secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0000814453-22-000123
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Brands Q3 net sales -19.2%, core sales -10.8%; cuts FY2022 outlook
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- Net sales $2.3B (-19.2% YoY); diluted EPS $0.07 vs $0.44; normalized EPS $0.53 vs $0.54.
- Core sales declined 10.8%; only one of seven business units grew core sales.
- Reported operating margin 1.6% (incl $148M goodwill/intangibles impairment); normalized 10.2% vs 11.4%.
- Issued $1B of senior notes (6.375% 2027 and 6.625% 2029) to refinance $1.1B April 2023 notes.
- Updated FY2022 outlook: net sales $9.35-9.43B (prev $9.37-9.58B), norm EPS $1.56-1.61 (prev $1.56-1.70).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000081445322000123/0000814453-22-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000081445322000123/nwl-20221028.htm
  HTML page:      https://secwatch.observer/filing/0000814453-22-000123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer