Newell Brands (NWL) shares slide after guidance disappoints
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Newell Brands Announces Board and Chair Refreshment
February 10, 2023 8:00 AM EST
Robert Steele Will Succeed Patrick Campbell as Chairman
Gary Hu Nominated to the Board
ATLANTA--(BUSINESS WIRE)-- Newell Brands (NASDAQ: NWL) announced today a series of steps to refresh the companys Board of Directors and its leadership.
Todays announcements, in conjunction with the earlier appointment of Stephanie Stahl to the Board, demonstrate our strong commitment to succession planning, proactive refreshment of the Board, and improving the Boards diversity, said Bridget Ryan Berman, Chair of the Nominating/Governance Committee.
Patrick Campbell has served as... More
Newell Brands Announces Fourth Quarter and Full Year 2022 Results
February 10, 2023 7:03 AM EST
Q4 Net Sales Decline 18.5%; Core Sales Decline 9.4%
Q4 Diluted Loss Per Share $0.60 Including Impairment Charges
Normalized Diluted EPS $0.16
Provides Initial Outlook for Full Year 2023
ATLANTA--(BUSINESS WIRE)-- Newell Brands (NASDAQ: NWL) today announced its fourth quarter and full year 2022 financial results.
"Fourth quarter results were in line with our expectations and brought to a close a difficult second half. The business continued to be impacted by a tough operating environment, including slowing consumer demand for general merchandise categories, as well as inventory reductions at... More
