Silicon Investor - NWL: Newell Rubbermaid, Inc.

[drmicrocap] The "Street" has NWL coming in at .77

drmicrocap — 1/4/2018 1:13:44 AM

[hollyhunter] Bullish crossover in MACD and Stochastic oscillator. [graphic]

hollyhunter — 4/18/2017 8:43:05 AM

Bullish crossover in MACD and Stochastic oscillator.

[drmicrocap] Whisper Number

drmicrocap — 3/23/2017 5:49:43 AM

[hollyhunter] Indicators show bullish crossover in MACD and Stochastic oscillator. Looking for...

hollyhunter — 2/25/2017 7:57:14 PM

Indicators show bullish crossover in MACD and Stochastic oscillator. Looking for breakout at 48.83 with a short term target of 57.03.

[drmicrocap] IN THE NEWS: NWL

drmicrocap — 2/18/2017 4:35:54 PM

[drmicrocap] In The News: NWL

drmicrocap — 12/26/2016 10:44:06 PM

[drmicrocap] In The News: NWL

drmicrocap — 12/15/2016 2:05:39 PM

[drmicrocap] IN THE NEWSNWL beats by .05

drmicrocap — 10/28/2016 9:23:52 AM

[drmicrocap] Whisper Number The "Street" has NWL coming in at .77 for the 3rd Quarter ended ...

drmicrocap — 8/19/2016 6:59:18 PM

Whisper Number

The "Street" has NWL coming in at .77 for the 3rd Quarter ended September 2016 that should be reported on or about October 28, 2016.

All comments welcome.

The "Good Dr's In!"

whispernumber.com

[more100] Newell Rubermaid ($NWL +4.70%) was raised to 'Top Pick' from 'Outperform' at RBC...

more100 — 12/17/2015 5:30:39 AM

Newell Rubermaid ($NWL +4.70%) was raised to 'Top Pick' from 'Outperform' at RBC Capital Markets with a 12-month price target of $60.

[drmicrocap] Just in time to make it into the 2015 record books, a couple of big household-pr...

drmicrocap — 12/7/2015 8:52:01 PM

Just in time to make it into the 2015 record books, a couple of big household-products makers may be on the verge of a deal.

Combined Market Value

$24 billion

Newell Rubbermaid and Jarden -- companies with a combined market value of $24 billion -- are in talks to combine, according to a Wall Street Journal report late Monday. The union would put products from Mr. Coffee machines to Rawlings baseballs, PaperMate pens and, of course, Rubbermaid containers all under the same roof.

Shares of Newell Rubbermaid and Jarden closed roughly 7 percent and 4 percent higher, respectively, and although the deal's structure is unclear, it makes sense for Newell Rubbermaid -- the slightly larger of the two, with a market value of almost $13 billion -- to be seeking out its biggest bet yet.

Newell Rubbermaid's shares had climbed 18 percent this year before news of the deal on Monday. Last week, it surpassed the $45 mark, a feat it hadn't achieved since the middle of 1999.

Divergent
Newell Rubbermaid has outperformed Jarden this year.

Source: Bloomberg

So perhaps it's no surprise that, buoyed by the company's best price in more than 15 years, Newell Rubbermaid CEO Michael Polk is thinking big despite what he's previously guided.

At a Morgan Stanley conference three weeks ago, Polk said the company's priority was to make bolt-on M&A acquisitions, similar to those it had done in the past. He outlined about $5.5 billion of capacity over the next few years for deals, buybacks and an increased dividend.

For his own part, Jarden CEO James Lillie said in April that company "would consider selling all of Jarden" if the right bidder came along.

Jarden certainly wouldn't be a bolt-on acquisition: it'd be at least double the company's $6 billion acquisition of Rubbermaid in 1999, its biggest deal so far. But buying Jarden would give it a more diverse stable of brands, including Coleman coolers, Bicycle playing cards and the recently added Waddington food containers and Jostens class rings and yearbooks.

And even though Newell Rubbermaid is the bigger of the two companies, Jarden actually brings in more revenue. Helped by its biggest year for acquisitions yet and a projected 16 percent pop in revenue next year, Jarden is on track for more than $10 billion in sales in 2016 versus a projected $6.1 billion for Newell Rubbermaid.

All of that potential comes at a price. Back in August, investors pushed Jarden's enterprise value to a record 22 times trailing Ebitda. While foreign exchange headwinds and pressures on its Brazilian business have since driven the stock down, Jarden is still pricier than most big U.S. household products companies.

Going Up
Jarden's valualtion has been rising.

Source: Bloomberg

Even so, as long as Newell Rubbermaid pays at least 30 percent in cash, a deal should be accretive to 2016 earnings per share at a 30 percent premium to Jarden's unaffected stock price -- before accounting for synergies, according to data compiled by Bloomberg. That may be as good a reason as any for another record to fall.

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the authors of this story:
Gillian Tan in New York at gtan129@bloomberg.net
Brooke Sutherland in New York at bsutherland7@bloomberg.net

To contact the editor responsible for this story:
Beth Williams at bewilliams@bloomberg.net

[drmicrocap] Newell Rubbermaid Announces Sale of Rubbermaid Medical Cart Business to Capsa So...

drmicrocap — 8/7/2015 1:17:44 AM

Newell Rubbermaid Announces Sale of Rubbermaid Medical Cart Business to Capsa Solutions

Newell Rubbermaid Inc. 15 hours ago

ATLANTA--(BUSINESS WIRE)--

Newell Rubbermaid Inc. ( NWL) announced today that it has sold its Rubbermaid medical carts business to Capsa Solutions, a leader in the development and manufacturing of mobile computer workstations, medical carts, health IT mounting solutions and medication management systems, based in Portland, OR.

“Our Growth Game Plan strategy is designed to accelerate performance by setting clear priorities for our business,” said Michael Polk, Newell Rubbermaid President and Chief Executive Officer. “This transaction will further simplify our portfolio as we continue to invest behind our highest-potential global growth opportunities. We believe the medical cart business, while not core to our strategy, will be a strong performer in the hands of an owner who is focused and committed to growing and innovating in this healthcare category.”

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2014 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Contigo®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica®, Baby Jogger® and Dymo®. As part of the company’s Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking information based on management's current views and assumptions. Actual events may differ materially. Factors that may affect actual results include, but are not limited to, whether and when the required regulatory approvals will be obtained, whether and when the closing conditions will be satisfied and whether and when the transaction will close. Please refer to the cautionary statements set forth in the "Forward-Looking Statements" section of the Company's most recently filed Annual Report on Form 10-K as well as the risk factors set forth in Item 1A thereto, for other factors that could affect our business.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150806005679/en/

Newell Rubbermaid
Contact:
Newell Rubbermaid Inc.
Nancy O’Donnell, 770-418-7723
Vice President, Investor Relations
or
Nicole Quinlan, 770-418-7251
Senior Manager, Global Communications

[drmicrocap] Newell Rubbermaid Raises Full Year Guidance on Strong Second Quarter Results5....

drmicrocap — 7/31/2015 12:41:57 PM

Newell Rubbermaid Raises Full Year Guidance on Strong Second Quarter Results5.1% Core Sales Growth and Normalized EPS of $0.64

3.9% Net Sales Growth and Reported EPS of $0.55

Raises Full Year 2015 Core Sales and Normalized EPS Guidance

Second Quarter Executive Summary

5.1 percent core sales growth, excluding a 480 basis point net contribution from acquisitions and planned divestitures and a 600 basis point negative impact from foreign currency; 3.9 percent net sales growth 40.0 percent normalized gross margin, a 10 basis point improvement compared to the prior year; 39.8 percent reported gross margin, a 20 basis point improvement compared to the prior year 150 basis point increase in advertising and promotion while holding normalized operating margin flat at 16.0 percent; 13.8 percent reported operating margin, a 40 basis point decline compared to prior year primarily attributable to increased restructuring and other Project Renewal transformation costs

$0.64 normalized EPS compared to $0.59 in the prior year, an 8.5 percent increase despite an $0.11 negative impact from foreign exchange; $0.55 reported EPS compared to $0.54 in the prior year Repurchased 1.3 million shares at a cost of $50.4 million Full year 2015 core sales guidance revised upward to 4 to 5 percent from 3.5 to 4.5 percent; normalized EPS guidance revised upward to $2.14 to $2.20 from $2.10 to $2.18

Newell Rubbermaid 5 hours ago

ATLANTA--(BUSINESS WIRE)--

Newell Rubbermaid ( NWL) announced its second quarter 2015 financial results today.

“We have posted a strong set of second quarter results with core sales growth of 5.1 percent and normalized earnings per share growth of 8.5 percent, despite unprecedented foreign exchange pressure on earnings,” said Michael Polk, President and Chief Executive Officer. “Core sales grew in all five of our segments and in all four geographic regions. Our Win Bigger businesses grew 6.5 percent, led by our global Writing business which grew core sales over ten percent. Momentum continued to build in our Baby & Parenting business, which also had a strong quarter with core growth of 6.0 percent. We are driving accelerated growth and earnings performance as a result of strengthened innovation, increased investment in brands, aggressive cost programs and excellent commercial execution.

“Our strong second quarter results represent another milestone in our journey to establish Newell’s story of both category leading growth and margin development. Our current growth momentum, our plans for strong innovation and increased brand support in the second half and continued cost benefits from Project Renewal give us the confidence to raise our guidance for full year 2015 core sales growth to 4 to 5 percent and normalized EPS to $2.14 to $2.20, or 7 to 10 percent above prior year.”

Second Quarter 2015 Operating Results

Net sales in the second quarter were $1.56 billion compared with $1.50 billion in the prior year. Core sales grew 5.1 percent, excluding a 480 basis point net contribution from acquisitions and planned divestitures and a 600 basis point negative impact from foreign currency.

Reported gross margin was 39.8 percent, a 20 basis point improvement versus prior year.

Normalized gross margin improved 10 basis points to 40.0 percent, as benefits from productivity and pricing more than offset the negative impacts of foreign currency and mix from acquisitions.

Second quarter reported operating margin was 13.8 percent and operating income was $214.7 million, compared with 14.2 percent and $213.3 million, respectively, in the prior year.

Normalized operating margin was 16.0 percent, flat compared with the prior year despite a 150 basis point increase in advertising and promotion expense. Normalized operating income was $249.4 million compared with $239.7 million in the prior year as the benefits of Project Renewal and other cost savings initiatives more than offset increased investment in advertising and promotion and pressure from foreign exchange.

The reported tax rate for the quarter was 22.7 percent compared with 25.8 percent in the prior year. The normalized tax rate was 24.5 percent compared with 27.2 percent in the prior year.

Normalized net income was $174.5 million compared with $165.5 million in the prior year. Normalized diluted earnings per share were $0.64, an increase of 8.5 percent versus $0.59 in the prior year. The improvement in normalized diluted earnings per share was attributable to increased core sales, contribution from prior year acquisitions, gross margin expansion, a lower tax rate and the positive impact of fewer outstanding shares, which more than offset a significant increase in advertising and promotion support, negative foreign currency impacts and increased interest expense related to borrowing in support of prior year acquisitions.

Reported diluted earnings per share were $0.55, compared with $0.54 per diluted share in the prior year. Reported net income was $148.5 million, compared with $150.6 million in the prior year. In addition to the factors cited in the explanation of normalized diluted earnings per share, reported diluted earnings per share were negatively impacted by higher incremental restructuring and other Project Renewal transformation costs in 2015.

Operating cash flow was $102.5 million compared with $96.2 million in the prior year period.

A reconciliation of the “as reported” results to “normalized” results is included in the appendix.

Second Quarter 2015 Operating Segment Results

Writing net sales for the second quarter were $495.9 million, a 1.3 percent increase compared to prior year, reflecting a 950 basis point impact from negative foreign currency. Writing core sales increased 10.8 percent, reflecting strong growth in Latin America and EMEA attributable to excellent Back-to-School sell-in, pricing, increased distribution, and increased marketing support. In North America, solid Back-To-School sell-in drove good growth despite a comparison to the prior year quarter which included a timing-related benefit of approximately $15.0 million. Normalized operating income was $133.0 million compared with $133.1 million in the prior year. Normalized operating margin was 26.8 percent compared with 27.2 percent in the prior year as a result of negative foreign currency impacts and increased advertising and promotion spending.

Home Solutions net sales were $438.5 million, a 14.4 percent increase compared to the prior year, largely attributable to the contribution from the Contigo and bubba brand acquisitions. Core sales increased 1.2 percent, attributable to growth in Rubbermaid Food Storage, partially offset by continued planned contraction of the lower margin Rubbermaid Consumer Storage business and the absence of prior year new customer pipeline fill on Calphalon. Normalized operating income was $69.9 million versus $48.7 million in the prior year. Normalized operating margin expanded by 320 basis points to 15.9 percent of sales as a result of the positive mix effect from Rubbermaid Food storage, input cost deflation, and strong productivity, partially offset by increased advertising and promotion spending and the impact of negative foreign currency.

Tools net sales were $205.2 million, a 7.7 percent decline compared to the prior year reflecting a 900 basis point impact from negative foreign currency. Core sales grew 1.3 percent in comparison with nearly thirteen percent growth in the prior year. Growth in North America, EMEA and APAC was attributable to innovation, distribution gains on the core portfolio and pricing, while Latin America core sales declined modestly versus the 2014 pipeline fill related to a significant product offering expansion. Normalized operating income was $23.4 million versus $29.9 million in the prior year. Normalized operating margin was 11.4 percent of sales compared with 13.5 percent of sales in the prior year, primarily driven by the impact of negative foreign currency and an increase in advertising and promotion spending, partially offset by pricing and strong productivity.

Commercial Products net sales were $210.6 million, a 5.8 percent decline compared to the prior year. Core sales increased 1.6 percent in comparison with about 10 percent growth in the prior year, driven by innovation and pricing in North America and Asia. Core sales exclude the Rubbermaid medical cart business which the company is currently marketing for divestiture. Normalized operating income was $29.0 million compared with $36.2 million in the prior year. Normalized operating margin was 13.8 percent of sales, compared with 16.2 percent of sales in the prior year, primarily driven by an increase in advertising and promotion spending and the impact of negative foreign currency.

Baby & Parenting net sales were $210.7 million, a 14.7 percent increase compared to the prior year, largely attributable to net sales from the 2014 Baby Jogger acquisition which more than offset a 590 basis point impact from negative foreign currency. Core sales grew 6.0 percent driven by robust growth in North America and double digit innovation-led growth in APAC. Normalized operating income was $16.8 million compared to $12.6 million in the prior year. Normalized operating margin was 8.0 percent of sales compared with 6.9 percent in the prior year.

2015 Full Year Outlook

Newell Rubbermaid announced a positive revision to full year 2015 core sales growth and normalized EPS guidance metrics as follows:

	Current Guidance	Previous Guidance
Core sales growth	4.0% to 5.0%	3.5% to 4.5%
Currency impact	(5.0%) to (6.0%)	(4.5% to 5.5%)
Impact of acquisitions, net of planned divestitures	4.0% to 5.0%	4.0% to 5.0%
Net sales growth	3.0% to 4.0%	3.0% to 4.0%
Normalized EPS	$2.14 to $2.20	$2.10 to $2.18

The company expects foreign exchange to have a negative impact of about $0.36 to $0.39 per diluted share on normalized EPS in 2015 driven by the stronger U.S. dollar to most currencies.

The 2015 normalized EPS guidance range excludes between $140 and $160 million of Project Renewal restructuring and other Project Renewal transformation costs, discontinued operations, foreign exchange losses and other costs associated with the devaluation of the Venezuelan Bolivar, acquisition and integration costs and costs associated with the Graco recall. A reconciliation of “expected reported” results to “normalized” results is included in the appendix.

Cumulative costs of Project Renewal are expected to be $690 to $725 million pretax, with cash costs of $645 to $675 million. Project Renewal is expected to generate annualized cost savings of approximately $620 to $675 million by the end of 2017. The majority of these savings will be reinvested in new capabilities and incremental brand building investment for accelerated growth in the company’s home markets and the geographic deployment of its Win Bigger portfolio into the faster growing emerging markets.

Conference Call

The company’s second quarter 2015 earnings conference call will be held today, July 31, 2015, at 8:30 a.m. ET. A link to the webcast is provided under Events & Presentations in the Investor Relations section of Newell Rubbermaid’s Web site at www.newellrubbermaid.com. A webcast replay and a supporting slide presentation will be made available in the Investor Relations section on the company’s Web site under Quarterly Earnings.

Non-GAAP Financial Measures

This release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission and includes a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

The company uses certain non-GAAP financial measures that are included in this press release and the additional financial information both in explaining its results to stockholders and the investment community and in its internal evaluation and management of its businesses. The company’s management believes that these non-GAAP financial measures and the information they provide are useful to investors since these measures (a) permit investors to view the company’s performance using the same tools that management uses to evaluate the company’s past performance, reportable business segments and prospects for future performance and (b) determine certain elements of management’s incentive compensation.

The company’s management believes that core sales provides a more complete understanding of underlying sales trends by providing sales on a consistent basis as it excludes the impacts of acquisitions, planned or completed divestitures and changes in foreign currency from year-over-year comparisons. As reflected in the Currency Analysis, the effect of foreign currency on reported sales is determined by applying a fixed exchange rate, calculated as the 12-month average in the prior year, to the current and prior year local currency sales amounts (excluding acquisitions and planned divestitures), with the difference in these two amounts being the increase or decrease in core sales, and the difference between the change in as reported sales and the change in core sales reported as the currency impact. The company’s management believes that “normalized” gross margin, “normalized” SG&A expense, “normalized” operating income, “normalized” earnings per share and “normalized” tax rates, which exclude restructuring and other expenses and one-time and other events such as costs related to product recalls, the extinguishment of debt, certain tax benefits and charges, impairment charges, pension settlement charges, discontinued operations, costs related to the acquisition and integration of acquired businesses, advisory costs for process transformation and optimization initiatives, dedicated personnel costs related to transformation initiatives under Project Renewal, asset devaluations resulting from the adoption and continued use of the SICAD Venezuelan Bolivar exchange rate and certain other items, are useful because they provide investors with a meaningful perspective on the current underlying performance of the company’s core ongoing operations. The company also uses core sales, normalized gross margin and normalized earnings per share as the three performance criteria in its management cash bonus plan, and the company uses core sales and normalized earnings per share as two of the three performance criteria in its performance-based equity compensation arrangements.

The company determines the tax effect of the items excluded from normalized diluted earnings per share by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected. In certain situations in which an item excluded from normalized results impacts income tax expense, the company uses a “with” and “without” approach to determine normalized income tax expense.

While the company believes that these non-GAAP financial measures are useful in evaluating the company’s performance, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2014 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Contigo®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica®, Baby Jogger® and Dymo®. As part of the company’s Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

Statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income, operating margin or gross margin improvements or declines, Project Renewal, capital and other expenditures, cash flow, dividends, restructuring and other project costs, costs and cost savings, inflation or deflation, particularly with respect to commodities such as oil and resin, debt ratings, changes in exchange rates, product recalls, expected benefits and financial results from recently completed acquisitions and planned divestitures and management's plans, projections and objectives for future operations and performance. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believe," "estimate" and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail, commercial and industrial sectors of the economy in light of the continuation or escalation of the global economic slowdown or regional sovereign debt issues; currency fluctuations; competition with other manufacturers and distributors of consumer products; major retailers' strong bargaining power and consolidation of our retail customers; changes in the prices of raw materials and sourced products and our ability to obtain raw materials and sourced products in a timely manner from suppliers; our ability to develop innovative new products and to develop, maintain and strengthen our end-user brands, including the ability to realize anticipated benefits of increased advertising and promotion spend; product liability, product recalls or regulatory actions; our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; a failure of one of our key information technology systems or related controls; the potential inability to attract, retain and motivate key employees; future events that could adversely affect the value of our assets and require impairment charges; our ability to improve productivity and streamline operations; changes to our credit ratings; significant increases in the funding obligations related to our pension plans due to declining asset values, declining interest rates or otherwise; the imposition of tax liabilities greater than our provisions for such matters; the risks inherent in our foreign operations, including exchange controls and pricing restrictions; our ability to complete planned acquisitions and divestitures; our ability to realize the expected benefits and financial results from our recently acquired businesses and planned divestitures; and those factors listed in our most recently filed Quarterly Report on Form 10-Q and exhibit 99.1 thereto filed with the Securities and Exchange Commission. Changes in such assumptions or factors could produce significantly different results. The information contained in this news release is as of the date indicated. The company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.


Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)



	Three Months Ended June 30,
							YOY
	2015			2014			% Change

Net sales	$	1,560.9		$	1,502.2		3.9	%
Cost of products sold		939.9			906.6

GROSS MARGIN		621.0			595.6		4.3	%
% of sales		39.8	%		39.6	%


Selling, general & administrative expenses		393.0			370.8		6.0	%
% of sales		25.2	%		24.7	%

Restructuring costs		13.3			11.5

OPERATING INCOME		214.7			213.3		0.7	%
% of sales		13.8	%		14.2	%

Nonoperating expenses:
Interest expense, net		18.1			15.0
Other expense (income), net		5.0			(2.6	)
		23.1			12.4		86.3	%

INCOME BEFORE INCOME TAXES		191.6			200.9		(4.6	)%
% of sales		12.3	%		13.4	%

Income taxes		43.5			51.9		(16.2	)%
Effective rate		22.7	%		25.8	%

NET INCOME FROM CONTINUING OPERATIONS		148.1			149.0		(0.6	)%
% of sales		9.5	%		9.9	%

Income from discontinued operations, net of tax		0.4			1.6

NET INCOME	$	148.5		$	150.6		(1.4	)%
		9.5	%		10.0	%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$	0.55		$	0.54
Income from discontinued operations	$	-		$	0.01
Net income	$	0.55		$	0.54

Diluted
Income from continuing operations	$	0.55		$	0.53
Income from discontinued operations	$	-		$	0.01
Net income	$	0.55		$	0.54

AVERAGE SHARES OUTSTANDING:
Basic		269.7			277.4
Diluted		271.7			279.7

Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)



	Six Months Ended June 30,
							YOY
	2015			2014			% Change

Net sales	$	2,824.9		$	2,716.5		4.0	%
Cost of products sold		1,716.4			1,663.9

GROSS MARGIN		1,108.5			1,052.6		5.3	%
% of sales		39.2	%		38.7	%


Selling, general & administrative expenses		755.0			711.1		6.2	%
% of sales		26.7	%		26.2	%

Restructuring costs		40.6			23.5

OPERATING INCOME		312.9			318.0		(1.6	)%
% of sales		11.1	%		11.7	%

Nonoperating expenses:
Interest expense, net		37.3			29.4
Other expense, net		5.1			37.4
		42.4			66.8		(36.5	)%

INCOME BEFORE INCOME TAXES		270.5			251.2		7.7	%
% of sales		9.6	%		9.2	%

Income taxes		65.5			50.4		30.0	%
Effective rate		24.2	%		20.1	%

NET INCOME FROM CONTINUING OPERATIONS		205.0			200.8		2.1	%
% of sales		7.3	%		7.4	%

(Loss) income from discontinued operations, net of tax		(2.4	)		2.7

NET INCOME	$	202.6		$	203.5		(0.4	)%
		7.2	%		7.5	%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$	0.76		$	0.72
(Loss) income from discontinued operations	$	(0.01	)	$	0.01
Net income	$	0.75		$	0.73

Diluted
Income from continuing operations	$	0.75		$	0.71
(Loss) income from discontinued operations	$	(0.01	)	$	0.01
Net income	$	0.74		$	0.72

AVERAGE SHARES OUTSTANDING:
Basic		270.1			279.1
Diluted		272.2			281.7

Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in millions)

	June 30,		June 30,
Assets:	2015		2014

Cash and cash equivalents	$	238.7	$	142.7
Accounts receivable, net		1,304.4		1,230.4
Inventories, net		935.6		811.8
Deferred income taxes		129.4		135.5
Prepaid expenses and other		144.9		138.2

Total Current Assets		2,753.0		2,458.6

Property, plant and equipment, net		572.0		543.0
Goodwill		2,491.9		2,358.3
Other intangible assets, net		870.6		596.7
Other assets		271.3		261.5

Total Assets	$	6,958.8	$	6,218.1

Liabilities and Stockholders' Equity:

Accounts payable	$	756.7	$	592.9
Accrued compensation		132.3		121.8
Other accrued liabilities		634.9		631.0
Short-term debt		776.6		389.4
Current portion of long-term debt		6.0		251.3

Total Current Liabilities		2,306.5		1,986.4

Long-term debt		2,080.9		1,424.2
Deferred income taxes		235.3		159.4
Other noncurrent liabilities		553.0		544.5

Stockholders' Equity - Parent		1,779.6		2,100.1
Stockholders' Equity - Noncontrolling Interests		3.5		3.5

Total Stockholders' Equity		1,783.1		2,103.6

Total Liabilities and Stockholders' Equity	$	6,958.8	$	6,218.1

Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(in millions)

	Six Months Ended June 30,
	2015			2014
Operating Activities:
Net income	$	202.6		$	203.5
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization		85.5			75.7
Net gain from sale of discontinued operations, including impairments		-			(4.8	)
Non-cash restructuring costs		(0.5	)		3.7
Deferred income taxes		11.5			6.0
Stock-based compensation expense		14.1			14.5
Other, net		15.4			50.8
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable		(77.4	)		(122.4	)
Inventories		(245.9	)		(123.2	)
Accounts payable		91.6			33.2
Accrued liabilities and other		(148.7	)		(132.9	)
Net cash (used in) provided by operating activities	$	(51.8	)	$	4.1

Investing Activities:
Proceeds from sale of discontinued operations and noncurrent assets	$	5.1		$	3.4
Capital expenditures		(85.8	)		(67.0	)
Acquisitions and acquisition-related activity		(2.0	)		-
Other		5.7			(0.3	)
Net cash used in investing activities	$	(77.0	)	$	(63.9	)

Financing Activities:
Net short-term borrowings	$	386.0		$	215.4
Repurchase and retirement of shares of common stock		(124.0	)		(158.7	)
Cash dividends		(104.4	)		(89.8	)
Excess tax benefits related to stock-based compensation		17.5			6.8
Other stock-based compensation activity, net		(12.5	)		29.6
Net cash provided by financing activities	$	162.6		$	3.3

Currency rate effect on cash and cash equivalents	$	5.5		$	(27.1	)

Increase (decrease) in cash and cash equivalents	$	39.3		$	(83.6	)
Cash and cash equivalents at beginning of period		199.4			226.3
Cash and cash equivalents at end of period	$	238.7		$	142.7

Newell Rubbermaid Inc.
Financial Worksheet- Segment Reporting
(In Millions)

	2015												2014
			Reconciliation (1,2,3,4)												Reconciliation (1,2)										Year-over-year changes
			Reported			Excluded		Normalized			Operating				Reported			Excluded		Normalized			Operating		Net Sales					Normalized OI
	Net Sales		OI			Items		OI			Margin		Net Sales		OI			Items		OI			Margin		$			%		$			%
Q1:
Writing	$	341.8	$	82.4		$	0.6	$	83.0		24.3	%	$	348.2	$	76.1		$	-	$	76.1		21.9	%	$	(6.4	)	(1.8	)%	$	6.9		9.1	%
Home Solutions		364.5		38.5			0.1		38.6		10.6	%		316.4		26.8			-		26.8		8.5	%		48.1		15.2	%		11.8		44.0	%
Tools		180.4		22.2			-		22.2		12.3	%		187.8		21.4			-		21.4		11.4	%		(7.4	)	(3.9	)%		0.8		3.7	%
Commercial Products		185.2		17.0			0.6		17.6		9.5	%		182.6		13.8			-		13.8		7.6	%		2.6		1.4	%		3.8		27.5	%
Baby & Parenting		192.1		0.5			11.8		12.3		6.4	%		179.3		5.4			11.0		16.4		9.1	%		12.8		7.1	%		(4.1	)	(25.0	)%
Restructuring Costs		-		(27.3	)		27.3		-					-		(12.0	)		12.0		-					-					-
Corporate		-		(35.1	)		14.0		(21.1	)				-		(26.8	)		7.7		(19.1	)				-					(2.0	)	(10.5	)%
Total	$	1,264.0	$	98.2		$	54.4	$	152.6		12.1	%	$	1,214.3	$	104.7		$	30.7	$	135.4		11.2	%	$	49.7		4.1	%	$	17.2		12.7	%


	2015												2014
			Reconciliation (1,2,3,4)												Reconciliation (1,2,3)										Year-over-year changes
			Reported			Excluded		Normalized			Operating				Reported			Excluded		Normalized			Operating		Net Sales					Normalized OI
	Net Sales		OI			Items		OI			Margin		Net Sales		OI			Items		OI			Margin		$			%		$			%
Q2:
Writing	$	495.9	$	132.5		$	0.5	$	133.0		26.8	%	$	489.3	$	129.1		$	4.0	$	133.1		27.2	%	$	6.6		1.3	%	$	(0.1	)	(0.1	)%
Home Solutions		438.5		68.7			1.2		69.9		15.9	%		383.4		48.7			-		48.7		12.7	%		55.1		14.4	%		21.2		43.5	%
Tools		205.2		23.4			-		23.4		11.4	%		222.3		29.9			-		29.9		13.5	%		(17.1	)	(7.7	)%		(6.5	)	(21.7	)%
Commercial Products		210.6		28.9			0.1		29.0		13.8	%		223.5		36.2			-		36.2		16.2	%		(12.9	)	(5.8	)%		(7.2	)	(19.9	)%
Baby & Parenting		210.7		16.7			0.1		16.8		8.0	%		183.7		12.2			0.4		12.6		6.9	%		27.0		14.7	%		4.2		33.3	%
Restructuring Costs		-		(13.3	)		13.3		-					-		(11.5	)		11.5		-					-					-
Corporate		-		(42.2	)		19.5		(22.7	)				-		(31.3	)		10.5		(20.8	)				-					(1.9	)	(9.1	)%
Total	$	1,560.9	$	214.7		$	34.7	$	249.4		16.0	%	$	1,502.2	$	213.3		$	26.4	$	239.7		16.0	%	$	58.7		3.9	%	$	9.7		4.0	%


	2015												2014
			Reconciliation (1,2,3,4)												Reconciliation (1,2,3)										Year-over-year changes
			Reported			Excluded		Normalized			Operating				Reported			Excluded		Normalized			Operating		Net Sales					Normalized OI
	Net Sales		OI			Items		OI			Margin		Net Sales		OI			Items		OI			Margin		$			%		$			%
YTD:
Writing	$	837.7	$	214.9		$	1.1	$	216.0		25.8	%	$	837.5	$	205.2		$	4.0	$	209.2		25.0	%	$	0.2		0.0	%	$	6.8		3.3	%
Home Solutions		803.0		107.2			1.3		108.5		13.5	%		699.8		75.5			-		75.5		10.8	%		103.2		14.7	%		33.0		43.7	%
Tools		385.6		45.6			0.0		45.6		11.8	%		410.1		51.3			-		51.3		12.5	%		(24.5	)	(6.0	)%		(5.7	)	(11.1	)%
Commercial Products		395.8		45.9			0.7		46.6		11.8	%		406.1		50.0			-		50.0		12.3	%		(10.3	)	(2.5	)%		(3.4	)	(6.8	)%
Baby & Parenting		402.8		17.2			11.9		29.1		7.2	%		363.0		17.6			11.4		29.0		8.0	%		39.8		11.0	%		0.1		0.3	%
Restructuring Costs		-		(40.6	)		40.6		-					-		(23.5	)		23.5		-					-					-
Corporate		-		(77.3	)		33.5		(43.8	)				-		(58.1	)		18.2		(39.9	)				-					(3.9	)	(9.8	)%
Total	$	2,824.9	$	312.9		$	89.1	$	402.0		14.2	%	$	2,716.5	$	318.0		$	57.1	$	375.1		13.8	%	$	108.4		4.0	%	$	26.9		7.2	%

(1) Excluded items include project-related costs and restructuring costs associated with Project Renewal. Project-related costs of $34.9 million and $38.8 million of restructuring costs incurred during 2015 relate to Project Renewal. For 2014, project-related costs of $18.2 million and restructuring costs of $23.5 million relate to Project Renewal.

(2) Baby & Parenting normalized operating income for 2015 and 2014 excludes charges of $10.2 and $11.4 million, respectively, relating to the Graco product recall.

(3) Writing normalized operating income for 2015 and 2014 excludes charges of $0.6 and $4.0 million, respectively associated with Venezuelan inventory resulting from changes in the exchange rate for the Venezuelan Bolivar.

(4) Home Solutions normalized operating income for 2015 excludes $1.1 million of operating costs associated with the acquisition and integration of Ignite Holdings and bubba brands, and Baby & Parenting normalized operating income for 2015 excludes $1.7 million of operating costs associated with the acquisition and integration of Baby Jogger. Restructuring costs include $1.8 million of costs associated with the integration of Ignite Holdings, bubba brands and Baby Jogger.

Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Three Months Ended June 30, 2015
	GAAP Measure		Project Renewal Costs (1)												Inventory charge from			Acquisition			Charge resulting from						Non-GAAP Measure
			Advisory			Personnel			Other			Restructuring			the devaluation of the			and integration			the devaluation of the			Discontinued					Percentage
	Reported		Costs			Costs			Costs			Costs			Venezuelan Bolivar (2)			costs (3)			Venezuelan Bolivar (4)			operations (5)			Normalized*		of Sales

Cost of products sold	$	939.9	$	-		$	(1.6	)	$	(1.3	)	$	-		$	(0.3	)	$	(0.1	)	$	-		$	-		$	936.6	60.0	%

Gross margin	$	621.0	$	-		$	1.6		$	1.3		$	-		$	0.3		$	0.1		$	-		$	-		$	624.3	40.0	%

Selling, general & administrative expenses	$	393.0	$	(11.4	)	$	(4.4	)	$	(1.3	)	$	-		$	-		$	(1.0	)	$	-		$	-		$	374.9	24.0	%

Operating income	$	214.7	$	11.4		$	6.0		$	2.6		$	11.5		$	0.3		$	2.9		$	-		$	-		$	249.4	16.0	%

Nonoperating expenses	$	23.1	$	-		$	-		$	-		$	-		$	-		$	-		$	(4.7	)	$	-		$	18.4

Income before income taxes	$	191.6	$	11.4		$	6.0		$	2.6		$	11.5		$	0.3		$	2.9		$	4.7		$	-		$	231.0

Income taxes (6)	$	43.5	$	4.3		$	2.3		$	0.9		$	2.8		$	0.1		$	1.1		$	1.5		$	-		$	56.5

Net income from continuing operations	$	148.1	$	7.1		$	3.7		$	1.7		$	8.7		$	0.2		$	1.8		$	3.2		$	-		$	174.5

Net income	$	148.5	$	7.1		$	3.7		$	1.7		$	8.7		$	0.2		$	1.8		$	3.2		$	(0.4	)	$	174.5

Diluted earnings per share**	$	0.55	$	0.03		$	0.01		$	0.01		$	0.03		$	0.00		$	0.01		$	0.01		$	(0.00	)	$	0.64


	Three Months Ended June 30, 2014
	GAAP Measure					Restructuring and			Inventory charge									Non-GAAP Measure
			Product			restructuring-related			from the devaluation of the			Discontinued			Non-recurring						Percentage
	Reported		recall costs (7)			costs (1)			Venezuelan Bolivar (2)			operations (5)			tax items (8)			Normalized*			of Sales

Cost of products sold	$	906.6	$	-		$	(0.2	)	$	(4.0	)	$	-		$	-		$	902.4			60.1	%

Gross margin	$	595.6	$	-		$	0.2		$	4.0		$	-		$	-		$	599.8			39.9	%

Selling, general & administrative expenses	$	370.8	$	(0.4	)	$	(10.3	)	$	-		$	-		$	-		$	360.1			24.0	%

Operating income	$	213.3	$	0.4		$	22.0		$	4.0		$	-		$	-		$	239.7			16.0	%

Income before income taxes	$	200.9	$	0.4		$	22.0		$	4.0		$	-		$	-		$	227.3

Income taxes (6)	$	51.9	$	0.2		$	5.0		$	1.4		$	-		$	3.3		$	61.8

Net income from continuing operations	$	149.0	$	0.2		$	17.0		$	2.6		$	-		$	(3.3	)	$	165.5

Net income	$	150.6	$	0.2		$	17.0		$	2.6		$	(1.6	)	$	(3.3	)	$	165.5

Diluted earnings per share**	$	0.54	$	0.00		$	0.06		$	0.01		$	(0.01	)	$	(0.01	)	$	0.59

* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.

**Totals may not add due to rounding.

(1) Costs associated with Project Renewal during the three months ended June 30, 2015 include $20.0 million of project-related costs and $11.5 million of restructuring costs. Project-related costs include advisory and consultancy costs, compensation and related costs of personnel dedicated to transformation projects, and other project-related costs. Restructuring and restructuring-related costs during the three months ended June 30, 2014 include $10.5 million of organizational change implementation and restructuring-related costs and $11.5 million of restructuring costs incurred in connection with Project Renewal.

(2) During the three months ended June 30, 2015 and 2014, the Company recognized an increase of $0.3 million and $4.0 million, respectively, in cost of products sold resulting from increased costs of inventory due to changes in the exchange rate for the Venezuelan Bolivar.

(3) During the three months ended June 30, 2015, the Company incurred $2.9 million (including $1.8 million of restructuring costs) of acquisition and integration costs associated with the acquisitions of Ignite Holdings, bubba brands and Baby Jogger.

(4) During the three months ended June 30, 2015, the Company recognized $4.7 million related to foreign exchange losses resulting from the devaluation of the Venezuelan Bolivar.

(5) During the three months ended June 30, 2015, the Company recognized income of $0.4 million in discontinued operations, primarily associated with Endicia. During the three months ended June 30, 2014, the Company recognized income of $1.6 million, primarily related to the operations of Endicia and certain Culinary businesses and certain gains associated with the sale of the Hardware business.

(6) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected. In certain situations in which an item excluded from normalized results impacts income tax expense, the Company uses a “with” and “without” approach to determine normalized income tax expense.

(7) During the three months ended June 30, 2014, the Company recognized a $0.4 million charge associated with the Graco product recall.

(8) During the three months ended June 30, 2014, the Company recognized a non-recurring income tax benefit of $3.3 million resulting from the resolution of various income tax contingencies.

Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Six Months Ended June 30, 2015
	GAAP Measure					Project Renewal Costs (2)												Inventory charge from			Acquisition			Charge resulting from					Non-GAAP Measure
			Product			Advisory			Personnel			Other			Restructuring			the devaluation of the			and integration			the devaluation of the			Discontinued				Percentage
	Reported		recall costs (1)			Costs			Costs			Costs			Costs			Venezuelan Bolivar (3)			cost (4)			Venezuelan Bolivar (5)			operations (6)		Normalized*		of Sales

Cost of products sold	$	1,716.4	$	-		$	-		$	(1.8	)	$	(2.3	)	$	-		$	(0.6	)	$	(1.6	)	$	-		$	-	$	1,710.1	60.5	%

Gross margin	$	1,108.5	$	-		$	-		$	1.8		$	2.3		$	-		$	0.6		$	1.6		$	-		$	-	$	1,114.8	39.5	%

Selling, general & administrative expenses	$	755.0	$	(10.2	)	$	(22.0	)	$	(6.7	)	$	(2.1	)	$	-		$	-		$	(1.2	)	$	-		$	-	$	712.8	25.2	%

Operating income	$	312.9	$	10.2		$	22.0		$	8.5		$	4.4		$	38.8		$	0.6		$	4.6		$	-		$	-	$	402.0	14.2	%

Nonoperating expenses	$	42.4	$	-		$	-		$	-		$	-		$	-		$	-		$	-		$	(4.7	)	$	-	$	37.7

Income before income taxes	$	270.5	$	10.2		$	22.0		$	8.5		$	4.4		$	38.8		$	0.6		$	4.6		$	4.7		$	-	$	364.3

Income taxes (7)	$	65.5	$	3.3		$	7.7		$	3.1		$	1.5		$	8.3		$	0.2		$	1.7		$	1.5		$	-	$	92.8

Net income from continuing operations	$	205.0	$	6.9		$	14.3		$	5.4		$	2.9		$	30.5		$	0.4		$	2.9		$	3.2		$	-	$	271.5

Net income	$	202.6	$	6.9		$	14.30		$	5.40		$	2.90		$	30.50		$	0.40		$	2.90		$	3.2		$	2.4	$	271.5

Diluted earnings per share**	$	0.74	$	0.03		$	0.05		$	0.02		$	0.01		$	0.11		$	0.00		$	0.01		$	0.01		$	0.01	$	1.00


	Six Months Ended June 30, 2014
	GAAP Measure					Restructuring and			Inventory charge			Charge resulting from									Non-GAAP Measure
			Product			restructuring-related			from the devaluation of the			the devaluation of the			Discontinued			Non-recurring						Percentage
	Reported		recall costs (1)			costs (2)			Venezuelan Bolivar (3)			Venezuelan Bolivar (5)			operations (6)			tax items (8)			Normalized*			of Sales

Cost of products sold	$	1,663.9	$	(8.6	)	$	(0.2	)	$	(4.0	)	$	-		$	-		$	-		$	1,651.1			60.8	%

Gross margin	$	1,052.6	$	8.6		$	0.2		$	4.0		$	-		$	-		$	-		$	1,065.4			39.2	%

Selling, general & administrative expenses	$	711.1	$	(2.8	)	$	(18.0	)	$	-		$	-		$	-		$	-		$	690.3			25.4	%

Operating income	$	318.0	$	11.4		$	41.7		$	4.0		$	-		$	-		$	-		$	375.1			13.8	%

Nonoperating expenses	$	66.8	$	-		$	-		$	-		$	(38.7	)	$	-		$	-		$	28.1

Income before income taxes	$	251.2	$	11.4		$	41.7		$	4.0		$	38.7		$	-		$	-		$	347.0

Income taxes (7)	$	50.4	$	4.2		$	10.5		$	1.4		$	13.9		$	-		$	3.3		$	83.7

Net income from continuing operations	$	200.8	$	7.2		$	31.2		$	2.6		$	24.8		$	-		$	(3.3	)	$	263.3

Net income	$	203.5	$	7.2		$	31.2		$	2.6		$	24.8		$	(2.7	)	$	(3.3	)	$	263.3

Diluted earnings per share**	$	0.72	$	0.03		$	0.11		$	0.01		$	0.09		$	(0.01	)	$	(0.01	)	$	0.93

* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.

**Totals may not add due to rounding.

(1) During the six months ended June 30, 2015 and 2014, the Company recognized $10.2 million and $11.4 million, respectively, of charges associated with the Graco product recall.

(2) Costs associated with Project Renewal during the six months ended June 30, 2015 include $34.9 million of project-related costs and $38.8 million of restructuring costs. Project-related costs include advisory and consultancy costs, compensation and related costs of personnel dedicated to transformation projects, and other project-related costs. Restructuring and restructuring-related costs during the six months ended June 30, 2014 include $18.2 million of organizational change implementation and restructuring-related costs and $23.5 million of restructuring costs incurred in connection with Project Renewal.

(3) During the six months ended June 30, 2015 and 2014, the Company recognized an increase of $0.6 million and $4.0 million, respectively, in cost of products sold resulting from increased costs of inventory due to changes in the exchange rate for the Venezuelan Bolivar.

(4) During the six months ended June 30, 2015, the Company incurred $4.6 million (including $1.8 million of restructuring costs) of acquisition and integration costs associated with the acquisition and integration of Ignite Holdings, bubba and Baby Jogger.

(5) During the six months ended June 30, 2015 and 2014, the Company recognized $4.7 million and $38.7 million, respectively, related to foreign exchange losses resulting from the devaluation of the Venezuelan Bolivar.

(6) During the six months ended June 30, 2015, the Company recognized a loss of $2.4 million in discontinued operations, primarily associated with Endicia and certain Culinary businesses. During the six months ended June 30, 2014, the Company recognized net income of $2.7 million, primarily related to the operations of Endicia and certain Culinary businesses and certain gains associated with the sale of the Hardware business.

(7) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected. In certain situations in which an item excluded from normalized results impacts income tax expense, the Company uses a “with” and “without” approach to determine normalized income tax expense.

(8) During the six months ended June 30, 2014, the Company recognized a non-recurring income tax benefit of $3.3 million resulting from the resolution of various income tax contingencies.

Newell Rubbermaid Inc.
Three Months Ended June 30, 2015
In Millions

Currency Analysis


By Segment

	Net Sales,							Core
	As Reported							Sales (1)																							Year-Over-Year
										Less								Less				Constant			Inc. (Dec.) Excl.						Increase (Decrease)
					Increase					Planned		Less		2015				Planned		2014		Currency			Planned Divest. &			Currency			Excluding		Including		Currency				Planned		Core Sales
	2015		2014		(Decrease)			2015		Divestitures (2)		Acquisitions		Core Sales		2014		Divestitures (2)		Core Sales		Inc. (Dec.)			Acquisitions			Impact			Currency		Currency		Impact		Acquisitions		Divestitures (2)		Growth (1)

Writing	$	495.9	$	489.3	$	6.6		$	540.4	$	-	$	-	$	540.4	$	487.6	$	-	$	487.6	$	52.8		$	52.8		$	(46.2	)	10.8	%	1.3	%	(9.5	)%	0.0	%	(0.0	)%	10.8	%
Home Solutions		438.5		383.4		55.1			443.3		-		55.4		387.9		383.2		-		383.2		60.1			4.7			(5.0	)	15.7	%	14.4	%	(1.3	)%	14.5	%	0.0	%	1.2	%
Tools		205.2		222.3		(17.1	)		222.4		-		-		222.4		219.5		-		219.5		2.9			2.9			(20.0	)	1.3	%	(7.7	)%	(9.0	)%	0.0	%	(0.0	)%	1.3	%
Commercial Products		210.6		223.5		(12.9	)		216.5		12.9		-		203.6		222.6		22.3		200.3		(6.1	)		3.3			(6.8	)	(2.7	)%	(5.8	)%	(3.1	)%	0.0	%	(4.3	)%	1.6	%
Baby & Parenting		210.7		183.7		27.0			220.0		-		26.7		193.3		182.4		-		182.4		37.6			10.9			(10.6	)	20.6	%	14.7	%	(5.9	)%	14.6	%	(0.0	)%	6.0	%

Total Company	$	1,560.9	$	1,502.2	$	58.7		$	1,642.6	$	12.9	$	82.1	$	1,547.6	$	1,495.3	$	22.3	$	1,473.0	$	147.3		$	74.6		$	(88.6	)	9.9	%	3.9	%	(6.0	)%	5.6	%	(0.8	)%	5.1	%

Win Bigger Businesses Core Sales Growth (3)	$	911.7	$	935.1	$	(23.4	)	$	979.3	$	12.9	$	-	$	966.4	$	929.7	$	22.3	$	907.4	$	49.6		$	59.0		$	(73.0	)	5.3	%	(2.5	)%	(7.8	)%	0.0	%	(1.2	)%	6.5	%

By Geography

United States	$	1,117.5	$	1,036.1	$	81.4		$	1,117.5	$	12.1	$	74.2	$	1,031.2	$	1,036.1	$	21.8	$	1,014.3	$	81.4		$	16.9		$	-		7.9	%	7.9	%	0.0	%	7.3	%	(1.1	)%	1.7	%
Canada		68.4		76.9		(8.5	)		76.8		0.8		1.1		74.9		76.6		0.5		76.1		0.2			(1.2	)		(8.7	)	0.3	%	(11.1	)%	(11.4	)%	1.5	%	0.4	%	(1.6	)%
Total North America		1,185.9		1,113.0		72.9			1,194.3		12.9		75.3		1,106.1		1,112.7		22.3		1,090.4		81.6			15.7			(8.7	)	7.3	%	6.5	%	(0.8	)%	6.9	%	(1.0	)%	1.4	%

Europe, Middle East and Africa		167.0		188.4		(21.4	)		202.0		-		6.8		195.2		183.3		-		183.3		18.7			11.9			(40.1	)	10.2	%	(11.4	)%	(21.6	)%	3.7	%	(0.0	)%	6.5	%
Latin America		114.6		102.8		11.8			144.0		-		-		144.0		102.7		-		102.7		41.3			41.3			(29.5	)	40.2	%	11.5	%	(28.7	)%	0.0	%	(0.0	)%	40.2	%
Asia Pacific		93.4		98.0		(4.6	)		102.3		-		-		102.3		96.6		-		96.6		5.7			5.7			(10.3	)	5.9	%	(4.7	)%	(10.6	)%	0.0	%	(0.0	)%	5.9	%
Total International		375.0		389.2		(14.2	)		448.3		-		6.8		441.5		382.6		-		382.6		65.7			58.9			(79.9	)	17.2	%	(3.6	)%	(20.8	)%	1.8	%	0.0	%	15.4	%

Total Company	$	1,560.9	$	1,502.2	$	58.7		$	1,642.6	$	12.9	$	82.1	$	1,547.6	$	1,495.3	$	22.3	$	1,473.0	$	147.3		$	74.6		$	(88.6	)	9.9	%	3.9	%	(6.0	)%	5.6	%	(0.8	)%	5.1	%

(1) "Core Sales" is determined by applying a fixed exchange rate, calculated as the 12-month average in 2014, to the current and prior year local currency sales amounts, with the difference between the change in "As Reported" sales and the change in "Core Sales" reported in the table as "Currency Impact". Core Sales Growth excludes the impact of currency, acquisitions and planned divestitures.

(2) Planned divestitures represent the Rubbermaid medical cart business, which the Company plans to divest.

(3) Win Bigger businesses include Writing, Tools, and Commercial Products segments.

Newell Rubbermaid Inc.
Six Months Ended June 30, 2015
In Millions

Currency Analysis


By Segment

	Net Sales,							Core
	As Reported							Sales (1)																							Year-Over-Year
										Less								Less				Constant			Inc. (Dec.) Excl.						Increase (Decrease)
					Increase					Planned		Less		2015				Planned		2014		Currency			Planned Divest. &			Currency			Excluding		Including		Currency				Planned		Core Sales
	2015		2014		(Decrease)			2015		Divestitures (2)		Acquisitions		Core Sales		2014		Divestitures (2)		Core Sales		Inc. (Dec.)			Acquisitions			Impact			Currency		Currency		Impact		Acquisitions		Divestitures (2)		Growth (1)

Writing	$	837.7	$	837.5	$	0.2		$	909.8	$	-	$	-	$	909.8	$	826.6	$	-	$	826.6	$	83.2		$	83.2		$	(83.0	)	10.1	%	0.0	%	(10.1	)%	0.0	%	0.0	%	10.1	%
Home Solutions		803.0		699.8		103.2			810.9		-		103.8		707.1		699.5		-		699.5		111.4			7.6			(8.2	)	15.9	%	14.7	%	(1.2	)%	14.8	%	(0.0	)%	1.1	%
Tools		385.6		410.1		(24.5	)		415.2		-		-		415.2		406.3		-		406.3		8.9			8.9			(33.4	)	2.2	%	(6.0	)%	(8.2	)%	0.0	%	0.0	%	2.2	%
Commercial Products		395.8		406.1		(10.3	)		406.0		22.7		-		383.3		404.1		38.9		365.2		1.9			18.1			(12.2	)	0.5	%	(2.5	)%	(3.0	)%	0.0	%	(4.5	)%	5.0	%
Baby & Parenting		402.8		363.0		39.8			417.5		-		44.9		372.6		360.3		-		360.3		57.2			12.3			(17.4	)	15.9	%	11.0	%	(4.9	)%	12.5	%	0.0	%	3.4	%

Total Company	$	2,824.9	$	2,716.5	$	108.4		$	2,959.4	$	22.7	$	148.7	$	2,788.0	$	2,696.8	$	38.9	$	2,657.9	$	262.6		$	130.1		$	(154.2	)	9.7	%	4.0	%	(5.7	)%	5.6	%	(0.8	)%	4.9	%

Win Bigger Businesses Core Sales Growth (3)	$	1,619.1	$	1,653.7	$	(34.6	)	$	1,731.0	$	22.7	$	-	$	1,708.3	$	1,637.0	$	38.9	$	1,598.1	$	94.0		$	110.2		$	(128.6	)	5.7	%	(2.1	)%	(7.8	)%	0.0	%	(1.2	)%	6.9	%

By Geography

United States	$	2,034.7	$	1,849.8	$	184.9		$	2,034.7	$	21.5	$	140.8	$	1,872.4	$	1,849.8	$	37.5	$	1,812.3	$	184.9		$	60.1		$	-		10.0	%	10.0	%	0.0	%	7.8	%	(1.1	)%	3.3	%
Canada		114.6		129.9		(15.3	)		128.4		1.2		1.1		126.1		129.4		1.4		128.0		(1.0	)		(1.9	)		(14.3	)	(0.8	)%	(11.8	)%	(11.0	)%	0.9	%	(0.2	)%	(1.5	)%
Total North America		2,149.3		1,979.7		169.6			2,163.1		22.7		141.9		1,998.5		1,979.2		38.9		1,940.3		183.9			58.2			(14.3	)	9.3	%	8.6	%	(0.7	)%	7.3	%	(1.0	)%	3.0	%

Europe, Middle East and Africa		294.6		352.2		(57.6	)		352.5		-		6.8		345.7		342.1		-		342.1		10.4			3.6			(68.0	)	3.0	%	(16.4	)%	(19.4	)%	1.9	%	(0.0	)%	1.1	%
Latin America		204.0		194.8		9.2			250.8		-		-		250.8		187.8		-		187.8		63.0			63.0			(53.8	)	33.5	%	4.7	%	(28.8	)%	0.0	%	(0.0	)%	33.5	%
Asia Pacific		177.0		189.8		(12.8	)		193.0		-		-		193.0		187.7		-		187.7		5.3			5.3			(18.1	)	2.8	%	(6.7	)%	(9.5	)%	0.0	%	(0.0	)%	2.8	%
Total International		675.6		736.8		(61.2	)		796.3		-		6.8		789.5		717.6		-		717.6		78.7			71.9			(139.9	)	11.0	%	(8.3	)%	(19.3	)%	1.0	%	0.0	%	10.0	%

Total Company	$	2,824.9	$	2,716.5	$	108.4		$	2,959.4	$	22.7	$	148.7	$	2,788.0	$	2,696.8	$	38.9	$	2,657.9	$	262.6		$	130.1		$	(154.2	)	9.7	%	4.0	%	(5.7	)%	5.6	%	(0.8	)%	4.9	%

(2) Planned divestitures represent the Rubbermaid medical cart business, which the Company plans to divest.

(3) Win Bigger businesses include Writing, Tools, and Commercial Products segments.

Newell Rubbermaid Inc.
Reconciliation of Normalized EPS Guidance
Year Ending December 31, 2015

	Year Ending
	December 31, 2015
Diluted earnings per share	$	1.69		to		$	1.75
Graco product recall				$	0.03
Restructuring and other Project Renewal costs	$	0.35		to		$	0.45
Acquisition and integration costs				$	0.01
Devaluation of the Venezuelan Bolivar				$	0.01
Discontinued operations	$	(0.01	)	to		$	0.01
Normalized earnings per share	$	2.14		to		$	2.20

View source version on businesswire.com: http://www.businesswire.com/news/home/20150731005065/en/

Newell Rubbermaidoperating income
Contact:
Newell Rubbermaid
Nancy O’Donnell, 770-418-7723
Vice President, Investor Relations
or
Nicole Quinlan, 770-418-7251
Senior Manager, Global Communication

[Dr_of_Microcaps] Newell Rubbermaid Announces Strong First Quarter Results ...

Dr_of_Microcaps — 5/1/2015 8:39:42 AM

Newell Rubbermaid Announces Strong First Quarter Results

Newell Rubbermaid 39 minutes ago GlobeNewswire

4.7% Core Sales Growth and Normalized EPS of $0.36

4.1% Net Sales Growth and Reported EPS of $0.20

Affirms 2015 Full Year Guidance

Expands Project Renewal to Capture Incremental $150 Million Savings by 2017First Quarter Executive Summary

4.7 percent core sales growth, excluding foreign currency and the net impact of acquisitions and planned divestitures; 4.1 percent net sales growth including a 490 basis point net contribution from acquisitions and planned divestitures

38.8 percent normalized gross margin, a 50 basis point improvement compared to the prior year; 38.6 percent reported gross margin, a 100 basis point improvement compared to the prior year

12.1 percent normalized operating margin, a 90 basis point improvement compared to the prior year; 7.8 percent reported operating margin, an 80 basis point decline compared to prior year attributable to increased restructuring costs

$0.36 normalized EPS compared to $0.34 in the prior year, a 5.9 percent increase despite an $0.08 negative impact from foreign exchange and a comparison with the prior year which included $0.04 in discrete tax rate benefits; $0.20 reported EPS compared to $0.19 in the prior year, a 5.3 percent increase

Repurchased 1.9 million shares at a cost of $73.6 million

Expanded Project Renewal by an incremental $150 million to capture an incremental $150 million in annualized overhead savings by the end of 2017; cumulative annualized savings over total Project Renewal now anticipated at $620 to $675 million

Announced intention to divest Rubbermaid medical cart business (solutions for optimization of nurse work flow in hospitals)

ATLANTA, May 1, 2015 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) announced its first quarter 2015 financial results today.

"We've had a strong start to the year with first quarter core sales growth of 4.7 percent and normalized earnings per share growth of 5.9 percent," said Michael Polk, President and Chief Executive Officer. "Our Win Bigger businesses of Writing, Commercial Products and Tools grew over seven percent as a result of strong innovation, increased advertising investment and great sales execution. All five global business segments grew core sales, including North American core sales growth of five percent and net sales growth of over eleven percent, our best result in many years.

"The Growth Game Plan is accelerating," continued Polk. "We are creating advantaged brand development and innovation capabilities backed with category leading marketing investment that is transforming Newell Rubbermaid into a growth leader in our industry. These investments have been enabled by our drive to make Newell leaner and more efficient and when coupled with actions to strengthen our portfolio are yielding both growth acceleration and margin expansion. There is more opportunity ahead. Today we announced a new commitment to deliver incremental annualized overhead savings of $150 million by the end of 2017. A significant portion of these incremental savings will be invested back into the business for further growth acceleration with the balance flowing through to earnings. That is the Growth Game Plan into action."

First Quarter 2015 Operating Results

Net sales in the first quarter were $1.26 billion compared with $1.21 billion in the prior year. Core sales grew 4.7 percent, excluding a 490 basis point net contribution from acquisitions and planned divestitures and a 550 basis point negative impact from foreign currency.

Reported gross margin was 38.6 percent, a 100 basis point improvement versus prior year.

Normalized gross margin was 38.8 percent, a 50 basis point improvement versus prior year, as benefits from productivity, commodity deflation and pricing more than offset the negative impacts of foreign currency and mix from acquisitions.

First quarter reported operating margin was 7.8 percent and operating income was $98.2 million, compared with 8.6 percent and $104.7 million, respectively, in the prior year.

Normalized operating margin of 12.1 percent was a 90 basis point improvement compared with the prior year, despite a 50 basis point increase in advertising and promotion. Normalized operating income was $152.6 million compared with $135.4 million in the prior year.

