Newell Rubbermaid (NWL) Sees Normalized EPS up 6% - 9% in FY16 - 17
Tweet
Share
E-mail
Get Alerts NWL Hot Sheet
Revenue Growth %: -9.4%
Financial Fact:
NET INCOME: 186.5M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Newell Rubbermaid (NYSE: NWL) sees normalized EPS up 6 to 9 percent and sees core sales up over 4 percent in FY16 - 17.
On Monday night, Newell Rubbermaid announced it will reaffirm its outlook for fiscal years 2015 and 2016, as provided in its third quarter 2015 earnings press release dated October 30, 2015, during its presentation tomorrow at the Morgan Stanley Global Consumer & Retail Conference.
Newell Rubbermaid is reaffirming its full year 2015 guidance as follows:
2015 Outlook | |||||
| Core sales growth | 5.0% to 5.5% | ||||
| Currency | (5.5%) to (6.0%) | ||||
| Acquisitions net of planned/completed divestitures | |||||
| 3.5% to 4.0% | |||||
| Net sales growth | 3.0% to 3.5% | ||||
| Normalized EPS | $2.14 to $2.20 | ||||
Newell Rubbermaid is reaffirming its full year 2016 guidance as follows:
| 2016 Outlook | 2016 Outlook | ||||||||
Including Venezuela | Excluding Venezuela | ||||||||
| Core sales growth | 5.0% to 6.0% | 4.0% to 5.0% | |||||||
| Currency | (2.0%) to (3.0%) | (1.0%) to (2.0%) | |||||||
Acquisitions net of planned/completed divestitures | |||||||||
| (0.5%) to 0.5% | (0.5%) to 0.5% | ||||||||
| Net sales growth | 2.5% to 3.5% | 2.5% to 3.5% | |||||||
| Normalized EPS | $2.35 to $2.44 | $2.21 to $2.30 | |||||||
A reconciliation of the 2015 earnings outlook is as follows:
| Year Ending | |||||
December 31, 2015 | |||||
| Diluted earnings per share | $1.59 to $1.65 | ||||
| Graco product recall | $0.03 | ||||
| Restructuring and other Project Renewal costs | $0.35 to $0.45 | ||||
| Acquisition and integration costs | $0.01 | ||||
| Devaluation of the Venezuelan Bolivar | $0.02 | ||||
| Pension settlement charge | $0.08 to $0.10 | ||||
| Discontinued operations | $(0.01) to $0.01 | ||||
| Normalized earnings per share | $2.14 to $2.20 | ||||
A reconciliation of the 2016 earnings outlook is as follows:
| Year Ending | |||||
Including Venezuela | December 31, 2016 | ||||
| Diluted earnings per share | $1.95 to $2.04 | ||||
| Restructuring and other Project Renewal costs | $0.35 to $0.45 | ||||
| Normalized earnings per share | $2.35 to $2.44 | ||||
| Year Ending | |||||
Excluding Venezuela | December 31, 2016 | ||||
| Diluted earnings per share | $1.81 to $1.90 | ||||
| Restructuring and other Project Renewal costs | $0.35 to $0.45 | ||||
| Normalized earnings per share | $2.21 to $2.30 | ||||
President and Chief Executive Officer Michael Polk will present Tuesday, November 17, at 8:00 a.m. ET. The presentation will be webcast live and may be accessed through Events & Presentations in the Investor Relations section of the Newell Rubbermaid website at www.newellrubbermaid.com. The webcast will be archived and available for replay.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
- Kiniksa Pharmaceuticals, Ltd. (KNSA) Misses Q1 EPS by 11c; raises guidance
- Eos Energy Enterprises (EOSE) Provides Business Update
Create E-mail Alert Related Categories
GuidanceRelated Entities
Morgan Stanley, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
