NEWELL BRANDS INC. (NWL) Form 10-Q — Oct 30, 2026
Newell Brands reported Q3 2026 net sales of $1,873 million, up 3.7% year over year, but swung to a net loss of $81 million (diluted EPS of -$0.19) versus $21 million of net income a year ago. The loss was driven primarily by a $101 million non-cash impairment of an indefinite-lived tradename in the Home and Commercial Solutions segment, where forecasted cash flows were revised down on higher operating costs and rising interest rates. Nine-month net sales rose 2.1% to $5,416 million with gross margin expanding to 36.4%, aided by roughly $100 million of IEEPA tariff refunds recognized, and the company received about $107 million of tariff refund cash during the quarter.
Key figures
- Revenue
- 1873
- Total Debt
- 4841
- Revenue Yoy
- 3.7% (Q3)
- Total Assets
- 10928
- Cash Position
- 249
- Shares Outstanding
- 426000000
- Abl facility
- $800 million asset-based revolving credit facility maturing July 2031
- Discount rate
- 11.5% for impaired tradename
- Q3 gross margin
- 34.7% vs 34.1%
- Impairment charge
- $101 million (indefinite-lived tradename, H&CS segment)
- Q3 2025 net sales
- $1,806 million
- Q3 2026 net sales
- $1,873 million
- Nine month net loss
- $(8) million
- Q3 operating income
- $27 million vs $119 million (-77.3%)
- Nine month net sales
- $5,416 million (+2.1%)
- 2027 notes redemption
- ~$508 million total consideration
- Nine month gross margin
- 36.4% vs 34.0%
- Senior notes 2031 issuance
- $600 million of 6.250% notes due 2031
- Goodwill fair value headroom
- Commercial reporting unit goodwill and certain tradenames within 10% of carrying value
- Ieepa tariff refunds received
- ~$107 million in Q3
AI analysis
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