Content about Newell Rubbermaid

September 5, 2014

Newell Rubbermaid has officially completed its acquisition of Ignite Holdings, LLC from North Castle Partners, a $308 million deal it announced back in July.

August 15, 2014

Newell Rubbermaid's EVP and CFO Doug Martin has put in his notice and is moving on to life with a new -- and undisclosed -- company.

July 31, 2014

Newell Rubbermaid reported its second-quarter financial results Thursday morning, which pointed to strong progress in line with the company's full-year outlook for 2014.

Net sales for the three months ended June 30 were $1.52 billion, up 3.1% from last year's net of $1.47 billion.

Net income came in at $150.6 million for the quarter, up 37.2% from 2013's income of $109.8 million.

July 21, 2014

Newell Rubbermaid is paying $308 million for Ignite Holdings, a manufacturer of reusable water bottles and travel mugs under the Contigo and Avex brands.

Ignite Holdings is currently under North Castle Partners, a private equity firm with a focus in healthy living products. The company has exhibited a track record of growth, with a historical four year sales CAGR of 35%.

June 4, 2014

Newell Rubbermaid (NWL) jumped up 4.42% on Wednesday after Morgan Stanley upgraded the stock, citing an expectation for near-term growth for the company.

May 19, 2014

Newell Rubbermaid opened a 40,000-sq.-ft. Design Center in Kalamazoo, Michigan, a move it says will boost its numerous brands.

May 8, 2014

The stocks were mixed at the close of Wednesday. Newell Rubbermaid posted the strongest growth at +3.02%.

May 2, 2014

LP surged ahead to $16.73, a 3.46% increase, while Newell Rubbermaid saw the biggest decline, at -3.86%.

May 2, 2014

Dealing with the adverse impacts of a harness buckle recall on some of its car seats and the weather-related slowdown in its home business, Newell Rubbermaid sales slipped 0.7% in the first quarter to $1.23 billion. 

“Strong core sales growth in Writing offset declines in Home Solutions and Baby, yielding normalized earnings per share of $0.35, flat with last year's results,” said Michael Polk, CEO. 

Net income declined 2.4% to $52.9 million. 

February 3, 2014

Newell Rubbermaid reported strong fourth-quarter and full-year results, to the tune of a double-digit year-over-year improvement in its bottom line.

Net sales for the three months ended Dec. 31 were $1.49 billion, up 2.9% in year-ago terms. For the full year, sales came in at $5.69 billion, a 2.0% increase over 2012.

The company realized significantly better progress in terms of its net income. Income for the fourth quarter was $117.3 million, up 15.1% year-over-year. For the 12-month period, income was $474.6 million, up 18.3% from 2012's $401.3 million.

December 9, 2013

Tractor Supply, Scotts and Newell Rubbermaid pace the field on the Home Channel Stock Roundup. Gas prices hold steady at about $3.26 for a gallon of regular.

 

December 9, 2013

Newell Rubbermaid has appointed Paula S. Larson to the post of EVP and chief human resources officer, succeeding the soon-to-be-retired James M. Sweet, effective Dec. 16.

October 28, 2013

Newell Rubbermaid reported massive gains of 79% in net income for the third fiscal quarter of 2013, a momentary boom that the company attributed to the sale of its hardware business.

Newell sold the unit to Nova Capital for $214 million, before taxes, in September.

October 3, 2013

In an effort to recalibrate its branding efforts and global investments, Newell Rubbermaid is consolidating a number of marketing agencies worldwide into one lead creative partner and one lead media-buying partner.

Bartle Bogle Hegarty (BBH) will serve as lead creative agency, wherein it will assume responsibility for strategy, creative execution and implementation of all brand-related communication channels. Led by BBH New York, the assignment will have global support from the company's network. 

September 19, 2013

Newell Rubbermaid has appointed Nate Young to the newly created role of VP global innovation, which will involve developing the company's innovation process.

