This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Newell Rubbermaid Management Discusses Q4 2011 Results - Earnings Call Transcript

On the cost side, our efforts to unlock the Kraft capacity for growth are also progressing well. Project Renewal is up and running. We've reset my top team. Our new group in GBU architecture was announced in November and the North American restructuring is well underway. We're strengthening the U.S. selling organization and our consumer-facing businesses, deploying integrated cross-functional customer and channel teams in the U.S. And we've announced that we will close our Rubbermaid Consumer factory in Greenville, Texas and consolidate production in our Winfield, Kansas and Mogadore, Ohio factories. There've been many people impacted by these decisions, and I'd once again like to thank all of our employees for how professionally they're leading through change.

On the other side of the Atlantic, we're moving rapidly toward the April 2012 SAP and European principal company cutover. I spent time with the transition team 2 weeks ago in the U.K. outside of Newcastle and Sunderland. They've made a tremendous amount of progress. And while we have a lot of work still to do, the team is focused and energized by the challenge. This is, by far, the most comprehensive systems project we've implemented. And while we have the finish line in sight, we need to cross over a series of testing hurdles before we throw the go-live switch. So far, so good, but lots to do. Importantly, despite a tougher year than planned, we have the changed agenda, associated with the SAP and EPC, EMEA, delivered slightly better than 10% operating margin in 2011, about a year ahead of our targeted delivery date and 800 basis points above the 2009 baseline.

Read the rest of this transcript for free on

4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs