UPDATE 1-Newell Brands cuts profit forecast as Harvey hits resin supplies [Reuters]
Newell Brands Inc. (NWL)
Last newell brands inc. earnings: 5/1 07:30 am
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Source: Reuters
UPDATE 1-Newell Brands cuts profit forecast as Harvey hits resin supplies | Reuters Reuters Staff 2 Min Read (Adds details) Sept 6 (Reuters) - Sharpie maker Newell Brands Inc cut its adjusted profit forecast for 2017 as Hurricane Harvey hit its resin suppliers and pushed up the company’s costs to find other suppliers. Newell is among the first U.S. companies to cut its forecast due to Hurricane Harvey, which made its landfall on Aug. 25 and became the most powerful hurricane to hit Texas in more than half a century. Newell said nearly all of its resin suppliers with facilities in Texas and Louisiana had declared force majeure and shut many plants for more than a week, with some still not opened. The company said it now expects a full-year adjusted profit of $2.95 to $3.05 per share, down from its previous forecast of $3.00 to $3.20. Newell, which uses resins to make products such as cabinets and garbage containers, left its sales forecast unchanged. Newell said it now expects the resi
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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