The reported tax rate for the quarter was 27.9 percent compared with a 3.0 percent benefit in the prior year. The normalized tax rate was 27.2 percent compared with 18.3 percent in the prior year.

Normalized net income was $97.0 million, compared with $97.8 million in the prior year. Normalized diluted earnings per share were $0.36, an increase of 5.9 percent versus $0.34 in the prior year. The improvement in normalized diluted earnings per share was attributable to increased core sales, gross margin expansion, contribution from acquisitions and the positive impact of fewer outstanding shares, which more than offset a significant increase in advertising and promotion support, negative foreign currency impacts, a higher tax rate and increased interest expense related to borrowing in support of last year's acquisitions.

Reported diluted earnings per share were $0.20, compared with $0.19 per diluted share in the prior year. Reported net income was $54.1 million, compared with $52.9 million in the prior year. In addition to the factors cited in the explanation of normalized diluted earnings per share, reported diluted earnings per share were negatively impacted by higher incremental restructuring and other project costs of $22.5 million in 2015, and favorably impacted by the absence of a 2014 $38.7 million charge associated with the devaluation of the Venezuelan bolivar.

Operating cash flow was a use of $154.3 million compared with a use of $92.1 million in the prior year period, as the company made a voluntary $70.0 million contribution to its U.S. pension plan during the first quarter of 2015.

A reconciliation of the "as reported" results to "normalized" results is included in the appendix.

First Quarter 2015 Operating Segment Results

Writing net sales for the first quarter were $341.8 million, a 1.8 percent decline compared to prior year, driven by a negative foreign currency impact of 10.8 percent. Writing core sales increased 9.0 percent, reflecting very strong growth in North America and Latin America attributable to increased advertising and promotion support, excellent innovation and pricing. Normalized operating income was $83.0 million compared with $76.1 million in the prior year. Normalized operating margin was 24.3 percent compared with 21.9 percent in the prior year as a result of pricing, strong productivity and disciplined cost management which more than offset significant negative foreign currency impacts and increased advertising and promotion spending.

Home Solutions net sales were $364.5 million, a 15.2 percent increase compared to the prior year. Core sales increased 0.9 percent, attributable to strong growth in Rubbermaid Food Storage and Decor, partially offset by continued contraction of the lower margin Rubbermaid Consumer Storage business and the absence of prior year new customer pipeline fill on Calphalon. Normalized operating income was $38.6 million versus $26.8 million in the prior year. Normalized operating margin expanded by 210 basis points to 10.6 percent of sales as a result of the positive mix effect of Rubbermaid Food Storage and input cost deflation on resin, partially offset by the impact of negative foreign currency.

Tools net sales were $180.4 million, a 3.9 percent decline compared to the prior year driven by a negative foreign currency impact of 7.1 percent. Core sales grew 3.2 percent reflecting robust growth in North America, EMEA and Latin America attributable to strong innovation, distribution gains on the core portfolio and pricing. Normalized operating income was $22.2 million versus $21.4 million in the prior year. Normalized operating margin was 12.3 percent of sales compared with 11.4 percent of sales in the prior year. The improvement in operating margin was primarily driven by pricing and disciplined overhead management, partially offset by the impact of negative foreign currency.

Commercial Products net sales were $185.2 million, a 1.4 percent increase compared to the prior year. Core sales, which exclude the Rubbermaid medical cart business, increased 9.0 percent attributable to strong innovation, increased marketing support and pricing in North America and Asia. Normalized operating income was $17.6 million compared to $13.8 million in the prior year. Normalized operating margin was 9.5 percent of sales, compared with 7.6 percent of sales in the prior year. The increase in operating margin reflects the benefits of productivity, pricing and input cost deflation on resin, partially offset by an increase in marketing spending and the impact of negative foreign currency.

Baby & Parenting net sales were $192.1 million, a 7.1 percent increase compared to the prior year. Core sales grew 0.8 percent driven by high single digit growth in North America compared with the prior year period, which was impacted by the Graco recall, and the stabilization of the Japanese business, partially offset by softness in Europe. Normalized operating income was $12.3 million compared to $16.4 million in the prior year. Normalized operating margin was 6.4 percent of sales compared with 9.1 percent of sales in the prior year. The decrease in normalized operating margin was due to increased advertising and promotion spending in support of innovation and the impact of negative foreign currency.

Strategic Changes

The company announced its decision to pursue the sale of its Rubbermaid medical cart business. The planned divestiture of this business will further the company's progress toward creating a faster growing, higher margin and more focused portfolio, enabling accelerated performance.

2015 Full Year Outlook

Newell Rubbermaid reiterated its 2015 full year core sales growth and normalized EPS guidance metrics as follows:

Core sales growth	3.5% to 4.5%

Currency impact	(4.5%) to (5.5%)

Impact of acquisitions, net of planned divestitures	4.0% to 5.0%

Net sales growth	3.0% to 4.0%

Normalized EPS	$2.10 to $2.18

The company now expects foreign exchange to have a negative impact of about $0.35 to $0.37 per diluted share on normalized EPS in 2015, $0.04 worse than the previous outlook provided, driven by the stronger U.S. dollar to most currencies.

The 2015 normalized EPS guidance range excludes between $100 and $140 million of Project Renewal restructuring and other project costs, discontinued operations and costs associated with the Graco recall. (A reconciliation of "expected reported" results to "normalized" results is included in the appendix.)

Cumulative costs of Project Renewal are expected to be $690 to $725 million pretax, with cash costs of $645 to $675 million. Project Renewal is expected to generate annualized cost savings of approximately $620 to $675 million by the end of 2017. The majority of these savings will be reinvested in new capabilities and incremental brand building investment for accelerated growth in the company's home markets and the geographic deployment of its Win Bigger portfolio into the faster growing emerging markets. The company is currently on track to realize annualized cost savings from the first two phases of Project Renewal of approximately $270 to $325 million by the middle of 2015.

Conference Call

The company's first quarter 2015 earnings conference call will be held today, May 1, 2015, at 8:30 a.m. ET. A link to the webcast is provided under Events & Presentations in the Investor Relations section of Newell Rubbermaid's Web site at www.newellrubbermaid.com. A webcast replay and a supporting slide presentation will be made available in the Investor Relations section on the company's Web site under Quarterly Earnings.

Non-GAAP Financial Measures

This release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission and includes a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

The company uses certain non-GAAP financial measures that are included in this press release and the additional financial information both in explaining its results to stockholders and the investment community and in its internal evaluation and management of its businesses. The company's management believes that these non-GAAP financial measures and the information they provide are useful to investors since these measures (a) permit investors to view the company's performance using the same tools that management uses to evaluate the company's past performance, reportable business segments and prospects for future performance and (b) determine certain elements of management's incentive compensation.

The company's management believes that core sales provides a more complete understanding of underlying sales trends by providing sales on a consistent basis as it excludes the impacts of acquisitions, planned or completed divestitures and changes in foreign currency from year-over-year comparisons. As reflected in the Currency Analysis, the effect of foreign currency on reported sales is determined by applying a fixed exchange rate, calculated as the 12-month average in the prior year, to the current and prior year local currency sales amounts, with the difference in these two amounts being the impact on core sales related to foreign currency, and the difference between the change in as reported sales and the change in core sales related to foreign currency reported as the currency impact. The company's management believes that "normalized" gross margin, "normalized" SG&A expense, "normalized" operating income, "normalized" earnings per share and "normalized" tax rates, which exclude restructuring and other expenses and one-time and other events such as costs related to product recalls, the extinguishment of debt, certain tax benefits and charges, impairment charges, pension settlement charges, discontinued operations, costs related to the acquisition and integration of acquired businesses, advisory costs for process transformation and optimization initiatives, dedicated personnel costs related to transformation initiatives under Project Renewal, asset devaluations resulting from the adoption and continued use of the SICAD I Venezuelan Bolivar exchange rate and certain other items, are useful because they provide investors with a meaningful perspective on the current underlying performance of the company's core ongoing operations. The company also uses core sales, normalized gross margin and normalized earnings per share as the three performance criteria in its management cash bonus plan.

The company determines the tax effect of the items excluded from normalized diluted earnings per share by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected. In certain situations in which an item excluded from normalized results impacts income tax expense, the company uses a "with" and "without" approach to determine normalized income tax expense.

While the company believes that these non-GAAP financial measures are useful in evaluating the company's performance, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2014 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Contigo(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R), Baby Jogger(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

Statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income, operating margin or gross margin improvements or declines, Project Renewal, capital and other expenditures, cash flow, dividends, restructuring and other project costs, costs and cost savings, inflation or deflation, particularly with respect to commodities such as oil and resin, debt ratings, changes in exchange rates, product recalls, expected benefits and financial results from recently completed acquisitions and planned divestitures and management's plans, projections and objectives for future operations and performance. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believe," "estimate" and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail, commercial and industrial sectors of the economy in light of the continuation or escalation of the global economic slowdown or regional sovereign debt issues; currency fluctuations; competition with other manufacturers and distributors of consumer products; major retailers' strong bargaining power and consolidation of our retail customers; changes in the prices of raw materials and sourced products and our ability to obtain raw materials and sourced products in a timely manner from suppliers; our ability to develop innovative new products and to develop, maintain and strengthen our end-user brands, including the ability to realize anticipated benefits of increased advertising and promotion spend; product liability, product recalls or regulatory actions; our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; a failure of one of our key information technology systems or related controls; the potential inability to attract, retain and motivate key employees; future events that could adversely affect the value of our assets and require impairment charges; our ability to improve productivity and streamline operations; changes to our credit ratings; significant increases in the funding obligations related to our pension plans due to declining asset values, declining interest rates or otherwise; the imposition of tax liabilities greater than our provisions for such matters; the risks inherent in our foreign operations, including exchange controls and pricing restrictions; our ability to complete planned acquisitions and divestitures; our ability to realize the expected benefits and financial results from our recently acquired businesses and planned divestitures; and those factors listed in our most recently filed Annual Report on Form 10-K filed with the Securities and Exchange Commission. Changes in such assumptions or factors could produce significantly different results. The information contained in this news release is as of the date indicated. The company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.

Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)

	Three Months Ended March 31,
			YOY
	2015	2014	% Change

Net sales	$ 1,264.0	$ 1,214.3	4.1%
Cost of products sold	776.5	757.3

GROSS MARGIN	487.5	457.0	6.7%
% of sales	38.6%	37.6%

Selling, general & administrative expenses	362.0	340.3	6.4%
% of sales	28.6%	28.0%

Restructuring costs	27.3	12.0

OPERATING INCOME	98.2	104.7	(6.2)%
% of sales	7.8%	8.6%

Nonoperating expenses:
Interest expense, net	19.2	14.4
Other expense, net	0.1	40.0
	19.3	54.4	(64.5)%

INCOME BEFORE INCOME TAXES	78.9	50.3	56.9%
% of sales	6.2%	4.1%

Income taxes	22.0	(1.5)	NMF
Effective rate	27.9%	NMF

NET INCOME FROM CONTINUING OPERATIONS	56.9	51.8	9.8%
% of sales	4.5%	4.3%

(Loss) income from discontinued operations, net of tax	(2.8)	1.1

NET INCOME	$ 54.1	$ 52.9	2.3%
	4.3%	4.4%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$ 0.21	$ 0.18
(Loss) income from discontinued operations	$ (0.01)	$ --
Net income	$ 0.20	$ 0.19

Diluted
Income from continuing operations	$ 0.21	$ 0.18
(Loss) income from discontinued operations	$ (0.01)	$ --
Net income	$ 0.20	$ 0.19

AVERAGE SHARES OUTSTANDING:
Basic	270.5	280.9
Diluted	272.7	283.8

NMF - Not meaningful

Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in millions)

	March 31,	March 31,
Assets:	2015	2014

Cash and cash equivalents	$ 215.4	$ 136.8
Accounts receivable, net	1,053.2	973.1
Inventories, net	852.3	801.3
Deferred income taxes	134.4	121.3
Prepaid expenses and other	179.2	198.8

Total Current Assets	2,434.5	2,231.3

Property, plant and equipment, net	563.3	541.3
Goodwill	2,474.6	2,362.0
Other intangible assets, net	877.2	606.5
Other assets	259.2	252.8

Total Assets	$ 6,608.8	$ 5,993.9

Liabilities and Stockholders' Equity:

Accounts payable	$ 615.6	$ 542.8
Accrued compensation	99.8	99.6
Other accrued liabilities	599.9	590.9
Short-term debt	733.9	318.7
Current portion of long-term debt	6.5	0.8

Total Current Liabilities	2,055.7	1,552.8

Long-term debt	2,094.1	1,666.7
Deferred income taxes	223.8	154.0
Other noncurrent liabilities	536.2	546.9

Stockholders' Equity - Parent	1,695.5	2,070.0
Stockholders' Equity - Noncontrolling Interests	3.5	3.5

Total Stockholders' Equity	1,699.0	2,073.5

Total Liabilities and Stockholders' Equity	$ 6,608.8	$ 5,993.9


Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(in millions)

	Three Months Ended March 31,
	2015	2014
Operating Activities:
Net income	$ 54.1	$ 52.9
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	42.2	38.1
Net (gain) loss from sale of discontinued operations, including impairments	--	(2.2)
Non-cash restructuring costs	--	1.0
Deferred income taxes	17.9	14.6
Stock-based compensation expense	6.8	7.0
Other, net	5.5	45.0
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable	170.0	130.5
Inventories	(164.8)	(115.8)
Accounts payable	(38.7)	(16.1)
Accrued liabilities and other	(247.3)	(247.1)
Net cash used in operating activities	$ (154.3)	$ (92.1)

Investing Activities:
Proceeds from sale of discontinued operations and noncurrent assets	$ 4.0	$ --
Acquisitions and acquisition-related activity	(2.0)	--
Capital expenditures	(50.9)	(31.9)
Other	(0.2)	(0.3)
Net cash used in investing activities	$ (49.1)	$ (32.2)

Financing Activities:
Net short-term borrowings	$ 343.4	$ 144.9
Repurchase and retirement of shares of common stock	(73.6)	(44.4)
Cash dividends	(53.2)	(42.9)
Excess tax benefits related to stock-based compensation	15.2	5.6
Other stock-based compensation activity, net	(13.6)	10.7
Net cash provided by financing activities	$ 218.2	$ 73.9

Currency rate effect on cash and cash equivalents	$ 1.2	$ (39.1)

Increase (decrease) in cash and cash equivalents	$ 16.0	$ (89.5)
Cash and cash equivalents at beginning of period	199.4	226.3
Cash and cash equivalents at end of period	$ 215.4	$ 136.8


Newell Rubbermaid Inc.
Financial Worksheet - Segment Reporting
(In Millions)

	2015					2014
		Reconciliation (1,2,3,4)					Reconciliation (1,2)				Year-over-year changes
		Reported	Excluded	Normalized	Operating		Reported	Excluded	Normalized	Operating	Net Sales		Normalized OI
	Net Sales	OI	Items	OI	Margin	Net Sales	OI	Items	OI	Margin	$	%	$	%
Q1:
Writing	$ 341.8	$ 82.4	$ 0.6	$ 83.0	24.3%	$ 348.2	$ 76.1	$ --	$ 76.1	21.9%	$ (6.4)	(1.8)%	$ 6.9	9.1%
Home Solutions	364.5	38.5	0.1	38.6	10.6%	316.4	26.8	--	26.8	8.5%	48.1	15.2%	11.8	44.0%
Tools	180.4	22.2	--	22.2	12.3%	187.8	21.4	--	21.4	11.4%	(7.4)	(3.9)%	0.8	3.7%
Commercial Products	185.2	17.0	0.6	17.6	9.5%	182.6	13.8	--	13.8	7.6%	2.6	1.4%	3.8	27.5%
Baby & Parenting	192.1	0.5	11.8	12.3	6.4%	179.3	5.4	11.0	16.4	9.1%	12.8	7.1%	(4.1)	(25.0)%
Restructuring Costs	--	(27.3)	27.3	--		--	(12.0)	12.0	--		--		--
Corporate	--	(35.1)	14.0	(21.1)		--	(26.8)	7.7	(19.1)		--		(2.0)	(10.5)%
Total	$ 1,264.0	$ 98.2	$ 54.4	$ 152.6	12.1%	$ 1,214.3	$ 104.7	$ 30.7	$ 135.4	11.2%	$ 49.7	4.1%	$ 17.2	12.7%

(1) Excluded items include project-related costs and restructuring costs associated with Project Renewal. Project-related costs of $14.9 million and restructuring costs of $27.3 million incurred during 2015 relate to Project Renewal. For 2014, project-related costs of $7.7 million and restructuring costs of $12.0 million relate to Project Renewal.

(2) Baby & Parenting normalized operating income for 2015 and 2014 excludes charges of $10.2 and $11.0 million, respectively, relating to the Graco product recall.

(3) Writing normalized operating income for 2015 excludes $0.3 million of cost of products sold resulting from increased costs of inventory due to changes in the exchange rate for the Venezuelan Bolivar.

(4) Home Solutions normalized operating income for 2015 excludes $0.1 million of acquisition and integration costs associated with the acquisitions of Ignite Holdings, LLC and bubba brands, and Baby & Parenting normalized operating income for 2015 excludes $1.6 million of costs associated with the acquisition of Baby Jogger.


Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Three Months Ended March 31, 2015
	GAAP Measure		Project Renewal Costs (2)							Non-GAAP Measure
	Reported	Product recall costs (1)	Advisory Costs	Personnel Costs	Other Costs	Restructuring Costs	Inventory charge from the devaluation of the Venezuelan Bolivar (3)	Acquisition and integration cost (4)	Discontinued operations (5)	Normalized*	Percentage of Sales

Cost of products sold	$ 776.5	$ --	$ --	$ (0.2)	$ (1.0)	$ --	$ (0.3)	$ (1.5)	$ --	$ 773.5	61.2%

Gross margin	$ 487.5	$ --	$ --	$ 0.2	$ 1.0	$ --	$ 0.3	$ 1.5	$ --	$ 490.5	38.8%

Selling, general & administrative expenses	$ 362.0	$ (10.2)	$ (10.6)	$ (2.3)	$ (0.8)	$ --	$ --	$ (0.2)	$ --	$ 337.9	26.7%

Operating income	$ 98.2	$ 10.2	$ 10.6	$ 2.5	$ 1.8	$ 27.3	$ 0.3	$ 1.7	$ --	$ 152.6	12.1%

Income before income taxes	$ 78.9	$ 10.2	$ 10.6	$ 2.5	$ 1.8	$ 27.3	$ 0.3	$ 1.7	$ --	$ 133.3

Income taxes (6)	$ 22.0	$ 3.3	$ 3.4	$ 0.8	$ 0.6	$ 5.5	$ 0.1	$ 0.6	$ --	$ 36.3

Net income from continuing operations	$ 56.9	$ 6.9	$ 7.2	$ 1.7	$ 1.2	$ 21.8	$ 0.2	$ 1.1	$ --	$ 97.0

Net income	$ 54.1	$ 6.9	$ 7.2	$ 1.7	$ 1.2	$ 21.8	$ 0.2	$ 1.1	$ 2.8	$ 97.0

Diluted earnings per share**	$ 0.20	$ 0.03	$ 0.03	$ 0.01	$ 0.00	$ 0.08	$ 0.00	$ 0.00	$ 0.01	$ 0.36


	Three Months Ended March 31, 2014
	GAAP Measure					Non-GAAP Measure
	Reported	Product recall costs (1)	Restructuring and restructuring-related costs (2)	Charge resulting from the devaluation of the Venezuelan Bolivar (7)	Discontinued operations (5)	Normalized*	Percentage of Sales

Cost of products sold	$ 757.3	$ (8.6)	$ --	$ --	$ --	$ 748.7	61.7%

Gross margin	$ 457.0	$ 8.6	$ --	$ --	$ --	$ 465.6	38.3%

Selling, general & administrative expenses	$ 340.3	$ (2.4)	$ (7.7)	$ --	$ --	$ 330.2	27.2%

Operating income	$ 104.7	$ 11.0	$ 19.7	$ --	$ --	$ 135.4	11.2%

Nonoperating expenses	$ 54.4	$ --	$ --	$ (38.7)	$ --	$ 15.7

Income before income taxes	$ 50.3	$ 11.0	$ 19.7	$ 38.7	$ --	$ 119.7

Income taxes (6)	$ (1.5)	$ 4.0	$ 5.5	$ 13.9	$ --	$ 21.9

Net income from continuing operations	$ 51.8	$ 7.0	$ 14.2	$ 24.8	$ --	$ 97.8

Net income	$ 52.9	$ 7.0	$ 14.2	$ 24.8	$ (1.1)	$ 97.8

Diluted earnings per share**	$ 0.19	$ 0.02	$ 0.05	$ 0.09	$ (0.00)	$ 0.34
		.

* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.
**Totals may not add due to rounding.

(1) During the three months ended March 31, 2015 and 2014, the Company recognized costs of $10.2 million and $11.0 million, respectively, associated with the Graco product recall.

(2) Costs associated with Project Renewal during the three months ended March 31, 2015 include $14.9 million of project-related costs and $27.3 million of restructuring costs. Project-related costs include advisory and consultancy costs, compensation and related costs of personnel dedicated to transformation projects, and other project-related costs. Restructuring and restructuring-related costs during the three months ended March 31, 2014 include $7.7 million of organizational change implementation and restructuring-related costs and $12.0 million of restructuring costs incurred in connection with Project Renewal.

(3) During the three months ended March 31, 2015, the Company recognized an increase of $0.3 million in cost of products sold resulting from increased costs of inventory due to changes in the exchange rate for the Venezuelan Bolivar.

(4) During the three months ended March 31, 2015, the Company incurred $1.7 million of acquisition and integration costs associated with the acquisitions of Ignite Holdings, bubba brands and Baby Jogger.

(5) During the three months ended March 31, 2015 and 2014, the Company recognized net losses of $2.8 million and net income of $1.1 million, respectively, in discontinued operations, which primarily relates to the results of operations of Endicia and certain Culinary businesses.

(6) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.

(7) During the three months ended March 31, 2014, the Company recognized foreign exchange losses of $38.7 million resulting from the devaluation of the Venezuelan Bolivar, which under hyperinflationary accounting is recorded in the Statement of Operations.

Newell Rubbermaid Inc.

Three Months Ended March 31, 2015

In Millions

Currency Analysis

By Segment

Net Sales, As Reported

Core Sales (1)

Year-Over-Year

Increase (Decrease)

2015

2014

Increase(Decrease)

2015

Less
Planned
Divestitures

Less
Acquisitions

2015
Core Sales

2014

Less
Planned
Divestitures

2014
Core Sales

Constant
Currency
Inc. (Dec.)

Inc. (Dec.)
Excl.
Planned
Divest. &
Acquisitions

Currency
Impact

Excluding
Currency

Including
Currency

Currency
Impact

Acquisitions

Planned
Divestitures

Core
Sales
Growth (1)

Writing

$ 341.8

$ 348.2

$ (6.4)

$ 369.4

$ --

$ 369.4

$ 339.0

$ --

$ 339.0

$ 30.4

$ (36.8)

9.0%

(1.8)%

(10.8)%

0.0%

9.0%

Home Solutions

364.5

316.4

48.1

367.6

48.4

319.2

316.3

51.3

2.9

(3.2)

16.2%

15.2%

(1.0)%

15.3%

(0.0)%

0.9%

Tools

180.4

187.8

(7.4)

192.8

186.8

6.0

(13.4)

3.2%

(3.9)%

(7.1)%

0.0%

(0.0)%

3.2%

Commercial Products

185.2

182.6

2.6

189.5

9.8

179.7

181.5

16.6

164.9

8.0

14.8

(5.4)

4.4%

1.4%

(3.0)%

0.0%

(4.6)%

9.0%

Baby & Parenting

192.1

179.3

12.8

197.5

18.2

179.3

177.9

19.6

1.4

(6.8)

11.0%

7.1%

(3.9)%

10.2%

(0.0)%

0.8%

Total Company

$1,264.0

$1,214.3

$ 49.7

$ 1,316.8

$ 9.8

$ 66.6

$ 1,240.4

$ 1,201.5

$ 16.6

$ 1,184.9

$ 115.3

$ 55.5

$ (65.6)

9.6%

4.1%

(5.5)%

5.5%

(0.6)%

4.7%

Win Bigger Businesses Core Sales Growth (2)

$ 707.4

$ 718.6

$ (11.2)

$ 751.7

$ 9.8

$ --

$ 741.9

$ 707.3

$ 16.6

$ 690.7

$ 44.4

$ 51.2

$ (55.6)

6.3%

(1.6)%

(7.9)%

0.0%

(1.1)%

7.4%

By Geography

United States

$ 917.2

$ 813.5

$ 103.7

$ 917.2

$ 9.4

$ 66.6

$ 841.2

$ 813.5

$ 15.7

$ 797.8

$ 103.7

$ 43.4

$ --

12.7%

0.0%

8.2%

(0.9)%

5.4%

Canada

46.2

53.1

(6.9)

51.6

0.4

51.2

53.0

0.9

52.1

(1.4)

(0.9)

(5.5)

(2.6)%

(13.0)%

(10.4)%

0.0%

(0.9)%

(1.7)%

Total North America

963.4

866.6

96.8

968.8

9.8

66.6

892.4

866.5

16.6

849.9

102.3

42.5

(5.5)

11.8%

11.2%

(0.6)%

7.7%

(0.9)%

5.0%

Europe, Middle East and Africa

127.6

163.9

(36.3)

150.5

158.8

(8.3)

(28.0)

(5.2)%

(22.1)%

(16.9)%

0.0%

(5.2)%

Latin America

89.4

92.0

(2.6)

106.8

85.1

21.7

(24.3)

25.5%

(2.8)%

(28.3)%

0.0%

25.5%

Asia Pacific

83.6

91.8

(8.2)

90.7

91.1

(0.4)

(7.8)

(0.4)%

(8.9)%

(8.5)%

0.0%

(0.4)%

Total International

300.6

347.7

(47.1)

348.0

335.0

13.0

(60.1)

3.9%

(13.5)%

(17.4)%

0.0%

3.9%

Total Company

$1,264.0

$1,214.3

$ 49.7

$ 1,316.8

$ 9.8

$ 66.6

$ 1,240.4

$ 1,201.5

$ 16.6

$ 1,184.9

$ 115.3

$ 55.5

$ (65.6)

9.6%

4.1%

(5.5)%

5.5%

(0.6)%

4.7%

(2) Win Bigger businesses include Writing, Tools, and Commercial Products segments.


Newell Rubbermaid Inc.
Reconciliation of Normalized EPS Guidance
Year Ending December 31, 2015

	Year Ending
	December 31, 2015
Diluted earnings per share	$ 1.63	to	$ 1.81
Graco product recall		$ 0.03
Restructuring and other Project Renewal costs	$ 0.26	to	$ 0.40
Acquisition and integration costs		$ 0.01
Discontinued operations	$ --	to	$ (0.01)
Normalized earnings per share	$ 2.00	to	$ 2.18

Newell RubbermaidRubbermaidoperating incomeforeign currency
Contact:
Nancy O'Donnell
Vice President, Investor Relations
(770) 418-7723
Nicole Quinlan
Senior Manager, Global Communications
(770) 418-7251

[Dr_of_Microcaps] 6:50 am Newell Rubbermaid beats by $0.02, reports revs in-line; reaffirms FY15 E...

Dr_of_Microcaps — 5/1/2015 7:24:54 AM

6:50 am Newell Rubbermaid beats by $0.02, reports revs in-line; reaffirms FY15 EPS guidance, revs guidance ( NWL) : Reports Q1 (Mar) earnings of $0.36 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.34; revenues rose 4.1% year/year to $1.26 bln vs the $1.27 bln consensus.

Co reaffirms guidance for FY15, sees EPS of $2.10-2.18 vs. $2.15 Capital IQ Consensus Estimate; sees FY15 revs of +3.5-4.5% to ~$5.93-5.98 bln vs. $5.93 bln Capital IQ Consensus Estimate. Normalized gross margin was 38.8 percent, a 50 basis point improvement versus prior year, as benefits from productivity, commodity deflation and pricing more than offset the negative impacts of foreign currency and mix from acquisitions.

[Dr_of_Microcaps] Newell Rubbermaid Announces Agreement for Sale of Endicia Online Shipping Busine...

Dr_of_Microcaps — 3/25/2015 12:58:20 AM

Newell Rubbermaid Announces Agreement for Sale of Endicia Online Shipping Business to Stamps.com

Newell Rubbermaid8 hours ago GlobeNewswire

ATLANTA, March 24, 2015 (GLOBE NEWSWIRE) -- Newell Rubbermaid Inc. ( NWL) today announced it has entered into a definitive agreement to sell Endicia, a developer of global online shipping solutions, to Stamps.com, a leading provider of online postage solutions based in El Segundo, CA.

2014 adjusted sales for Endicia were approximately $59 million and were included in income from discontinued operations. The purchase price is approximately $215 million, subject to customary working capital and transaction adjustments. The transaction is expected to close by the end of 2015, subject to certain customary conditions, including regulatory approvals. Robert W. Baird & Co. acted as financial advisor to Newell Rubbermaid on the transaction.

"The announced sale of our Endicia business furthers our strategy of strengthening and focusing our portfolio to create a faster growing, higher margin business," said Michael Polk, Newell Rubbermaid President and Chief Executive Officer. "While a very attractive asset, Endicia is not focused in the core of our portfolio, and under new ownership is in an exciting position to continue innovating and offering the best possible solutions and service for its customers and partners."

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2014 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Contigo(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R), Baby Jogger(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking information based on management's current views and assumptions. Actual events may differ materially. Factors that may affect actual results include, but are not limited to, whether and when the required regulatory approvals will be obtained, whether and when the closing conditions will be satisfied and whether and when the transaction will close. Please refer to the cautionary statements set forth in the "Forward-Looking Statements" section of the Company's most recently filed Annual Report on Form 10-K as well as the risk factors set forth in Item 1A thereto, for other factors that could affect our business.

View photo

.

Contact:
Nancy O'Donnell
Vice President, Investor Relations
(770) 418-7723
Nicole Quinlan
Senior Manager, Global Communications
(770) 418-7251

[Dr_of_Microcaps] Newell Rubbermaid Announces Closing of Baby Jogger Holdings, Inc. Acquisition ...

Dr_of_Microcaps — 12/17/2014 12:12:42 PM

Newell Rubbermaid Announces Closing of Baby Jogger Holdings, Inc. Acquisition

Newell Rubbermaid December 16, 2014 7:30 AM GlobeNewswire

ATLANTA, Dec. 16, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) announced today that it has completed the acquisition of Baby Jogger Holdings, Inc. ("Baby Jogger") from the Riverside Company, a global private equity firm. Baby Jogger is a leading designer and marketer of premium infant and juvenile products focused on activity strollers and related accessories. The company has a strong growth track record and is expected to deliver approximately $90 million of net sales in 2014. The purchase price of $210 million represents approximately 12 times estimated 2014 EBITDA before synergies and any potential tax benefits. The acquisition is expected to be accretive to Newell Rubbermaid's growth rate, EBITDA margin and normalized EPS in the first year.

"I am very pleased to add this strategic asset to our Baby & Parenting portfolio," said Newell Rubbermaid President and CEO Michael Polk. "In combination with Graco and Aprica, Baby Jogger and its City Mini(R) and City Select(R) sub-brands offer compelling growth opportunities which will further establish Newell Rubbermaid as a global leader in juvenile products as we drive the Growth Game Plan into action."

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of $5.6 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Contigo(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking information based on management's current views and assumptions regarding the anticipated benefits of the transaction, including Baby Jogger's financial contribution to the Company's financial results, and the Company's expected investments in the Baby Jogger business. Actual events may differ materially. Factors that may affect actual results include, but are not limited to, the ability of the Company to integrate the Baby Jogger business with the Company's existing businesses and realize the expected financial results and accretive effect of the transaction, and reaction of the Company's customers, competitors, suppliers and employees to the transaction. Please refer to the cautionary statements set forth in the "Forward-Looking Statements" section of the Company's most recently filed Quarterly Report on Form 10-Q as well as the risk factors set forth in Exhibit 99.1 thereto, for other factors that could affect our business.

Consumer DiscretionaryInvestment & Company InformationNewell RubbermaidRiverside Company
Contact:
Nancy O'Donnell
Vice President, Investor Relations
(770) 418-7723
Nicole Quinlan
Senior Manager, Corporate Communications
(770) 418-7251

[Dr_of_Microcaps] Newell Rubbermaid to Acquire Baby Jogger Holdings, Inc. ...

Dr_of_Microcaps — 12/1/2014 2:28:54 PM

Newell Rubbermaid to Acquire Baby Jogger Holdings, Inc.

Newell Rubbermaid 5 hours ago GlobeNewswire

ATLANTA, Dec. 1, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) announced today it has signed a definitive agreement to acquire Baby Jogger Holdings, Inc. ("Baby Jogger") from The Riverside Company, a global private equity firm. Baby Jogger is a leading designer and marketer of branded infant and juvenile products focused on premium and activity strollers and related accessories. Founded in 1984 and located in Richmond, Virginia, the company has built a strong reputation thanks to its full line of award-winning functional products designed for active and on-the-go parents. The company's City Mini(R) stroller continues to set the standard in the premium space with its lightweight, sleek and award-winning design and patented one-handed fold.

Baby Jogger is expected to deliver approximately $90 million of net sales in 2014 and has a strong growth track record. The purchase price is approximately $210 million, subject to customary working capital and transaction adjustments. The acquisition is expected to be accretive to Newell Rubbermaid's growth rate and normalized EPS in the first year.

Newell Rubbermaid President and CEO Michael Polk said, "Baby Jogger has a great track record of growth and innovation, and their City Mini(R), City Select(R) and other sub-brands in the premium stroller category are perfect complements to our Graco stroller business. Baby Jogger sells its products in more than 70 countries around the world and will help us transform Newell Rubbermaid into a larger, faster growing, more global and more profitable company."

The acquired business will become part of the Baby & Parenting segment with Baby Jogger joining the company's Graco(R) and Aprica(R) businesses.

"Baby Jogger is a leader in the premium stroller market, and is the product of choice for modern, urban, active parents who appreciate Baby Jogger's quality, design, and innovative features, such as their Quick-Fold technology," said Mark Tarchetti, Newell Rubbermaid's Chief Development Officer. "The Baby Jogger brand and product sub-brands are very well known around the world. We see this as a great opportunity to grow our business in the premium space, and expand our geographic footprint, both of which will further accelerate our growth under the Growth Game Plan."

Mark Zehfuss, CEO of Baby Jogger, said "We are delighted to have found a long term strategic owner for the business who shares our pride in the achievements and vision of the company, but can bring a new level of investment and broad juvenile products expertise."

The acquisition is expected to be financed through a combination of organic cash flow and available borrowings and is expected to close by the end of the fourth quarter of 2014, subject to customary conditions and regulatory approvals. Robert W. Baird & Co. acted as financial advisor to Newell Rubbermaid on this transaction.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Contigo(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking information based on management's current views and assumptions. Actual events may differ materially. Factors that may affect actual results include, but are not limited to: whether and when the closing conditions will be satisfied and whether and when the transaction will close, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction, and how customers, competitors, suppliers and employees will react to the transaction. Please refer to the cautionary statements set forth in the "Forward-Looking Statements" section of the Company's most recently filed Quarterly Report on Form 10-Q as well as the risk factors set forth in Exhibit 99.1 thereto, for other factors that could affect our business.

Consumer DiscretionaryInvestment & Company InformationNewell Rubbermaid
Contact:
Nancy O'Donnell
Vice President, Investor Relations
(770) 418-7723
Nicole Quinlan
Senior Manager, Corporate Communications

[Dr_of_Microcaps] Newell Rubbermaid October 17, 2014 9:15 AM ...

Dr_of_Microcaps — 10/19/2014 2:57:02 PM

Newell Rubbermaid October 17, 2014 9:15 AM GlobeNewswire

ATLANTA, Oct. 17, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) announced today that it has signed a definitive agreement to acquire the assets of bubba brands, inc. ("bubba"), a wholly owned subsidiary of In Zone Holdings, Inc.

A leading designer and marketer of durable beverage containers, bubba is expected to deliver over $50 million of net sales in 2014. The acquisition will expand Newell Rubbermaid's presence in on-the-go thermal and hydration beverageware, leveraging the company's recent acquisition of the Contigo(R) and Avex(R) brands, and is expected to be accretive to Newell Rubbermaid's net sales growth rate, normalized operating income margin and normalized EPS within the first year.

Newell Rubbermaid President and CEO Michael Polk said, "The acquisition of bubba further strengthens our position as a leader in one of the fastest-growing consumer durables categories in North America. We are excited to add this innovative brand to the portfolio. In combination with the Contigo, Avex and Rubbermaid(R) brands, the agreement to acquire bubba represents a tremendous opportunity to strengthen our growth agenda as we drive our Growth Game Plan strategy into action."

The acquisition will be financed through organic cash flow and available borrowings and is expected to close this month, subject to customary closing conditions. Additional details will be provided during the company's third quarter 2014 earnings call on October 31.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Contigo(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking information based on management's current views and assumptions. Actual events may differ materially. Factors that may affect actual results include, but are not limited to: whether and when the closing conditions will be satisfied and whether and when the transaction will close, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction, and how customers, competitors, suppliers and employees will react to the transaction. Please refer to the cautionary statements set forth in the "Forward-Looking Statements" section of the Company's most recently filed Quarterly Report on Form 10-Q as well as the risk factors set forth in Exhibit 99.1 thereto, for other factors that could affect our business.

Consumer DiscretionaryMergers, Acquisitions & TakeoversNewell Rubbermaid
Contact:
Nancy O'Donnell
Vice President, Investor Relations
(770) 418-7723
Nicole Quinlan
Senior Manager, Corporate Communications
(770) 418-7251

[Dr_of_Microcaps] Newell Rubbermaid Announces Strong Second Quarter Results [graphic] Newell Rubb...

Dr_of_Microcaps — 7/31/2014 11:03:10 AM

Newell Rubbermaid Announces Strong Second Quarter Results

Newell Rubbermaid4 hours ago

4.6% Core Sales Growth and Normalized EPS of $0.593.1% Net Sales Growth and Reported EPS of $0.54Reaffirms Full Year GuidanceSecond Quarter Executive Summary

3.1 percent net sales growth; 4.6 percent core sales growth, excluding foreign currency40.0 percent reported gross margin; 40.3 percent normalized gross margin14.0 percent reported operating margin; 15.8 percent normalized operating margin$0.54 reported EPS, up 45.9 percent versus prior year; $0.59 normalized EPS, up 18.0 percent versus prior yearSignificantly increased advertising investment to build brands and support new innovationRepurchased 3.9 million shares at a cost of $114.3 millionAgreed to acquire Ignite Holdings, LLC, a leading designer and marketer of on-the-go beverage containers under the Contigo(R) and Avex(R) brandsATLANTA, July 31, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) today announced its second quarter 2014 financial results.

"We have delivered very strong second quarter results across all key metrics," said Michael Polk, Newell Rubbermaid's President and Chief Executive Officer. "Outstanding top line performance in Writing, Tools and Commercial Products drove core sales growth of 4.6 percent. Normalized gross margin increased to 40.3 percent driven by pricing, productivity and positive mix. Normalized operating margin increased to 15.8 percent despite more than doubling our investment in advertising, and normalized EPS increased 18 percent to $0.59. These strong results give us increased confidence that our strategy of accelerating advertising and promotion in support of our brands is working. In fact, we now believe we are tracking toward the high end of our normalized EPS guidance range of $1.94 to $2.00 for the full year.

