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Newell Brands Q2 profit climbs YOY


According to Market Intelligence, February 2023


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Newell Brands Q2 profit climbs YOY

Newell Brands Inc. said its second-quarter normalized net income came to 53 cents per share, compared with the S&P Capital IQ consensus estimate of 62 cents per share.

EPS increased year over year from 51 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $144.4 million, a gain from $141.8 million in the prior-year period.

The normalized profit margin fell to 9.1% from 9.4% in the year-earlier period.

Total revenue rose on an annual basis to $1.56 billion from $1.50 billion, and total operating expenses climbed on an annual basis to $1.31 billion from $1.26 billion.

Reported net income totaled $149.4 million, or 55 cents per share, compared to $148.2 million, or 53 cents per share, in the prior-year period.