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Newell Rubbermaid Inc. Message Board

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  • Reply to

    News

    by drmicrocaps Jan 5, 2012 8:24 PM

    Newell Rubbermaid Announces Completion of Ignite Holdings Acquisition

    Newell Rubbermaid September 4, 2014 1:15 PMGlobeNewswire

    ATLANTA, Sept. 4, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) today completed its acquisition of Ignite Holdings, LLC from North Castle Partners and its co-investors. Ignite, a leading designer and marketer of durable beverage containers sold under the Contigo(R) and Avex(R) brands, is expected to deliver more than $125 million of net sales in 2014. The acquisition is expected to be accretive to Newell Rubbermaid's growth rate, normalized operating income margin and normalized EPS in the first year. Newell Rubbermaid plans to reinvest a portion of Ignite's profitability to more aggressively build the Contigo and Avex brands.

    "We are excited to welcome the Ignite team to Newell Rubbermaid, and we are confident that the addition of the Contigo and Avex brands will accelerate sales growth and further strengthen our commitment to creating a brand and innovation led company, famous for design and product performance," said Michael Polk, Newell Rubbermaid President and CEO.

    About Newell Rubbermaid

    Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

    This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.


    This news release contains forward-looking information based on managemen

    Sentiment: Buy

  • Reply to

    Undecided

    by hacksawgary10 Aug 14, 2014 9:38 AM

    I added this stock to my 401K when it took a dive years ago as I worked for Newell before they moved to Mexicali. No longer working for them but still holding stock in my now IRA. In at $6.00 a share.

  • Reply to

    News

    by drmicrocaps Jan 5, 2012 8:24 PM

    Newell Rubbermaid Announces Chief Financial Officer Doug Martin Leaving the Company

    Newell Rubbermaid
    ATLANTA, Aug. 14, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) announced today that Doug Martin, Executive Vice President and Chief Financial Officer, has resigned from the company effective August 31, 2014 to accept a senior leadership position with another company. Newell Rubbermaid has retained Spencer Stuart to help identify a new Chief Financial Officer. While that search is underway, John Stipancich, the company's Executive Vice President, General Counsel, Corporate Secretary and EMEA Leader, has been named the company's Interim Chief Financial Officer.

    Michael Polk, President and Chief Executive Officer, commented, "On behalf of the Board of Directors and the entire company, I want to thank Doug for his invaluable contributions and leadership over twenty-seven years of service with Newell Rubbermaid. During the last two years as Chief Financial Officer, Doug has been instrumental in driving the Growth Game Plan into action. I know Doug and his family are excited by returning home to their extended family in the Midwest and I wish him continued success in his future endeavors. Doug leaves us with an experienced financial team that will ensure a seamless transition while we search for a successor. John Stipancich has agreed to broaden his role and serve as Interim CFO during the leadership transition period."

    Mr. Stipancich, a ten year veteran of Newell Rubbermaid, is a member of the company's Executive Leadership Team. He currently has operating responsibility for the company's business operations in Europe, the Middle East and Africa, and the company's global legal functions. Prior to joining Newell Rubbermaid, he held executive positions with Evenflo Co., Inc. and Borden, Inc., both former Kohlberg Kravis Roberts & Co. portfolio companies.

    Sentiment: Buy

  • This stock continues to go up, which is great. This company has good margins and great brands. The problem lies with the wasteful spending. I bought at $22.00 and sold at $30.00. I'm having a hard time not buying more, I think this stock should be at $45 but it's being dragged down by stupid spending and outrageous expense accounts.

    Sentiment: Hold

  • Reply to

    "Whisper Number"

    by drmicrocaps Oct 23, 2012 2:47 PM

    6:40 am Newell Rubbermaid beats by $0.04, reports revs in-line; reaffirms FY14 EPS guidance (NWL) : Reports Q2 (Jun) earnings of $0.59 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.55; revenues rose 3.1% year/year to $1.52 bln vs the $1.51 bln consensus.

    Sentiment: Buy

  • Reply to

    2nd Quarter Results

    by drmicrocaps Jul 27, 2012 1:15 PM

    Newell Rubbermaid Announces Strong Second Quarter Results
    GlobeNewswire Newell Rubbermaid
    4 hours ago
    4.6% Core Sales Growth and Normalized EPS of $0.59
    3.1% Net Sales Growth and Reported EPS of $0.54
    Reaffirms Full Year Guidance
    Second Quarter Executive Summary

    3.1 percent net sales growth; 4.6 percent core sales growth, excluding foreign currency
    40.0 percent reported gross margin; 40.3 percent normalized gross margin
    14.0 percent reported operating margin; 15.8 percent normalized operating margin
    $0.54 reported EPS, up 45.9 percent versus prior year; $0.59 normalized EPS, up 18.0 percent versus prior year
    Significantly increased advertising investment to build brands and support new innovation
    Repurchased 3.9 million shares at a cost of $114.3 million
    Agreed to acquire Ignite Holdings, LLC, a leading designer and marketer of on-the-go beverage containers under the Contigo(R) and Avex(R) brands
    ATLANTA, July 31, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) today announced its second quarter 2014 financial results.

