NEWELL BRANDS INC.

Newell Brands announced the pricing of a private offering of $600 million aggregate principal amount of 6.250% senior unsecured notes due 2031. The company intends to use the net proceeds to redeem its outstanding 6.375% senior notes due 2027, pay related fees, and repay a portion of its asset-based revolving credit facility. The offering is expected to close on August 19, 2026.

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.

Newell Brands Inc. has entered into a new five-year asset-based revolving credit facility (ABL Credit Facility) for up to $800.0 million, with an additional uncommitted accordion feature of up to $500.0 million. On July 30, 2026, the company utilized $490.0 million from this new facility to repay and refinance its existing credit agreement. The ABL Credit Facility, maturing on July 30, 2031, will be used for working capital and general corporate purposes, providing enhanced financial flexibility.

Newell Brands reported strong second quarter 2026 results, with net sales increasing 3.0% to $2.0 billion and core sales growing 2.3%, marking the first sales growth in over four years. The company exceeded expectations across all key metrics, including a significant rise in normalized diluted EPS to $0.42. Based on this performance and tariff recoveries, Newell Brands raised its full-year 2026 outlook for sales, operating margin, EPS, and operating cash flow. Additionally, the company entered into a new $800 million asset-based revolving credit facility, extending maturity to 2031.

Newell Brands Inc. held its Annual Meeting on May 7, 2026, where stockholders approved the 2026 Incentive Plan, an equity- and cash-based incentive plan for eligible employees. Stockholders also elected eight nominees to the Board of Directors for a one-year term, ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2026, and approved the advisory resolution for named executive officer compensation.

Newell Brands reported Q1 2026 net sales of $1,549 million, a slight decrease from the prior year, but saw an improvement in net loss to $(33) million and diluted loss per share to $(0.08). Operating income increased to $34 million. The company continues to implement its Global Productivity Plan, which includes workforce reductions and store closures, incurring $6 million in restructuring costs during the quarter. Macroeconomic factors such as inflation, soft global demand, and fluctuating interest rates continue to impact the company's operations.