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Jun 30, 2021
Newell Brands Q2 2021 Earnings Report
Reported strong top and bottom line results driven by strategic vision and agile execution.
Key Takeaways
Newell Brands reported strong Q2 2021 results with net sales of $2.7 billion, a 28.3% increase compared to the prior year period. Diluted EPS was $0.46, and normalized diluted EPS was $0.56. The company updated its full year 2021 outlook, expecting core sales to increase 7 to 10 percent.
Net sales increased by 28.3% to $2.7 billion compared to the prior year.
Core sales grew by 25.4% compared to the prior year, with growth in every business unit and major region.
Reported operating margin was 11.3%, an increase from 7.7% in the prior year period.
Normalized diluted earnings per share were $0.56, compared to $0.30 in the prior year period.
Revenue by Segment
Forward Guidance
The company updated its full year outlook for 2021 and initiated its third quarter 2021 guidance.
Positive Outlook
- Full year net sales outlook raised to $10.1 billion to $10.35 billion from $9.9 billion to $10.1 billion.
- Core sales are expected to grow by 7% to 10%.
- Operating cash flow is projected to be approximately $1.0 billion.
- Q3 2021 Net Sales are expected to be $2.7 to $2.78 billion
- Q3 2021 Core Sales are expected to grow flat to 3%
Challenges Ahead
- Normalized operating margin for the full year is expected to be ~11.1%.
- Full year normalized earnings per share outlook remains unchanged at $1.63 to $1.73.
- Q3 2021 Normalized Operating Margin is expected to be 10.3% to 10.8%
- Q3 2021 Normalized EPS is expected to be $0.46 to $0.50
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
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