Quarterly ResultJul 31, 2026, 04:18 PM
Newell Brands Q2 Net Income $106M; Sales $1.99B
AI Summary
Newell Brands reported a significant increase in net income and sales for the second quarter and first six months of 2026. Net sales for Q2 rose to $1.99 billion, with net income reaching $106 million, up from $46 million in the prior year. The company continues to execute its global productivity plan, incurring $10 million in restructuring costs for the quarter, and has refinanced its $1.00 billion Credit Revolver. Despite improved financial performance, the company acknowledges ongoing macroeconomic challenges, including inflationary pressures and potential goodwill impairment risks.
Key Highlights
- Q2 Net Sales increased to $1.99 billion from $1.94 billion year-over-year.
- Q2 Net Income rose significantly to $106 million from $46 million year-over-year.
- Diluted EPS for Q2 increased to $0.25 from $0.11 year-over-year.
- Operating income for Q2 grew to $283 million from $171 million year-over-year.
- Net cash used in operating activities improved to $(204) million YTD from $(271) million.
- Restructuring costs for Q2 were $10 million, part of a $75M-$90M global productivity plan.
- Total debt stood at $5.01 billion as of June 30, 2026.
- Company refinanced its $1.00 billion Credit Revolver after quarter end.
Price Impact
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