Carl Icahn discloses updated portfolio positions in 13F filing

Exited LNG HRI positions, Increased SWX IEP

Highlights from Q2 2023 filing as compared to Q1 2023:

• Increased positions in: IEP (to ~334.49 mln shares from ~300 mln shares), SWX (to ~10.84 mln from ~10.52 mln)
• Maintained positions in: CVI (~71.2 mln shares), BHC (~34.72 mln shares), XRX (~34.25 mln shares), NWL (~29.99 mln shares) DAN (~14.29 mln shares)
• Closed positions in: LNG (from ~1 mln shares), HRI (from ~0.23 mln)
• Decreased positions in: FE (to ~14.09 mln shares from ~18.97 mln shares)

Insider Trading (Fri 5/5/23)

Notable purchases -- Execs add to EWBC; notable sales -- EVP active in BMY

Buyers:

• ADT President & CEO, EVP-CFO, EVP-COO, EVP-Chief Business Officer, EVP-CLO and Secretary bought a total of 132,000 shares at $4.91 - $5.16 worth ~$667K. 
• FHN Directors (2) bought a total of 35,138 shares at $9.935 - $10.18 worth ~$351K.
• EWBC Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, and one (1) Executive Vice President bought a total of 21,130 shares at $41.25 - $43.00 worth ~$893K.
• KEY Head of Institutional Bank bought 75,000 shares at $9.77 - $9.79 worth ~$734K.
• NWL Chief Financial Officer bought 100,100 shares at $9.92 - $9.99 worth ~$999K.
• STEL Directors (3) bought a total of 144,952 shares at $21.10 - $21.99 worth ~$3.2 mln.
• WSC Chief Executive Officer bought 5,000 shares at $44.62 worth ~$223K.

Sellers:

• BMY EVP & President, Research sold 50,385 shares at $67.05 - $67.111 worth ~$3.4 mln.
• FICO EVP sold 1,335 shares at $739.95 - $740.47 worth ~$988K.
• MMC Director sold 5,500 shares at $179.69 - 179.765 worth ~$988K.
• ORLY EV Chairman of the Board sold 27,000 shares at $925.30 - $931.79 worth ~$25.1 mln.
• PAG Directors (2) sold 10,553 shares at $140.79 - $141.54 worth ~$1.5 mln.

This week's biggest % winners & losers : Feb 7 - 11, 2022 (wk 6)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: HAE (58.14 +24.74%), MDGL (87.5 +23.99%), ATHN (4.83 +23.21%), INVA (19.23 +22.92%)
• Materials: CRS (38.7 +33.82%), ACH (16.55 +22.1%), SQM (64.43 +20.95%)
• Industrials: SAVE (26.37 +21.35%)
• Consumer Discretionary: TUP (19.02 +24.64%), EXPR (4.18 +21.72%), GME (123.69 +20.86%), NWL (24.39 +14.35%)
• Information Technology: TDC (50.13 +20.01%)
• Financials: COOP (49.03 +28.15%)
• Energy: BTU (17.05 +30.73%), CEIX (31.31 +28.64%)
• Consumer Staples: PFGC (52.54 +22.43%)

This week's top % losers

• Healthcare: PRQR (1.4 -74.26%), SENS (2.44 -27.16%), BEAT (1.75 -15.7%), MRTX (101.78 -15.11%), EDIT (16.19 -13.56%)
• Materials: GLT (14.55 -15.22%)
• Industrials: AFI (1.44 -18.64%), NSP (92.55 -13.75%)
• Consumer Discretionary: GT (15.79 -24.94%), ATGE (23.65 -16.19%), GOOS (26.87 -13.73%)
• Information Technology: TWOU (9.02 -45.7%), NEWR (72.41 -29.71%), AVYA (14.7 -15.27%)
• Financials: UVE (12.4 -26.5%), ARGO (41.14 -26.12%), EHTH (15.79 -16.89%)
• Energy: NGL (2.2 -18.59%)
• Consumer Staples: EPC (36.36 -15.39%)

-=Newell Brands (NWL) reported earnings on Fri 11 Feb 22 (b/o)

• Best performer in the sector, rallying back above its 50-day moving average (22.61) to its 200-day moving average (24.75) after beating Q4 expectations and issuing mixed guidance for FY22. 