"Beyond an excellent set of results, we are very pleased with the recently announced agreement to acquire Ignite Holdings and its Contigo(R) and Avex(R) brands. Ignite has a proven design and innovation capability in the fast growing on-the-go beverage container market and has built a strong track record of growth. I am excited by the prospects of leveraging both our own investments in our new state-of-the-art design center and Ignite's capabilities to strengthen Newell Rubbermaid into a brand- and innovation-led company that is famous for design and product performance."

Second Quarter 2014 Operating Results

Net sales in the second quarter were $1.52 billion, compared with $1.47 billion in the prior year. Core sales, which exclude 150 basis points of negative foreign currency impact, grew 4.6 percent.

Reported gross margin was 40.0 percent. Normalized gross margin was 40.3 percent, an 80 basis point improvement versus prior year results. The benefits of pricing, productivity and positive mix more than offset inflation.

Second quarter reported operating margin was 14.0 percent compared with 12.6 percent in the prior year. Reported operating income was $213.4 million versus $185.4 million.

Normalized operating margin was 15.8 percent, compared with 14.9 percent in the prior year period. Normalized operating income was $239.8 million compared with $219.5 million in the prior year period. Second quarter 2014 normalized operating income excludes restructuring and restructuring-related costs of $22.0 million, $4.0 million of charges associated with the first turn of Venezuela inventory after the first quarter 2014 devaluation and $0.4 million of costs associated with the recall of harness buckles on select car seats. Second quarter 2013 normalized operating income excludes $34.1 million of restructuring and restructuring-related costs.

Both reported and normalized operating margins reflect gross margin expansion and significantly improved operating results in Writing, Tools and Commercial Products.

The reported tax rate was 25.8 percent versus 29.8 percent in the prior year period. The normalized tax rate was 27.2 percent compared with 26.6 percent in the prior year.

Reported net income was $150.6 million, compared with $109.8 million in the prior year. Reported diluted earnings per share were $0.54 compared with the prior year's $0.37 per diluted share. Increased sales, lower restructuring costs, a lower tax rate and the positive impact from a lower share count drove the improvement.

Normalized net income was $165.6 million, compared with $147.1 million in the prior year. Normalized diluted earnings per share of $0.59 compared with the prior year's $0.50. The year over year improvement was attributable to increased sales volume, gross margin expansion and the positive impact of a lower share count.

For the second quarter 2014, normalized diluted earnings per share excludes $0.06 per diluted share for restructuring and restructuring-related costs associated with Project Renewal, $0.01 per diluted share for the increased cost of products sold for the first turn of Venezuela inventory after the first quarter 2014 devaluation, $0.01 per diluted share of income tax benefits attributable to the resolution of tax contingencies and net income from discontinued operations of $0.01 per diluted share. For the second quarter 2013, normalized diluted earnings per share excludes $0.10 per diluted share for restructuring and restructuring-related costs associated with Project Renewal, and a net loss (including impairments) from discontinued operations of $0.02 per diluted share. (A reconciliation of the "as reported" results to "normalized" results is included below.)

Operating cash flow was $96.2 million compared with $63.3 million in the prior year period.

A reconciliation of the second quarter 2014 and 2013 results is as follows:

	Q2 2014*	Q2 2013*

Diluted earnings per share (as reported)	$0.54	$0.37
Restructuring and restructuring-related costs	0.06	0.10
Venezuela inventory turn	0.01	--
Resolution of income tax contingencies	(0.01)	--
Discontinued operations	(0.01)	0.02
Normalized EPS	$0.59	$0.50

*Totals may not add due to rounding

Second Quarter 2014 Operating Segment Results

Writing net sales for the second quarter were $502.6 million, a 5.2 percent increase compared to prior year. Core sales increased 8.9 percent, driven by pricing in Latin America and better than expected Back-to-School sell-in in anticipation of the company's planned heavy third quarter 2014 advertising, marketing, and merchandising programs. Normalized operating income was $133.6 million compared with $123.6 million in the prior year. Despite a significant increase in advertising investment, normalized operating margin increased 70 basis points to 26.6 percent driven by strong productivity and disciplined overhead management.

Home Solutions net sales were $388.9 million, a 2.6 percent decline compared to prior year. Core sales declined 1.8 percent, as share growth on Calphalon(R) and Rubbermaid(R) Food and Beverage was more than offset by declines on certain lower margin product lines. Operating income was $48.3 million, or 12.4 percent of sales, compared with $53.7 million, or 13.5 percent of sales, in the prior year. The decrease in operating margin was driven by input cost inflation and the deleveraging effect on margins from lower sales volumes, partially offset by productivity and overhead cost management.

Tools segment net sales were $222.3 million, a 12.3 percent improvement compared to prior year. Core sales increased 12.9 percent driven by strong volume growth on Irwin(R) in all geographic regions. Adjusting for the prior year pull forward of volume into the first quarter of 2013 related to the SAP conversion in Brazil, Tools global core sales increased 10.1 percent. Operating income was $29.9 million, or 13.5 percent of sales, compared with $18.3 million, or 9.2 percent of sales, in the prior year. The increase in operating margin was primarily driven by improved leverage of costs on higher sales volume, pricing and mix.

Commercial Products net sales were $223.5 million, a 9.8 percent increase compared to prior year. Core sales increased 9.9 percent attributable to pricing and very good volume growth on Rubbermaid Commercial Products(R) and the return to growth of Rubbermaid Healthcare(R) in North America. Operating income was $36.2 million, or 16.2 percent of sales, compared with $21.9 million, or 10.8 percent of sales, in the prior year period. The increase in operating margin reflects the benefits of pricing and strong productivity, partially offset by input cost inflation.

Baby & Parenting net sales were $183.7 million, a decline of 6.4 percent compared to prior year. Core sales declined 6.7 percent, as product line exits in Europe and competitive pressures in Japan more than offset slight growth in North America. Normalized operating income was $12.6 million, or 6.9 percent of sales, compared with $23.8 million, or 12.1 percent of sales, in the prior year. The decrease in normalized operating margin was largely due to geographical mix and the adverse impact of foreign currency.

Six Month Results

Net sales for the six months ended June 30, 2014 increased 1.4 percent to $2.75 billion, compared with $2.72 billion in the prior year. Core sales increased 2.8 percent for the six months with foreign currency adversely impacting net sales by 140 basis points.

Gross margin was 39.1 percent. Normalized gross margin was 39.6 percent.

Normalized operating margin of 13.6% was an increase of 40 basis points compared with 13.2% in the prior year. Reported operating margin improved by 120 basis points primarily driven by lower restructuring and restructuring-related costs.

Normalized earnings were $0.94 per diluted share compared with $0.85 per diluted share in the prior year. For the six months ended June 30, 2014, normalized diluted earnings per share exclude $0.11 per diluted share for restructuring and restructuring-related costs associated with Project Renewal, $0.03 per diluted share for costs of the recall of harness buckles on select car seats, $0.09 per diluted share resulting from the use of the SICAD I exchange rate for the company's Venezuelan operations, $0.01 per diluted share for the increased cost of products sold for the first turn of Venezuela inventory after the first quarter 2014 devaluation, $0.01 per diluted share of income tax benefits attributable to the resolution of tax contingencies, and net income from discontinued operations of $0.01 per diluted share. For the six months ended June 30, 2013, normalized diluted earnings per share exclude $0.23 per diluted share for restructuring and restructuring-related costs associated with Project Renewal, $0.02 per diluted share resulting from the currency devaluation in Venezuela, $0.02 per diluted share of income tax benefits attributable to the resolution of tax contingencies, and a net loss (including impairments) from discontinued operations of $0.06 per diluted share. (A reconciliation of the "as reported" results to "normalized" results is included below.)

Net income, as reported, was $203.5 million, or $0.72 per diluted share. This compares with $164.0 million, or $0.56 per diluted share, in the prior year.

Operating cash flow was $4.1 million during the first six months of 2014 compared with a use of $59.8 million in the prior year.

A reconciliation of the six month 2014 and 2013 results is as follows:

	YTD Q2 2014	YTD Q2 2013

Diluted earnings per share (as reported)	$0.72	$0.56

Restructuring and restructuring-related costs	0.11	0.23

Costs associated with harness buckle recall	0.03	--

Currency devaluation -- Venezuela	0.09	0.02

Venezuela inventory turn	0.01	--

Resolution of income tax contingencies	(0.01)	(0.02)

(Income) loss from discontinued operations	(0.01)	0.06

Normalized EPS	$0.94	$0.85

2014 Full Year Outlook

Newell Rubbermaid reaffirmed its full year guidance metrics:

Core sales growth of 3 to 4 percent;Normalized operating margin improvement of up to 40 basis points;Normalized EPS of $1.94 to $2.00; andOperating cash flow between $600 and $650 million.The company now expects foreign exchange to have a negative impact of about 150 basis points on 2014 net sales and $0.12 to $0.14 per diluted share on normalized EPS. The impact on reported EPS is expected to be a negative $0.22 to $0.24 per diluted share due to the $0.10 charge included in reported EPS related to the adoption of the SICAD I rate for the company's Venezuelan operations. Subsequent to the first quarter, the company began using the exchange rate determined by periodic auctions for U.S. dollars conducted under Venezuela's SICAD I exchange mechanism (approximately 10.0 to 11.0 Bolivars per U.S. dollar).

The 2014 normalized EPS guidance range excludes between $100 and $120 million of Project Renewal restructuring and restructuring-related charges. (A reconciliation of "expected reported" results to "normalized" results is included below.)

The company is on track to realize cumulative annualized cost savings of $270 to $325 million by the second quarter of 2015 related to Project Renewal. The majority of these savings is expected to be reinvested in the business to strengthen brand building and selling capabilities to accelerate growth.

Operating cash flow guidance assumes $100 to $120 million in restructuring and restructuring-related cash payments. Capital expenditures are projected at $150 to $175 million.

A reconciliation of the 2014 earnings outlook is as follows:

	FY 2014

Diluted earnings per share	$1.50 to $1.56

Restructuring and restructuring-related costs	0.29 to 0.37

Costs associated with harness buckle recall	0.03

Currency devaluation -- Venezuela	0.09

Venezuela inventory turn	0.01

Resolution of income tax contingencies	(0.01)

Income from discontinued operations	(0.01)

Normalized EPS	$1.94 to $2.00

Conference Call

The company's second quarter 2014 earnings conference call will be held today, July 31, 2014, at 8:00 a.m. ET. A link to the webcast is provided under Events & Presentations in the Investor Relations section of Newell Rubbermaid's Web site at www.newellrubbermaid.com. The webcast will be available for replay. A supporting slide presentation will be made available in the Investor Relations section on the company's Web site under Quarterly Earnings.

Non-GAAP Financial Measures

This release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission and includes a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

The company uses certain financial measures that are included in this press release and the additional financial information both in explaining its results to stockholders and the investment community and in its internal evaluation and management of its businesses. The company's management believes that these measures - including those that are "non-GAAP financial measures" - and the information they provide are useful to investors since these measures (a) permit investors to view the company's performance using the same tools that management uses to evaluate the company's past performance, reportable business segments and prospects for future performance and (b) determine certain elements of management's incentive compensation.

The company's management believes that core sales, as reflected in the Currency Analysis, is useful to investors because it demonstrates the effect of foreign currency on reported sales. The effect of foreign currency on reported sales is determined by applying a fixed exchange rate, calculated as the 12-month average in 2013, to the current and prior year local currency sales amounts, with the difference in these two amounts being the change in core sales and the difference between the change in as reported sales and the change in core sales reported as the currency impact. The company believes that providing adjusted core sales excluding the impacts of product line exits and timing shifts related to implementations of SAP is useful in that it helps investors understand underlying business trends. The company's management believes that "normalized" gross margin, "normalized" SG&A expense, "normalized" operating income and "normalized" tax rates, which exclude restructuring and restructuring-related expenses and one-time events such as costs related to product recalls, the extinguishment of debt, certain tax benefits and charges, impairment charges, discontinued operations and certain other items, are useful because they provide investors with a meaningful perspective on the current underlying performance of the company's core ongoing operations. The company's management believes that "normalized" earnings per share, which also excludes restructuring and restructuring-related charges and one-time events such as losses related to product recalls, asset devaluations resulting from the adoption of the SICAD I Venezuelan Bolivar exchange rate, the extinguishments of debt, tax benefits and charges, impairment charges, discontinued operations and certain other items, is useful to investors because it permits investors to better understand year-over-year changes in underlying operating performance. The company also uses core sales, normalized gross margin and normalized earnings per share as the three performance criteria in its management cash bonus plan.

The company determines the tax effect of the items excluded from normalized diluted earnings per share by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.

While the company believes that these non-GAAP financial measures are useful in evaluating the company's performance, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

Statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income, operating margin or gross margin improvements or declines, Project Renewal, capital and other expenditures, cash flow, dividends, restructuring and restructuring-related costs, costs and cost savings, inflation or deflation, particularly with respect to commodities such as oil and resin, debt ratings, changes in exchange rates, product recalls and management's plans, projections and objectives for future operations and performance. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believe," "estimate" and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail, commercial and industrial sectors of the economy in light of the continuation or escalation of the global economic slowdown or regional sovereign debt issues; currency fluctuations; competition with other manufacturers and distributors of consumer products; major retailers' strong bargaining power; changes in the prices of raw materials and sourced products and our ability to obtain raw materials and sourced products in a timely manner from suppliers; our ability to develop innovative new products and to develop, maintain and strengthen our end-user brands; product liability, product recalls or regulatory actions (including any fines or penalties resulting from governmental investigations into the circumstances related thereto); our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; a failure of one of our key information technology systems or related controls; the potential inability to attract, retain and motivate key employees; future events that could adversely affect the value of our assets and require impairment charges; our ability to improve productivity and streamline operations; changes to our credit ratings; significant increases in the funding obligations related to our pension plans due to declining asset values, declining interest rates or otherwise; the imposition of tax liabilities greater than our provisions for such matters; the risks inherent in our foreign operations; with respect to the Ignite Holdings, LLC transaction, whether and when the required regulatory approvals will be obtained, whether and when the transaction closes, as well as our ability to realize the expected financial results of the transaction; and those factors listed in our most recently filed Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission, and Exhibit 99.1 thereto. Changes in such assumptions or factors could produce significantly different results. The information contained in this news release is as of the date indicated. The company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.

Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)


	Three Months Ended June 30,
			YOY
	2014	2013	% Change

Net sales	$ 1,521.0	$ 1,474.7	3.1%
Cost of products sold	912.6	892.0

GROSS MARGIN	608.4	582.7	4.4%
% of sales	40.0%	39.5%

Selling, general & administrative expenses	383.5	365.3	5.0%
% of sales	25.2%	24.8%

Restructuring costs	11.5	32.0

OPERATING INCOME	213.4	185.4	15.1%
% of sales	14.0%	12.6%

Nonoperating expenses:
Interest expense, net	15.0	15.0
Other (income) expense, net	(2.6)	4.2
	12.4	19.2	(35.4)%

INCOME BEFORE INCOME TAXES	201.0	166.2	20.9%
% of sales	13.2%	11.3%

Income taxes	51.9	49.6	4.6%
Effective rate	25.8%	29.8%

NET INCOME FROM CONTINUING OPERATIONS	149.1	116.6	27.9%
% of sales	9.8%	7.9%

Income (loss) from discontinued operations, net of tax	1.5	(6.8)

NET INCOME	$ 150.6	$ 109.8	37.2%
	9.9%	7.4%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$ 0.54	$ 0.40
Income (loss) from discontinued operations	$ 0.01	$ (0.02)
Net income	$ 0.54	$ 0.38

Diluted
Income from continuing operations	$ 0.53	$ 0.40
Income (loss) from discontinued operations	$ 0.01	$ (0.02)
Net income	$ 0.54	$ 0.37

AVERAGE SHARES OUTSTANDING:
Basic	277.4	290.9
Diluted	279.7	294.3


Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)


	Six Months Ended June 30,
			YOY
	2014	2013	% Change

Net sales	$ 2,753.2	$ 2,715.5	1.4%
Cost of products sold	1,675.5	1,659.2

GROSS MARGIN	1,077.7	1,056.3	2.0%
% of sales	39.1%	38.9%

Selling, general & administrative expenses	735.6	706.7	4.1%
% of sales	26.7%	26.0%

Restructuring costs	23.5	66.4

OPERATING INCOME	318.6	283.2	12.5%
% of sales	11.6%	10.4%

Nonoperating expenses:
Interest expense, net	29.4	29.6
Other expense, net	37.4	17.2
	66.8	46.8	42.7%

INCOME BEFORE INCOME TAXES	251.8	236.4	6.5%
% of sales	9.1%	8.7%

Income taxes	50.6	56.0	(9.6)%
Effective rate	20.1%	23.7%

NET INCOME FROM CONTINUING OPERATIONS	201.2	180.4	11.5%
% of sales	7.3%	6.6%

Income (loss) from discontinued operations, net of tax	2.3	(16.4)

NET INCOME	$ 203.5	$ 164.0	24.1%
	7.4%	6.0%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$ 0.72	$ 0.62
Income (loss) from discontinued operations	$ 0.01	$ (0.06)
Net income	$ 0.73	$ 0.56

Diluted
Income from continuing operations	$ 0.71	$ 0.61
Income (loss) from discontinued operations	$ 0.01	$ (0.06)
Net income	$ 0.72	$ 0.56

AVERAGE SHARES OUTSTANDING:
Basic	279.1	290.4
Diluted	281.7	293.7


Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Three Months Ended June 30, 2014
	GAAP Measure		Restructuring and	Inventory charge			Non-GAAP Measure
		Product	restructuring-related	from the devaluation of the	Discontinued	Non-recurring		Percentage
	Reported	recall costs (1)	costs (2)	Venezuelan Bolivar (3)	operations (4)	tax items (5)	Normalized*	of Sales

Cost of products sold	$ 912.6	$ --	$ (0.2)	$ (4.0)	$ --	$ --	$ 908.4	59.7%

Gross margin	$ 608.4	$ --	$ 0.2	$ 4.0	$ --	$ --	$ 612.6	40.3%

Selling, general & administrative expenses	$ 383.5	$ (0.4)	$ (10.3)	$ --	$ --	$ --	$ 372.8	24.5%

Operating income	$ 213.4	$ 0.4	$ 22.0	$ 4.0	$ --	$ --	$ 239.8	15.8%

Income before income taxes	$ 201.0	$ 0.4	$ 22.0	$ 4.0	$ --	$ --	$ 227.4

Income taxes (6)	$ 51.9	$ 0.2	$ 5.0	$ 1.4	$ --	$ 3.3	$ 61.8

Net income from continuing operations	$ 149.1	$ 0.2	$ 17.0	$ 2.6	$ --	$ (3.3)	$ 165.6

Net income	$ 150.6	$ 0.2	$ 17.0	$ 2.6	$ (1.5)	$ (3.3)	$ 165.6

Diluted earnings per share**	$ 0.54	$ 0.00	$ 0.06	$ 0.01	$ (0.01)	$ (0.01)	$ 0.59


	Three Months Ended June 30, 2013
	GAAP Measure	Restructuring and		Non-GAAP Measure
		restructuring-related	Discontinued		Percentage
	Reported	costs (2)	operations (4)	Normalized*	of Sales


Selling, general & administrative expenses	$ 365.3	$ (2.1)	$ --	$ 363.2	24.6%

Operating income	$ 185.4	$ 34.1	$ --	$ 219.5	14.9%

Income before income taxes	$ 166.2	$ 34.1	$ --	$ 200.3

Income taxes (6)	$ 49.6	$ 3.6	$ --	$ 53.2

Net income from continuing operations	$ 116.6	$ 30.5	$ --	$ 147.1

Net income	$ 109.8	$ 30.5	$ 6.8	$ 147.1

Diluted earnings per share**	$ 0.37	$ 0.10	$ 0.02	$ 0.50


* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.
**Totals may not add due to rounding.

