- Newell Rubbermaid (NYSE:NASDAQ:NWL) reports core sales grew 4.7% in Q1.
- Normalized gross margin +50 bps to 38.8%.
- Normalized operating income rate improved 90 bps to 12.1%.
- Segment revenue growth: Writing: $341.8M (-1.8%); Home Solutions: $364.5M (+15.2%); Tools: $180.4M (-3.9%); Commercial Products: $185.2M (+1.4%); Baby & Parenting: $192.1M (+7.1%).
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FY2015 Guidance: Net sales: +3% to +4%; Core sales: +3.5% to +4.5%; GAAP EPS: $1.63 to $1.81; Normalized EPS: $2.10 to $2.18.
- NWL +2.26% premarket.