Newell Brands Q3 Earnings: Margins Hit Highest Levels Since 2020, Boosts 2024 EPS Outlook & More

Newell Brands Inc. (NASDAQ:NWL) shares are trading higher after the company reported third-quarter financial results and raised its 2024 EPS guidance.

The company reported adjusted earnings per share of 16 cents, in line with the street view. Normalized diluted earnings per share included a negative 2 cents impact associated with a company’s normalization practice change.

Quarterly sales of $1.947 billion (down 4.9%) missed the analyst consensus estimate of $1.958 billion.

Pricing in international markets to offset inflation and currency movements was a meaningful contributor to the company’s core sales performance.

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