Reports Q1 revenue $1.57B, consensus $1.54B. Chris Peterson, Newell Brands (NWL) President and CEO, said, “We had strong results in the first quarter with core sales growth, operating margin and earnings per share all in-line or better than expectations. In this dynamic environment, we remain focused on driving continued progress on our strategic choices to improve the fundamentals of the business. In addition, our decision to maintain and invest in a robust and extensive in-house domestic manufacturing base while many of our competitors outsourced or off-shored much of their production capability, positions us well to not just manage tariff related sourcing dislocations, but to ultimately benefit from them.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NWL:
- NWL Earnings this Week: How Will it Perform?
- Newell Brands price target lowered to $8 from $17 at Truist
- Newell Brands price target lowered to $12 from $14 at Canaccord
- Newell Brands price target lowered to $5.50 from $8 at UBS
- China Shrugs Off US 245% Tariff Threats, Says No Interest in “Numbers Game”