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.
Yankee Candle is enhancing holiday cheer by introducing the Official Santa Cam, a virtual experience that allows families to witness Santa's activities at the North Pole. Accessible from December 8 until December 24, families can watch Santa build toys, read letters, and enjoy time with Mrs. Claus. This initiative aims to create a magical holiday experience for those unable to visit Santa in person. Additionally, virtual backgrounds for festive video chats will be available from December 9. The program reflects Yankee Candle's commitment to bringing joy during the holiday season.
Sunbeam® has launched the GoHeat™ Cordless Heating Pad, designed to provide portable pain relief. The product offers faster heat delivery in just 30 seconds and is powered by a rechargeable lithium-ion battery lasting up to four hours on low heat. With three customizable heat settings, the 9.5" x 12" pad includes an adjustable strap for targeted relief. Priced at $69.99, it is available online at major retailers like Amazon, Walmart, and Target. An optional quick charger and additional battery are also offered for $19.99 and $39.99, respectively.
Newell Brands Inc. (NASDAQ: NWL) announced early results for its debt tender offer to buy up to $300 million of its outstanding securities. As of November 24, 2020, the company received tenders amounting to $509,558,000. Due to oversubscription, the company will prorate the purchases, accepting $300 million of its 3.850% Notes due 2023, while no 4.000% or 3.150% Notes will be purchased. The early settlement date is set for November 30, 2020, with payments including accrued interest for accepted tenders.
Newell Brands (NASDAQ:NWL) announced that CFO and President, Business Operations, Chris Peterson, will speak at the Morgan Stanley Virtual Global Consumer & Retail Conference on December 1, 2020, at 11:00 A.M. ET. The event will be available for live webcast on the Newell Brands website, with an archive accessible after the event.
Newell Brands is a global consumer goods company, known for its diverse portfolio including brands like Sharpie, Rubbermaid, and Yankee Candle. The company focuses on creating innovative and sustainable products that enhance consumers' lives.
Newell Brands Inc. (NASDAQ: NWL) has initiated a debt tender offer to purchase up to $300 million in its outstanding securities. This move aims to reduce the company's current indebtedness, enhancing financial flexibility. The tender offer is intended to cut the cost of debt and will be funded through available cash. The offer will expire at midnight on December 9, 2020, unless extended, and holders can withdraw their tenders until 5:00 p.m. on November 24, 2020. Important details include acceptance priority levels for different securities and accrued interest payments.
On November 10, 2020, Rubbermaid, part of Newell Brands (NASDAQ: NWL), launched the Brilliance™ Glass food storage containers, designed for efficient storage and presentation. These containers can endure oven temperatures up to 450°F, making them versatile for both refrigerator storage and oven reheating. A promotional offer allows customers to receive a free 3.2 cup container with online purchases at Target.com while supplies last. Brilliance™ Glass features an airtight seal, built-in steam vents, and is available through major retailers.
First Alert, in collaboration with the National Volunteer Fire Council, has launched an online training course titled "Protect Against the Silent Killer" to educate volunteer fire departments on carbon monoxide (CO) safety. This initiative includes a CO alarm donation program for communities in need, addressing the critical issue of CO poisoning, which affects 50,000 people annually in the U.S. The course, available for free throughout November, emphasizes proper installation and maintenance of CO alarms, aiming to enhance community safety as winter approaches.
Newell Brands announces the launch of NUK®'s 3AM Club, a unique online resource hub for parents. This initiative aims to alleviate the challenges of parenting by offering expert advice, calming resources, and community support. The 3AM Club includes features such as meditation and sleep aids in partnership with Breethe, and educational content in collaboration with March of Dimes. This expansion beyond products underscores NUK's commitment to enhancing the parenting experience.
Newell Brands Inc. (NASDAQ: NWL) has declared a quarterly cash dividend of $0.23 per share, payable on December 15, 2020 to stockholders of record as of November 30, 2020. This announcement reflects the company's commitment to returning value to its shareholders through consistent dividend payments. Newell Brands is a prominent consumer goods firm recognized for its diverse portfolio of household brands.
Newell Brands (NASDAQ:NWL) reported strong Q3 2020 results with net sales of $2.7 billion, a 5.1% increase year-over-year. Core sales grew 7.2% across most business units. Operating margin improved significantly to 13.4%, while diluted EPS was $0.71, up from a loss of $1.48 in the prior year. Operating cash flow nearly doubled to $820 million. Full-year normalized EPS guidance was reinstated at $1.63 to $1.69, and operating cash flow is projected at $1.1 to $1.2 billion, reinforcing a positive outlook for shareholder value.