secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000814453-24-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Brands Q1 net loss narrows to $9M; margins expand; affirms FY2024 outlook
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- Net sales $1.7B, down 8.4% YoY; core sales down 4.7% (sequential improvement).
- Reported gross margin 30.5% (up 380bps); normalized operating margin 4.6% (up 220bps).
- Normalized diluted EPS $0.00 vs -$0.06; operating cash flow $32M vs -$77M.
- Outdoor & Recreation segment weak: sales -25.6% YoY, core sales decline 20.3%.
- FY2024 outlook affirmed: net sales decline 8%-5%, normalized EPS $0.52-$0.62.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000081445324000053/0000814453-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000081445324000053/nwl-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000814453-24-000053

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