secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000814453-23-000135
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Brands Q2 net sales down 13%, EPS $0.04; cuts full-year outlook
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- Net sales $2.2B (-13.0% YoY); core sales down 11.9%; diluted EPS $0.04 vs $0.48.
- Normalized EPS $0.24 vs $0.56; normalized operating margin 9.1% vs 14.0%.
- YTD operating cash flow $277M vs -$450M; inventories down ~$700M YoY.
- Home & Commercial operating loss $21M; Learning & Development income $188M; Outdoor & Recreation income $5M.
- Updated FY2023 outlook: net sales $8.2-8.34B, normalized EPS $0.80-0.90; Q3 EPS $0.20-0.24.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000081445323000135/0000814453-23-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000081445323000135/nwl-20230728.htm
  HTML page:      https://secwatch.observer/filing/0000814453-23-000135

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