Newell Brands: A Turnaround Story in the Making

Newell Brands (NWL) has been making waves in the consumer goods industry with its strategic transformation, and the company's recent fourth quarter and full year 2024 results are a testament to its progress. As an investor, I've been keeping a close eye on Newell Brands, and I'm excited to share my thoughts on the company's latest developments.

First, let's take a look at the numbers. In the fourth quarter of 2024, Newell Brands reported net sales of $1.9 billion, down 6.1% year-over-year, with core sales declining 3.0%. Despite the decline in sales, the company showed significant improvements in profitability metrics. Reported gross margin increased to 34.2% from 29.9% in the prior year, and normalized operating margin rose to 7.1% from 6.4%. Normalized diluted EPS was $0.16, down from $0.18 in the prior year. For the full year 2024, the company achieved normalized EBITDA of $900 million, up from $782 million in 2023.