Newell Brands demonstrated strong financial and operational performance in the third quarter, with improvements in gross and operating margins, debt reduction, and successful product innovations. Despite challenges in specific segments and broader economic conditions, the company remains optimistic about future growth and has raised its financial outlook for the year.

Company Guidance

In the Newell Brands Q3 2024 earnings call, the company reported a robust performance, with key metrics exceeding expectations. Core sales improved to a year-over-year decline of 1.7%, a significant sequential improvement. Gross margins expanded by 470 basis points to 35.4%, marking the fifth consecutive quarter of growth, aided by strong productivity initiatives and a favorable mix shift towards mid and high-priced products. Normalized operating margin also improved by 210 basis points to 9.5% despite increased A&P investments. The company reduced net debt by over $560 million, decreasing the leverage ratio to 4.9x. Normalized EBITDA rose 22% on a trailing 12-month basis. The strong performance enabled Newell to raise its full-year outlook for normalized operating margin, earnings per share, and operating cash flow. The company remains confident that its new corporate strategy, focused on innovation and brand building, will further drive growth in 2025.

Strong Third Quarter Performance

Core sales year-over-year performance improved sequentially. Gross margin increased for the fifth consecutive quarter, with a 470 basis point rise versus last year to 35.4%. Normalized operating margin rose by 210 basis points to 9.5%.

Improved Financial Position

Newell Brands reduced net debt by over $560 million in the past five quarters, and their leverage ratio dropped from 6.5x to 4.9x. Normalized EBITDA increased by 22% on a trailing 12-month basis.

Positive Segment Performance

Learning & Development delivered a third consecutive quarter of positive core sales growth, driven by the Baby business. Home & Commercial improved core sales growth by 200 basis points sequentially.

Innovation and Product Launches

New products like the Graco SmartSense Soothing Bassinet and Swing, Mr. Coffee Perfect Brew, and FoodSaver Handheld+ machine were launched, showing strong initial market performance.

Increased Financial Outlook for 2024

Newell raised their outlook for normalized operating margin, normalized earnings per share, and operating cash flow for the full year based on strong performance.

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Newell Brands (NWL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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NWL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2018	2018 (Q2)	- / 0.82	0.87	-5.75% (-0.05)	―	―
Nov 02, 2018	2018 (Q3)	- / 0.81	0.86	-5.81% (-0.05)	―	―
Feb 15, 2019	2018 (Q4)	- / 0.71	0.68	4.41% (+0.03)	―	―
May 03, 2019	2019 (Q1)	- / 0.14	0.34	-58.82% (-0.20)	―	―
Aug 02, 2019	2019 (Q2)	- / 0.45	0.82	-45.12% (-0.37)	―	―
Nov 01, 2019	2019 (Q3)	- / 0.73	0.81	-9.88% (-0.08)	―	―
Feb 14, 2020	2019 (Q4)	- / 0.42	0.71	-40.85% (-0.29)	―	―
May 01, 2020	2020 (Q1)	- / 0.09	0.14	-35.71% (-0.05)	―	―
Jul 31, 2020	2020 (Q2)	- / 0.30	0.45	-33.33% (-0.15)	―	―
Oct 30, 2020	2020 (Q3)	- / 0.84	0.73	15.07% (+0.11)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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NWL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 25, 2024	$7.13	$8.67	+21.60%
Jul 26, 2024	$6.23	$8.76	+40.61%
Apr 26, 2024	$6.76	$7.59	+12.28%
Feb 09, 2024	$8.15	$6.61	-18.90%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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