Newell Rubbermaid Inc. Earnings: Profit Rises Year Over Year

S&P 500 (NYSE:SPY) component Newell Rubbermaid Inc. (NYSE:NWL) reported net income above Wall Street’s expectations for the fourth quarter. Newell Rubbermaid markets consumer and commercial products, including housewares, hardware, and home furnishings.

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Newell Rubbermaid Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Newell Rubbermaid Inc. rose to $80.4 million (27 cents per share) vs. $75.7 million (25 cents per share) in the same quarter a year earlier. This marks a rise of 6.2% from the year earlier quarter.

Revenue: Rose 3.7% to $1.5 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: NWL reported adjusted net income of 40 cents per share. By that measure, the company beat the mean estimate of 38 cents per share. Analysts were expecting revenue of $1.49 billion.

Quoting Management: “Newell Rubbermaid’s fourth quarter results were solid in a continuing tough environment,” said President and Chief Executive Officer, Michael Polk. “Our fourth quarter core sales growth of 3.7 percent was the strongest quarter of the year. Our EPS delivery was very good and full year operating cash flow was at the high end of our guidance range.”

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 3 cents in the third quarter, by 4 cents in the second quarter, and by 2 cents in the first quarter.

Revenue has now gone up for three straight quarters. In the third quarter, revenue rose 4.2% to $1.55 billion while the figure rose 5.1% in the second quarter from the year earlier.

The company reported a profit last quarter after being in the red the prior quarter. In the second quarter, the company booked a net loss of $146.7 million or a loss of 49 cents per share.

Looking Forward: Over the past ninety days, the average estimate for the first quarter of the next fiscal year has fallen from 32 cents per share to 31 cents, indicating that analysts are growing pessisimistic about the company’s performance next quarter. For the fiscal year, the average estimate has moved up from $1.56 a share to $1.57 over the last ninety days.

Competitors to Watch: Jarden Corporation (NYSE:JAH), The Female Health Company (NASDAQ:FHCO), The Procter & Gamble Co. (NYSE:PG), Fortune Brands, Inc. (NYSE:FO), Carlisle Companies, Inc. (NYSE:CSL), The Clorox Company (NYSE:CLX), and Condomi AG (NYSE:CAG).

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com