Consumer goods company Newell Brands Inc. (NASDAQ: NWL) Friday reported a decrease in sales and adjusted earnings for the third quarter of 2024.
- Third-quarter net sales decreased 5% to $1.95 billion from the prior year period; core sales declined 1.7%
- The company reported a net loss of $198 million for the September quarter, compared to a loss of $218 million in the prior year period
- On a per-share basis, Q3 loss was $0.48, compared to a loss of $0.53 per share in the same period last year
- On an adjusted basis, the normalized profit was $69 million in Q3, vs. $154 million last year; normalized EBITDA increased to $250 million from $218 million in Q3 2023
- Normalized earnings per share decreased to $0.16 during the three months from $0.37 per share last year
- Year-to-date operating cash flow was $346 million, compared to $679 million in the prior year period
- For fiscal 2024, the management expects net sales to drop 7-6%
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
