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. (NWL) maintains this centralized news hub for investors and stakeholders tracking developments in the global consumer goods sector. Our repository provides verified press releases, earnings reports, and corporate announcements from the maker of Rubbermaid, Sharpie, and Graco brands.
Access real-time updates on product innovations, sustainability initiatives, and strategic partnerships across NWL's portfolio. Key coverage areas include quarterly financial results, leadership changes, manufacturing updates, and brand expansion efforts. All content is sourced directly from company filings and official communications.
This resource serves both active traders monitoring short-term catalysts and long-term investors analyzing operational trends. Bookmark this page for streamlined access to NWL's evolving market position in household products, writing instruments, and baby gear. Cross-reference announcements with historical performance data using Stock Titan's integrated financial tools.
Newell Brands (NASDAQ: NWL) announced a $275 million share repurchase agreement with Carl Icahn Enterprises at $25.86 per share, the last trading price before the agreement. The transaction, set to close by February 25, 2022, will reduce Icahn's ownership to about 33 million shares, or 8% of outstanding shares. This buyback is part of a broader $375 million share repurchase program linked to the divestiture of the Connected Home & Security business, which is expected to close by the end of Q1 2022. The firm aims to maintain its current leverage ratio through this move.
Newell Brands (NASDAQ: NWL) announced that CEO Ravi Saligram and CFO Chris Peterson will present at the 2022 Consumer Analyst Group of New York (CAGNY) Conference, set for February 25, 2022, at 12:40 P.M. ET. This virtual presentation will be accessible via the Newell Brands website's Investors tab under Events & Presentations. The archived webcast will be available for replay after the event. Newell Brands is a prominent consumer goods company known for its diverse portfolio of popular brands.
On February 15, 2022, Graco launched its Modes Nest2Grow 4-in-1 Stroller, designed to cater to first-time parents and growing families. This stroller can convert into various configurations, including an infant car seat carrier and double stroller, supporting over 15 riding options. Key features include a height-adjustable seat, a reversible stroller seat, and easy storage solutions. The stroller is priced at $349.99, with a comprehensive travel system available at $459.99. Graco emphasizes its commitment to innovation and quality in baby gear, helping parents navigate their parenting journey.
Newell Brands (NWL) reported Q4 2021 net sales of $2.8 billion, up 4.3% year-over-year, with core sales growth of 5.8%. Diluted EPS was $0.22, down from $0.30 a year prior, while normalized diluted EPS fell to $0.42 from $0.56. Despite inflationary pressures impacting margins, the company achieved 12% core sales growth for the full year. Looking ahead, NWL forecasts 2022 net sales between $9.93 billion and $10.13 billion, with normalized EPS expected between $1.85 and $1.93. The firm plans to divest its Connected Home & Security business, aiming to maintain its leverage ratio.
SOUTH DEERFIELD, Mass., Feb. 7, 2022 /PRNewswire/ -- The Yankee Candle Company unveils its new Studio Collection, featuring 12 popular fragrances in stylish glass vessels with a modern design. With natural fiber wicks and a premium soy-wax blend, the collection includes exclusive scents available at Target, such as Dried Lavender & Oak and Warm Luxe Cashmere. This collection aims to transform home ambiance through fragrance and design. The Studio Collection is now available at Target, YankeeCandle.com, and other retail locations.
Newell Brands Inc. (NASDAQ: NWL) has entered into a definitive agreement to sell its Connected Home & Security (CH&S) business to Resideo Technologies, Inc. (NYSE: REZI) for expected gross proceeds of $593 million. The CH&S business, based in Aurora, Illinois, generated net sales of approximately $395 million in 2021 and is known for brands such as BRK and First Alert. The sale will enable Newell to focus on its core capabilities while using the after-tax proceeds for debt reduction and a $375 million share repurchase program. The transaction is expected to close by the end of Q1 2022.
Newell Brands Inc. (NASDAQ: NWL) announced a quarterly cash dividend of $0.23 per share, payable on March 15, 2022 to stockholders of record by the close of business on February 28, 2022. This decision underscores the company's commitment to providing returns to its shareholders while maintaining a robust portfolio of renowned brands, such as Rubbermaid and Graco. For more details, visit www.newellbrands.com.
Newell Brands Inc. (NASDAQ: NWL) will release its fourth quarter and full year 2021 earnings results on February 11, 2022, before market open, followed by a live webcast at 8:30 A.M. ET. The company's strong portfolio includes brands like Rubbermaid, FoodSaver, and Yankee Candle, positioning it as a significant player in the consumer goods market. Investors can access the webcast through the Newell Brands website.
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