(1) During the three months ended June 30, 2014, the Company recognized a $0.4 million charge associated with the Graco product recall.

(2) Restructuring and restructuring-related costs during the three months ended June 30, 2014 include $10.5 million of organizational change implementation and restructuring-related costs and $11.5 million of restructuring costs incurred in connection with Project Renewal. Restructuring and restructuring-related costs during the three months ended June 30, 2013 include $2.1 million of organizational change implementation and restructuring-related costs and $32.0 million of restructuring costs incurred in connection with Project Renewal.

(3) During the three months ended June 30, 2014, the Company recognized $4.0 million of cost of products sold associated with the first turn of inventory after the devaluation of the Venezuelan Bolivar that occurred during the three months ended March 31, 2014.

(4) During the three months ended June 30, 2014, the Company recognized net income of $1.5 million in discontinued operations. During the three months ended June 30, 2013, the Company recognized a net loss, including impairments, of $6.8 million in discontinued operations relating to the operations of the Hardware and Teach businesses.

(5) During the three months ended June 30, 2014, the Company recognized a non-recurring income tax benefit of $3.3 million resulting from the resolution of various income tax contingencies.

(6) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.


Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Six Months Ended June 30, 2014
	GAAP Measure		Restructuring and	Charge resulting	Inventory charge			Non-GAAP Measure
		Product	restructuring-related	from the devaluation of the	from the devaluation of the	Discontinued	Non-recurring		Percentage
	Reported	recall costs (1)	costs (2)	Venezuelan Bolivar (3)	Venezuelan Bolivar (4)	operations (5)	tax items (6)	Normalized*	of Sales

Cost of products sold	$ 1,675.5	$ (8.6)	$ (0.2)	$ --	$ (4.0)	$ --	$ --	$ 1,662.7	60.4%

Gross margin	$ 1,077.7	$ 8.6	$ 0.2	$ --	$ 4.0	$ --	$ --	$ 1,090.5	39.6%

Selling, general & administrative expenses	$ 735.6	$ (2.8)	$ (18.0)	$ --	$ --	$ --	$ --	$ 714.8	26.0%

Operating income	$ 318.6	$ 11.4	$ 41.7	$ --	$ 4.0	$ --	$ --	$ 375.7	13.6%

Nonoperating expenses	$ 66.8	$ --	$ --	$ (38.7)	$ --	$ --	$ --	$ 28.1

Income before income taxes	$ 251.8	$ 11.4	$ 41.7	$ 38.7	$ 4.0	$ --	$ --	$ 347.6

Income taxes (7)	$ 50.6	$ 4.2	$ 10.5	$ 13.9	$ 1.4	$ --	$ 3.3	$ 83.9

Net income from continuing operations	$ 201.2	$ 7.2	$ 31.2	$ 24.8	$ 2.6	$ --	$ (3.3)	$ 263.7

Net income	$ 203.5	$ 7.2	$ 31.2	$ 24.8	$ 2.6	$ (2.3)	$ (3.3)	$ 263.7

Diluted earnings per share**	$ 0.72	$ 0.03	$ 0.11	$ 0.09	$ 0.01	$ (0.01)	$ (0.01)	$ 0.94


	Six Months Ended June 30, 2013
	GAAP Measure	Restructuring and	Charge resulting			Non-GAAP Measure
		restructuring-related	from the devaluation of the	Discontinued	Non-recurring		Percentage
	Reported	costs (2)	Venezuelan Bolivar (3)	operations (5)	tax items (6)	Normalized*	of Sales


Selling, general & administrative expenses	$ 706.7	$ (8.7)	$ --	$ --	$ --	$ 698.0	25.7%

Operating income	$ 283.2	$ 75.1	$ --	$ --	$ --	$ 358.3	13.2%

Nonoperating expenses	$ 46.8	$ --	$ (11.1)	$ --	$ --	$ 35.7

Income before income taxes	$ 236.4	$ 75.1	$ 11.1	$ --	$ --	$ 322.6

Income taxes (7)	$ 56.0	$ 8.5	$ 4.1	$ --	$ 4.8	$ 73.4

Net income from continuing operations	$ 180.4	$ 66.6	$ 7.0	$ --	$ (4.8)	$ 249.2

Net income	$ 164.0	$ 66.6	$ 7.0	$ 16.4	$ (4.8)	$ 249.2

Diluted earnings per share**	$ 0.56	$ 0.23	$ 0.02	$ 0.06	$ (0.02)	$ 0.85


* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.
**Totals may not add due to rounding.

(1) During the six months ended June 30, 2014, the Company recognized an $11.4 million charge associated with the Graco product recall.

(2) Restructuring and restructuring-related costs during the six months ended June 30, 2014 include $18.2 million of organizational change implementation and restructuring-related costs and $23.5 million of restructuring costs incurred in connection with Project Renewal. Restructuring and restructuring-related costs during the six months ended June 30, 2013 include $8.7 million of organizational change implementation and restructuring-related costs and $66.4 million of restructuring costs incurred in connection with Project Renewal.

(3) During the six months ended June 30, 2014 and 2013, the Company recognized foreign exchange losses of $38.7 million and $11.1 million, respectively, resulting from the devaluation of the Venezuelan Bolivar, which under hyperinflationary accounting is recorded in the Statement of Operations.

(4) During the six months ended June 30, 2014, the Company recognized $4.0 million of cost of products sold associated with the first turn of inventory after the devaluation of the Venezuelan Bolivar that occurred during the three months ended March 31, 2014.

(5) During the six months ended June 30, 2014, the Company recognized net income of $2.3 million in discontinued operations. During the six months ended June 30, 2013, the Company recognized a net loss, including impairments, of $16.4 million in discontinued operations relating to the operations of the Hardware and Teach businesses.

(6) During the six months ended June 30, 2014 and 2013, the Company recognized non-recurring income tax benefits of $3.3 million and $4.8 million, respectively, resulting from the resolution of various income tax contingencies.

(7) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.


Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in millions)

	June 30,	June 30,
Assets:	2014	2013

Cash and cash equivalents	$ 142.7	$ 154.1
Accounts receivable, net	1,230.4	1,215.3
Inventories, net	811.8	884.7
Deferred income taxes	135.5	155.9
Prepaid expenses and other	138.2	190.2

Total Current Assets	2,458.6	2,600.2

Property, plant and equipment, net	543.0	533.4
Goodwill	2,358.3	2,346.4
Other intangible assets, net	596.7	638.0
Other assets	261.5	284.9

Total Assets	$ 6,218.1	$ 6,402.9

Liabilities and Stockholders' Equity:

Accounts payable	$ 592.9	$ 658.1
Accrued compensation	121.8	125.0
Other accrued liabilities	631.0	645.1
Short-term debt	389.4	412.4
Current portion of long-term debt	251.3	0.8

Total Current Liabilities	1,986.4	1,841.4

Long-term debt	1,424.2	1,669.0
Other noncurrent liabilities	703.9	852.0

Stockholders' Equity - Parent	2,100.1	2,037.0
Stockholders' Equity - Noncontrolling Interests	3.5	3.5

Total Stockholders' Equity	2,103.6	2,040.5

Total Liabilities and Stockholders' Equity	$ 6,218.1	$ 6,402.9


Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(in millions)

	Six Months Ended June 30,
	2014	2013
Operating Activities:
Net income	$ 203.5	$ 164.0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	75.7	79.6
Net (gain) loss from sale of discontinued operations, including impairments	(4.8)	22.7
Non-cash restructuring costs	3.7	2.2
Deferred income taxes	6.0	47.0
Stock-based compensation expense	14.5	19.7
Other, net	50.8	18.4
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable	(122.4)	(125.1)
Inventories	(123.2)	(201.7)
Accounts payable	33.2	135.0
Accrued liabilities and other	(132.9)	(221.6)
Net cash provided by (used in) operating activities	$ 4.1	$ (59.8)

Investing Activities:
Proceeds from sale of discontinued operations and noncurrent assets	$ 3.4	$ --
Capital expenditures	(67.0)	(57.0)
Other	(0.3)	(0.3)
Net cash used in investing activities	$ (63.9)	$ (57.3)

Financing Activities:
Net short-term borrowings	$ 215.4	$ 202.1
Repurchase and retirement of shares of common stock	(158.7)	(72.4)
Cash dividends	(89.8)	(88.1)
Excess tax benefits related to stock-based compensation	6.8	9.7
Other stock-based compensation activity, net	29.6	39.2
Net cash provided by financing activities	$ 3.3	$ 90.5

Currency rate effect on cash and cash equivalents	$ (27.1)	$ (3.1)

Decrease in cash and cash equivalents	$ (83.6)	$ (29.7)
Cash and cash equivalents at beginning of period	226.3	183.8
Cash and cash equivalents at end of period	$ 142.7	$ 154.1


Newell Rubbermaid Inc.
Financial Worksheet- Segment Reporting
(In Millions)

	2014					2013
		Reconciliation (1,2)					Reconciliation (1)				Year-over-year changes
		Reported	Excluded	Normalized	Operating		Reported	Excluded	Normalized	Operating	Net Sales		Normalized OI
	Net Sales	OI	Items	OI	Margin	Net Sales	OI	Items	OI	Margin	$	%	$	%
Q1:
Writing	$ 361.3	$ 77.1	$ --	$ 77.1	21.3%	$ 340.6	$ 63.2	$ --	$ 63.2	18.6%	$ 20.7	6.1%	$ 13.9	22.0%
Home Solutions	321.2	26.3	--	26.3	8.2%	338.9	34.1	--	34.1	10.1%	(17.7)	(5.2)%	(7.8)	(22.9)%
Tools	187.8	21.4	--	21.4	11.4%	188.6	18.7	--	18.7	9.9%	(0.8)	(0.4)%	2.7	14.4%
Commercial Products	182.6	13.8	--	13.8	7.6%	183.1	21.6	--	21.6	11.8%	(0.5)	(0.3)%	(7.8)	(36.1)%
Baby & Parenting	179.3	5.4	11.0	16.4	9.1%	189.6	23.9	--	23.9	12.6%	(10.3)	(5.4)%	(7.5)	(31.4)%
Restructuring Costs	--	(12.0)	12.0	--		--	(34.4)	34.4	--		--		--
Corporate	--	(26.8)	7.7	(19.1)		--	(29.3)	6.6	(22.7)		--		3.6	15.9%
Total	$ 1,232.2	$ 105.2	$ 30.7	$ 135.9	11.0%	$ 1,240.8	$ 97.8	$ 41.0	$ 138.8	11.2%	$ (8.6)	(0.7)%	$ (2.9)	(2.1)%


	2014					2013
		Reconciliation (1,2,3)					Reconciliation (1)				Year-over-year changes
		Reported	Excluded	Normalized	Operating		Reported	Excluded	Normalized	Operating	Net Sales		Normalized OI
	Net Sales	OI	Items	OI	Margin	Net Sales	OI	Items	OI	Margin	$	%	$	%
Q2:
Writing	$ 502.6	$ 129.6	$ 4.0	$ 133.6	26.6%	$ 477.8	$ 123.6	$ --	$ 123.6	25.9%	$ 24.8	5.2%	$ 10.0	8.1%
Home Solutions	388.9	48.3	--	48.3	12.4%	399.1	53.7	--	53.7	13.5%	(10.2)	(2.6)%	(5.4)	(10.1)%
Tools	222.3	29.9	--	29.9	13.5%	198.0	18.3	--	18.3	9.2%	24.3	12.3%	11.6	63.4%
Commercial Products	223.5	36.2	--	36.2	16.2%	203.6	21.9	--	21.9	10.8%	19.9	9.8%	14.3	65.3%
Baby & Parenting	183.7	12.2	0.4	12.6	6.9%	196.2	23.8	--	23.8	12.1%	(12.5)	(6.4)%	(11.2)	(47.1)%
Restructuring Costs	--	(11.5)	11.5	--		--	(32.0)	32.0	--		--		--
Corporate	--	(31.3)	10.5	(20.8)		--	(23.9)	2.1	(21.8)		--		1.0	4.6%
Total	$ 1,521.0	$ 213.4	$ 26.4	$ 239.8	15.8%	$ 1,474.7	$ 185.4	$ 34.1	$ 219.5	14.9%	$ 46.3	3.1%	$ 20.3	9.2%

	2014					2013
		Reconciliation (1,2,3)					Reconciliation (1)				Year-over-year changes
		Reported	Excluded	Normalized	Operating		Reported	Excluded	Normalized	Operating	Net Sales		Normalized OI
	Net Sales	OI	Items	OI	Margin	Net Sales	OI	Items	OI	Margin	$	%	$	%
YTD:
Writing	$ 863.9	$ 206.7	$ 4.0	$ 210.7	24.4%	$ 818.4	$ 186.8	$ --	$ 186.8	22.8%	$ 45.5	5.6%	$ 23.9	12.8%
Home Solutions	710.1	74.6	--	74.6	10.5%	738.0	87.8	--	87.8	11.9%	(27.9)	(3.8)%	(13.2)	(15.0)%
Tools	410.1	51.3	--	51.3	12.5%	386.6	37.0	--	37.0	9.6%	23.5	6.1%	14.3	38.6%
Commercial Products	406.1	50.0	--	50.0	12.3%	386.7	43.5	--	43.5	11.2%	19.4	5.0%	6.5	14.9%
Baby & Parenting	363.0	17.6	11.4	29.0	8.0%	385.8	47.7	--	47.7	12.4%	(22.8)	(5.9)%	(18.7)	(39.2)%
Restructuring Costs	--	(23.5)	23.5	--		--	(66.4)	66.4	--		--		--
Corporate	--	(58.1)	18.2	(39.9)		--	(53.2)	8.7	(44.5)		--		4.6	10.3%
Total	$ 2,753.2	$ 318.6	$ 57.1	$ 375.7	13.6%	$ 2,715.5	$ 283.2	$ 75.1	$ 358.3	13.2%	$ 37.7	1.4%	$ 17.4	4.9%

(1) Excluded items consist of organizational change implementation, restructuring-related, and restructuring costs. Organizational change implementation and restructuring-related costs of $18.2 million and restructuring costs of $23.5 million incurred during 2014 relate to Project Renewal. For 2013, organizational change implementation and restructuring-related costs of $8.7 million and restructuring costs of $66.4 million relate to Project Renewal.

(2) Baby & Parenting normalized operating income for 2014 excludes charges of $11.4 million relating to the Graco product recall.

(3) Writing normalized operating income for 2014 excludes charges of $4.0 million associated with the first turn of Venezuelan inventory after the devaluation of the Venezuelan Bolivar.


Newell Rubbermaid Inc.
Three Months Ended June 30, 2014
In Millions

Currency Analysis


By Segment

	Net Sales, As Reported			Core Sales (1)				Year-Over-Year Increase (Decrease)
			Increase			Increase	Currency	Excluding	Including	Currency
	2014	2013	(Decrease)	2014	2013	(Decrease)	Impact	Currency	Currency	Impact

Writing	$ 502.6	$ 477.8	$ 24.8	$ 522.1	$ 479.5	$ 42.6	$ (17.8)	8.9%	5.2%	(3.7)%
Home Solutions	388.9	399.1	(10.2)	391.6	398.8	(7.2)	(3.0)	(1.8)%	(2.6)%	(0.8)%
Tools	222.3	198.0	24.3	223.5	198.0	25.5	(1.2)	12.9%	12.3%	(0.6)%
Commercial Products	223.5	203.6	19.9	224.1	204.0	20.1	(0.2)	9.9%	9.8%	(0.1)%
Baby & Parenting	183.7	196.2	(12.5)	184.2	197.5	(13.3)	0.8	(6.7)%	(6.4)%	0.3%

Total Company	$ 1,521.0	$ 1,474.7	$ 46.3	$ 1,545.5	$ 1,477.8	$ 67.7	$ (21.4)	4.6%	3.1%	(1.5)%


By Geography

United States	$ 1,054.5	$ 1,016.1	$ 38.4	$ 1,054.5	$ 1,016.1	$ 38.4	$ --	3.8%	3.8%	0.0%
Canada	76.9	83.4	(6.5)	81.9	83.0	(1.1)	(5.4)	(1.3)%	(7.8)%	(6.5)%
Total North America	1,131.4	1,099.5	31.9	1,136.4	1,099.1	37.3	(5.4)	3.4%	2.9%	(0.5)%

Europe, Middle East and Africa	188.8	181.4	7.4	184.3	185.7	(1.4)	8.8	(0.8)%	4.1%	4.9%
Latin America	102.8	84.2	18.6	123.9	83.4	40.5	(21.9)	48.6%	22.1%	(26.5)%
Asia Pacific	98.0	109.6	(11.6)	100.9	109.6	(8.7)	(2.9)	(7.9)%	(10.6)%	(2.7)%
Total International	389.6	375.2	14.4	409.1	378.7	30.4	(16.0)	8.0%	3.8%	(4.2)%

Total Company	$ 1,521.0	$ 1,474.7	$ 46.3	$ 1,545.5	$ 1,477.8	$ 67.7	$ (21.4)	4.6%	3.1%	(1.5)%

Core Sales Excluding Brazil SAP
	2014 Core	2013 Core	Brazil SAP	2013 Core Sales		Core Sales Increase
	Sales (1)	Sales (1)	Conversion (2)	Excl. Brazil SAP (2)	Increase	Excl. Brazil SAP (2)

Tools	$ 223.5	$ 198.0	$ 5.0	$ 203.0	$ 20.5	10.1%


(1) "Core Sales" is determined by applying a fixed exchange rate, calculated as the 12-month average in 2013, to the current and prior year local currency sales amounts, with the difference between the change in "As Reported" sales and the change in "Core Sales" reported in the table as "Currency Impact".

(2) In contemplation of the Brazil SAP conversion in April 2013, the Company communicated with key customers about their interest in accelerating orders to mitigate the risk of potential business disruption. The Company estimated the impact of the timing shift related to the Brazil SAP conversion by tracking orders from customers that accelerated their normal order patterns as a result of the Company's communications.


Newell Rubbermaid Inc.
Six Months Ended June 30, 2014
In Millions

Currency Analysis


By Segment

	Net Sales, As Reported			Core Sales (1)				Year-Over-Year Increase (Decrease)
			Increase			Increase	Currency	Excluding	Including	Currency
	2014	2013	(Decrease)	2014	2013	(Decrease)	Impact	Currency	Currency	Impact

Writing	$ 863.9	$ 818.4	$ 45.5	$ 886.6	$ 817.1	$ 69.5	$ (24.0)	8.5%	5.6%	(2.9)%
Home Solutions	710.1	738.0	(27.9)	714.7	737.0	(22.3)	(5.6)	(3.0)%	(3.8)%	(0.8)%
Tools	410.1	386.6	23.5	413.7	383.8	29.9	(6.4)	7.8%	6.1%	(1.7)%
Commercial Products	406.1	386.7	19.4	407.2	386.8	20.4	(1.0)	5.3%	5.0%	(0.3)%
Baby & Parenting	363.0	385.8	(22.8)	364.1	385.7	(21.6)	(1.2)	(5.6)%	(5.9)%	(0.3)%

Total Company	$ 2,753.2	$ 2,715.5	$ 37.7	$ 2,786.3	$ 2,710.4	$ 75.9	$ (38.2)	2.8%	1.4%	(1.4)%


By Geography

United States	$ 1,885.7	$ 1,835.0	$ 50.7	$ 1,885.7	$ 1,835.0	$ 50.7	$ --	2.8%	2.8%	0.0%
Canada	129.9	145.2	(15.3)	138.4	143.7	(5.3)	(10.0)	(3.7)%	(10.5)%	(6.8)%
Total North America	2,015.6	1,980.2	35.4	2,024.1	1,978.7	45.4	(10.0)	2.3%	1.8%	(0.5)%

Europe, Middle East and Africa	353.0	348.5	4.5	343.8	353.7	(9.9)	14.4	(2.8)%	1.3%	4.1%
Latin America	194.8	177.4	17.4	221.7	172.3	49.4	(32.0)	28.7%	9.8%	(18.9)%
Asia Pacific	189.8	209.4	(19.6)	196.7	205.7	(9.0)	(10.6)	(4.4)%	(9.4)%	(5.0)%
Total International	737.6	735.3	2.3	762.2	731.7	30.5	(28.2)	4.2%	0.3%	(3.9)%

Total Company	$ 2,753.2	$ 2,715.5	$ 37.7	$ 2,786.3	$ 2,710.4	$ 75.9	$ (38.2)	2.8%	1.4%	(1.4)%


(1) "Core Sales" is determined by applying a fixed exchange rate, calculated as the 12-month average in 2013, to the current and prior year local currency sales amounts, with the difference between the change in "As Reported" sales and the change in "Core Sales" reported in the table as "Currency Impact".

