Newell Brands Inc 8-K, filed Oct 30, 2026

Newell Brands Inc. (NWL)

8-K 2026-10-30 For: 2026-10-30

Added on October 30, 2026

About this 8-K

Newell Brands Inc filed this 8-K on October 30, 2026.

Newell Brands reported third-quarter net sales of $1.9 billion, up 3.7%, and a net loss of $81 million after a $101 million impairment. It raised its full-year 2026 sales outlook. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Delaware	1-9608	36-3514169
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)


Exhibit No.						Exhibit Description

99.1						Press Release dated October 30, 2026, issued by Newell Brands Inc. and Additional Financial Information.
101						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
104						The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.


		NEWELL BRANDS INC.

Dated: October 30, 2026	By:	/s/ Mark J. Erceg
		Mark J. Erceg
		Chief Financial Officer


	Q4 2026 Outlook
Net Sales	1% to 3%
Core Sales	1% to 3%
Normalized Operating Margin	8.4% to 9.0%
Normalized EPS	$0.17 to $0.19

	Updated Full-Year 2026 Outlook	Previous Full-Year 2026 Outlook
Net Sales	2% to 3%	1% to 2%
Core Sales	1% to 2%	Flat to 1%
Normalized Operating Margin	10.0% to 10.4%	10.0% to 10.4%
Normalized EPS	$0.74 to $0.76	$0.73 to $0.77


Investor Contact:			Media Contact:
Joanne Freiberger			Danielle Clark
SVP, Investor Relations & Chief Communications Officer			Director, External Communications
+1 (727) 947-0891			+1 (404) 783-0419
joanne.freiberger@newellco.com			danielle.clark@newellco.com


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


	Three Months Ended September 30,					Nine Months Ended September 30,
	2026		2025		Change	2026		2025		Change
Net sales	$	1,873	$	1,806	3.7%	$	5,416	$	5,307	2.1%
Cost of products sold	1,224		1,190			3,442		3,503
Gross profit	649		616		5.4%	1,974		1,804		9.4%
Selling, general and administrative expenses	508		492		3.3%	1,499		1,471		1.9%
Restructuring costs, net	13		5			30		22
Impairment of goodwill, intangibles and other assets	101		—			101		—
Operating income	27		119		(77.3)%	344		311		10.6%
Non-operating expenses:
Interest expense, net	86		83			257		237
Loss on extinguishment of debt	16		—			16		13
Other (income) expense, net	17		(6)			29		3
Income (loss) before income taxes	(92)		42		NM	42		58		(27.6)%
Income tax provision (benefit)	(11)		21			50		28
Net income (loss)	$	(81)	$	21	NM	$	(8)	$	30	NM

Weighted average common shares outstanding:
Basic	425.9		419.1			424.2		417.9
Diluted	425.9		423.5			424.2		422.4
Earnings (loss) per share:
Basic	$	(0.19)	$	0.05		$	(0.02)	$	0.07
Diluted	$	(0.19)	$	0.05		$	(0.02)	$	0.07

Dividends per share	$	0.07	$	0.07		$	0.21	$	0.21
* NM - NOT MEANINGFUL


	September 30, 2026		December 31, 2025
Assets
Current assets
Cash and cash equivalents	$	249	$	203
Accounts receivable, net	980		987
Inventories	1,596		1,281
Prepaid expenses and other current assets	529		237

Total current assets	3,354		2,708
Property, plant and equipment, net	1,156		1,209
Operating lease assets	437		453
Goodwill	3,082		3,101
Other intangible assets, net	1,453		1,634
Deferred income taxes	792		825
Other assets	654		785
Total assets	$	10,928	$	10,715

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$	1,121	$	931

Other accrued liabilities	1,518		1,464
Short-term debt and current portion of long-term debt	—		130

Total current liabilities	2,639		2,525
Long-term debt	4,841		4,543
Deferred income taxes	7		50
Operating lease liabilities	411		433
Other noncurrent liabilities	666		773
Total liabilities	8,564		8,324

Total stockholders' equity	2,364		2,391
Total liabilities and stockholders' equity	$	10,928	$	10,715


