earnings
confidence high
sentiment positive
materiality 0.90
Newell Brands Reports Q4 2024: Gross Margin Up 430bps, Debt Refinanced, Provides FY2025 Outlook
NEWELL BRANDS INC.
2024-FY EPS reported
-$0.52
revenue$7,582,000,000
- Q4 2024 net sales $1.9B, down 6.1% YoY; core sales declined 3.0%.
- Reported gross margin improved to 34.2% from 29.9%; normalized gross margin 34.6% vs 31.1%.
- Full year normalized EBITDA rose to $900M from $782M; normalized diluted EPS $0.68 vs $0.67.
- Completed $1.25B debt refinancing in Q4, reducing total debt to $4.6B from $4.9B.
- Preliminary FY2025 outlook: net sales decline 4%-2%, normalized EPS $0.70-$0.76.