Line of Credit 
Print FormatNewell Brands Q1 Earnings Tops Estimates, Reaffirms FY22 Outlook
- Newell Brands Inc NASDAQ:NWL reported first-quarter FY22 sales growth of 4.4%, to
$2.39 billion , beating the consensus of$2.28 billion . Core sales grew 6.9%. - The Commercial Solutions segment sales increased 8.3% Y/Y to
$510 million , Home Appliances fell 5.8% to$340 million , Home Solutions declined 0.8% to$500 million , Learning & Development increased 5.3% to$650 million . - Gross margin for the quarter declined 90 basis points Y/Y to 31%, and the gross profit increased 1.2% to
$740 million . - Operating margin expanded 70 basis points to 9.1%, and operating income for the quarter rose 13% to
$217 million . - The company held
$344 million in cash and equivalents as ofMarch 31, 2022 . - Adjusted EPS of
$0.36 beat the analyst consensus of$0.27 . - Outlook: Newell sees Q2 sales of
$2.52 billion -$2.57 billion , above the consensus of$2.43 billion . - It expects Q2 EPS of
$0.45 -$0.48 , below the consensus of$0.50 . - NWL reaffirmed the FY22 outlook, with sales of
$9.93 billion -$10.13 billion versus the Street view of$10.12 billion . - It expects FY22 EPS of
$1.85 -$1.93 , against the consensus of$1.90 . - Price Action: NWL shares traded higher by 2.74% at
$23.66 on the last check Friday.
