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Newell Brands Inc (NWL.N)

NWL.N on New York Stock Exchange

26.96USD
26 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Newell Brands Announces Agreement With Starboard To End Proxy Contest
Monday, 23 Apr 2018 

April 23 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES AGREEMENT WITH STARBOARD TO END PROXY CONTEST.NEWELL BRANDS INC - BOARD APPOINTED TWO NEW INDEPENDENT DIRECTORS, GERARDO I. LOPEZ AND ROBERT A. STEELE, EFFECTIVE IMMEDIATELY.NEWELL BRANDS - INTENDS TO NOMINATE BRIDGET RYAN BERMAN FROM STARBOARD'S SLATE, WHO HAS BEEN MUTUALLY-AGREED UPON BY STARBOARD AND CARL C. ICAHN.NEWELL BRANDS INC - ANDREW LANGHAM HAS AGREED TO STEP DOWN FROM BOARD, EFFECTIVE IMMEDIATELY AND DAVID ATCHISON WILL NOT STAND FOR ELECTION.NEWELL BRANDS - AT 2018 ANNUAL MEETING, BOARD WILL BE EXPANDED TO COMPRISE 12 DIRECTORS.  Full Article

Newell Brands Announces Preliminary 2017 Results And Initial 2018 Guidance
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES ACCELERATION OF TRANSFORMATION PLAN, PRELIMINARY 2017 RESULTS AND INITIAL 2018 GUIDANCE.SEES FY 2018 ADJUSTED EARNINGS PER SHARE ABOUT $2.65 TO $2.85.SEES FY 2017 ADJUSTED EARNINGS PER SHARE $2.72 TO $2.76.EXPLORING PORTFOLIO RECONFIGURATION TO SIMPLIFY OPERATIONS AND ACCELERATE DELEVERAGING.FOCUSING NEWELL'S PORTFOLIO ON NINE CORE CONSUMER DIVISIONS.EXPLORING STRATEGIC OPTIONS FOR INDUSTRIAL AND COMMERCIAL PRODUCT ASSETS.EXPLORING STRATEGIC OPTIONS FOR SMALLER CONSUMER BUSINESSES.NEWELL BRANDS - EXECUTION OF STRATEGIC OPTIONS WOULD RESULT IN 50 PERCENT REDUCTION IN GLOBAL FACTORY AND WAREHOUSE FOOTPRINT BY END OF 2019.EXECUTION OF STRATEGIC OPTIONS WOULD RESULT IN 50 PERCENT REDUCTION IN CUSTOMER BASE BY END OF 2019.EXECUTION OF STRATEGIC OPTIONS WOULD RESULT IN CONSOLIDATION OF 80% OF GLOBAL SALES ON TWO ERP PLATFORMS BY 2019-END.SEES CORE SALES GROWTH OF APPROXIMATELY 0.8 PERCENT IN 2017.ABOUT $1.0 BILLION OF OPERATING CASH FLOW GENERATED IN Q4, RESULTING IN FY OPERATING CASH FLOW OF APPROXIMATELY $930 MILLION."VERY DIFFICULT COMMERCIAL OUTCOME IN SECOND HALF OF 2017".OPERATING CASH FLOW IS EXPECTED TO BE $1.15 BILLION TO $1.45 BILLION, EXCLUDING IMPACT OF ANY POTENTIAL DIVESTITURES IN 2018.NEWELL BRANDS - EXPECTS TO ACHIEVE MARKET SHARE GROWTH IN CORE CATEGORIES, GEOGRAPHIES IN 2018.FY2017 EARNINGS PER SHARE VIEW $2.81 -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.94 -- THOMSON REUTERS I/B/E/S.  Full Article

Newell on conf call- Many retailers canceled late September back-to-school orders
Thursday, 2 Nov 2017 

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 

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 says to buy fast-growing food storage and candle businesses
Monday, 12 Dec 2016 

Newell Brands Inc : Newell brands to acquire fast-growing food storage and candle businesses . Additionally, company has entered into a definitive agreement to acquire smith mountain industries . Company expects to complete divestitures in first half of 2017 . Smith mountain deal for $100 million . Newell brands inc - both deals are expected to be immediately accretive to normalized earnings . Newell brands inc - deal for nz$660 million . Newell brands inc - both acquisitions will be funded from cash on hand at time of closing. . Deal expected to be immediately accretive to normalized earnings . Newell brands - neither deal expected to draw on u.s.-based net proceeds from planned divestitures which will be used for accelerated debt repaymen .Newell brands to acquire fast-growing food storage and candle businesses.  Full Article

Newell Brands CEO says co plans to begin acquiring brands in core units later in 2017
Friday, 28 Oct 2016 

Newell Brands Inc : Newell Brands CEO - hopeful co finalizes divestitures by end of year or early 2017, so co can begin to acquire brands in core categories later in 2017 Further company coverage: [NWL.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Stanley Black & Decker-Newell deal does not preclude it from doing a deal in another part of biz portfolio - Conf call
Wednesday, 12 Oct 2016 

Stanley Black & Decker Inc : Says the Newell tool biz deal does not preclude it from doing an acquisition in another part of its biz portfolio - Conf call Further company coverage: [SWK.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Newell Brands to sell its tools business to Stanley Black & Decker for $1.95 bln
Wednesday, 12 Oct 2016 

Newell Brands Inc : Newell Brands announces agreement to sell tools brands to Stanley Black & Decker . Gross proceeds from divestiture are expected to be $1.95 billion . Newell Brands Inc - gross proceeds from divestiture are expected to be $1.95 billion . Newell Brands - proceeds to be primarily used to pay down debt in furtherance of goal of achieving leverage ratio of 3-3.5 times EBITDA by end of 2018 . Newell Brands Inc - if deal were to be completed on dec 31, 2016 , co would expect normalized EPS dilution of about $0.15 on an annualized basis . Newell Brands will retain its Dymo(reg) industrial labeling business within reported tools segment . Total 2015 net sales of remaining businesses held for sale is approximately $700 million .Newell Brands - sales processes are underway and company hopes to complete divestiture of remaining assets held for sale within first half of 2017.  Full Article

Newell Brands to reaffirm fiscal year 2016 outlook at Barclays Global Consumer Staples Conference
Tuesday, 6 Sep 2016 

Newell Brands Inc : Newell Brands to reaffirm fiscal year 2016 outlook at Barclays Global Consumer Staples Conference .Newell Brands expects to exit product lines with annual sales of $250 million to $300 million over next two to three years..  Full Article

Newell sets quarterly cash dividend of $0.19 per share
Thursday, 11 Aug 2016 

Newell Brands Inc :Sets quarterly cash dividend of $0.19 per share.  Full Article

UPDATE 2-Newell, Starboard end proxy fight with Icahn's backing

April 23 Consumer products maker Newell Brands Inc and hedge fund Starboard Value LP have agreed to end a months-long proxy fight through a deal brokered by fellow activist investor Carl Icahn that will add three new independent directors to the board.