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Newell Brands Inc (NWL)

NWL on New York Consolidated

30.68USD
14 Dec 2017
Change (% chg)

$-0.72 (-2.29%)
Prev Close
$31.40
Open
$31.40
Day's High
$31.50
Day's Low
$30.39
Volume
1,965,789
Avg. Vol
6,474,452
52-wk High
$55.08
52-wk Low
$27.45

Latest Key Developments (Source: Significant Developments)

Newell on conf call- Many retailers canceled late September back-to-school orders
Thursday, 2 Nov 2017 10:42am EDT 

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 06:30am EDT 

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 to resume stock repurchase program
Tuesday, 26 Sep 2017 07:30am EDT 

Sept 26 (Reuters) - Newell Brands Inc :Newell Brands to resume stock repurchase program.Newell Brands Inc - is ahead of original schedule to deleverage co and is on track to achieve its leverage ratio target of 3.0 to 3.5 times in 2018​.Newell Brands Inc - ‍under current authorization, effective through end of 2017, anout $256 million is available for repurchase of company's common shares​.  Full Article

Newell Brands to acquire Chesapeake Bay Candle
Thursday, 7 Sep 2017 08:30am EDT 

Sept 7 (Reuters) - Newell Brands Inc ::Newell Brands to acquire Chesapeake Bay Candle.Newell Brands Inc - deal for ‍$75 million​.Newell Brands Inc - ‍acquisition will be reported as part of Newell Brands' live segment​.Newell Brands Inc - ‍ transaction and will be funded from cash on hand at time of closing​.  Full Article

Newell Brands revises 2017 earnings guidance
Wednesday, 6 Sep 2017 06:30am EDT 

Sept 6 (Reuters) - Newell Brands Inc :Newell Brands revises 2017 earnings guidance.Newell Brands Inc - expects hurricane-related inflation to impact U.S. manufactured resin-based businesses.Says its outlook for 2017 net sales and core sales remains unchanged.Newell Brands Inc - company has revised its normalized EPS guidance to $2.95 to $3.05 from $3.00 to $3.20 for 2017.Newell Brands - since Hurricane Harvey's landfall, nearly all of Newell Brands' resin suppliers with facilities in Texas and Louisiana have declared force majeure.Newell Brands Inc sees full year 2017 net sales $14.8 billion to $15.0 billion.FY2017 earnings per share view $3.12, revenue view $14.94 billion -- Thomson Reuters I/B/E/S.Newell Brands Inc - many of co's facilities in Texas and Louisiana are shut down for more than a week and some still not operating.  Full Article

Newell Brands sets qtrly cash dividend of $0.23/shr
Wednesday, 9 Aug 2017 04:15pm EDT 

Aug 9 (Reuters) - Newell Brands Inc ::Sets quarterly cash dividend of $0.23 per share.  Full Article

Newell Brands Inc Q2 Normalized EPS $0.87
Friday, 4 Aug 2017 06:30am EDT 

Aug 4 (Reuters) - Newell Brands Inc :Q2 reported EPS $0.46; Q2 normalized EPS $0.87; Q2 net sales $4.05 billion versus $3.86 billion; Q2 core sales growth of 2.5 percent.Q2 earnings per share view $0.87, revenue view $3.95 billion -- Thomson Reuters I/B/E/S.Sees FY 2017 core sales growth of 2.5 percent to 4.0 percent.Sees FY 2017 net sales $14.8 billion to $15.0 billion; Sees FY 2017 normalized earnings per share $3.00 to $3.20.Expect core sales growth to strengthen in the second half of the year.FY 2017 earnings per share view $3.12, revenue view $14.80 billion -- Thomson Reuters I/B/E/S.  Full Article

Newell brands says Jarden Corp, 3 of dissenting stockholders enters into settlement agreement
Thursday, 6 Jul 2017 09:35am EDT 

July 6 (Reuters) - Newell Brands Inc ::Newell Brands - on July 5, 2017, Jarden Corp, 3 of dissenting stockholders entered into settlement agreement - sec filing.Newell Brands - co will issue 4.5 million shares of common stock to merion petitioners, authorize payment to merion petitioners of about $108.5 million.Newell Brands - Merion Petitioners will have right to receive, and will receive, original merger consideration provided for under merger agreement.Newell Brands Inc - court of chancery of state of delaware has dismissed with prejudice merion petitioners' claims for appraisal.  Full Article

Newell Brands to reaffirm fiscal year 2017 outlook
Wednesday, 14 Jun 2017 08:00am EDT 

June 14 (Reuters) - Newell Brands Inc :Newell Brands to reaffirm fiscal year 2017 outlook at Deutsche Bank global consumer conference.FY2017 earnings per share view $3.11, revenue view $14.75 billion -- Thomson Reuters I/B/E/S.  Full Article

Newell Brands to sell winter sports business
Friday, 26 May 2017 08:30am EDT 

May 26 (Reuters) - Newell Brands Inc ::Newell Brands announces agreement to sell winter sports business.Newell Brands announces agreement to sell winter sports business.Newell Brands Inc - ‍gross proceeds from divestiture are expected to be $240 million​.Newell Brands Inc says additionally, Newell Brands has signed a definitive agreement to sell its Zoot & Squadra apparel brands in a separate transaction.Says ‍net sales for divested business were approximately $330 million during 2016​.  Full Article

Newell tumbles on weak back-to-school demand, Toys "R" Us impact

Shares of Newell Brands Inc lost almost a quarter of their value on Thursday after the Sharpie pen maker recorded dismal quarterly results from weak back-to-school demand and the Toys "R" Us bankruptcy, and cut its full-year forecast.