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.
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.