Newell Brands Q3 net sales down 9.1%, normalized EPS $0.39 vs $0.50, updates FY outlook lower

NEWELL BRANDS INC.

2023-Q3 EPS reported -$0.73 revenue$6,057,000,000

Q3 net sales $2.0B, down 9.1% YoY; core sales declined 9.2%.
Reported diluted loss per share $0.53 vs $0.05 EPS prior year; normalized EPS $0.39 vs $0.50.
FY2023 outlook: net sales $8.02B-$8.09B, normalized EPS $0.72-$0.77; OCF raised to $800M-$900M.
Gross margin improved: reported 30.3% (up 110bps); normalized 31.3% (up 170bps).
Year-to-date operating cash flow $679M vs outflow $567M; net debt reduced to $4.7B from $5.0B Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEWELL BRANDS INC. reported quarter ended September 30, 2023 results: revenue $2.0 billion, net income net loss of $218 million, or $0.53 diluted loss per share, EPS $0.53 diluted loss per share. Guidance reaffirmed.

Period: quarter ended September 30, 2023
Revenue: $2.0 billion
Net income: net loss of $218 million, or $0.53 diluted loss per share
EPS: $0.53 diluted loss per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales were $2.0 billion, a 9.1 percent decline compared to the prior year period

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Source: SEC EDGAR

accession 0000814453-23-000143

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