Newell Brands(US:NWL)2022-10-28 19:11Q3 2022 Performance - Net sales were $2.3 billion, with a normalized operating margin of 10.2% and normalized diluted earnings per share of $0.53[13] - Core sales decreased by 10.8% year-over-year[10] - The company's performance decelerated in Q3 due to retailer inventory adjustments, customer order timing shifts, inflationary pressures, and a stronger U.S dollar[7] Regional Core Sales Growth (Q3 2022) - North America experienced a core sales decline of 15.0%[14] - EMEA (Europe, Middle East, and Africa) saw a core sales decrease of 3.3%[14] - LATAM (Latin America) core sales increased by 4.8%[14] - APAC (Asia Pacific) core sales decreased by 4.1%[14] Segment Performance (Q3 2022) - Commercial Solutions core sales grew by 9.2%, with a normalized operating margin increase of 350 bps year-over-year to 7.8%[16] - Home Appliances core sales declined by 23.2%, with a normalized operating margin decrease of 640 bps year-over-year to -1.0%[17] - Home Solutions core sales decreased by 11.6%, with a normalized operating margin decrease of 850 bps year-over-year to 5.9%[19] - Learning & Development core sales decreased by 9.9%, with a normalized operating margin decrease of 300 bps year-over-year to 19.7%[22] - Outdoor & Recreation core sales declined by 18.4%, with a normalized operating margin decrease of 250 bps year-over-year to 6.2%[25] Full Year 2022 Outlook - Net sales are projected to be between $9.35 billion and $9.43 billion[31] - Core sales are expected to decline by 3% to 4%[31] - Normalized operating margin is anticipated to be between 10.0% and 10.3%[31] - Normalized EPS (earnings per share) is forecasted to be between $1.56 and $1.61[31] Q4 2022 Outlook - Net sales are projected to be between $2.18 billion and $2.26 billion[28] - Core sales are expected to decline by 9% to 12%[28] - Normalized operating margin is anticipated to be between 5.1% and 6.5%[28] - Normalized EPS (earnings per share) is forecasted to be between $0.09 and $0.14[28]