secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0000814453-23-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000081445323000016/0000814453-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000081445323000016/nwl-20230210.htm
  HTML page:      https://secwatch.observer/filing/0000814453-23-000016

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