Newell Brands beats by $0.10, beats on revs; guides Q1 EPS below consensus, revs in-line; guides FY22 EPS in-line, revs below consensus 

• Reports Q4 (Dec) earnings of $0.42 per share, $0.10 better than the S&P Capital IQ Consensus of $0.32; revenues rose 4.3% year/year to $2.81 bln vs the $2.65 bln S&P Capital IQ Consensus.
• Co issues guidance for Q1, sees EPS of 0.26-0.28 vs. $0.30 S&P Capital IQ Consensus; sees Q1 revs of $2.25-2.30 vs. $2.22 bln S&P Capital IQ Consensus.
• Co issues guidance for FY22, sees EPS of $1.85-1.93 vs. $1.87 S&P Capital IQ Consensus; sees FY22 revs of $9.93-10.13 bln vs. $10.49 bln S&P Capital IQ Consensus.

Earnings this week : Feb 7 - 11, 2022 (wk 6)

Monday (Feb 7)

• Morning:  AMG CRNC CNA ENR GTES HAS ON TSN ZBH
• Afternoon: ACM AOSL AMGN ACLS BRX CHGG DHT KMT KFRC LEG NUAN PDM PFG RMBS SLQT SPG SSD SNCY TTWO THC TDC VRNS

Tuesday (Feb 8)

• Morning: AGCO ARMK AVNT BP CARR CVE CNC CNHI COTY CTS DD EPC FISV IT HAE HOG INCY KKR LEA MBUU MAS NRZ NVT PFE POLY SPGI SYY TMHC TRI TDG VIRT VSH WMG
• Afternoon:  ATGE AIZ ATO AZTA CMG CNO CMP CRSR CCK DCPH APPS DEI DOCS EGP ENPH ESE FLT FMC GFS PEAK HIW HUBG ICHR INSP JKHY LBRT LYFT MNDT MODN NCR NEWR OMC ONTO PAYC PTON QGEN QNST SCSC SAVE STEP STE TRMB TSE UDR VVV VREX VOYA XPO YUMC

Wednesday (Feb 9)

• Morning:  ARCC AVYA BDC BXMT BG CCJ CGC CDW CHEF CME CRTO CVS FOXA HMC IIVI LAD MSGE NNN PAG PFGC RDWR REYN SITC TEVA TGI YUM
• Afternoon:  TWOU AEIS AFG NLY ACGL ASGN BKH CDAY CHX CPA CXW DCP DIOD ENS NVST EQT EFX EQC EEFT RE FR FLNC FWRD ULCC GFL PI IFF IRBT ITT KN RAMP LUMN MFC MAT MDU MESA MGM MC MOH MSI ORLY PEP PPC PAA RPD REXR SGEN SONO SPSC SLF TTMI TWLO TWO UBER UDMY VMEO DIS WTS ZNGA

Thursday (Feb 10)

• Morning: ALNY MT AZN CAMT GOOS ECOM KO CIGI CYBR DDOG DBD DTE DUK FAF GPN GPI HRI HII INMD NSIT IPG K KIM LH LCII LECO LIN MAC MLM MCO PATK PTEN PBF BTU PCG PM PIPR PDS ROLL SSTK SON TPR TTGT TU TUFN TWTR WSO WEX ZBRA
• Afternoon:  ME AFRM AVLR BIO BL BE BHF ELY CSL CC NET COHU CFLT OFC COUR DVA DXCM EQH EXPE FRT FE FLO FRSH GDDY HUBS ILMN NSP FROG MTD MHK MNTV MPWR NWE PRO QLYS REG RSG SSNC TEX RARE UPWK VRSN VCRA WU YELP ZEN ZG

Friday (Feb 11)  

• Morning:  AB AXL APO ARES BRKR CAE CLF D ENB ESNT FTS G GT GPRE IAA MGA COOP NBIX NWL NMRK PRLB SXT UAA WPC

-=Newell Brands (NWL) reported earnings on Fri 3 May 2019 (b/o)

Newell Brands beats by $0.08, beats on revs; guides Q2 EPS below consensus, revs in-line; reaffirms FY19 EPS guidance, revs guidance

• Reports Q1 (Mar) earnings of $0.14 per share, $0.08 better than the S&P Capital IQ Consensus of $0.06; revenues fell 5.5% year/year to $1.71 bln vs the $1.69 bln S&P Capital IQ Consensus.
• Co issues guidance for Q2, sees EPS of $0.34-0.38 vs. $0.47 S&P Capital IQ Consensus; sees Q2 revs of $2.10-2.15 bln vs. $2.11 bln S&P Capital IQ Consensus.
• Co reaffirms guidance for FY19, sees EPS of $1.50-1.65 vs. $1.56 S&P Capital IQ Consensus; sees FY19 revs of $8.2-8.4 bln vs. $8.35 bln S&P Capital IQ Consensus.

