Newell Q4 Core Sales Slide 4.1% While EPS Rises to $0.18
Newell Brands’ Q4 net sales fell 2.7% year over year to $1.897 billion, driven by a 4.1% decline in core sales despite a favorable FX impact. Adjusted EPS rose to $0.18 from $0.16 as operating margin expanded 160 bps to 8.7% and EBITDA grew 11.6% to $241 million.
1. Q4 Financial Results
Newell Brands reported Q4 net sales of $1.897 billion, down 2.7% year over year, with core sales declining 4.1% while favorable foreign exchange added 1.4%. Adjusted EPS rose to $0.18, up from $0.16, meeting estimates, as disciplined cost controls drove a 160 bps expansion in operating margin to 8.7% and EBITDA increased 11.6% to $241 million.
2. Segment Performance
Home & Commercial Solutions sales declined 3.7% to $1.1 billion on a 5.3% core sales drop offset by FX gains. Learning & Development sales reached $629 million, a 1.5% core sales decline offset by FX, while Outdoor & Recreation sales fell 6.2% to $142 million on lower volumes.
3. Balance Sheet and Cash Flow
The company ended the quarter with $203 million in cash and equivalents, $4.5 billion in net long-term debt, and $2.4 billion in shareholders’ equity. Operating activities generated $264 million in cash during 2025.
4. 2026 Outlook
For Q1 2026, Newell expects net sales to decline 5–3% and core sales to drop 7–5%, with a normalized operating margin of 2.5–3.5% and a loss of $0.12–$0.08 per share. Full-year 2026 sales are projected down 1–1% with core sales down up to 2%, normalized EPS of $0.54–$0.60, and tariffs to reduce EPS by about $0.07.