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- In the fourth quarter, Newell Brands did better than Wall Street expected as it pursued a revamped corporate strategy that included initiatives to improve operations. Net loss was $86 million, or 21 cents per diluted share, versus a net loss of $249 million, or 60 cents per diluted share, in the year-earlier quarter.
Feb 8, 2024 · Fourth quarter net sales were $2.1 billion, a decline of 9.1 percent compared with the prior year period. Core sales declined 9.3 percent compared with the prior year period. Fourth quarter reported gross margin increased to 29.9 percent compared with 26.3 percent in the prior year period.
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Feb 9, 2024 · During the fourth quarter, net interest expense increased $6 million versus last year to $70 million due to higher interest rates and discrete tax benefits yielded a normalized tax benefit of $10 million, all of which brought normalized diluted earnings per share in at $0.22.
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Feb 13, 2024 · Turning to operating cash flow. $251 million was generated in the fourth quarter, bringing full-year operating cash flow to $930 million, an increase of $1.2 billion versus 2022.
Jan 23, 2024 · ATLANTA--(BUSINESS WIRE)--Jan. 23, 2024-- Newell Brands Inc. (NASDAQ: NWL) today announced its fourth quarter and full year 2023 earnings results will be released Friday, February 9, 2024 prior to market open and will be followed by a live webcast at 9:30 a.m. ET.
Feb 9, 2024 · Fourth quarter reported operating margin was negative 0.5 percent compared with negative 11.9 percent in the prior year period, as both periods included the impact of non-cash impairment charges. Normalized operating margin increased to 7.7 percent compared with 4.9 percent in the prior year period.
Feb 9, 2024 · In the fourth quarter, Newell Brands did better than Wall Street expected as it pursued a revamped corporate strategy that included initiatives to improve operations. Net loss was $86 million, or 21 cents per diluted share, versus a net loss of $249 million, or 60 cents per diluted share, in the year-earlier quarter.
Feb 10, 2024 · The company's fourth quarter normalized gross margin of 32.3% represented a 100 basis point improvement sequentially and the second consecutive quarter of year-over-year expansion despite...