Earnings this week : April 29 - May 3, 2019 (wk 18)

Japan's Nikkei will be closed throughout the week (six sessions) for Golden Week, which will be highlighted by the start of an imperial transition.

Monday (April 29)

• Afternoon: AKS APTS ARE BRKS BRX CACC CGNX CHE CHGG CLR CNI CNO CR ELVT EPR EQC ETH GHL GOOG HLIT HTLF INST JBT JJSF KAI LEG LNTH LOGI MEDP MGM MKSI MOH MUSA NBIX NXPI OGS OII OMF PCH PI RGA RIG SANM SBAC SSB SSD SXI TBI THC TNET TRTX TXRH VRNS WDC WRI WWD YUMC

Tuesday (April 30)

• Morning: AMRC AOS APRN ARCC ARNC AROC BHGE LSE:BP. CCEP CDK CEQP CHTR CMI CNX CNXM COP CRI CRTO CVLT DBD EAT ECA ECL EEFT EIGI EME EQM ETM ETN EXLS FDC FDP FIS FLWS GDI GE GEO GLDD GLT GLW GM GWR HCA HMST HUBB HUN I INCY IPGP IPHS IR KKR LDOS LH LL LLY LOVE LPT MA MCD MCRN MDSO MGP MLM MRK NEO NLSN NYCB OSK PCAR PFE PSX PSXP R RFP SABR SC SCL SF SHOP SMP SPG STX TECH THRM TNC TRS TRTN TTS VIVO WCG WDR WELL WH WRK ZBRA
• Tuesday: AAPL ACGL ACHC ADSW AKAM AMD AMED AMGN APAM ARLO ASH ATR AX BFAM BLKB BVN BXP CAI CAMP CB CBL CENX CHRW CMP COHR CRY CWST CXO CYH DENN DVN EIX ENLC ENPH EQR EXAS EXR FEYE FICO FISV FLEX FOE FTR GNW GRPN HCSG HUBG HURN HVT HY IPHI JKHY KBR LDL LKSD LSCC MC MDC MDLZ MDU MGRC MRCY MSTR MX MXIM NANO NATI NBR NEXA NUS OFC OKE OLN OSIS PAYC QTS QUAD REXR ROG RPAI RRD RRR SOI SSNC STAG SYX TCO TDOC TENB TEX TNDM TWLO UDR UNM USNA VNOM VRSK VRTX WES WIRE WNC ZEN

Wednesday (May 1)

• Morning: AAWW ADP AER ALNY AMCX AME AMRN ASC BDC BKI BMCH BTU CCJ CDW CG CIM CLH CLX CME CSTE CVS DIN DOC EAF EL ENBL EPD ESI ETR EXTR FTS GCI GIB GRMN HEP HLT HRS HUM IDXX IIVI IQV JCI KFRC LFUS LIVN LLL LXRX MGPI MMP MTOR NI NNN NRZ NSIT NVMI ORBC PBF PBFX PBI PNW RCL RDN RDWR SAIA SBH SEE SFS SITE SLCA SMG SO SPR SR ST STRA SXT TAP TKR TMHC TPB TRVG UFS UTHR WD WLTW WYND YUM

• Afternoon: ACAD AEGN AEL AFG AGI ALL AM ANSS APA AR AUY AWK AYX BLDP BNFT BWXT CACI CAKE CAR CASA CCRN CDAY CDE CF CHEF CLI CMPR CONE CPS CREE CRUS CSGS CZR DLB DOOR DXCM EB EQIX ES ESV EVTC EXEL EZPW FARO FIT FIVN FORM FOXF GIL H HABT HCC HCP HGV HI HIG HOLX HR HST ICLR INN INOV KAMN KW LMAT LNC LPI LSI MAA MANT MED MET MFC MITK MRO MTDR MXL MYRG NE NGVT NLY NPO NUVA O OI OTEX PDCE PDFS PDM PE PGRE PPC PRAH PRU PS PSA QCOM QLYS RGLD RPT RYI RYN SIGI SM SQ SRI SSW STAY SU SWM THG TRMB TTEK TTMI TUSK TYL VICI VNDA VVV WHD WK WLL WMB WPX WTI XPO ZNGA

