Newell Brands Inc. - NWL STOCK NEWS

Newell Brands Inc. (NASDAQ: NWL) has initiated a debt tender offer to purchase up to $300 million in its outstanding securities. This move aims to reduce the company's current indebtedness, enhancing financial flexibility. The tender offer is intended to cut the cost of debt and will be funded through available cash. The offer will expire at midnight on December 9, 2020, unless extended, and holders can withdraw their tenders until 5:00 p.m. on November 24, 2020. Important details include acceptance priority levels for different securities and accrued interest payments.

On November 10, 2020, Rubbermaid, part of Newell Brands (NASDAQ: NWL), launched the Brilliance™ Glass food storage containers, designed for efficient storage and presentation. These containers can endure oven temperatures up to 450°F, making them versatile for both refrigerator storage and oven reheating. A promotional offer allows customers to receive a free 3.2 cup container with online purchases at Target.com while supplies last. Brilliance™ Glass features an airtight seal, built-in steam vents, and is available through major retailers.

First Alert, in collaboration with the National Volunteer Fire Council, has launched an online training course titled "Protect Against the Silent Killer" to educate volunteer fire departments on carbon monoxide (CO) safety. This initiative includes a CO alarm donation program for communities in need, addressing the critical issue of CO poisoning, which affects 50,000 people annually in the U.S. The course, available for free throughout November, emphasizes proper installation and maintenance of CO alarms, aiming to enhance community safety as winter approaches.

Newell Brands announces the launch of NUK®'s 3AM Club, a unique online resource hub for parents. This initiative aims to alleviate the challenges of parenting by offering expert advice, calming resources, and community support. The 3AM Club includes features such as meditation and sleep aids in partnership with Breethe, and educational content in collaboration with March of Dimes. This expansion beyond products underscores NUK's commitment to enhancing the parenting experience.

Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of $0.23 per share, payable on December 15, 2020 to stockholders of record as of November 30, 2020. This announcement reflects the company's commitment to returning value to its shareholders through consistent dividend payments. Newell Brands is a prominent consumer goods firm recognized for its diverse portfolio of household brands.

Newell Brands (NASDAQ:NWL) reported strong Q3 2020 results with net sales of $2.7 billion, a 5.1% increase year-over-year. Core sales grew 7.2% across most business units. Operating margin improved significantly to 13.4%, while diluted EPS was $0.71, up from a loss of $1.48 in the prior year. Operating cash flow nearly doubled to $820 million. Full-year normalized EPS guidance was reinstated at $1.63 to $1.69, and operating cash flow is projected at $1.1 to $1.2 billion, reinforcing a positive outlook for shareholder value.

Newell Brands has launched Rubbermaid EasyFindLids™ Food Storage Containers featuring SilverShield® technology, offering antimicrobial protection against odor-causing bacteria. This innovative product aims to cater to the increasing consumer demand for efficient food storage solutions as more people cook at home. The containers, available in sets of 24-42 pieces, are designed for easy organization and are made in the U.S., BPA-free, and safe for microwave and dishwasher use. Pricing starts at $12 MSRP, and the product can be purchased at major retailers including Target and Walmart.

Newell Brands Inc. (NASDAQ: NWL) will announce its third quarter 2020 earnings results on October 30, prior to market opening. A live webcast is scheduled for 10:00 a.m. ET, accessible through the Investors section of the Newell Brands website. This announcement highlights the company's ongoing commitment to transparency and investor engagement.

Newell Brands boasts a diverse portfolio of recognized brands, enhancing daily life for consumers worldwide.

Mr. Coffee has launched a new Iced Coffee Machine just ahead of National Coffee Day. This innovative coffee maker brews iced coffee in just four minutes using RapidChill™ technology. A recent survey indicates that 49% of Americans have taken up coffee-making skills during the pandemic, with 66% planning to continue these skills. Notably, 57% of participants gained new coffee-related skills, especially in iced coffee preparation. The product aims to meet rising demand for at-home coffee experiences.