    "We have delivered very strong second quarter results across all key metrics," said Michael Polk, Newell Rubbermaid's President and Chief Executive Officer. "Outstanding top line performance in Writing, Tools and Commercial Products drove core sales growth of 4.6 percent. Normalized gross margin increased to 40.3 percent driven by pricing, productivity and positive mix. Normalized operating margin increased to 15.8 percent despite more than doubling our investment in advertising, and normalized EPS increased 18 percent to $0.59. These strong results give us increased confidence that our strategy of accelerating advertising and promotion in support of our brands is working. In fact, we now believe we are tracking toward the high end of our normalized EPS guidance range of $1.94 to $2.00 for the full year.

    Sentiment: Buy

  • Reply to

    2nd Quarter Results

    by drmicrocaps Jul 27, 2012 1:15 PM

    Newell Rubbermaid to Acquire Contigo(R) and Avex(R) Beverage Container Brands
    First Significant Acquisition Since 2008
    GlobeNewswire Newell Rubbermaid
    July 21, 2014 9:29 AM
    ATLANTA, July 21, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) has signed a definitive agreement to acquire Ignite Holdings, LLC ("Ignite") from North Castle Partners, a leading private equity firm focused on consumer businesses that promote healthy, active and sustainable living.

    Ignite is a leading designer and marketer of durable beverage containers sold under the Contigo and Avex brands. Ignite is expected to deliver $125 million of net sales in 2014 and has a strong growth track record in the on-the-go thermal and hydration beverage containers market, achieving a historical four year sales CAGR of 35 percent. The purchase price is $308 million, subject to customary working capital adjustments. The acquisition is expected to be accretive to Newell Rubbermaid's growth rate, normalized operating income margin and normalized EPS in the first year. Newell Rubbermaid plans to reinvest a portion of Ignite's profitability to more aggressively build the Contigo and Avex brands.

    Newell Rubbermaid President and CEO Michael Polk said, "Ignite has a great track record of growth, establishing a leading share position in two of the fastest growing consumer durable categories in North America. Their commitment to leverage great design to deliver differentiated products is evident in their results. The acquisition of Ignite marks the next step in the Growth Game Plan as we transform Newell Rubbermaid into a larger, faster growing, more global and more profitable company."

    The acquired business will become part of the Home Solutions segment with Contigo and Avex joining the company's Rubbermaid(R), Calphalon(R), Goody(R) and Levolor(R) brands.

    "Ignite's focus on design, product performance and constant innovation is a seamless fit with our Growth Game Plan strategy,"

    Sentiment: Buy

  • Reply to

    2nd Quarter Results will be announced

    by drmicrocaps Jul 20, 2011 9:38 PM

    Newell Rubbermaid to Webcast Second Quarter 2014 Earnings Results
    GlobeNewswire Newell Rubbermaid
    3 hours ago
    ATLANTA, July 10, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) today announced its second quarter 2014 earnings results will be released Thursday, July 31, prior to market open and will be followed by a live webcast at 8:00 a.m. ET. To listen to the webcast, please visit Events & Presentations in the Investor Relations section of Newell Rubbermaid's Web site. The live webcast will be recorded and made available for replay.

    About Newell Rubbermaid

    Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of approximately $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

    Contact:
    Nancy O'Donnell
    Vice President, Investor Relations
    +1 (770) 418-7723
    David Doolittle
    Vice President, Global Communications
    +1 (770) 418-7519 Search FinanceSearch Web
    Steven AvatarSteven

    Sentiment: Buy

  • Reply to

    News

    by drmicrocaps Jan 5, 2012 8:24 PM

    Newell Rubbermaid to Reaffirm Fiscal Year 2014 Outlook at Deutsche Bank Global Consumer Conference
    GlobeNewswire Newell Rubbermaid
    June 16, 2014 4:30 PM
    ATLANTA, June 16, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) announced it will reaffirm its fiscal year 2014 outlook, as provided in its first quarter 2014 earnings press release dated May 2, 2014, during its presentation tomorrow at the Deutsche Bank Global Consumer Conference in Paris, France.

    Newell Rubbermaid is reaffirming its full year 2014 guidance as follows:

    Core sales growth of 3 to 4 percent
    Normalized operating margin improvement of up to 40 basis points
    Normalized EPS of $1.94 to $2.00
    Operating cash flow between $600 and $650 million
    A reconciliation of the 2014 earnings outlook is as follows:

    FY 2014

    Diluted earnings per share $1.50 to $1.56
    Restructuring and restructuring-related costs $0.29 to $0.37
    Costs associated with harness buckle recall $0.02
    Currency devaluation - Venezuela $0.09

    Normalized EPS $1.94 to $2.00
    President and Chief Executive Officer Michael Polk will present June 17, 2014 at 4:30 a.m. EDT (10:30 a.m. CEST). The presentation will be webcast live and may be accessed through Events & Presentations in the Investor Relations section of the Newell Rubbermaid website. The webcast will be archived and available for replay.

    Non-GAAP Financial Measures

    This release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission and includes a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

    The company uses certain financial measures that are included in this press release both in explaining its results to stockholders and the investment community and in its internal evaluation and management of its businesses.

    Sentiment: Buy

NWL
34.23-0.14(-0.41%)Sep 12 4:02 PMEDT

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