Welcome to our dedicated page for Newell Brands news (Ticker: NWL), a resource for investors and traders seeking the latest updates and insights on Newell Brands stock.
Newell Brands Inc. (NASDAQ: NWL) is a leading global consumer goods company renowned for its strong portfolio of well-known brands. These include Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer's®, Coleman®, Jostens®, Marmot®, Rawlings®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Rubbermaid®, Contigo®, First Alert®, Waddington, and Yankee Candle®.
Formed through the combination of Newell Rubbermaid Inc. and Jarden Corporation, Newell Brands is a $16 billion consumer goods powerhouse. The company is dedicated to accelerating growth and building a performance-driven culture. Their mission is to become one of the world's leading consumer goods companies, enhancing everyday living by delivering high-quality products for the home, school, office, and recreational activities.
Newell Brands operates through three main segments:
- Home and Commercial Solutions – Offering products for both residential and commercial use, including kitchen appliances, home organization, and cleaning solutions.
- Learning and Development – Providing writing instruments, art supplies, and activity-based products, this segment drives significant revenue and includes beloved names like Sharpie®, EXPO®, and Elmer's®.
- Outdoor and Recreation – Catering to outdoor enthusiasts with brands like Coleman® and Marmot®, supplying camping gear, outdoor equipment, and sports accessories.
The company's current projects and recent achievements showcase its commitment to innovation and consumer satisfaction. For instance, Sharpie® recently launched the ‘Sharpie Rookie of the Year’ program, targeting prolific college athletes transitioning to professional careers. Furthermore, in collaboration with Paper Mate®, they initiated the ‘Let’s Get Creative’ campaign to foster creativity among consumers.
Newell Brands also focuses on leveraging partnerships and strategic initiatives to enhance its market presence. For example, Graco®, a trusted baby gear brand, introduced the SmartSense™ Soothing Bassinet and SmartSense™ Soothing Swing, using cutting-edge technology to provide comfort to infants.
Financially, Newell Brands continues to strive for better profitability and market share. The company's diverse portfolio and strategic initiatives are pivotal to its goal of becoming a faster-growing, more profitable entity.
For more information, visit www.newellbrands.com.
Newell Brands Inc. (NASDAQ: NWL) has appointed Chris Peterson as President & Chief Financial Officer, effective immediately. Peterson, who has been with the company since 2018, has played a crucial role in the turnaround strategy, focusing on operational excellence and financial improvements. Under his leadership, the cash conversion cycle improved from 115 to 68 days, and Newell's leverage ratio has decreased, leading to an S&P investment-grade upgrade. CEO Ravi Saligram commended Peterson's contributions in navigating supply chain challenges and enhancing cash flow.
Newell Brands (NASDAQ: NWL) reported Q1 2022 net sales of $2.4 billion, a 4.4% increase driven by core sales growth of 6.9%. Diluted EPS was $0.55, up from $0.21 last year. Despite inflation challenges, normalized operating income rose by 10.4%. The company reaffirmed its full-year outlook, anticipating net sales between $9.93 and $10.13 billion. Key metrics include a leverage ratio of 3.1x and ongoing share repurchases totaling $275 million. Core sales growth in five of seven business units exemplified the effectiveness of Newell's diversified portfolio.
Newell Brands has launched the Newell Creative Kitchen, a versatile cooking space in Hoboken, New Jersey, designed to inspire culinary creativity. The kitchen aims to connect consumers with the latest food trends and features innovative products from brands like Rubbermaid and Calphalon. The initiative includes collaborations with TikTok sensation Jeremy Scheck, who will share fresh recipes. Designed by Perkins&Will, the 5,000 sq. ft. space hosts various events and showcases Newell's commitment to enhancing consumer experiences at home.
Newell Brands Inc. (NASDAQ: NWL) is set to release its Q1 2022 earnings on April 29, 2022, before market open. A live webcast will take place at 9:30 A.M. ET to discuss the results. Investors can access the webcast via the Newell Brands website. The company boasts a diverse portfolio of renowned brands such as Rubbermaid, Sharpie, and Yankee Candle, aiming to enhance consumer experiences at home and outdoors. This upcoming announcement is crucial for shareholders and market analysts monitoring the company's financial health.
Newell Brands has launched the WoodWick® Radiance diffuser, a modern, battery-operated device designed for effortless fragrance infusion. Featuring an iconic hourglass design, it operates without water and provides a captivating glow. The diffuser has a built-in timer for automatic use, diffusing fragrance for up to 30 days on a single refill. Available in two finishes for $45, refills cost $10.50. This product enhances ambiance without mess, reflecting Newell's commitment to innovative home solutions.
Newell Brands Inc. (NASDAQ: NWL) has announced the completion of the sale of its Connected Home & Security business to Resideo Technologies, Inc. (NYSE: REZI) for a total of $593 million. This transaction is subject to standard working capital and transaction adjustments. The CH&S business, located in Aurora, Illinois, specializes in home safety products under well-known brands like BRK and First Alert.
Resideo Technologies (NYSE: REZI) has successfully acquired First Alert, Inc. from Newell Brands Inc. (Nasdaq: NWL), enhancing its portfolio in the home safety sector. This acquisition aligns with Resideo's strategy to provide comprehensive home comfort and security solutions. First Alert is known for its extensive range of safety products, including smoke alarms and carbon monoxide detectors, marketed under well-established brands. This strategic move supports Resideo's aim to extend its market reach and reinforce its position as a leader in home safety solutions.
SBA Communications Corporation (NASDAQ: SBAC) announced the election of Jay L. Johnson as an independent director, effective March 28, 2022. Johnson, currently the CFO of Lamar Advertising (NASDAQ: LAMR), brings extensive experience in the Real Estate Investment Trust (REIT) sector and media. His background includes leadership roles at DiamondRock Hospitality and Host Hotels & Resorts. This appointment is seen as beneficial amidst ongoing innovations in wireless infrastructure and aims to enhance the Board's expertise.
The Yankee Candle Company, part of Newell Brands, announces a partnership with One Tree Planted to plant 75,000 trees in 2022, donating $75,000 in honor of Earth Month. This effort includes a significant contribution to restore mangrove ecosystems in India's Sundarbans. Additionally, Newell's Home Fragrance division collaborates with Terracycle to recycle used products, having collected nearly 83,000 pounds since 2020. This initiative underlines Newell Brands' commitment to sustainability and environmental responsibility.
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