Newell Brands (NWL) Tops Q1 EPS by 8c
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Newell Brands Announces Details of Transformation Plan and First Quarter 2018 Results
May 4, 2018 6:30 AM EDTAccelerated Transformation Plan Expanded to Include Jostens and Pure Fishing
Expanded Plan to Generate ~$10 Billion in After-Tax Proceeds
Announces Definitive Agreement to Sell Waddington for $2.3 Billion
Reported EPS $0.11; Normalized EPS $0.34
Reaffirmed 2018 Full Year Net Sales and Normalized EPS Guidance Range
HOBOKEN, N.J.--(BUSINESS WIRE)-- Newell Brands (NYSE: NWL) today announced the expansion of its Accelerated Transformation Plan, adding Jostens and Pure Fishing to the list of potential divestitures previously announced. The company also announced the... More
Newell Brands Announces Agreement to Sell The Waddington Group to Novolex
May 4, 2018 6:15 AM EDTHOBOKEN, N.J.--(BUSINESS WIRE)-- Newell Brands Inc. (NYSE: NWL) announced today that it has signed a definitive agreement to sell The Waddington Group, its global consumer and commercial package manufacturing business, to Novolex Holdings, LLC, a leading provider of paper and plastic packaging products backed by The Carlyle Group. The Waddington Group, based in Covington, KY, comprises a global brand portfolio including Eco-Products, the leader in the green packaging space; POLAR PAK® containers, serving ware, drink-ware and cutlery; WNA upscale disposable plastic products; and other industry-leading brands.
The sale is part of Newell... More
