---
schema_version: "secwatch.filing_event.v1"
accession: "0000814453-23-000016"
form_type: "8-K"
ticker: "NWL"
cik: "0000814453"
company_name: "NEWELL BRANDS INC."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:43:57.380424+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Newell Brands Q4 net sales down 18.5%, reports loss of $0.60 per diluted share; FY2023 guidance below prior year

## Summary
- Q4 net sales $2.3B, down 18.5% YoY; core sales decline 9.4%.
- Q4 diluted loss per share $0.60 vs. $0.23 EPS prior year; normalized EPS $0.16 vs. $0.42.
- FY2022 net sales $9.5B (-10.7%), normalized EPS $1.57 vs. $1.93; operating cash outflow $272M.
- FY2023 outlook: net sales $8.4-8.6B, normalized EPS $0.95-1.08; Q1 normalized EPS ($0.06)-($0.03).
- Project Phoenix restructuring targets ~13% office position cuts, $100-130M charges, $220-250M annualized savings.

## SEC filing metadata
- accession: 0000814453-23-000016
- form_type: 8-K
- ticker: NWL
- cik: 0000814453
- company_name: NEWELL BRANDS INC.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814453/000081445323000016/0000814453-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814453/000081445323000016/nwl-20230210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000814453-23-000016
- JSON: https://secwatch.observer/filing/0000814453-23-000016.json
- Plain text: https://secwatch.observer/filing/0000814453-23-000016.txt

## Key facts
- Earnings Releases
  NEWELL BRANDS INC. updated its the quarter and year ended December 31, 2022 guidance (initiated).
  - Period: the quarter and year ended December 31, 2022
  - Guidance: initiated
  - Result: reported results
  source text: On February 10, 2023 Newell Brands Inc. (the “Company”) issued a press release including additional financial information to report the Company’s earnings for the quarter and year ended December 31, 2022, which is attached to this report as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814453/000081445323000016/0000814453-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.