$NWL (Newell Rubbermaid Inc.)

$NWL {{ '2016-03-18T18:04:33+0000' | timeago}} • SEC

$NWL reduced its estimated return on asset assumption for its primary US pension plan from 7.25% in 2015 to 6.25% in 2016. The company estimates that this will result in a $6.8MM increase in pension expense in 2016.

$NWL {{ '2017-05-26T14:00:24+0000' | timeago}} • Announcement

$NWL has agreed to sell its Winter Sports businesses to Kohlberg & Company, L.L.C. Gross proceeds from the divestiture are expected to be $240MM. The transaction is expected to close late in 2Q17 or early in 3Q17. $NWL has also signed a definitive agreement to sell its Zoot & Squadra apparel brands in a separate transaction.

$NWL {{ '2017-05-08T13:22:39+0000' | timeago}} • Webcast

$NWL expects headwinds in 2Q17 connected to retailer transitions. In 1Q17, $NWL was able to overcome this headwind through diversity of portfolio and channels, share gains in modest-growing categories and momentum in e-commerce. Market share growth in 1Q17 was driven by strong new products and good sales execution.

$NWL {{ '2017-05-08T13:12:19+0000' | timeago}} • Webcast

$NWL expects to see operating margin improvement in all its business segments going forward. The Other segment is likely to see some challenges due to commodity dynamics but the Live, Learn, Work and Play segments will see benefits from synergies. Some of the segments will see good margin progression based on sourcing and procurement benefits.

$NWL {{ '2017-05-08T12:40:17+0000' | timeago}} • Announcement

$NWL's BoD declared a 21% increase in its quarterly cash dividend from $0.19 to $0.23 per share. The dividend is payable on June 15, 2017 to stockholders of record at the close of business on May 31, 2017.

$NWL {{ '2017-05-08T11:36:21+0000' | timeago}} • Announcement

For FY 17, $NWL now sees net sales grow 9.5-11% to $14.52-14.72Bil, with core sales rising 2.5-4.0%, generating a normalized earnings of $3.00 to $3.20 per share. The new guidance is due to the timing of acquisitions and divestitures, and forex. Newell still sees the FY tax rate of about 23%.

$NWL {{ '2017-05-08T11:30:58+0000' | timeago}} • Announcement

In 1Q17, $NWL's Live segment generated net sales of $1.1Bil, up 231.5%. The Learn segment net sales soared 47.9% to $569MM, while Work segment net sales jumped 128.5% to $614MM. Net sales of the Play segment expanded ten-fold to $614MM from $61MM a year ago. Other segment generated net sales of $388MM, up 39.4%.

$NWL {{ '2017-05-08T11:30:45+0000' | timeago}} • Announcement

Net sales of $NWL soared 148% to $3.3Bil in 1Q17, as the Rubbermaid maker's net income expanded almost sixteen-fold to $638.5MM from last year's $40.5MM. Earnings jumped to $1.31 per diluted share from $0.15 a share, lifted by increased operating profits and a $784MM gain on the sale of the Tools business.

$NWL {{ '2017-04-10T14:09:53+0000' | timeago}} • Announcement

$NWL agreed to sell its Pine Mountain fire starters and fire logs business as well as its Diamond matches, fire starters, lighters, toothpicks, clothespins and clotheslines business to Royal Oak Enterprises. $NWL will retain Diamond branded plastic cutlery products. The transaction is expected to close in 2Q17.

$NWL {{ '2017-03-10T13:25:54+0000' | timeago}} • Announcement

$NWL has completed the sale of its Tools business, including the Irwin, Lenox and Hilmor brands, to $SWK. Gross proceeds from the transaction were approx $1.95Bil. US-based proceeds will be primarily used to pay down debt and accelerate its deleveraging.

$NWL {{ '2017-02-27T13:53:01+0000' | timeago}} • Announcement

For full-year 2017, $NWL expects net sales of $14.52-14.72Bil and core sales growth of 2.5-4%. Normalized EPS is expected to be $2.95-3.15.

$NWL {{ '2017-02-10T13:21:25+0000' | timeago}} • Announcement

$NWL BoD declared a quarterly cash dividend of $0.19 per share. The dividend is payable on March 15, 2017 to common stockholders of record at the close of business on Feb. 28, 2017.

$NWL {{ '2017-02-06T17:44:46+0000' | timeago}} • Webcast

$NWL said that the cash flow for 4Q16 came inline with the expectations, as the company deleveraged the balance sheet. The company said that the longer-term benefits on working capital will come as it begins to look closer at its distribution network and system implementation.

$NWL {{ '2017-02-06T16:41:32+0000' | timeago}} • Webcast

$NWL said more projects will be actioned through 2017, allowing synergy savings to build toward the first milestone of $500MM of savings. The company expects to cross the $500MM cumulative cost synergy threshold by 3Q18.

$NWL {{ '2017-02-06T16:22:01+0000' | timeago}} • Webcast

In 2016, $NWL delivered over $210MM of incremental cost savings through synergies and Project Renewal. The company now targets to deliver more than $300MM in incremental savings for 2017.

$NWL {{ '2017-02-06T12:10:28+0000' | timeago}} • Announcement

$NWL expects 2017 net sales of $14.52-14.72Bil. This outlook reflects current expectations for timing of acquisitions and divestitures, the negative impact of over $250MM related to foreign exchange, and the revised core sales growth range. The net sales guidance range represents growth of 9.5-11.0% compared with prior year.

$NWL {{ '2017-02-06T12:09:22+0000' | timeago}} • Announcement

$NWL lifted its 2017 normalized EPS guidance to $2.95-3.15 from $2.85-3.05. This increased outlook reflects current expectations for timing of acquisitions and divestitures, the negative impact of foreign exchange and the positive impact of a lower tax rate reflecting anticipated discrete tax benefits in 3Q17.

$NWL {{ '2017-02-06T12:08:11+0000' | timeago}} • Announcement

$NWL widened its 2017 core sales growth guidance to 2.5-4% from 3-4%. The updated outlook range reflects revised expectations on the company’s businesses with larger U.S. mall-based retail presence given lowered expectations for U.S. retail mall foot traffic.

$NWL {{ '2017-02-06T12:07:07+0000' | timeago}} • Announcement

$NWL reported a jump in 4Q16 earnings driven by sales growth, earnings from acquisitions, Project Renewal savings and cost synergies from Jarden acquisition. Net income climbed to $165.6MM or $0.34 per share from $13.2MM or $0.05 per share last year. Net sales soared to $4.14Bil from $1.56Bil. Normalized EPS grew 42.9% to $0.80.

$NWL {{ '2017-01-13T14:05:36+0000' | timeago}} • Announcement

$NWL announced continued progress with its ongoing effort to simplify and strengthen its portfolio, sharpening the company's strategic focus for accelerated growth. The company has completed its acquisition of Smith Mountain Industries for $100MM. $NWL also agreed to its Rubbermaid consumer storage totes business to United Solutions.

$NWL {{ '2016-12-12T12:30:44+0000' | timeago}} • Announcement

$NWL has agreed to acquire New Zealand-based Sistema Plastics for $470MM and Smith Mountain Industries, owner of the WoodWick Candle brand, for $100MM. The Sistema deal is expected to close in 2Q17, while the WoodWick Candle deal will close in 1Q17. Both deals will be funded from cash on hand and are expected to be accretive to normalized earnings.

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