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Newell Rubbermaid Inc. Message Board

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    • Newell Rubbermaid Announces Strong Fourth Quarter Results
      GlobeNewswire Newell Rubbermaid
      2 hours ago
      Core Sales Growth of 4.4% and Normalized EPS of $0.47, up +9.3%

      Reported Sales Growth of 2.9% and Reported EPS of $0.41, up +17.1%

      ATLANTA, Jan. 31, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL ) today announced its fourth quarter 2013 financial results.

      "We achieved a strong set of fourth quarter 2013 results, including the best quarterly core sales growth rate in years," Michael Polk, President and Chief Executive Officer, commented. "Our core sales grew 4.4 percent with broad based increases across all four regions and four of our five operating segments: Baby & Parenting, Commercial Products, Tools, and Writing. Our strong topline growth was driven by innovation, new distribution, and increased advertising that was fueled by overhead reductions related to Project Renewal. The topline growth, combined with solid operating margins, drove normalized EPS growth of more than nine percent to $0.47.

      "2013 was a year of great progress for Newell Rubbermaid," continued Polk. "We transformed our company's structure from a holding company of nine individual global business units to an operating company where our five business segments leverage a set of strong functional capabilities organized and led across Newell Rubbermaid as a whole. This new operating model has realigned resources from structural overhead to investment in our brands and key capabilities: marketing and insight, design, customer development and our new global supply chain.

      "As we press forward in 2014, we will drive our new operating model to speed while continuing to invest in our brands, our capabilities and our people. We remain clear that there is more work to do and there continues to be much more opportunity in front of us as we transform Newell Rubbermaid into a larger, faster growing, more profitable, and more global company."

      Sentiment: Buy

    • ..

      Newell Rubbermaid Reports Solid Fourth Quarter 2012 Results and Provides 2013 Guidance

      •Normalized EPS of $0.43, up 7.5 Percent vs. Prior Year
      •Reported EPS of $0.35, up 29.6 Percent vs. Prior Year
      Press Release: Newell Rubbermaid Inc. – 2 hours 48 minutes ago.. .
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      ATLANTA--(BUSINESS WIRE)--

      Newell Rubbermaid (NWL) today announced solid fourth quarter 2012 results.

      “We are pleased with our quarterly and full year 2012 performance,” said President and Chief Executive Officer Michael Polk. “Our solid fourth quarter financial results represent the sixth consecutive quarter of consistent delivery in line with or better than expectations. Full year normalized EPS and operating cash flow both came in above the high end of our guidance range. We increased core sales by 2.2%, a sequential improvement versus last year, and a solid outcome in the face of tough economic conditions in Europe and challenges in our Décor business. Our Win Bigger brands have healthy share momentum and we are generating strong core sales growth in emerging markets, particularly in Latin America. We also returned significant levels of cash to shareholders through our dividend, which nearly doubled in 2012 to the current annualized rate of $0.60, and our ongoing share repurchase program.”

      Polk added, “Looking ahead, we continue to be sharply focused on driving structural costs out and accelerating growth through the execution of our Growth Game Plan. The strategic changes we are making to invest behind our Win Bigger businesses will drive accelerated performance and enable us to build a bigger, faster-growing, more global and more profitable Newell Rubbermaid.”

      Executive Summary
      • Fourth quarter 2012 net sales were $1.52 billion, an increase of 1.6 percent versus prior year results.
      • Core sales, which exclude the impact of changes in foreign currency translation, grew 2.2 percent.
      • Normalized diluted earnings per share were $0.43 compared with $0.40 in the prior year period; reported diluted earnings per share were $0.35 compared with $0.27 in the year-ago period.
      • Operating cash flow in the quarter was $261.3 million. Full year 2012 operating cash flow was $618.5 million, an improvement of $57.2 million versus prior year.
      • The company returned $67.8 million to shareholders in the fourth quarter through dividends of $43.5 million and the repurchase of 1.1 million shares at a cost of $24.3 million.
      • The company strengthened its balance sheet and reduced ongoing interest expense through the early repayment of $500 million in 5.5% notes due April 2013. The debt was refinanced through the issuance of $350 million in 2.05% notes due 2017, cash on hand and short-term borrowings.
      • The company provided 2013 guidance for core sales growth in a range from 2 to 4 percent, normalized operating margin improvement of up to 20 basis points, normalized earnings per share of $1.78 to $1.84 and operating cash flow of $575 to $625 million, which includes an incremental pension plan contribution of $50 million.

      Sentiment: Buy

    • Why are NWL dividends at 5 cents a share? It should be at the very least doubled since it's been kept at 5 cents for the last two years while profits for NWL continue to swell.

 
NWL
34.41-0.10(-0.29%)Sep 30 4:01 PMEDT

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