Newell Brands narrows FY26 normalized EPS view 56c-60c from 54c-60c

Consensus 56c. Raises net sales view flat to 2% from down 1% to up 1%. The Company maintained its outlook for full year 2026 operating cash flow range of $350M to $400M. Mark Erceg, Newell Brands (NWL) Chief Financial Officer, said, “First quarter operating margin expanded year-over-year as productivity and pricing actions more than offset cost inflation and lower volume while improved operating performance, disciplined cost management and a lower effective tax rate drove normalized earnings per share in excess of our going-in expectations. Based on our first quarter over-delivery and projected sales growth over the balance of the year, we are comfortable raising our full year estimates for net sales, core sales and earnings per share.”