Newell Brands reports Q2 normalized EPS 24c, consensus 24c

Reports Q2 revenue $1.94B, consensus $1.95B. Chris Peterson, Newell Brands (NWL) president and CEO, said, “As part of our journey to become a world class consumer products company, we took another important step forward by delivering net sales, core sales, normalized operating margin and normalized EPS all within the guidance ranges we provided last quarter. In a challenging macroeconomic environment, our team has demonstrated tremendous agility and our strategy gives us confidence that we are on the right track to continue to improve our rate of core sales growth, drive margin improvement and generate strong cash flow.”