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Dec 31, 2019
Newell Brands Q4 2019 Earnings Report
Reported net and core sales, EPS, and operating cash flow exceeded expectations, and full-year operating cash flow surpassed $1 billion.
Key Takeaways
Newell Brands announced its Q4 and full year 2019 financial results. Net sales were $2.6 billion, a decline of 3.1 percent compared with the prior year period and the company delivered full year operating cash flow of More Than $1 Billion.
Net sales were $2.6 billion, a decline of 3.1 percent compared with the prior year period.
Core sales declined 1.5 percent compared with the prior year period. Core sales increased at four of eight business units compared with the prior year period.
Reported diluted earnings per share for the total company were $1.87 compared with $0.41 in the prior year period, largely attributable to a more favorable tax benefit compared to the prior year period.
Full year 2019 operating cash flow was $1.0 billion, compared with $680 million in the prior year, reflecting strong working capital progress, which more than offset the foregone contribution from divested businesses.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company initiated its 2020 full year outlook for normalized earnings per share of $1.46 to $1.56 per share and operating cash flow of $1.0 billion to $1.15 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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