UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED COMMISSION FILE NUMBER December 31, 2023 1-9608 NEWELL BRANDS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 36-3514169 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, 30328 Atlanta, Georgia (Zip Code) (Address of p ...

Financial Data and Key Metrics Changes - Full-year sales exceeded expectations, driven by stronger-than-expected U.S. demand, with a normalized gross margin improvement of 570 basis points year-over-year [17][25] - Operating cash flow increased by $1.2 billion compared to 2022, totaling $930 million for the year, aided by a $700 million inventory reduction [17][29] - Net debt was reduced by approximately $500 million, with a leverage ratio decreasing from 6.1x at the end of Q3 to 5.6x at the end of Q4 [18][29] Business Line Data and Key Metrics Changes - Core sales declined by 12%, primarily due to category contraction and retailer inventory actions, with 80% of the decline attributed to these factors [18][26] - The normalized gross margin for Q4 was 32.3%, reflecting a 100 basis point sequential improvement and the second consecutive quarter of year-over-year expansion [26][27] - SG&A savings from Project Phoenix amounted to $53 million in Q4, contributing to a normalized operating margin increase of 280 basis points to 7.7% [27][28] Market Data and Key Metrics Changes - International markets accounted for approximately 37% of Newell's sales in 2023, representing a significant growth opportunity [11] - The company expects core sales and net sales to decline by 3% to 6% and 5% to 8% respectively in 2024, with market growth projected to be down low single digits [30][31] Company Strategy and Development Direction - The company introduced a new corporate strategy focusing on innovation, brand building, and go-to-market excellence in its top 25 brands and top 10 markets [6][7] - Plans for 2024 include operationalizing the new strategy, improving top-line performance, driving gross margin improvements, and reducing complexity through business process redesign [20][21][22] Management's Comments on Operating Environment and Future Outlook - The macroeconomic backdrop is expected to remain challenging, with consumers under pressure and geopolitical uncertainties affecting operations [19] - Management expressed confidence in returning to sustainable and profitable growth, with expectations for improved market share performance as capability improvements take effect [20][47] Other Important Information - The company plans to invest approximately $300 million in capital expenditures in 2024, primarily on high-return cost-saving projects [42] - The new business development team has already secured incremental distribution with new customers, contributing to better-than-expected core sales in Q4 [49] Q&A Session Summary Question: What confidence do you have in the top line trajectory? - Management noted positive signs, with market share growth on eight of the top 25 brands expected to increase in 2024 [41] Question: Can you provide background on the credit agreement changes? - The company amended its credit facility to enhance financial flexibility, resulting in a secured facility with additional covenants [53][55] Question: What is the long-term gross margin target? - The long-term target remains in the high 30s, with expectations for gross margin improvement driven by exiting unattractive business segments and productivity savings [57][58] Question: How will the new initiatives impact sales mix? - The eight Tier 1 and 2 initiatives will build throughout the year, with the first product launching in March [62] Question: What is the outlook for the Outdoor & Recreation business? - This segment is expected to take longer to turn around, but improvements are anticipated in 2024 relative to 2023 [107]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2023 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) Delaware 36-3514169 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 3 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended June 30, 2023 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) Delaware 36-3514169 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 30328 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended March 31, 2023 Commission File Number 1-9608 NEWELL BRANDS INC. (Exact name of registrant as specified in its charter) Delaware 36-3514169 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, Atlanta, Georgia 30328 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED COMMISSION FILE NUMBER December 31, 2022 1-9608 NEWELL BRANDS INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) Delaware 36-3514169 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6655 Peachtree Dunwoody Road, 30328 Atlanta, Georgia (Zip Code) (Address of p ...

Some of the statements in this presentation and its exhibits, particularly those anticipating future financial performance, business prospects, growth, operating strategies, the benefits and savings associated with Project Phoenix, future macroeconomic conditions and similar matters, are forward looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements generally can be identified by the use of words or phrases, including, but not limited to, "guidan ...

Newell Brands Inc. (NASDAQ:NWL) Q4 2022 Results Conference Call February 10, 2023 8:30 AM ET Company Participants Sofya Tsinis - VP, IR Ravi Saligram - CEO Mark Erceg - CFO Chris Peterson - President Conference Call Participants Bill Chappell - Truist Olivia Tong - Raymond James Peter Grom - UBS Kevin Grundy - Jefferies Andrea Teixeira - JP Morgan Lauren Lieberman - Barclays Operator Good morning, and welcome to the Newell Brands' Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instru ...

Q3 2022 Supplemental Information Newell Brands Quarterly Earnings 1 Forward Looking Statements Some of the statements in this presentation and its exhibits, particularly those anticipating future financial performance, business prospects, growth, operating strategies, the impact of the COVID-19 pandemic and similar matters, are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements generally can be identified by the use of words or phrase ...

Newell Brands Inc. (NASDAQ:NWL) Q3 2022 Earnings Conference Call October 28, 2022 11:00 AM ET Company Participants Sofya Tsinis - Vice President, Investor Relations Ravi Saligram - Chief Executive Officer Chris Peterson - President and Chief Financial Officer Conference Call Participants Bill Chappell - Truist Kevin Grundy - Jefferies Andrea Teixeira - JPMorgan Stephen Powers - Deutsche Bank Olivia Tong - Raymond James Lauren Lieberman - Barclays Peter Grom - UBS Operator Good morning, ladies and gentlemen ...