Oct 30, 7:01 AM ET
Newell Brands reported third-quarter 2026 net sales of $1.9 billion, up 3.7% from a year earlier, and raised its full-year 2026 net sales outlook to 2% to 3%. The company posted a GAAP net loss of $81 million, or $0.19 per diluted share, after a $101 million non-cash impairment charge, but normalized diluted EPS rose to $0.20 from $0.17 and the normalized EPS outlook midpoint was maintained. Shareholders also face a cut to the full-year operating cash flow outlook, now about $150 million.
- Net sales were $1.9 billion (1,873 million), up 3.7%; core sales grew 3.3% in the quarter.
- GAAP operating income fell to $27 million from $119 million, including a $101 million impairment charge tied to an indefinite-lived tradename.
- Full-year 2026 net sales outlook raised to 2% to 3% from 1% to 2%; normalized EPS outlook of $0.74 to $0.76 midpoint maintained.
- Full-year operating cash flow outlook revised to approximately $150 million, reflecting a roughly $85 million accounting effect from terminating non-qualified defined benefit plans and lower receivables factoring proceeds.
Read the filing on SEC.gov ↗
Oct 20, 8:06 AM ET
Newell Brands appointed Guillermo Beade as Chief Operating Officer, effective October 26, 2026, reporting to President and CEO Chris Peterson. He will oversee global sales, central marketing and supply chain, and will join the Executive Committee. The filing sets out his base salary, bonus target and equity grant, which shareholders can review in the compensation terms.
- Effective date is October 26, 2026; Beade reports to CEO Chris Peterson
- Annual base salary of $830,000 with a target bonus of 105% of earned base salary
- Initial LTIP grant with a target value of $1.4 million, on or promptly after the effective date
- Most recently President, Consumer Brands North America at SC Johnson, from January 2024 until June 2026
Read the filing on SEC.gov ↗
Oct 2, 4:29 PM ET
Newell Brands and its special purpose subsidiary Jarden Receivables renewed their receivables purchase agreement with Royal Bank of Canada as administrative agent and signed a second amendment. The facility limit on factored receivables is set at $75 million, and the maturity is extended to October 1, 2027. The filing also raises the debt rating thresholds that set the facility's rating-based levels, which affects the terms under which the facility operates.
- Scheduled Termination Date extended to October 1, 2027
- Facility Limit on factored receivables adjusted to $75 million
- Concentration Limits increased for all Obligor groups
- Debt Rating now based on corporate rating from S&P or Moody's, with higher thresholds for Levels 1, 2 and 3
Read the filing on SEC.gov ↗
Aug 19, 4:31 PM ET
Newell Brands issued $600 million of 6.250% senior notes due 2031 on August 19, 2026, in a private offering exempt from US registration. The company plans to use the proceeds to redeem in full its 6.375% senior notes due 2027, pay related fees, and repay part of its asset-based revolving credit facility. The filing describes a refinancing of existing debt, and the new notes add $600 million of senior unsecured obligations.
- $600 million aggregate principal of 6.250% senior notes due 2031 issued August 19, 2026
- 2027 notes to be redeemed at 101.530%, or $1,015.30 per $1,000 principal, plus accrued interest, with a redemption date of August 20, 2026
- Proceeds also to repay part of the revolver under a five-year asset-based facility dated July 30, 2026
- If a change of control and ratings downgrade occur, the company must offer to repurchase the notes at 101% of principal plus accrued interest
Read the filing on SEC.gov ↗
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