Thursday (May 2)

• Morning: AAON ABC ABMD ACCO ACOR AGCO AGIO ALE APO APTV ARES ARW AVA AVP AYR BCE BERY BID BLL BSIG CBM CCOI CHD CI COT CRAI DAN DISC.A DLPH DNKN DNOW DWDP EEX EXC FLR FLOW FMS FSS GEL GNRC GPN HBI HFC HII HPP HRI IBP ICE IDA IDCC INGR IRWD ITGR JHG K KEX KIM LAMR MAC MD MGLN MNTA MPW MSCI MSGN MTRN MUR NEWM NRG NTCT NTLA NVCR OGE ONDK PCRX PEG PENN PGTI PH PPL PRFT PWR RDS.A RLGY SAGE SFM SNDR SPAR SPGI SRC SSYS STAR STFC STNG STOR TEVA TFX THS TOWR TPX TX UAA UNT USPH VMC W WCC WEX WLH WLK WLKP WP XHR XYL YETI ZEUS ZTS
• Afternoon: ACA ACIA AIV ALEX AMH AMKR AMN ANET ANIK AOSL APPF APPN ARCB ATGE ATUS ATVI BAND BGS BKH BL BLDR BRKR BZH CARB CATM CBLK CBPX CBS CC CCS CNXN CPSI CPT CRC CSLT CTSH CUB CYRX DATA DEI EBS ECOL ED EOG EPAY ERI ERII EXPE FLS FND FNKO FRT FSLR FTAI FTNT G GDDY GILD GMED GPOR GSHD HAYN HLF HTGC ICFI KLIC KWR LGND LNT LOCO LPLA LPSN LYV MATW MDRX MELI MERC MNST MPWR MRC MSI MTX MTZ NFG NP NPTN NSA OEC OLED PBA PCTY PLNT PMT PODD POST PTCT PVG RBBN REG RMAX RMD RPD SEM SHAK SHLX SIMO SPXC SRCL SWKS TDC TDS TMST TRUP TS TSE TSLX TTOO UCTT UIS UPLD USM USX VIAV VRAY WAIR WSC WTR WTS WW WYNN X XOG ZIXI

Friday (May 3)

• Morning: AMT ASIX AXL BCPC BIP CBOE D DISH ESNT FCAU GLOG HMSY IMGN ITT KOP NBL NJR NWL OPI ROCK RUTH SGMS TRP TWI VIRT WPC XRAY

-=Newell Brands (NWL) to transfer stock listing to Nasdaq

Newell Brands Inc. (NWL) said Wednesday it will transfer the listing of its stock to the Nasdaq Global Market from the New York Stock Exchange, effective after the Dec. 10 close, citing Nasdaq's "cost-effective" platforms and tools for branding.
The consumer goods company, which brands include Sharpie, Graco and Paper Mate, said the stock's ticker symbol will remain "NWL." The company said the listing transfer, which is expected to be "seamless" for its shareholders is part of its accelerated transformation plan.

=Newell Brands (NWL) reported earnings on Fri 2 Nov 2018 (b/o)

• Oct. 30: #5: #5; vol. 9.4M
• Nov. 1: #1, 20; vol. 16M

Newell Brands misses by $0.10, misses on revs; guides FY18 EPS in-line, reaffirms FY18 revs guidance, reaffirms Operating Cash Flow guidance

Reports Q3 (Sep) earnings of $0.54 per share, excluding non-recurring items, $0.10 worse than the S&P Capital IQ Consensus of $0.64; revenues fell 7.7% year/year to $2.28 bln vs the $2.34 bln S&P Capital IQ Consensus.

• Core sales from continuing operations declined 4.0 percent. All segments and regions posted better core sales trends on a sequential basis, with the Writing business returning to growth.
• Reported gross margin was 35.9 percent compared with 35.1 percent in the prior year, resulting from better pricing, productivity, lower integration and restructuring costs and the impact of the new revenue recognition standard, which more than offset the impact of foreign exchange, inflation related to tariffs and higher input costs and other manufacturing costs associated with inventory reduction. Normalized gross margin was 35.7 percent compared with 35.8 percent in the prior year.
• The company recorded an $8.1 billion non-cash impairment charge from continuing operations primarily associated with intangible assets in certain acquired businesses in each of its reporting segments.