Young will be leaving his role as president of the NewNorth Center for Design in Business, a nonprofit education and business institution. In his new role, he will work closely with the marketing and design/R&D departments to help drive innovation across the business and build a network of inventor, university and corporate innovation communities.

September 12, 2013

Atlanta-based Newell Rubbermaid announced it has closed the sale of its Hardware business, which includes the Amerock, Ashland, Bulldog and Shur-Line brands, to Nova Capital, a specialist acquirer of corporate and private equity portfolios. 

The transaction was first announced Aug. 9.

August 23, 2013

Stocks were overwhelmingly in the green at Thursday's close, with the exception of Newell Rubbermaid and Sears, which took a nosedive of 8.20%.

August 8, 2013

Newell Rubbermaid is streamlining its operations by removing its common listing from the Chicago Stock Exchange next month, the company announced Thursday.

According to a company statement, the decision was enacted in an effort to trim the duplicate administrative requirements and costs resulting from the maintenance of a dual listing. Newell Rubbermaid does not believe the move will impact the liquidity of its common stock.

July 26, 2013

Newell Rubbermaid, whose brands include Irwin Tools, Lenox and Calphalon in addition to Sharpie and Paper Mate, reported second-quarter net sales of $1.47 billion, up 3.5% from the prior-year quarter.

Net income for the Atlanta-based company was $109.8 million, down 1.8% from the same quarter last year.

The company's Home Solutions segment net sales were $399.1 million, up 2.0%. The growth was driven by strong results from Rubbermaid and increased distribution of Calphalon. 

Tools segment net sales were down 2.2% to $198.0 million. 

July 16, 2013

In a move to focus on its core businesses, Atlanta-based Newell Rubbermaid sold its Teach platform, including the Mimio and Headsprout interactive teaching technology brands, to Skyview Capital, a Beverly Hills, Calif., private equity firm.

June 17, 2013

Newell Rubbermaid has made way for a major e-commerce recalibration with the appointment of Jeremy Liebowitz as the company's first VP global e-commerce. Touting an 18-year track record of driving e-commerce growth, Liebowitz will be spearheading Rubbermaid's latest initiative to develop a global online presence.

Liebowitz is leaving his position as VP digital commerce and marketing at Jaden Corp., where he achieved steady online revenue growth over five years. 

May 3, 2013

Newell Rubbermaid reported first-quarter net income of $54.2 million, down 31.7% from $79.3 million. Sales for the quarter were $1.241 billion, down 0.8%.

Newell Rubbermaid reported first-quarter net income of $54.2 million, down 31.7% from $79.3 million. Sales for the quarter were $1.241 billion, down 0.8%.

During the earnings release, the company announced plans to sell its Hardware and Teach Platform business. 

May 3, 2013

The company has announced plans to sell its “Hardware and Teach Platform” businesses.

Newell Rubbermaid has announced its intention to sell its Hardware and Teach Platform businesses -- the Bulldog, Shurline, Ashland and Amerock brands, the drapery hardware business, and Mimio.

“These are good businesses run by talented people but they do not fit with our strategy,” said CEO Michael Polk. 

In 2012, the Hardware and Teach Platform represented net sales of more than $300 million. Newell’s Irwin Tools brand is not part of the group up for sale.

April 8, 2013

Stocks are mixed on the Home Channel Stock Roundup, with Newell Rubbermaid pacing the field. The unemployment rate slip to 7.6% as gas prices level.

Stocks are mixed on the Home Channel Stock Roundup, with Newell Rubbermaid pacing the field. The unemployment rate slips to 7.6% as gas prices level.

March 29, 2013

Newell Rubbermaid says it will create a state-of-the-art Design Center to accelerate growth through enhanced capabilities in design and innovation.

Newell Rubbermaid says it will create a state-of-the-art Design Center to accelerate growth through enhanced capabilities in design and innovation.

The new center of excellence is expected to open by early 2014 in Kalamazoo, Mich., an area rich in talented designers, the company said.