Newell Brands (NASDAQ: NWL) reported Q2 EPS of $0.36, $0.14 better than the analyst estimate of $0.22. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.04 billion.

GUIDANCE:

Newell Brands sees Q3 2024 EPS of $0.14-$0.17, versus the consensus of $0.20.

Newell Brands sees FY2024 EPS of $0.60-$0.65, versus the consensus of $0.60.

Outlook for Third Quarter and Full Year 2024

The company initiated its outlook for third quarter 2024 and raised its full year 2024 outlook.

			Q3 2024 Outlook
Net Sales			6% to 4% decline
Core Sales			2% decline to flat
Normalized Operating Margin			8.3% to 8.8%
Normalized EPS			$0.14 to $0.17
			Previous Full Year 2024 Outlook			Updated Full Year 2024 Outlook
Net Sales			8% to 5% decline			7% to 6% decline
Core Sales			6% to 3% decline			4% to 3% decline
Normalized Operating Margin			7.8% to 8.2%			8.0% to 8.2%
Normalized EPS			$0.52 to $0.62			$0.60 to $0.65

The company also increased its outlook for full year 2024 operating cash flow to $450 million to $550 million from the previous range of $400 million to $500 million. The operating cash flow outlook continues to assume approximately $150 million to $200 million in cash payments associated with restructuring and related initiatives.

For earnings history and earnings-related data on Newell Brands (NWL) click here.