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) is a global consumer goods company whose news flow reflects activity across a broad portfolio of everyday brands. Company communications highlight brands such as Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer’s, Oster, NUK, Spontex, Campingaz and bubba, covering categories from writing instruments and baby care to home fragrance, outdoor gear and beverageware.
News about Newell Brands often includes brand and product announcements. Examples include Yankee Candle launching themed collections like The Polar Express Collection and the YC Collection, which focus on fragrance design, vessel aesthetics and gifting formats, and NUK expanding its Perfect Match line of baby feeding and soothing products. The bubba brand, part of Newell Brands’ Outdoor and Recreation business unit, has also featured in news with updates on design-forward reusable water bottles and refreshed brand identity.
Investors and analysts following NWL will also see corporate and financial updates in the news stream. These include quarterly earnings results, outlook updates and dividend declarations, as well as announcements about webcasts for earnings calls and conference appearances. Releases may discuss segment performance across Home & Commercial Solutions, Learning & Development, and Outdoor & Recreation, along with management commentary on business conditions and strategic priorities.
Another category of coverage involves operational and strategic initiatives. For example, Newell Brands has announced a global productivity plan aimed at strengthening competitiveness and efficiency, and has highlighted the role of automation, digitization and artificial intelligence in its operations. The company has also spotlighted its Customer Experience Center in Hoboken, New Jersey, which is designed as an immersive space for retailer collaboration and brand storytelling.
By reviewing the NWL news page on Stock Titan, readers can track these product launches, brand developments, financial disclosures and strategic updates from a single, organized feed.
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.
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.
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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.
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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.