Restructuring and restructuring-related costs						The company incurs restructuring and restructuring-related costs in connection with various discrete initiatives, including our Global Productivity Plan announced in December 2025, previously disclosed initiatives such as our Realignment Plan in 2024 as well as other discrete actions. Restructuring charges primarily relate to severance and other employee termination costs as well as contract termination and other costs. Restructuring-related costs are costs that are directly attributable to a restructuring action or exit activity and would not have been incurred absent the action. Restructuring-related costs primarily relate to duplicative costs pending facility closure, asset valuation adjustments and disposal gains or losses and consulting costs. Restructuring-related costs primarily related to manufacturing and distribution personnel, facilities and assets are generally recorded in cost of products sold, while restructuring-related costs primarily related to office facilities and assets and professional or clerical personnel are generally recorded in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. Restructuring charges primarily related to the Global Productivity Plan and Realignment Plan for the three and nine months ended September 30, 2026 and 2025, respectively.
Amortization expense and impairments of acquired intangible assets						Represents the amortization expense and impairment charges associated with acquired intangible assets.
Argentina hyperinflationary currency movements						Represents the favorable or unfavorable movement in Argentine pesos related to our subsidiary operating in Argentina, which is considered a hyperinflationary economy.
(Gain) loss on divestitures and transaction costs						Represents the gain or loss on disposal of businesses or investments, which represents the difference between the fair value (less costs to sell) and carrying value of the business or investment being disposed, as well as transaction costs associated with acquisitions and divestitures.
(Gain) loss on pension settlement						Represents charges associated with settlement of certain of the Company’s defined benefit plans, which relates to the recognition of previously unrecognized actuarial losses in accumulated other comprehensive loss.
Other adjustments						Primarily includes loss on extinguishment of debt, recall costs for certain French Door Countertop Ovens, fire-related costs, net of insurance recoveries, write-off of assets not placed into service and expenses related to U.S. Tax Court legal proceeding disclosed in Footnote 10 - Income Taxes to our condensed consolidated financial statements contained in our most recent quarterly report on Form 10-Q.
Normalized income tax adjustments						The Company uses a “with” and “without” approach to calculate normalized income tax expense or benefit. At an interim period, the Company determines the year-to-date tax effect of the pretax items excluded from normalized results by allocating the difference between the calculated GAAP and calculated normalized tax expense or benefit. In addition, normalized income tax adjustments includes the income tax expense ($30 million, for each of the three months ended September 30, 2026 and 2025, $51 million and $52 million for the nine months ended September 30, 2026 and 2025, respectively) that results from the amortization of a prior year normalized tax benefit. The three and nine months ended September 30, 2025 also includes a net charge of $5 million and $9 million, respectively, related to certain discrete items including (1) an incremental tax charge relating to the Company's transition tax associated with the implementation of the Tax Cuts and Jobs Act in 2017 and (2) remeasurement of deferred taxes resulting from change in a U.S. income tax rate and surrender of insurance policies previously accounted for as a permanent difference.


	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025

Gross profit, as reported under GAAP	$	649		$	616		$	1,974		$	1,804
As a % of net sales	34.7		%	34.1		%	36.4		%	34.0		%

Normalized Adjustments:
Restructuring-related costs:
Asset valuation adjustments and disposal gains or losses	—			—			1			1
Duplicative costs pending facility closure or exit of business activity	—			—			—			3
Argentina hyperinflationary charge	1			2			2			6
Other, net	10			7			11			7
Normalized gross profit	$	660		$	625		$	1,988		$	1,821
As a % of net sales [1]	35.2		%	34.5		%	36.7		%	34.3		%

Operating income, as reported under GAAP	$	27		$	119		$	344		$	311
As a % of net sales	1.4		%	6.6		%	6.4		%	5.9		%

Normalized Adjustments:
Restructuring:
Severance and other employee termination costs	13			4			28			21
Contract termination and other costs	—			1			2			1
Restructuring-related costs:
Asset valuation adjustments and disposal gains or losses	2			3			2			15
Duplicative costs pending facility closure or exit of business activity	1			1			3			9
Consulting costs	—			(1)			—			(1)
Amortization of acquired intangible assets	23			24			71			70
Impairment of acquired intangible assets	101			—			101			—
Loss on divestitures and transaction costs	—			1			3			1
Argentina hyperinflationary charge	1			2			2			6
Other, net	16			8			26			8
Total normalized adjustments to operating income, as reported under GAAP	157			43			238			130
Normalized operating income	$	184		$	162		$	582		$	441
As a % of net sales [1]	9.8		%	8.9		%	10.7		%	8.3		%


	Three Months Ended September 30, 2026												Three Months Ended September 30, 2025												Change
	Net Sales		Reported Operating Income (Loss)		Reported Operating Margin		Normalized Items [1]		Normalized Operating Income (Loss) [1]		Normalized Operating Margin		Net Sales		Reported Operating Income (Loss)		Reported Operating Margin		Normalized Items [1]		Normalized Operating Income (Loss) [1]		Normalized Operating Margin [2]		Net Sales				Normalized Operating Income (Loss)

