Newell Rubbermaid Inc. (NWL) reported that its fourth-quarter net income controlling interests was $60.6 million or $0.20 per share, compared to a loss of $256.7 million or $0.92 per share, in the fourth quarter 2008.
Normalized earnings controlling interests were $75.7 million or $0.27 per share, compared to $29.4 million or $0.11 per share in the fourth quarter 2008. Analysts polled by Thomson Reuters expected the company to report earnings of $0.27 per share. Analysts' estimates typically exclude special items.
Net sales declined 2% to $1.42 billion, from $1.45 billion in the prior year quarter. Ten analysts had consensus revenue estimate of $1.41 billion for the quarter.
The company expects core sales to increase in the low single digits in 2010, along with a two percent decline from planned product exits and a slightly positive impact from foreign currency.
The company expects normalized earnings of $1.35 to $1.45 per share, which includes an estimated $0.04 to $0.05 negative impact from the devaluation of the Venezuelan bolivar. Earnings per share are expected to be in the range of $1.15 to $1.25 for fiscal 2010.
Analysts expect the company to report earnings of $1.47 per share on revenues of $5.68 billion for fiscal 2010. Analysts' estimates typically exclude special items.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.