Newell Brands (NWL) reported third quarter net income of $21 million compared with a net loss of $198 million in the prior year period. Normalized net income was $70 million compared with $69 million in the prior year period. Profit per share was $0.05 compared with a loss per share of $0.48. Normalized profit per share was $0.17 compared with $0.16. Analysts on average expected the company to report profit per share of $0.18, for the quarter. Analysts' estimates typically exclude special items.
Net sales were $1.8 billion, a decline of 7.2% compared with the prior year period. Core sales declined 7.4% from last year.
The company initiated its outlook for the fourth quarter and updated outlook for the full year 2025. For the fourth quarter, the company expects: normalized EPS in a range of $0.16 to $0.20, and core sales decline in the range of 5.0% to 3.0%. For 2025, the company now expects normalized EPS in a range of $0.56 to $0.60; and core sales to decline in the range of 5.0% to 4.0%.
Shares of Newell Brands are down 8% in pre-market trade on Friday.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.