Newell Brands reported a 4.3% increase in net sales to $2.8 billion, with core sales growing by 5.8%. The company's reported diluted EPS was $0.22, while normalized diluted EPS reached $0.42. Effective cost management and inflation mitigation drove operating profit above expectations.
Net sales increased by 4.3% to $2.8 billion, with core sales up by 5.8%.
Reported diluted earnings per share (EPS) were $0.22, and normalized diluted EPS was $0.42.
Operating margin was 6.0% as reported, and normalized operating margin was 9.9%.
The company's leverage ratio improved to 3.0x at the end of 2021.
For 2022, Newell Brands forecasts core sales growth of flat to 2 percent, normalized operating margin expansion of 50 to 80 basis points, and normalized diluted EPS of $1.85 to $1.93.
Visualization of income flow from segment revenue to net income