Newell Brands Inc.
4.9300-0.07 (-1.4%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · NWL · USD
Key Stats
Market Cap
2.07BP/E (TTM)
-Basic EPS (TTM)
-0.59Dividend Yield
0.06%Recent Filings
8-K
Q2 sales dip, margins soar
Newell Brands reported Q2 2025 net sales of $1.9 billion, down 4.8% year-over-year, with core sales off 4.4%, yet gross margin climbed to 35.4%—its highest in four years—marking eight straight quarters of 100+ basis point gains from productivity and pricing. The company refinanced $1.25 billion in debt with 8.50% notes due 2028, bolstering flexibility amid macro headwinds. It updated full-year guidance to (3%) to (2%) core sales decline and $0.66-$0.70 normalized EPS, factoring $155 million in extra tariff costs. Tariffs threaten margins despite mitigation efforts.
10-Q
Q2 FY2025 results
Newell Brands posted Q2 net sales of $1.9B, down 5% y/y from $2.0B amid soft global demand and distribution losses, yet gross margin climbed to 35.4% from 34.4% on productivity gains and pricing to counter tariffs. Operating income edged up 5% y/y to $171M, buoyed by restructuring savings from the Realignment Plan, while diluted EPS held steady at $0.11 despite a $13M debt extinguishment hit. Cash dipped to $219M with operating cash use of $271M YTD, but revolver availability stands at $459M under the $1B facility maturing 2027; total debt totals $5.1B after swapping 4.2% 2026 notes for 8.5% 2028 notes. Learning and Development drove strength with flat sales and 25% margins. Tariffs loom as a key risk, potentially hiking costs by $155M in 2025 before mitigations.
8-K
Newell refinances 2026 notes
Newell Brands issued $1,250,000,000 of 8.500% senior notes due 2028 on May 22, 2025, to redeem its outstanding 4.200% senior notes due 2026 using net proceeds and cash on hand. This refinancing hikes interest costs but extends debt maturity by two years, easing near-term pressures. Covenants restrict additional debt and liens. Change of control triggers a 101% repurchase offer.
8-K
Incentive plan shares approved
Newell Brands stockholders approved an amendment to the 2022 Incentive Plan at the May 8, 2025 annual meeting, adding 13 million shares to the reserve for employee and director awards. All nine board nominees won reelection with majority votes, while ratifying PwC as auditors and endorsing executive pay passed handily. Yet the push for stricter executive stock retention flopped. This bolsters talent retention amid ongoing equity grants.
8-K
Newell refinances $1B debt
Newell Brands launched and priced a $1.25 billion private offering of 8.50% senior unsecured notes due 2028, upsized from $1 billion, set to close May 22, 2025. The company plans to use proceeds plus cash on hand to fully redeem its $1 billion 4.20% senior notes due 2026, extending debt maturity while hiking interest costs. This refinancing bolsters liquidity amid market pressures. Risks hinge on closing conditions.
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