Newell Rubbermaid Earnings: Everything You Must Know Now

Newell Rubbermaid Inc. (NYSE:NWL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Newell Rubbermaid Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.38% to $0.50 in the quarter versus EPS of $0.47 in the year-earlier quarter.

Revenue: Decreased 2.72% to $1.48 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Newell Rubbermaid Inc. reported adjusted EPS income of $0.50 per share. By that measure, the company beat the mean analyst estimate of $0.49. It beat the average revenue estimate of $1.47 billion.

Quoting Management: “Our second quarter was another quarter of steady progress,” said Michael Polk, President and Chief Executive Officer. “Underlying core sales grew 2.5 percent and normalized EPS grew 11.1 percent to $0.50. We are well positioned to accelerate core growth in the back half of the year fueled by new item launches in Commercial Products, Tools, Writing and Baby and strengthened brand investment. We are confident in our full year 2013 guidance on core sales growth, margin and cash flow and given our strong EPS performance year to date, we are raising the low end of our normalized earnings per share guidance by $0.02, narrowing our guidance range to $1.80 to $1.84, a year-over-year increase of 8 to 10 percent.”

Key Stats (on next page)…

Revenue increased 18.87% from $1.24 billion in the previous quarter. EPS increased 42.86% from $0.35 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.53 to a profit $0.50. For the current year, the average estimate is a profit of $1.82, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)