																									$		%		$		%
Home and Commercial Solutions	$	1,012	$	(37)	(3.7)	%	$	123	$	86	8.5	%	$	942	$	40	4.2	%	$	24	$	64	6.8	%	$	70	7.4	%	$	22	34.4%
Learning and Development	692		137		19.8	%	20		157		22.7	%	681		124		18.2	%	6		130		19.1	%	11		1.6	%	27		20.8%
Outdoor and Recreation	169		(14)		(8.3)	%	4		(10)		(5.9)	%	183		(8)		(4.4)	%	7		(1)		(0.5)	%	(14)		(7.7)	%	(9)		NM
Corporate	—		(59)		—	%	10		(49)		—	%	—		(37)		—	%	6		(31)		—	%	—		—	%	(18)		(58.1)%
	$	1,873	$	27	1.4	%	$	157	$	184	9.8	%	$	1,806	$	119	6.6	%	$	43	$	162	8.9	%	$	67	3.7	%	$	22	13.6%


	Nine Months Ended September 30, 2026												Nine Months Ended September 30, 2025												Change
	Net Sales		Reported Operating Income (Loss)		Reported Operating Margin		Normalized Items [1]		Normalized Operating Income (Loss) [1]		Normalized Operating Margin		Net Sales		Reported Operating Income (Loss)		Reported Operating Margin		Normalized Items [1]		Normalized Operating Income (Loss) [1]		Normalized Operating Margin [2]		Net Sales				Normalized Operating Income (Loss)

																									$		%		$		%
Home and Commercial Solutions	$	2,695	$	9	0.3	%	$	163	$	172	6.4	%	$	2,646	$	62	2.3	%	$	66	$	128	4.8	%	$	49	1.9	%	$	44	34.4%
Learning and Development	2,137		553		25.9	%	30		583		27.3	%	2,062		424		20.6	%	16		440		21.3	%	75		3.6	%	143		32.5%
Outdoor and Recreation	584		(17)		(2.9)	%	14		(3)		(0.5)	%	599		(5)		(0.8)	%	17		12		2.0	%	(15)		(2.5)	%	(15)		NM
Corporate	—		(201)		—	%	31		(170)		—	%	—		(170)		—	%	31		(139)		—	%	—		—	%	(31)		(22.3)%
	$	5,416	$	344	6.4	%	$	238	$	582	10.7	%	$	5,307	$	311	5.9	%	$	130	$	441	8.3	%	$	109	2.1	%	$	141	32.0%


	Three Months Ended September 30, 2026								Nine Months Ended September 30, 2026
	Net Sales Growth (Reported)		Divestitures and Other, Net [2]		Currency Impact [3]		Core Sales Growth [1] [4]		Net Sales Growth (Reported)		Divestitures and Other, Net [2]		Currency Impact [3]		Core Sales Growth [1] [4]

Home and Commercial Solutions	7.4	%	(0.3)	%	(1.1)	%	6.0	%	1.9	%	—	%	(2.0)	%	(0.1)	%
Learning and Development	1.6	%	0.5	%	0.2	%	2.3	%	3.6	%	0.3	%	(0.6)	%	3.3	%
Outdoor and Recreation	(7.7)	%	0.3	%	1.0	%	(6.4)	%	(2.5)	%	0.7	%	(0.5)	%	(2.3)	%
Total Company	3.7	%	—	%	(0.4)	%	3.3	%	2.1	%	0.2	%	(1.4)	%	0.9	%


	Trailing-twelve months ended September 30, 2026		Twelve months ended December 31, 2025		Trailing-twelve months ended September 30, 2025
Net debt reconciliation:
Short-term debt and current portion of long-term debt	$	—	$	130	$	237
Long-term debt	4,841		4,543		4,540
Gross debt	4,841		4,673		4,777
Less: Cash and cash equivalents	249		203		229
Net debt [1]	$	4,592	$	4,470	$	4,548

Net loss, as reported under GAAP	$	(323)	$	(285)	$	(24)

Normalized adjustments:
Restructuring:
Severance and other employee termination costs	67		60		25
Contract termination and other costs	3		2		2
Restructuring-related costs:
Asset valuation adjustments and disposal gains or losses	4		17		20
Duplicative costs pending facility closure or exit of business activity	6		12		12
Consulting costs	—		(1)		—
Amortization of acquired intangible assets	93		92		94
Impairment of acquired intangible assets	441		340		85
Gain on divestitures and transaction costs	8		(6)		(5)
(Gain) loss on pension settlement	26		—		(1)
Argentina hyperinflationary charge	6		16		17
Other, net	59		43		34
Normalized income tax adjustments	(70)		(50)		(25)
Total normalized adjustments, net of tax	643		525		258
Normalized net income	320		240		234

Normalized income tax	76		34		28
Interest expense, net	341		321		309
Normalized depreciation and amortization [2]	221		219		215
Stock based compensation expense	72		68		71
Normalized EBITDA	$	1,030	$	882	$	857


	Three Months Ending December 31, 2026			Twelve Months Ending December 31, 2026
Estimated net sales change (GAAP)	1%	to	3%	2%	to	3%
Estimated currency impact [1] and divestitures and other, net [2]	Flat			-1%
Core sales change (Non-GAAP) [3]	1%	to	3%	1%	to	2%