Newell Brands Announces Third Quarter 2026 Results
Newell Brands delivered a second consecutive quarter of sales growth, with Q3 net sales up 3.7% to $1.87 billion and core sales up 3.3%, and raised its full-year 2026 sales outlook. Normalized margins expanded, with normalized diluted EPS of $0.20 versus $0.17 last year and normalized EBITDA of $248 million versus $225 million, landing EPS at the high end of guidance. However, a $101 million non-cash tradename impairment drove a GAAP net loss of $81 million (-$0.19 per share), and the company cut its full-year operating cash flow outlook to approximately $150 million due to a pension-plan accounting treatment and reduced receivables factoring.
Key figures
- Revenue
- 1873000000
- Guidance
- Full-year 2026 net sales raised to +2-3% (from +1-2%), core sales +1-2% (from flat to +1%), normalized operating margin maintained at 10.0-10.4%, normalized EPS $0.74-$0.76 (midpoint maintained), Q4 normalized EPS $0.17-$0.19; FY operating cash flow revised to ~$150M
- Revenue Yoy
- 3.7%
- Cash
- 249000000
- Gross margin
- 34.7%
- Debt outstanding
- 4800000000
- Core sales growth
- 3.3%
- Impairment charge
- 101000000
- Normalized ebitda
- 248000000
- Senior notes issued
- $600M of 6.250% notes due 2031
- Normalized net income
- 86000000
- Normalized diluted eps
- 0.2
- Normalized gross margin
- 35.2%
- Ytd operating cash flow
- 93000000
- Revolving credit facility
- $800M asset-based due 2031
- Normalized operating margin
- 9.8%
AI analysis
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