Newell Rubbermaid (NYSE: NWL) reported Q1 EPS of $0.36, $0.02 better than the analyst estimate of $0.34. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.27 billion.

“We’ve had a strong start to the year with first quarter core sales growth of 4.7 percent and normalized earnings per share growth of 5.9 percent,” said Michael Polk, President and Chief Executive Officer. “Our Win Bigger businesses of Writing, Commercial Products and Tools grew over seven percent as a result of strong innovation, increased advertising investment and great sales execution. All five global business segments grew core sales, including North American core sales growth of five percent and net sales growth of over eleven percent, our best result in many years

“The Growth Game Plan is accelerating,” continued Polk. “We are creating advantaged brand development and innovation capabilities backed with category leading marketing investment that is transforming Newell Rubbermaid into a growth leader in our industry. These investments have been enabled by our drive to make Newell leaner and more efficient and when coupled with actions to strengthen our portfolio are yielding both growth acceleration and margin expansion. There is more opportunity ahead. Today we announced a new commitment to deliver incremental annualized overhead savings of $150 million by the end of 2017. A significant portion of these incremental savings will be invested back into the business for further growth acceleration with the balance flowing through to earnings. That is the Growth Game Plan into action.”

Newell Rubbermaid reaffirmed FY2015 guidance.

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