secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0000814453-23-000143
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 down 9.1%, normalized EPS $0.39 vs $0.50, updates FY outlook lower
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000081445323000143/0000814453-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000081445323000143/nwl-20231027.htm
  HTML page:      https://secwatch.observer/filing/0000814453-23-000143

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