newell rubbermaid inc (NWL) Key Developments
Newell Rubbermaid Reaffirms Earnings Guidance for the Full Year of Fiscal 2015
Jun 8 15
Newell Rubbermaid reaffirmed earnings guidance for the full year of fiscal 2015. For the year, the company expects to report core sales growth between 3.5% and 4.5%, net sales growth between 4.0% and 5.0%, normalized EPS between 3.0% and 4.0% or $2.10 and $2.18, diluted earnings per share between $1.73 and $1.81.
Newell Rubbermaid Inc. Presents at Deutsche Bank db Access Global Consumer Conference 2015, Jun-09-2015 08:30 AM
Jun 2 15
Newell Rubbermaid Inc. Presents at Deutsche Bank db Access Global Consumer Conference 2015, Jun-09-2015 08:30 AM. Venue: Paris, France. Speakers: Michael B. Polk, Chief Executive Officer, President and Director.
Newell Rubbermaid Inc. Announces Executive Changes, Effective June 1, 2015
May 19 15
On May 13, 2015, Newell Rubbermaid Inc. appointed Scott H. Garber as the company's Corporate Controller and Chief Accounting Officer effective June 1, 2015. Mr. Garber previously served as the company's Vice President, Assistant Corporate Controller since 2008. The company also appointed the company's current Vice President, Corporate Controller and Chief Accounting Officer, John B. Ellis, as the company's Vice President, Treasurer and Finance Operations effective June 1, 2015. Mr. Ellis joined the company in 2003 and has served in various finance positions of increasing responsibility.
Newell Rubbermaid Declares Dividend on Common Stock, Payable June 15, 2015
May 14 15
Newell Rubbermaid announced the declaration of a quarterly cash dividend of $0.19 per share. The dividend is payable June 15, 2015 to common stockholders of record at the close of business on May 29, 2015.
Newell Rubbermaid Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015
May 1 15
Newell Rubbermaid Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $1,264.0 million against $1,214.3 million a year ago. Operating income was $98.2 million against $104.7 million a year ago. Income before income taxes was $78.9 million against $50.3 million a year ago. Net income from continuing operations was $56.9 million against $51.8 million a year ago. Net income was $54.1 million against $52.9 million a year ago. Basic and diluted earnings per share from continuing operations were $0.21 against $0.18 per share a year ago. Net cash used in operating activities was $154.3 million against $92.1 million a year ago. Capital expenditure was $50.9 million against $31.9 million a year ago. Normalized EPS was $0.36, $0.02 ahead of consensus and 5.9% ahead of prior year. The company achieved this normalized EPS growth despite having to overcome the negative impacts of about $0.08 due to foreign currency and $0.04 due to the absence of prior year discrete benefits in tax rate. First quarter growth was broad based with core sales growth in all 5 segments.
For the year ending December 31, 2015, the company expects diluted earnings per share range from $1.63 to $1.81 per share. The company still expects full year normalized 2015 tax rate to be around 24%. The company reaffirmed 2015 full year guidance of 3.5% to 4.5% core sales growth and normalized EPS of $2.10 to $2.18.