Newell Brands announce strong growth in Q3

Newell Brands has announced solid progress following their Accelerated Transformation Plan announced in January.

Newell Brands’ focus on margins and operating cash flow is now paying off. This was the result of strong sequential improvement on both metrics. It was also resulting from organisation restructuring and diligent cost and working capital management. Core sales results in the continuing business are also performing well in all segments and regions. They therefore expect that trend to continue into the fourth quarter.

Results from Third Quarter 2018 include:

Net sales from continuing operations are $2.3 billion, compared with $2.5 billion in the prior year
Normalised operating margin at 13.0 percent up from 12.9 percent in the prior year.
Operating cash flow is $572 million up from $183 million in the prior year, driven primarily by progress on the company’s working capital initiatives.
The company reduced debt by $890 million to $9.6 billion