Newell Rubbermaid (NWL) Tops Q2 EPS by 6c
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Newell Brands Announces Strong Second Quarter Results
July 29, 2016 6:30 AM EDT
Net Sales Growth of 147.2%
Core Sales Growth of 5.0%
Deleveraging
on Track
Reaffirms 2016 Guidance
Second Quarter 2016 Executive Summary
Net sales growth of 147.2 percent to $3.86 billion; core sales growth of 5.0 percent
$0.30 reported diluted earnings per share compared with $0.55 in the prior year, largely attributable to the income contribution from the acquired Jarden businesses, strong income growth on the legacy Newell Rubbermaid businesses, and a $161.0 million gain on the sale of the Levolor® and Kirsch® window coverings (Décor) business, more than offset by higher share count and expenses related to the Jarden transaction, including the inventory... More
