Newell Brands (NWL) Lowers FY EPS Outlook

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Go back to Newell Brands (NWL) Lowers FY EPS Outlook

Newell Brands Revises 2017 Earnings Guidance

September 6, 2017 6:30 AM EDT

Expects Hurricane-Related Inflation to Impact U.S. Manufactured Resin-Based Businesses

Sustains Increased Investment Behind eCommerce and Brand Market Share Momentum

HOBOKEN, N.J.--(BUSINESS WIRE)-- Newell Brands (NYSE: NWL) announced today that it is updating its 2017 normalized earnings per share guidance for the anticipated effects of Hurricane Harvey on its U.S. manufactured resin businesses, including increasing inflationary pressure through the third quarter. Since Hurricane Harveys landfall on August 25, 2017, nearly all of Newell Brands resin suppliers with facilities in Texas and Louisiana... More