Welcome to our dedicated page for Newell Brands news (Ticker: NWL), a resource for investors and traders seeking the latest updates and insights on Newell Brands stock.
Newell Brands Inc. reports news about its global consumer goods portfolio, including brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Paper Mate, EXPO, Elmer's and Oster. Updates commonly cover quarterly results, core sales trends, segment performance, dividends on common stock and investor presentations.
Company announcements also track brand-level product activity across learning and development, home and commercial solutions, and outdoor and recreation categories, including writing instruments, adhesives, dry erase products, coolers and other household and outdoor consumer products.
Newell Brands (NASDAQ: NWL) has appointed Chris Peterson as the new President and Chief Executive Officer, following Ravi Saligram's retirement, effective May 16, 2023. Peterson, who has been with Newell since December 2018 and served as its President since May 2022, is recognized for his role in the company's turnaround, focusing on financial performance and operational excellence. His appointment follows a thorough succession planning process, as stated by Chairman Patrick Campbell. Saligram is credited with strengthening company culture and customer partnerships during his tenure. The company aims to explore profitable growth opportunities under Peterson's leadership.
Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of $0.23 per share, payable on March 15, 2023. The dividend will be distributed to common stockholders recorded by the close of business on February 28, 2023.
Newell Brands is recognized for its extensive portfolio of popular consumer goods, including renowned brands such as Rubbermaid, Calphalon, Sharpie, and Yankee Candle. The company's focus is on enhancing consumer experiences both at home and outdoors.
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Newell Brands (NASDAQ: NWL) announced the launch of Project Phoenix, a restructuring initiative aimed at simplifying operations and improving efficiencies. The company targets annualized pre-tax savings between $220 and $250 million by consolidating its operating segments from five to three and centralizing supply chain functions. The initiative involves an estimated $100 to $130 million in restructuring costs and aims to eliminate approximately 13% of office positions by the end of 2023. This project follows the earlier successful Project Ovid and seeks to mitigate macroeconomic pressures.
Newell Brands Inc. (NASDAQ: NWL) will release its fourth quarter and full year 2022 earnings results on February 10, 2023, prior to market open. A live webcast will follow at 8:30 A.M. ET. Investors can access the webcast through the Newell Brands website. The company's brand portfolio includes notable names such as Rubbermaid, Calphalon, and Yankee Candle, highlighting its position as a leading global consumer goods company.
Newell Brands (NASDAQ: NWL) has appointed Mark Erceg as Chief Financial Officer, effective January 9, 2023. He succeeds Chris Peterson, who will remain as President. Erceg brings 30 years of experience from roles at Cerner Corporation, Tiffany & Company, and others. He will oversee Finance and IT functions, enhancing business planning, accounting, and investor relations. Both Peterson and Ravi Saligram, CEO, express confidence in Erceg's capabilities to drive growth and operational efficiency at Newell Brands.
Newell Brands (NASDAQ: NWL) has announced the election of Stephanie Stahl to its Board of Directors, effective January 1, 2023. This appointment increases the board's size from ten to eleven members. Patrick Campbell, Chairman, expressed confidence in Stahl’s extensive marketing and sustainability experience to enhance the board's strategic execution. Stahl has served as a Senior Advisor at Boston Consulting Group and has experience with notable companies such as Coach, Inc. Her expertise is expected to drive sustainable growth and value creation for stakeholders.
PaperMate, part of Newell Brands, has launched the "Thanks to Teachers" initiative, pledging $100,000 to the Kids In Need Foundation's Supply a Teacher Program. This program aims to alleviate financial burdens on teachers who often pay for their own supplies. According to a survey, 91% of teachers lack essential supplies for the new semester. PaperMate encourages individuals to express gratitude to teachers year-round and to share their messages on social media using #ThankstoTeachers. The initiative highlights the critical role teachers play in shaping future generations.
The Yankee Candle Company, part of Newell Brands, has launched limited-time pop-up shops across six U.S. locations to celebrate the holiday season. Open now through the New Year, these shops feature the new Snow Globe Wonderland Collection with five unique fragrances. Customers can enjoy exclusive promotions including a special Candle Day on December 2, along with personalized candle options. These pop-up experiences aim to enhance holiday gifting and provide an interactive shopping environment for consumers.
Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of $0.23 per share, payable on December 15, 2022. Shareholders on record as of the close of business on November 30, 2022 will receive the dividend. This action reflects the company's commitment to returning value to its investors, amidst a backdrop of strong brand portfolio including Rubbermaid and Sharpie.