Newell Brands Announces Third Quarter 2020 Results
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Newell Brands (NWL) Tops Q3 EPS by 41c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
October 30, 2020 7:04 AM EDTNewell Brands (NASDAQ: NWL) reported Q3 EPS of $0.84, $0.41 better than the analyst estimate of $0.43. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.44 billion.
Third Quarter 2020 Executive Summary
Net sales were $2.7 billion, an increase of 5.1 percent compared with the prior year period.Core sales grew 7.2 percent compared with the prior year period. Seven of eight business units and all major regions delivered core sales growth.Reported operating margin was 13.4 percent compared with a negative 33.4 percent in the prior year period. Normalized operating margin was 14.9 percent... More