Company Performance & Strategy - Newell Brands initiated a multi-year turnaround in 2023 based on a comprehensive capability assessment, aiming to improve top line, expand margins, and improve cash flow[16] - The company's new strategy is yielding results, evidenced by improving top line trends, margin expansion, and strong cash flow[17] - Newell is focused on simplifying its operations, reducing headcount from 29,000 in March 2022 to 24,000 in December 2024[39], and rationalizing SKUs by approximately 80%[40] - The company is concentrating investments on its largest and most profitable brands, targeting Millennial and Gen Z consumers[21] Financial Highlights - Newell Brands' net sales were $7.6 billion as of 2024 year-end[10] - Normalized EBITDA was $900 million as of 2024 year-end[10] - International sales accounted for 38% of net sales[10] - The company targets low single-digit core sales growth annually[86] Operational Improvements - Newell has upgraded approximately 50% of its marketing talent and reduced VP+ positions by approximately 21%[31] - Global fill rates have improved from 90% in 2022 to 95% in 2024[41] - The company has identified over $500 million in whitespace opportunities in new and existing channels globally[75]