newell rubbermaid inc (NWL) Key Developments
Newell Rubbermaid Inc. Reaffirms Earnings Guidance for the Fiscal Year 2015
Feb 17 15
Newell Rubbermaid Inc. reaffirmed earnings guidance for the fiscal year 2015. For the year, the company continues to see net sales growth of 3% - 4% from the prior year's revenue of $5.73 billion, which calculates to a guidance range of $5.9 billion - $5.96 billion. It continues to expect normalized EPS of $2.10 - $2.18, which excludes Project Renewal restructuring and restructuring-related charges and other project costs.
Newell Rubbermaid Seeks Acquisitions
Feb 14 15
Michael Polk, President and Chief Executive Officer of Newell Rubbermaid Inc. (NYSE:NWL) said, "Our strengthened growth outlook, increased margins and the cash generative nature of our business give us the continued flexibility to invest in the business for strengthened performance, execute our share repurchase program, pursue strategic acquisitions and maintain the dividend in our target dividend payout ratio range of 30 to 35 percent."
Newell Rubbermaid Declares Quarterly Dividend, Payable on March 13, 2015
Feb 12 15
Newell Rubbermaid announced that its Board of Directors declared a 12% increase in its quarterly dividend from $0.17 per share to $0.19 per share. The dividend is payable on March 13, 2015 to common stockholders of record at the close of business on February 27, 2015.
Newell Rubbermaid Appoints John Stipancich as Executive Vice President and Chief Financial Officer
Feb 12 15
Newell Rubbermaid announced that John Stipancich, 46, has been appointed Executive Vice President and Chief Financial Officer. As chief financial officer, Stipancich will be responsible for external reporting, financial planning and analysis, treasury, internal audit, risk management, information technology and investor relations. He will continue to report to President and Chief Executive Officer Michael Polk. Stipancich joined Newell Rubbermaid in 2004. He most recently served as Executive Vice President, General Counsel and Corporate Secretary and Executive Leader of the company's operations in Europe, Middle East and Africa. As Executive Leader of the company's EMEA operations, Stipancich guided the successful transformation of the company's business in the region, more than doubling its profitability and positioning the portfolio for future growth. Since August 2014, Stipancich has served as Interim Chief Financial Officer. Before joining the company, Stipancich held senior positions with two former Kohlberg Kravis Roberts & Co. portfolio companies.
Newell Rubbermaid Inc. Presents at Consumer Analyst Group of New York Conference, Feb-17-2015 10:30 AM
Feb 10 15
Newell Rubbermaid Inc. Presents at Consumer Analyst Group of New York Conference, Feb-17-2015 10:30 AM. Venue: Boca Raton Resort & Club, New York, New York, United States. Speakers: Michael B. Polk, Chief Executive Officer, President and Director.