Loading...
•
Mar 31, 2022
Newell Brands Q1 2022 Earnings Report
Delivered net sales, operating profit, and EPS ahead of outlook.
Key Takeaways
Newell Brands reported a strong start to 2022, delivering a seventh consecutive quarter of core sales growth. Core sales grew by 6.9 percent, and normalized operating income increased by 10.4 percent, despite significant ongoing inflation.
Net sales were $2.4 billion, a 4.4 percent increase compared with the prior year period.
Core sales grew 6.9 percent compared with the prior year period.
Reported operating margin was 9.1 percent compared with 8.4 percent in the prior year period.
Normalized diluted earnings per share were $0.36 compared with $0.30 per share in the prior year period.
Revenue by Segment
Forward Guidance
The company initiated its outlook for second quarter 2022 and reaffirmed its full year 2022 outlook.
Positive Outlook
- Net Sales $2.52 to $2.57 billion (Q2 2022 Outlook), $9.93 to $10.13 billion (Full Year 2022 Outlook)
- Core Sales Low single digit growth (Q2 2022 Outlook), Flat to 2% growth (Full Year 2022 Outlook)
- Normalized Operating Margin 11.7% to 12.1% (Q2 2022 Outlook), 11.5% to 11.8% (Full Year 2022 Outlook)
- Normalized EPS $0.45 to $0.48 (Q2 2022 Outlook), $1.85 to $1.93 (Full Year 2022 Outlook)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...