Co issues guidance for FY18, sees EPS of $2.55-2.75 (Prior $2.45-2.65), excluding non-recurring items, vs. $2.47 S&P Capital IQ Consensus; sees FY18 revs of $8.7-9.0 bln vs. $9.05 bln S&P Capital IQ Consensus. Reaffirms Operating Cash Flow in the range of $0.9-$1.2 bln,

-=Newell Brands Inc (NWL) reported earnings on Mon 6 Aug 2018 (b/o)

• Q2 core sales growth disappoint
• Toys "R" Us closure hits baby products sales
• CEO says retail landscape to remain difficult
• Shares record worst day since Jan. 2018

Aug 6 (Reuters) - Newell Brands Inc reported quarterly sales below Wall Street estimates on Monday hurt by cutbacks in inventory by retailers for its writing products and the bankruptcy of toddler-focused Babies "R" Us chain.

Shares of Hoboken New-Jersey-based Newell were down as much as 13.4 pct at $23.01 in morning trade, its worst day in nearly seven months.

The company's Learning & Development division, which makes Graco car seats and Baby Jogger strollers, sold a chunk of its goods at retailer Babies "R" Us, but saw a 15 percent drop as the last of the store closed in the U.S.

"Newell's second-quarter, which was supposed to mark the nadir on core sales as the company worked through negative implications of the Toys "R" Us bankruptcy, came in worse than expected," Jefferies analyst Kevin Grundy said.

Core sales growth, which includes the impact of discontinued operations for businesses divested in 2018, fell 8 percent to $3.73 billion, missing analysts estimate of $3.83 billion, according to Thomson Reuters I/B/E/S.

"Another weak quarter on a comparable basis as organic sales and operating income fall short of consensus estimates," Grundy said.

Newell, a U.S. consumer products maker, has been selling assets as part of its plans to raise $10 billion after it ended a proxy fight with activist investors Carl Icahn and Starboard Value LP.

The company earlier this year sold its plastics packaging unit Waddington Group and Rawlings Sporting Goods.

As a result, Newell now sees full-year net sales between $8.70 billion and $9.00 billion, down from its previous forecast of $14.40 billion to $14.80 billion. It cut its adjusted profit to between $2.45 and $2.65 per share, from $2.65 to $2.85 per share.

"While we expect the retail landscape to remain difficult, the second half impact will be less severe than the first," Chief Executive Officer Michael Polk said on a call with analysts.

Newell said its latest guidance includes the $100 million impact due to the U.S. tariffs on China-sourced goods and the retaliatory tariffs by the EU and Canada, with the greatest exposure on baby products, appliances and food.

Polk said if the China tariffs are raised to 25 percent, the company will hike prices.

For the reported quarter, net sales declined 13 percent to $2.20 billion as a result of the divestiture.

Earnings this week : Aug 6 - 10, 18 (wk 32)

Notable earnings out this week

Monday (August 6)

• Morning: CTB  BID CAH NWL  SEAS TSN 
• Afternoon: CDEV ETSY HTZ MAR MOS  RNG Z  ZG  TWLO TLND WTW  AEL AKCA AMRS ANDV ANDX ANSS APLE ARNA ATSG AVD AWR BHF BKD BKH BRKS BWXT CBT   CMP CPE CRY CRZO CVCO DCO DPLO DVAX EDIT   EVBG FATE FIVN FRGI FRPT  HHC   ITRI KMT KRNT LGND LMNX     MTSC MTW MWA MXWL NCMI NGHC NPTN NSA NVGS OAS OFIX OTTR PI PLOW PLYA RBC REN   RPD SNHY SYKE TCMD THC  TRTX TUSK  WMC  ZGNX 

Tuesday (Aug 7)

• Morning:  ACM AES AFI AMRC ANIP AQUA ARMK ATKR AVNS AYR BHC BIOS BLD BOLD BR CEVA CORE CROX DEA DF DISCA DNR DQ EGN EGRX EMR EPC EXPD FSS GSKY GTN HAE HLNE HZN IIVI IONS JELD LABL LGIH LPX MGP MNK NHI NJR NS NWN ODP OMI ONCE ONDK PPL PRIM QNST RDUS RHP SAGE SATS SN SNH SPNS TAST TDG TECH TGH TGNA TRS USAC USCR VGR VPG VSH VSM XRAY ZBRA 

