secwatch.observer — SEC 8-K summary
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Issuer:     NEWELL BRANDS INC. (NWL)
CIK:        0000814453
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0000814453-24-000111
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newell Q3: Normalized EPS $0.16, gross margin 34.9% (+460bps), raises FY 2024 outlook
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- Revenue $1.9B, down 4.9% YoY; core sales down 1.7%.
- Normalized gross margin 35.4% vs 30.7% YoY; fifth consecutive quarter of expansion.
- Normalized EBITDA $250M vs $218M YoY; normalized net income $69M vs $154M.
- Raised full-year 2024 guidance for normalized operating margin, normalized EPS, and operating cash flow.
- Changed normalization practice: no longer excludes inventory write-downs and accelerated depreciation from restructuring.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814453/000081445324000111/0000814453-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814453/000081445324000111/nwl-20241025.htm
  HTML page:      https://secwatch.observer/filing/0000814453-24-000111

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