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 Inc. (NASDAQ: NWL) has announced the completion of the sale of its Connected Home & Security business to Resideo Technologies, Inc. (NYSE: REZI) for a total of $593 million. This transaction is subject to standard working capital and transaction adjustments. The CH&S business, located in Aurora, Illinois, specializes in home safety products under well-known brands like BRK and First Alert.
Resideo Technologies (NYSE: REZI) has successfully acquired First Alert, Inc. from Newell Brands Inc. (Nasdaq: NWL), enhancing its portfolio in the home safety sector. This acquisition aligns with Resideo's strategy to provide comprehensive home comfort and security solutions. First Alert is known for its extensive range of safety products, including smoke alarms and carbon monoxide detectors, marketed under well-established brands. This strategic move supports Resideo's aim to extend its market reach and reinforce its position as a leader in home safety solutions.
SBA Communications Corporation (NASDAQ: SBAC) announced the election of Jay L. Johnson as an independent director, effective March 28, 2022. Johnson, currently the CFO of Lamar Advertising (NASDAQ: LAMR), brings extensive experience in the Real Estate Investment Trust (REIT) sector and media. His background includes leadership roles at DiamondRock Hospitality and Host Hotels & Resorts. This appointment is seen as beneficial amidst ongoing innovations in wireless infrastructure and aims to enhance the Board's expertise.
The Yankee Candle Company, part of Newell Brands, announces a partnership with One Tree Planted to plant 75,000 trees in 2022, donating $75,000 in honor of Earth Month. This effort includes a significant contribution to restore mangrove ecosystems in India's Sundarbans. Additionally, Newell's Home Fragrance division collaborates with Terracycle to recycle used products, having collected nearly 83,000 pounds since 2020. This initiative underlines Newell Brands' commitment to sustainability and environmental responsibility.
Newell Brands has announced the launch of its first sustainable baby care collection, NUK For Nature, designed to meet the rising demand for eco-friendly products among parents. This collection includes pacifiers, cups, plates, bowls, and utensils, all packaged in 100% recycled materials and featuring instructions for sustainable disposal. The products utilize green energy and plant-based plastics, reinforcing the company’s commitment to sustainability. The collection is currently available at Target and will be expanded to additional retailers later in 2022.
Rubbermaid Incorporated has launched an innovative line of bakeware named DuraLite™ Bakeware, marking its entry into the baking category. This premium line combines the durability of glass and ceramic with features such as high heat tolerance (up to 550°F), lightweight design, and resistance to breakage. The bakeware is versatile, suitable for baking, serving, and storing. Available at retailers like Amazon, Target, and Walmart, prices start at $19.99. This product aims to enhance convenience for home cooks and improve storage efficiency.
The Yankee Candle Company has announced its 2022 Scent of the Year, Inspire, designed to evoke joy and happiness. Launching on March 21, this fragrance features top notes of Rainforest Lime and Ginger, mid notes of Bamboo and Ocean Breeze, and base notes of Cedar and Driftwood. Inspire is motivated by the philosophy of Ikigai, focusing on small moments of joy. Available to Yankee Candle Rewards members from March 16, it will retail for $31.00 in North America. This limited-edition scent highlights Yankee Candle's dedication to creating uplifting products.
Newell Brands (NASDAQ: NWL) released its 2021 Corporate Citizenship Report, outlining progress in sustainability, operational impact, and employee engagement amidst challenges like COVID-19 and supply chain issues. Key goals include achieving carbon neutrality by 2040 and increasing 20% recycled content in packaging by 2025. Highlights include improved employee engagement scores, increased diversity representation, and significant community contributions totaling nearly $17 million.
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.