• Afternoon:   AAOI  AAXN AIZ ALB ALRM AMBR ANDE ARA BECN BIO BLDR BOFI BOOT BTG CAR CARG CBLK CGBD CIVI CLR CSOD CUTR CWH CYBR DCP DDD DHT DIOD DIS DK DXC DXPE ENV ESE EVH EVRI FGEN FOSL FTK G GCP GWPH HALO HCKT HDP HST ICHR IFF INFN INGN INSP IOSP IPAR IVC IVR JAZZ KAR KRO LC LRN MMI MODN MTCH MXL NEWR NNI NP NVTA OPK ORA PAA PAGP PBPB  PE  PEN PLT POWL PRA PRAA PRI PRMW PRSC PTCT PUMP PXD PZZA QDEL QTWO RLJ RWT SFLY SIEN SNAP SRC SUPN SWX TPC TPIC TRHC TWNK TWO VSLR WEN WK WRD XEC XOG 

Wednesday (Aug 8)

• Morning:   ATHM   CARS CBB CHH CLNY CNDT CNK CRL CSTE CUB CVS DEPO DLPH EBIX ENDP ETM EXTR FI FRTA GEL GOGO GVA HRI HZNP ITG JLL KDP KELYA KORS LAMR LITE LXP MGA MIDD MYL NOVT NXST NYT SBGI SINA  SO STE STWD SUP TGI TLRA TPB TRI WAAS WB WWW WYND

• Afternoon: ACAD ACTG ADT AINV AMBC AMPH ANGI AOSL APEI ATO AVT AYX AZPN BKNG BREW BV CISN COLL CPA CTL CVNA CXW DAR DNB DOOR ECPG ELF ENS EQIX ETE ETP EVRG FANG FG FLO FLS FNV FOXA FSM GBDC GDOT HPR IAC IAG INSY JACK KAMN KIDS LASR LOPE MBI MELI MFC MNST MRAM MUR NEU NKTR NNBR NTES NTRA NUAN NVAX OCLR ORIG OSUR OUT OXY PAAS PDCE PEGA QHC RGLD ROKU RPT SAIL SD SEMG SENS SGMO SJI SLF SRPT SUN TCX TIVO TTGT UHAL UPLD VNOM VRTU WMGI XPER YELP ZTO

Thursday (Aug 9)

• Morning:   BAM BPMP CABO CCE CDAY DDS DSKE FBM GCI GOOS HIMX HL HPT IMOS KOP LAUR LNG LOXO MMS MNTA MPAA NCLH NICE NOMD OGE PEGI PLUG PQG PRGO PRTY PTLA RDNT SGRY SMI SND SNR SPH TRCO TTI UNT  UPL VIAB VRTV VSTO WBT WIN WMS WP

• Afternoon:  ACXM AIRG AL ALTR ASYS AVID AVLR BW CDNA  CHUY COLD CORT CYRX DBX ECOM  ELGX  EPAY FNKO FSCT ICUI INVH JAG JCOM LGF.A MCHP MIME NWSA OLED OMER OSTK  PBYI PCTY PLNT RBA RDFN ROAD RUN  SPPI SSRM SYNA  TRUE  TTD UNIT VSAT WOW WPRT WTTR XON

Friday (Aug 10)

• Morning:  AIT ERF MDP RUTH

=Newell Brands (NWL) reported earnings on Thur 2 Nov 2017 (b/o)

Newell Brands misses by $0.06, reports revs in-line; cuts FY17 guidance; announces $1 bln share repurchase 

• Reports Q3 (Sep) earnings of $0.86 per share, excluding non-recurring items, $0.06 worse thanthe Capital IQ Consensus of $0.92; revenues fell 7.0% year/year to $3.68 bln vs the $3.71 bln Capital IQ Consensus, reflecting a 770 basis point net negative impact from acquisitions and divestitures. Core sales grew 0.4 percent. The Live, Learn, Work and Play segments delivered positive core sales growth. Reported gross margin was 34.5 percent compared with 32.2 percent in the prior year, driven by synergies and cost savings and the absence of the inventory step-up charge recorded in the prior year related to the acquisition of the Jarden business, partially offset by increased commodity cost inflation and negative product mix. Normalized gross margin was 35.0 percent compared with 36.0 percent in the prior year, as synergies and cost savings were more than offset by increased commodity cost inflation and negative mix.
• Co issues downside guidance for FY17, lowers EPS to $2.80-2.85 from $3.00-3.20, excluding non-recurring items, vs. $3.00 Capital IQ Consensus; lowers FY17 revs to $14.7-14.8 bln from $14.8-15.0 vs. $14.91 bln Capital IQ Consensus Estimate; core sales to +1.5-2.0%. 
• Announced Board approval of a three-year $1 billion share repurchase authorization. 

