Newell Brands(NWL) - 2022 Q4 - Earnings Call Presentation

2022 Performance - Core sales declined by 9.4% year-over-year in Q4 2022[8] and 3.4% for the full year[25] - Full year 2022 net sales were $9.5 billion[11] with a normalized operating margin of 10.1%[11] and normalized diluted earnings per share of $1.57[11] - Q4 2022 net sales were $2.3 billion[11] with a normalized operating margin of 4.9%[11] and normalized diluted earnings per share of $0.16[11] - Inventory declined by more than $400 million from Q3 to Q4 2022[7] Segment Performance (FY 2022) - Commercial Solutions core sales grew by 5.2%[13] - Home Appliances core sales declined by 12.5%[13] - Home Solutions core sales declined by 8.6%[13] - Learning & Development core sales grew by 0.9%[13] - Outdoor & Recreation core sales declined by 3.0%[13] Regional Performance (FY 2022 Core Sales Growth) - North America core sales declined by 5.2%[12] - EMEA core sales declined by 3.4%[12] - APAC core sales grew by 1.3%[12] - LATAM core sales grew by 7.1%[12] 2023 Outlook - Q1 2023 net sales are projected to be $1.79 to $1.84 billion[48] with a core sales decline of 18% to 16%[48] - Full year 2023 net sales are projected to be $8.4 to $8.6 billion[48] with a core sales decline of 8% to 6%[48] - Full year 2023 normalized operating margin is expected to be 9.6% to 10.1%[48] and normalized EPS is expected to be $0.95 to $1.08[48]