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 Reports Third Quarter 2012 Results And Reaffirms Full Year Guidance

A reconciliation of the third quarter 2012 and 2011 results is as follows:


Q3 2012*


Q3 2011*

Diluted earnings per share (as reported) $0.37 ($0.61 )
Impairment charges $0.00 $1.05
Restructuring and restructuring-related costs $0.06 $0.06
Discontinued operations ($0.01 ) $0.04
CEO transition costs $0.00 $0.01
Income tax – discrete contingencies, expiration of statutes of limitation and resolution of examinations







Loss related to the extinguishment of debt $0.01 $0.00
Other items $0.00   ($0.01 )
“Normalized” EPS $0.47 $0.45

* totals may not add due to rounding

Third Quarter 2012 Operating Segment Results

The Newell Consumer segment’s net sales for the third quarter were $814.6 million, a 2.1 percent decline compared with the prior year quarter. Core sales in the segment decreased 0.4 percent. Year-to-date core sales in this segment declined 1.2 percent. The improved performance versus first half results was driven by a strong performance from the Writing and Creative Expression global business unit during the Back-to-School season. This improvement was offset by a decline in the Décor and Culinary businesses largely related to a change in merchandising strategy at a significant retail customer. Normalized operating income in the Newell Consumer segment was $141.1 million, or 17.3 percent of sales, compared with $128.8 million, or 15.5 percent of sales, in the prior year. The operating margin improvement was driven by gross margin expansion and lower SG&A expense attributable to the deferral of brand building investments from the third quarter to the fourth quarter.

5 of 14

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
Submit an article to us!


DOW 17,922.29 -148.11 -0.82%
S&P 500 2,093.95 -20.54 -0.97%
NASDAQ 4,945.1170 -71.8120 -1.43%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs