of 2011. Volumes registered a 5% growth rate. The company announced a quarterly dividend of $0.64 per common share. The Clorox Company free technical report can be accessed by signing up at http://www.StockCall.com/CLX022513.pdf Chairman and CEO Don Knauss said, "We had strong year-over-year sales growth, as well as another quarter of gross margin expansion, which is a testament to our focus on delivering profitable growth. Based on our 5 percent sales growth and 10 percent EPS growth in the first half of the fiscal year, we feel more optimistic about our full-year outlook." For fiscal 2013, the company provided guidance for EPS in the range of $4.25 to $4.35 on 3-5% sales growth. About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com StockCall.com CONTACT: William T. Knight, Email: email@example.com, Contact Number: +1(646)-396-9857 (9:00 am EST - 01:30 pm EST)
- Malaysian plane presumed crashed; questions over false IDs |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Malaysian plane crashed off Vietnam coast: state media