Loading...
•
Dec 31, 2023
Newell Brands Q4 2023 Earnings Report
Announced fourth quarter and full year 2023 results, with Q4 net sales and core sales declining by 9%. Gross margin and operating margin improved versus the prior year. Full year operating cash flow increased significantly.
Key Takeaways
Newell Brands reported a 9.1% decrease in net sales to $2.1 billion for Q4 2023, with core sales declining by 9.3%. Despite the sales decline, the company improved its gross margin to 29.9% and normalized operating margin to 7.7%. The company reported a net loss of $86 million, or $0.21 loss per share, but normalized diluted earnings per share were $0.22.
Net sales decreased by 9.1% to $2.1 billion, with core sales down 9.3%.
Reported gross margin increased to 29.9%, and normalized gross margin reached 32.3%.
Reported operating margin was negative 0.5%, while normalized operating margin improved to 7.7%.
Reported diluted loss per share was $0.21, but normalized diluted earnings per share were $0.22.
Newell Brands
Newell Brands
Newell Brands Revenue by Segment
Revenue by Segment
Home & Commercial Revenue
CapyFin.comLearning & Dev Revenue
CapyFin.comOutdoor & Recreation Revenue
CapyFin.com Forward Guidance
The company initiated its full year 2024 outlook for net sales decline of 8 percent to 5 percent and normalized earnings per share of $0.52 to $0.62.
Revenue & Expenses
Visualization of income flow from segment revenue to net income