Source: centralcharts

Press Release: Newell Brands : Newell Brands Announces Fourth Quarter and Full Year 2018 Results

“Newell Brands’ fourth quarter results reflect solid progress as we continue to execute the Accelerated Transformation Plan (ATP) announced one year ago,” said Michael Polk, President and Chief Executive Officer of Newell Brands. “We were encouraged by the sequential improvement in core sales growth across all segments, the return to growth of our Learning & Development segment driven by building momentum on Writing, and solid margin expansion as a result of continued diligent cost management and pricing. We returned $1.1 billion to our shareholders through dividends and share repurchases and paid down $2.6 billion in debt during the quarter, exiting the year at our targeted leverage ratio. We’ve planned 2019 to be another year of significant portfolio and organization transformation. We intend to drive the ATP to completion in 2019, and despite the ongoing negative impact of retailer bankruptcies, foreign exchange, inflation and tariffs, we expect to stabilize and then reignite core sales growth, increase margins, and strengthen the operational and financial performance of the company.”

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Based on data from Newell Brands's latest SEC filings

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Based on data from Newell Brands's latest SEC filings


Ravi Saligram's photo - President & CEO of Newell Brands

President & CEO

Ravi Saligram

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Newell Brands produces and distributes consumer goods such as kitchen appliances and household products.

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