=Newell Brands (NWL) reported earnings Mon 8 May 2017 (b/o)

Newell Brands beats by $0.05, beats on revs; raises FY17 EPS, in-line, reaffirms FY17 revs guidance; increases dividend 21%:

• Reports Q1 (Mar) earnings of $0.34 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.29; revenues rose 148.4% year/year to $3.27 bln vs the $3.23 bln Capital IQ Consensus, due to the inclusion of the acquired Jarden business and competitive core sales growth, partially offset by divestitures of Dcor and Tools. Core sales grew 2.5 percent driven by strong growth on Baby and Appliances within the Live Segment, Writing and Jostens within the Learn segment, Waddington within the Work Segment, Team Sports and Beverages within the Play Segment and Process Solutions within the Other Segment. All four regions delivered core sales growth.
• The benefits of increased sales and operating profitability were more than offset by higher interest expense and higher share count associated with the Jarden transaction. Announced a $0.04 per share increase in the quarterly dividend to $0.23 per share, an increase of 21 percent.
• Co issues guidance for FY17, raises EPS to $3.00-3.20 from $2.95-3.15, excluding non-recurring items, vs. $3.05 Capital IQ Consensus; reaffirms FY17 revs of $14.52-14.72 bln vs. $14.7 bln Capital IQ Consensus.

=Newell Brands (NWL) reported earnings on Fri 28 Oct 2016 (b/o)

Newell Brands beats by $0.05, misses on revs; raises low end of FY16 guidance; guides FY17 :

• Reports Q3 (Sep) adj. earnings of $0.78 per share, $0.05 better than the Capital IQ Consensus of $0.73; revenues rose 158.5% year/year to $3.95 bln vs the $4.06 bln Capital IQ Consensus, primarily due to the inclusion of net sales from the acquired Jarden business. Core sales grew 3.0 percent driven by strong results on the Writing, Baby, Food, and Appliance businesses partially offset by declines in Commercial Products and Outdoor Solutions. 
• Co issues in-line guidance for FY16, sees EPS of $2.85-2.90, excluding non-recurring items, vs. $2.86 Capital IQ Consensus. Reported net sales for 2016 are projected to grow between 122.5 and 128.0 percent and reported earnings per share to be $1.15 to $1.20, after absorbing ~$1.18 of one-time costs related to the Jarden and Tools transactions. Raised lower end of both 2016 full year guidance ranges to 3.5 to 4.0 percent core sales growth and normalized earnings per share of $2.85 to $2.90 from previous guidance of 3 to 4 percent core sales growth and normalized earnings per share of $2.75 to $2.90 per share.
• Co sees FY17 normalized EPS of $2.85-3.05, including $0.20 of dilution, net of interest benefits, related to the planned divestiture of about 10 percent of the company's portfolio, may not compare to $3.06 Capital IQ Consensus; core sales +3-4%. 
• Newell Brands recently announced an update of its corporate strategy designed to capture the unique value creation opportunity related to its new larger portfolio and broader geographic and retail presence. As part of this new strategy, the company plans to transform Newell Brands from a holding company to an operating company, consolidating 32 business units to 16 Global Divisions while investing to extend its design, innovation and brand development capabilities across a broader set of categories. As part of its portfolio optimization, the company plans to divest businesses representing about $1.5 billion of annualized revenue. On October 12, 2016 the company announced a definitive agreement to sell the Tools business for $1.95 billion to Stanley Black & Decker. The sale is subject to customary conditions, including regulatory approval, and is expected to close in the first half of 2017. The company intends to use the available cash proceeds from divestitures primarily for accelerated debt repayment, with the goal of achieving the targeted leverage ratio of 3 to 3.5 times, faster than the original commitment of two to three years from the date of the Jarden combination.

Newell Rubbermaid (NWL) reported earnings on Fri 30 Oct 2015 (b/o)

• charts 2nd day after earnings