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Pro Dealers & LBM
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.
The Atlanta-based consumer products manufacturer, whose brands include Irwin, Rubbermaid and Lenox, saw total sales for the quarter hit $1.52 billion.