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Article Date: February 2018
Word Count: 287

Newell Says It Will Accelerate Transformation

Conceding that its performance has not met expectations, Newell said that its operational performance has been on target since the Jarden acquisition and, although consumer spending has been strong, the company has faced a retail marketplace that is dealing with its own set of structural problems. That has largely been responsible for the shortfalls, but NWL remained confident that its simplification of operating structure and aggressive portfolio management would produce a much stronger company with sales of $11 billion and EBITDA of $2 billion in the long run. It also promised that the $6 billion it would raise from divestitures ... Log in to view full article.


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