Newell Brands Inc. ( (NWL) ) has released its Q4 earnings. Here is a breakdown of the information Newell Brands Inc. presented to its investors.
Newell Brands Inc. is a global consumer goods company known for its diverse portfolio of popular brands such as Rubbermaid, Sharpie, Graco, and Yankee Candle, operating in the consumer products sector with a focus on enhancing everyday consumer experiences. In its 2024 financial results, Newell Brands reported a mixed performance with improved gross and operating margins, driven by strategic enhancements in selling and marketing capabilities, despite facing a decline in net sales. Key financial highlights include a reported gross margin increase to 34.2%, operating income recovery to $9 million, and a decrease in reported net loss to $54 million, while successfully refinancing $1.25 billion of debt. Looking ahead, Newell Brands aims for core sales growth turnaround in 2025, emphasizing operational efficiency and financial stability amidst uncertain macroeconomic conditions.