NASDAQ$NWL
Newell Brands Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Newell Brands' turnaround gained traction with improved sales, gross and operating margin increases, and raised full-year outlook.
Newell Brands reported a 7.8% decrease in net sales to $2.0 billion for Q2 2024, but core sales only declined by 4.2%. The company significantly improved its gross margin to 34.4% and operating margin to 8.0%. Net income increased to $45 million, with diluted earnings per share at $0.11. The company also raised its full-year 2024 outlook.
- Net sales were $2.0 billion, a 7.8% decrease compared to the prior year, with core sales declining 4.2%.
- Reported gross margin increased to 34.4% compared to 28.5% in the prior year.
- Reported operating margin increased to 8.0% compared to 5.4% in the prior year.
- Reported net income was $45 million compared to $18 million in the prior year.
Headline financials
Revenue & EPS history
Newell Brands · Revenue · Quarterly
$2.03B
Revenue by segment
Newell Brands · $925M total across 2 segments · Q3 2023
- Learning & Dev$694M-7.6%75.0%
- Outdoor & Rec$231M-20.1%25.0%
Forward guidance
The company initiated its outlook for third quarter 2024 and raised its full year 2024 outlook.
Tailwinds
- Net Sales: 6% to 4% decline
- Core Sales 2% decline to flat
- Normalized Operating Margin 8.3% to 8.8%
- Normalized EPS $0.14 to $0.17
- Operating cash flow increased to $450 million to $550 million from the previous range of $400 million to $500 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.1%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-3.0%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+38.8%
Q2 2024
Best reaction
-31.3%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.5% | +13.2% | -16.9% | |
| Q4 2025 | +2.4% | -0.2% | -6.2% | |
| Q3 2025 | -31.3% | -31.8% | -22.7% | |
| Q1 2025 | -7.5% | -1.4% | +2.5% | |
| Q4 2024 | -26.4% | -26.8% | -30.3% | |
| Q3 2024 | +32.7% | +24.9% | +27.0% | |
| Q2 2024 | +38.8% | +35.5% | +16.7% | |
| Q1 2024 | +16.0% | +11.7% | +13.3% | |
| Q4 2023 | -13.7% | -9.9% | -7.0% | |
| Q3 2023 | -5.1% | -10.4% | +1.4% | |
| Q2 2023 | +8.9% | +6.9% | +0.0% | |
| Q1 2023 | -9.0% | -15.7% | -26.5% | |
| Q4 2022 | +1.1% | +2.8% | -16.2% | |
| Q3 2022 | -11.9% | -17.9% | -14.8% | |
| Q2 2022 | -2.0% | -4.3% | -5.5% | |
| Q1 2022 | -2.6% | +1.1% | -5.0% | |
| Q4 2021 | +13.5% | +18.4% | -1.7% | |
| Q3 2021 | +8.2% | +10.7% | +3.2% | |
| Q2 2021 | -8.7% | -8.8% | -6.2% | |
| Q1 2021 | +3.0% | +5.1% | +6.3% | |
| Q4 2020 | -8.7% | -7.6% | -2.5% | |
| Q3 2020 | +12.4% | +12.2% | +25.3% | |
| Q2 2020 | -7.5% | -5.4% | -8.5% | |
| Q1 2020 | -10.7% | -15.8% | -5.3% | |
| Q4 2019 | +2.6% | +0.2% | -32.1% | |
| Q3 2019 | +10.0% | +6.1% | +1.3% | |
| Q2 2019 | +12.4% | +20.1% | +23.6% | |
| Q1 2019 | +9.1% | +6.0% | -8.4% | |
| Q4 2018 | -21.6% | -20.9% | -28.3% | |
| Q3 2018 | +20.7% | +21.9% | +41.4% | |
| Q2 2018 | -18.4% | -21.6% | -17.7% | |
| Q1 2018 | +3.3% | +1.0% | -13.4% | |
| Q4 2017 | -0.9% | -2.9% | +3.7% | |
| Q3 2017 | -25.0% | -25.2% | -23.1% | |
| Q2 2017 | -2.4% | -3.5% | -6.9% | |
| Q1 2017 | +14.0% | +13.6% | +14.1% | |
| Q4 2016 | -2.9% | +0.2% | +4.0% | |
| Q3 2016 | -4.3% | -5.1% | -3.5% | |
| Q2 2016 | +9.3% | +8.3% | +9.1% | |
| Q1 2016 | +8.7% | — | — | |
| Q4 2015 | +4.0% | — | — | |
| Q3 2015 | +1.0% | — | — | |
| Q2 2015 | +1.6% | — | — | |
| Q1 2015 | +2.8% | — | — | |
| Q4 2014 | -1.1% | — | — | |
| Q3 2014 | -2.6% | — | — | |
| Q2 2014 | +2.7% | — | — | |
| Q1 2014 | -4.2% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | +2.7% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | +2.7% | — | — | |
| Q2 2012 | +0.5% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2011 | +1.2% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2011 | -8.1% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q4 2008 | -1.7% | — | — | |
| Q4 2010 | -1.7% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q3 2009 | -1.4% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q2 2009 | +0.8% | — | — | |
| Q2 2010 | +0.8% | — | — |
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