secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0000814453-24-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Brands Q4 net sales down 9.1% to $2.1B; FY cash flow $930M; FY2024 outlook: normalized EPS $0.52-$0.62
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- Q4 net sales $2.1B, decline 9.1% YoY; core sales down 9.3%; normalized gross margin improved to 32.3% from 26.6%.
- Q4 normalized diluted EPS $0.22 vs $0.16 prior year; reported diluted loss per share $0.21 vs $0.60 loss.
- Full year operating cash flow surged $1.2B to $930M; debt reduced to $4.9B from $5.4B.
- Full year net sales $8.1B, decline 14%; net loss $388M ($0.94 loss) vs prior year net income $197M.
- Initial FY2024 outlook: net sales decline 8-5%, normalized EPS $0.52-$0.62; restructuring charges $75-90M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000081445324000013/0000814453-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000081445324000013/nwl-20240209.htm
  HTML page:      https://secwatch.observer/filing/0000814453-24-000013

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