ITMS
6 years ago
Newell Brands Inc $NWL Has Been Toasted, Know This Trade Level
Newell Brands Inc (NYSE:NWL) is a leading marketer of consumer and commercial products. Some of the products include Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo and others.
Today, the stock is making a new 52-week low trading at $22.14 a share. Traders and investors should note that the stock actually topped out in June 2017 at $55.08 a share. So it easy to see the down trend that NWL stock is currently in. The next major support level for this stock will be around the $17.00 area. Unfortunately, this support area is still much lower than the current share price. This level is where the stock broke out in August 2012 from an eight month base. Often, prior break-out levels will serve as excellent support when retested.
Nicholas Santiago
InTheMoneyStocks
tedkov
7 years ago
SHAREHOLDER ALERT: National Law Firm Notifies Investors of an Investigation Involving Possible Securities Fraud Violations
New York, New York β Tripp Levy PLLC announces it has commenced an investigation of Newell Brands Inc. (NYSE: NWL) concerning possible violations of federal securities laws. Shareholders who purchased the stock since August 2017 and suffered a loss on their investment are eligible to participate in the action to potentially recover their losses at no cost.
Newell Brands stock plunged more than 20 percent after the Rubbermaid maker said it may sell off assets. The company said it will explore strategic options for at least 10 of its industrial and consumer businesses. They include: Waddington, Process Solutions, Rubbermaid Commercial Products, Rawlings, Goody, Rubbermaid Outdoor and U.S. Playing Cards. Newell shares have lost more than 32 percent in the new year. In addition, Martin Franklin announced his resignation Thursday from the board, as did Ian G.H. Ashken and Domenico De Sole.
If you are a shareholder of Newell and would like additional information as to you may be eligible to recover your losses for your shares at no cost, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
Attorney advertising. Prior results do not indicate a similar outcome.
1center
7 years ago
$NWL Michael Polk will present tomorrow, June 15, 2017 at 8:00 a.m. EDT
Newell Brands to Reaffirm Fiscal Year 2017 Outlook at Deutsche Bank Global Consumer Conference HOBOKEN, N.J.--(BUSINESS WIRE)--June 14, 2017--
Newell Brands (NYSE: NWL) announced it will reaffirm its fiscal year 2017 outlook, as provided in its first quarter 2017 earnings press release dated May 8, 2017, during its presentation tomorrow at the Deutsche Bank Global Consumer Conference in Paris, France.
The company is reaffirming its full year 2017 guidance as follows:
2017 Full Year
Outlook
--------------------
Net sales $14.52bn to $14.72bn
Net sales growth 9.5% to 11.0%
Core sales growth 2.5% to 4.0%
Normalized earnings per share $3.00 to $3.20
Chief Executive Officer Michael Polk will present tomorrow, June 15, 2017 at 8:00 a.m. EDT (2:00 p.m. CEST). The presentation will be webcast live and may be accessed by selecting Events & Presentations from the Investor Relations tab of the Newell Brands website at www.newellbrands.com. The webcast will be archived and available for replay following the live presentation.
1center
8 years ago
Newell Brands $NWL Announces Strong First Quarter Results
May 8, 2017
Net Sales Growth 148.4 Percent; Core Sales Growth 2.5 Percent
Reported EPS $1.31; Normalized EPS $0.34
Raised 2017 Normalized EPS Guidance Range
Increased Dividend 21 Percent
HOBOKEN, N.J.--(BUSINESS WIRE)-- Newell Brands Inc. (NYSE:NWL) announced its first quarter 2017 financial results today.
First Quarter 2017 Executive Summary
Net sales growth of 148.4 percent to $3.3 billion; core sales growth of 2.5 percent.
Reported diluted earnings per share of $1.31 compared with $0.15 in the prior year, benefiting from a $784 million gain on the sale of the Tools business, core sales growth, cost synergies related to the Jarden acquisition, Project Renewal savings and contributions from acquisitions. These benefits more than offset increased investment in brand development, insights and e-commerce, negative foreign currency impacts, an increase in amortization of intangibles, higher interest expense and higher share count associated with the Jarden transaction.
Normalized diluted earnings per share of $0.34 compared with $0.40 in the prior year, as the benefits of increased sales and operating profitability were more than offset by higher interest expense and higher share count associated with the Jarden transaction. Normalized earnings per share exclude certain items described later in this release.
Reported operating margin of 4.8 percent, compared with 9.5 percent in the prior year, driven by the mix impact of the acquired Jarden business, including an increase in amortization of intangibles, and costs associated with the delivery of savings, partially offset by Project Renewal savings and cost synergies associated with the Jarden transaction. Normalized operating margin of 10.6 percent, a 250 basis point decline versus the prior year due to the mix impact of the acquired Jarden business and investment in brand development, insights and e-commerce, partially offset by cost synergies and Project Renewal savings.
Operating cash use of $289 million compared with a use of $261 million in the prior year; gross debt of $11.2 billion reflecting repayment of $726 million during the quarter and $2.8 billion since the creation of Newell Brands on April 15, 2016.
Completed acquisition of WoodWick fragranced candle business and divestitures of the Tools and Rubbermaid consumer totes businesses; subsequent to quarter end, completed acquisition of New Zealand based Sistema Plastics food storage and the divestitures of the fire starter and fire log and the Lehigh cordage businesses.
Announced new reporting framework aligned to Growth Game Plan with 5 segments (Live; Learn; Work; Play; Other) and 4 regions (North America; Latin America; Europe, Middle East, Africa; Asia Pacific).
Raised guidance for full year 2017 normalized diluted earnings per share to $3.00 to $3.20 compared with previous guidance of $2.95 to $3.15. Reaffirmed full year 2017 net sales guidance of $14.52 to $14.72 billion, representing 9.5 to 11 percent growth, and core sales growth guidance of 2.5 to 4.0 percent.
Announced a $0.04 per share increase in the quarterly dividend to $0.23 per share, an increase of 21 percent.
βOur first quarter results provide strong evidence of our teamβs capacity to perform while we transform,β said Newell Brands Chief Executive Officer Michael Polk. βWe delivered competitive core sales growth of 2.5 percent despite significant organization and portfolio change. Our core sales results were broad based with growth in all four regions and across four of five segments. Our international growth coupled with very strong e-commerce results more than offset the continuing impact of inventory de-stocking in U.S. mass channels. Our operating margin was well ahead of plan driven by strong cost synergies and stringent discretionary cost management. And we further deleveraged, paying down over $725 million of debt in the quarter, bringing our cumulative debt repayment since the Jarden transaction on April 15, 2016 to $2.8 billion.
βWe have had a good start to 2017 and are on our way to unlock the transformative value creation associated with our long term guidance. We are confident that simultaneous growth and margin development fueled by savings and synergies will generate strong cash flow, leading to rapid deleveraging and then more aggressive value-creating uses of capital. We believe this transformative value creation story is unique to Newell Brands given our leading brand positions in large global categories, the inherent opportunities presented through the new scale of the company, the investments we are making in new capabilities and the strong cash generative nature of our businesses. This confidence is shared by our Board of Directors which has approved a 21 percent increase of the quarterly dividend to $0.23 per share.β
http://ir.newellbrands.com/investor-relations/press-releases/press-release-details/2017/Newell-Brands-Announces-Strong-First-Quarter-Results/default.aspx