Newell Brands' Turnaround Efforts Falling Short [The Motley Fool]
Newell Brands Inc. (NWL)
Last newell brands inc. earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
ir.newellbrands.com/investor-relations/default.aspx
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Source: The Motley Fool
Newell Brands ( NASDAQ:NWL Data by YCharts The deal added a bunch of well-known brands such as Coleman, First Alert, and Yankee Candle to Newell's Paper Mate, Sharpie, and Graco, among others. Obviously, this did not have the intended effect on profitability, and the situation has attracted activist investor Carl Icahn, who gained board representation, and Starboard Value. There have been several steps taken by the company, including asset sales and a new CEO. Ravi Saligram, who has a history of turning around operations, took the helm in October. I appreciate the board recognizing the urgency of the situation, but turnarounds are risky, leaving investors questioning how much success the company will have from these efforts. Addressing costs In 08, management announced that it would expand its Accelerated Transformation Plan. This includes divesting assets and shrinking headcount. After increasing the company's size, including acquiring Rubbermaid in 999 and the more recent Jarden de
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NWL
News
- Sharpie® Embarks on "The World Is Your Canvas" Tour to Empower Creativity NationwidePR Newswire
- Sharpie® S-Gel Pens Put Rookies of the Year, Michael Penix Jr. and Rome Odunze, Through a Signature Combine to Train for Signing their Pro Contracts [Yahoo! Finance]Yahoo! Finance
- Newell Brands to Webcast First Quarter 2024 Earnings ResultsBusiness Wire
- Floor Pad Market Size to Grow USD 159 Million by 2030 at a CAGR of 6% | Valuates Reports [Yahoo! Finance]Yahoo! Finance
- Global Scented Candles Market Size To Worth USD 4.75 Billion By 2033 | CAGR of 3.9% [Yahoo! Finance]Yahoo! Finance
NWL
Earnings
- 2/9/24 - Beat
NWL
Sec Filings
- 3/27/24 - Form ARS
- 3/27/24 - Form DEFA14A
- 3/27/24 - Form 3
- NWL's page on the SEC website