Contact:
Nancy O'Donnell
Vice President, Investor Relations
(770) 418-7723
David Doolittle
Vice President, Global Communications
(770) 418-7519

[Dr_of_Microcaps] Newell Rubbermaid to Acquire Contigo(R) and Avex(R) Beverage Container BrandsFir...

Dr_of_Microcaps — 7/25/2014 12:22:29 AM

Newell Rubbermaid to Acquire Contigo(R) and Avex(R) Beverage Container BrandsFirst Significant Acquisition Since 2008

Newell RubbermaidJuly 21, 2014 9:29 AM

ATLANTA, July 21, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) has signed a definitive agreement to acquire Ignite Holdings, LLC ("Ignite") from North Castle Partners, a leading private equity firm focused on consumer businesses that promote healthy, active and sustainable living.

Ignite is a leading designer and marketer of durable beverage containers sold under the Contigo and Avex brands. Ignite is expected to deliver $125 million of net sales in 2014 and has a strong growth track record in the on-the-go thermal and hydration beverage containers market, achieving a historical four year sales CAGR of 35 percent. The purchase price is $308 million, subject to customary working capital adjustments. The acquisition is expected to be accretive to Newell Rubbermaid's growth rate, normalized operating income margin and normalized EPS in the first year. Newell Rubbermaid plans to reinvest a portion of Ignite's profitability to more aggressively build the Contigo and Avex brands.

Newell Rubbermaid President and CEO Michael Polk said, "Ignite has a great track record of growth, establishing a leading share position in two of the fastest growing consumer durable categories in North America. Their commitment to leverage great design to deliver differentiated products is evident in their results. The acquisition of Ignite marks the next step in the Growth Game Plan as we transform Newell Rubbermaid into a larger, faster growing, more global and more profitable company."

The acquired business will become part of the Home Solutions segment with Contigo and Avex joining the company's Rubbermaid(R), Calphalon(R), Goody(R) and Levolor(R) brands.

"Ignite's focus on design, product performance and constant innovation is a seamless fit with our Growth Game Plan strategy," said Mark Tarchetti, Chief Development Officer. "The Contigo brand has set the standard for the category and we are proud to make it part of our portfolio. This acquisition creates the opportunity to build a global beverage container business leveraging both the premium Contigo and mainstream Rubbermaid brands. We intend to invest behind the business to build on Ignite's current strong momentum, expanding product lines, channels of distribution and geographic footprint over time."

Sami El-Saden, CEO of Ignite, said "We are delighted to have found a long term strategic owner for the business who shares our pride in the achievements and strength of the company, but can bring a new level of investment and global perspective."

The acquisition is expected to be financed through a combination of organic cash flow and available borrowings and is expected to close by the end of the third quarter of 2014, subject to customary conditions and regulatory approvals. Robert W. Baird & Co. acted as financial advisor to Newell Rubbermaid on this transaction.

Additional information about the transaction is available under Events and Presentations in the Investor Relations section of Newell Rubbermaid's Web site at www.newellrubbermaid.com.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

About Ignite

Ignite, a company with a passion for great products, is a global leader and recognized innovator in two of the fastest growing segments of the housewares industry: reusable, environmentally friendly thermal mugs and hydration bottles. Through its Contigo(R) and Avex(R) brands, Ignite has successfully created a diverse portfolio of innovative products that appeal to an extremely loyal and expanding consumer base. Ignite has a strong global presence and currently sells its products in over 50 countries across club, mass, sporting goods, specialty, direct-to-consumer, and exclusive strategic partnerships. Ignite is headquartered in Chicago, Il. For more information, visit www.gocontigo.com

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Forward-Looking Statements

This news release contains forward-looking information based on management's current views and assumptions. Actual events may differ materially. Factors that may affect actual results include, but are not limited to: whether and when the required regulatory approvals will be obtained, whether and when the closing conditions will be satisfied and whether and when the transaction will close, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction, and how customers, competitors, suppliers and employees will react to the transaction. Please refer to the cautionary statements set forth in the "Forward-Looking Statements" section of the Company's most recently filed Quarterly Report on Form 10-Q as well as the risk factors set forth in Exhibit 99.1 thereto, for other factors that could affect our business.

Contact:
Nancy O'Donnell
Vice President, Investor Relations
+1 (770) 418-7723
David Doolittle
Vice President, Global Communications
+1 (770) 418-7519

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[Dr_of_Microcaps] Newell Rubbermaid Announces First Quarter Results [graphic] Newell Rubbermaid19...

Dr_of_Microcaps — 5/3/2014 1:56:15 AM

Newell Rubbermaid Announces First Quarter Results

Newell Rubbermaid19 hours ago

Reaffirms Full Year Guidance

Increases Quarterly Dividend 13 percent to $0.17 per share

ATLANTA, May 2, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) today announced its first quarter 2014 financial results.

"We delivered solid first quarter results in the context of two previously communicated events. Our team did a good job overcoming the adverse impacts of the harness buckle recall on select car seats in our U.S. Baby business and the weather-related slow down on our U.S.-centric Home Solutions business," said Michael Polk, Chief Executive Officer. "Strong core sales growth in Writing offset declines in Home Solutions and Baby, yielding normalized earnings per share of $0.35, flat with last year's results.

"We are confident in our full year financial guidance and expect the company's core sales and earnings per share growth to accelerate through the balance of the year as we significantly increase advertising and promotion investment levels in support of our brands and innovation. Importantly, the Board of Directors has approved a 13 percent increase in our quarterly dividend to $0.17, an annualized rate of $0.68 per share. This is the fourth dividend increase in the last three years, which is a reflection of the Board's continued confidence in Newell's strong cash generation ability and in the promise of our Growth Game Plan."

First Quarter Executive Summary

Net sales were $1.23 billion, a 0.7 percent decline versus prior year results.
Core sales, which exclude the impact of changes in foreign currency, grew 0.7 percent.
Normalized gross margin was 38.8 percent, a 60 basis point improvement compared with the prior year period. Reported gross margin was 38.1 percent versus 38.2 percent in the prior year period.
Normalized operating margin was 11.0 percent versus 11.2 percent in the prior year period. Reported operating margin increased 60 basis points to 8.5 percent.
Normalized diluted earnings per share were $0.35 compared with $0.35 in the prior year. Reported diluted earnings per share were $0.19 compared with $0.19 in the prior year.
The company's first quarter reported results include an $11.0 million charge ($0.02 per diluted share) which reflects the cost of harness buckle recall issues on select car seats in our Baby segment. This charge has been excluded from normalized operating income and normalized EPS.
Operating cash flow was a use of $92.1 million compared with a use of $123.1 million in the prior year period.
The company paid dividends of $42.9 million and repurchased 1.5 million shares of common stock at a cost of $44.4 million. In addition, the company took delivery of 2.0 million shares in mid-March to complete the Accelerated Share Repurchase program initiated in the fourth quarter of 2013.
The company announced a 13 percent ($0.02 per share) increase in its quarterly dividend to $0.17 per share.
The company recorded a monetary asset devaluation charge of $38.7 million, or $0.09 per diluted share, associated with adopting the SICAD I rate for its Venezuelan operations.
The company reaffirmed its guidance for 2014 core sales growth of 3 to 4 percent, operating margin improvement of up to 40 basis points, normalized EPS of $1.94 to $2.00 and operating cash flow of $600 to $650 million.First Quarter 2014 Operating Results

Net sales in the first quarter were $1.23 billion, compared with $1.24 billion in the prior year. Core sales, which exclude 140 basis points of negative foreign currency impact, grew 0.7 percent.

Reported gross margin was 38.1 percent. Normalized gross margin was 38.8 percent, a 60 basis point improvement versus prior year results. Normalized gross margin excludes the impact of costs associated with the harness buckle recall. Pricing and productivity more than offset inflation and the negative impact of transactional foreign currency.

First quarter reported operating margin was 8.5 percent compared with 7.9 percent in the prior year. Reported operating income was $105.2 million versus $97.8 million.

Normalized operating margin was 11.0 percent, compared with 11.2 percent in the prior year period. Normalized operating income was $135.9 million compared with $138.8 million in the prior year period. First quarter 2014 normalized operating income excludes restructuring and restructuring-related costs of $19.7 million and $11.0 million of costs associated with the harness buckle recall issue while 2013 normalized operating income excludes $41.0 million of restructuring and restructuring-related costs.

The company reported a net benefit for income taxes of $1.3 million due to discrete period benefits relating to resolution of certain tax items and the tax rate applicable to the $38.7 million charge associated with its Venezuelan operations. The reported tax expense for the prior year period was $6.4 million. The normalized tax rate was 18.4 percent compared with 16.5 percent in the prior year.

Reported net income was $52.9 million, compared with $54.2 million in the prior year. Reported diluted earnings per share were $0.19 compared with the prior year's $0.19 per diluted share. Lower restructuring costs and the positive impact from a lower share count were offset by a $38.7 million monetary asset devaluation charge resulting from the adoption of the SICAD I Venezuelan Bolivar exchange rate and the $11.0 million charge reflecting the costs associated with the harness buckle recall issue.

Normalized net income was $98.1 million, compared with $102.1 million in the prior year. Normalized diluted earnings per share of $0.35 were flat compared with the prior year as 60 basis points of normalized gross margin increase and a lower share count were offset by the loss of sales momentum on Baby due to the harness buckle recall and the sluggish performance of the U.S.-centric Home Solutions segment as a result of a weather-related slowdown in U.S. retailer point-of-sale results.

For the first quarter 2014, normalized diluted earnings per share exclude $0.05 per diluted share for restructuring and restructuring-related costs associated with Project Renewal, $0.02 per diluted share associated with the harness buckle recall in Baby & Parenting and $0.09 per diluted share resulting from the use of the SICAD I exchange rate for the company's Venezuelan operations. For the first quarter 2013, normalized diluted earnings per share exclude $0.12 per diluted share for restructuring and restructuring-related costs associated with Project Renewal, $0.02 per diluted share resulting from the devaluation of the Venezuelan Bolivar, $0.02 per diluted share attributable to the resolution of tax contingencies, and a net loss (including impairments) from discontinued operations of $0.03 per diluted share. (A reconciliation to "normalized" results is included below.)

Operating cash flow was a use of $92.1 million compared with a use of $123.1 million last year, primarily due to the absence of a U.S. pension plan contribution.

Recall of Harness Buckles on Select Car Seats

In February 2014, Graco announced a voluntary recall in the U.S. of harness buckles used on approximately 4 million toddler car seats manufactured between 2006 and 2013. There have been no reported injuries associated with the recalled harness buckles. These toddler car seat buckles were susceptible to contamination from food, debris or spilled liquids, which can result in difficulty or inability to open the buckles. As a result of the recall, affected car seats which were at retail or in customer warehouses have been reworked in the field or returned to the company for rework. Graco continues to offer consumers replacement harness buckles at no cost.

Graco is in ongoing discussions with the National Highway Traffic Safety Administration (NHTSA) regarding a potential recall of harness buckles used on select infant car seats. The company remains hopeful that its dialogue with NHTSA and shared commitment to child passenger safety will result in a constructive resolution and the best outcome for consumers. The company expects the infant harness buckle discussions will be resolved in the second quarter.

The Company's first quarter reported results include an $11.0 million charge (or $0.02 per diluted share) which includes the cost of the first quarter recall of harness buckles on select toddler car seats as well as the company's current estimate of costs associated with the infant car seat harness buckle issue. This charge has been excluded from normalized operating income and normalized EPS. Normalized operating income and normalized EPS do not exclude the impact on net sales of returns from retailers or the lost sales associated with approximately five weeks of lost shipments on the affected toddler car seats.

A reconciliation of the first quarter 2014 and 2013 results is as follows:

	Q1 2014*	Q1 2013*

Diluted earnings per share (as reported)	$0.19	$0.19

Restructuring and restructuring-related costs	0.05	0.12

Costs associated with harness buckle recall	0.02	--

Currency devaluation -- Venezuela	0.09	0.02

Resolution of income tax contingencies	--	(0.02)

Discontinued operations	--	0.03

Normalized EPS	$0.35	$0.35

*Totals may not add due to rounding

First Quarter 2014 Operating Segment Results

Writing net sales for the first quarter were $361.3 million, a 6.1 percent improvement compared to prior year. Core sales increased 8.0 percent, driven by pricing and market share growth in the Americas, partially offset by product line exits in Europe. Operating income was $77.1 million, or 21.3 percent of sales, compared with $63.2 million, or 18.6 percent of sales, in the prior year. The increase in operating margin was largely driven by positive mix, productivity, and pricing in Latin America.

Home Solutions net sales were $321.2 million, a 5.2 percent decline compared to prior year. Core sales declined 4.5 percent, as weather-related point-of-sale softness and the negative effect on volume of less merchandising on certain Rubbermaid Consumer low margin product lines were partially offset by increased distribution on Calphalon(R). Normalized operating income was $26.3 million, or 8.2 percent of sales, compared with $34.1 million, or 10.1 percent of sales, in the prior year. The decrease in operating margin was driven by input cost inflation and the deleveraging effect on margins of lower sales volumes, partially offset by productivity and pricing.

Tools segment net sales were $187.8 million, a 0.4 percent decline compared to prior year. Core sales increased 2.4 percent driven by strong volume and share growth on Lenox in North America and Irwin in Europe. Adjusting for the prior year pull forward of volume into the first quarter of 2013 related to the second quarter 2013 SAP conversion in Brazil, Tools global core sales increased 5.2 percent. Operating income was $21.4 million, or 11.4 percent of sales, compared with $18.7 million, or 9.9 percent of sales, in the prior year. The increase in operating margin was driven by pricing and favorable mix partially offset by inflation.

Commercial Products net sales were $182.6 million, a 0.3 percent decrease compared to prior year. Core sales increased 0.2 percent as solid growth on Rubbermaid Commercial Products was largely offset by weakness in the U.S. Healthcare business against a very strong year ago comparison period. Operating income was $13.8 million, or 7.6 percent of sales, compared with $21.6 million, or 11.8 percent of sales, in the prior year period. The decrease in operating margin reflects inflation and increased investment in selling capabilities in North America and Latin America.

Baby & Parenting net sales were $179.3 million, a decline of 5.4 percent compared to prior year. Core sales declined 4.4 percent, primarily attributable to the U.S. recall of harness buckles on select toddler car seats and the exit of certain product lines in Europe. Normalized operating income was $16.4 million, or 9.1 percent of sales, compared with $23.9 million, or 12.6 percent of sales, in the prior year. The decrease in operating margin was largely due to inflation and the absence of fixed cost leverage associated with lower sales volume.

2014 Full Year Outlook

Newell Rubbermaid reaffirmed its full year 2014 guidance as follows:

Core sales growth of 3 to 4 percent;
Normalized operating margin improvement of up to 40 basis points;
Normalized EPS of $1.94 to $2.00; and
Operating cash flow between $600 and $650 million.The company now expects foreign exchange to have a negative impact on 2014 net sales of about 200 basis points and to have a negative impact on both normalized and reported EPS of $0.04 to $0.05 per diluted share for the balance of 2014. Subsequent to the first quarter, the company will begin using the exchange rate determined by periodic auctions for U.S. dollars conducted under Venezuela's SICAD I exchange mechanism (approximately 10.5 to 11.0 Bolivars per U.S. dollar).

2014 normalized EPS guidance excludes between $100 and $120 million of Project Renewal restructuring and restructuring-related charges. (A reconciliation of expected reported results to "normalized" results is included below.)

The company is on track to realize cumulative annualized cost savings of $270 to $325 million by the second quarter of 2015 related to Project Renewal. The majority of these savings will be reinvested in the business to strengthen brand building and selling capabilities and accelerate growth.

Operating cash flow guidance assumes $100 to $120 million in restructuring and restructuring-related cash payments. Capital expenditures are projected at $150 to $175 million.

A reconciliation of the 2014 earnings outlook is as follows:

	FY 2014

Diluted earnings per share	$1.50 to $1.56

Restructuring and restructuring-related costs	$0.29 to $0.37

Costs associated with harness buckle recall	$0.02

Currency devaluation - Venezuela	$0.09


Normalized EPS	$1.94 to $2.00

Conference Call

The company's first quarter 2014 earnings conference call will be held today, May 2, 2014, at 8:00 a.m. ET. A link to the webcast is provided under Events & Presentations in the Investor Relations section of Newell Rubbermaid's Web site at www.newellrubbermaid.com. The webcast will be available for replay. A supporting slide presentation will be made available in the Investor Relations section on the company's Web site under Quarterly Earnings.

Non-GAAP Financial Measures

This release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission and includes a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

The company uses certain financial measures that are included in this press release and the additional financial information both in explaining its results to stockholders and the investment community and in its internal evaluation and management of its businesses. The company's management believes that these measures - including those that are "non-GAAP financial measures" - and the information they provide are useful to investors since these measures (a) permit investors to view the company's performance using the same tools that management uses to evaluate the company's past performance, reportable business segments and prospects for future performance and (b) determine certain elements of management's incentive compensation.

The company's management believes that core sales, as reflected in the Currency Analysis, is useful to investors because it demonstrates the effect of foreign currency on reported sales. The effect of foreign currency on reported sales is determined by applying a fixed exchange rate, calculated as the 12-month average in 2013, to the current and prior year local currency sales amounts, with the difference in these two amounts being the change in core sales and the difference between the change in as reported sales and the change in core sales reported as the currency impact. The company believes that providing adjusted core sales excluding the impacts of product line exits and timing shifts related to implementations of SAP is useful in that it helps investors understand underlying business trends. The company's management believes that "normalized" gross margin, "normalized" SG&A expense, "normalized" operating income and "normalized" tax rates, which exclude restructuring and restructuring-related expenses and one-time events such as costs related to product recalls, the extinguishment of debt, certain tax benefits and charges, impairment charges, discontinued operations and certain other items, are useful because they provide investors with a meaningful perspective on the current underlying performance of the company's core ongoing operations. The company's management believes that "normalized" earnings per share, which also excludes restructuring and restructuring-related charges and one-time events such as losses related to product recalls, monetary asset devaluations resulting from the adoption of the SICAD I Venezuelan Bolivar exchange rate, the extinguishments of debt, tax benefits and charges, impairment charges, discontinued operations and certain other items, is useful to investors because it permits investors to better understand year-over-year changes in underlying operating performance. The company also uses both core sales and normalized earnings per share as two of the three performance criteria in its management cash bonus plan.

The company determines the tax effect of the items excluded from normalized diluted earnings per share by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.

While the company believes that these non-GAAP financial measures are useful in evaluating the company's performance, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

Statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income, operating margin or gross margin improvements or declines, Project Renewal, capital and other expenditures, cash flow, dividends, restructuring and restructuring-related costs, costs and cost savings, inflation or deflation, particularly with respect to commodities such as oil and resin, debt ratings, changes in exchange rates, product recalls and management's plans, projections and objectives for future operations and performance. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believe," "estimate" and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail, commercial and industrial sectors of the economy in light of the continuation or escalation of the global economic slowdown or regional sovereign debt issues; currency fluctuations; competition with other manufacturers and distributors of consumer products; major retailers' strong bargaining power; changes in the prices of raw materials and sourced products and our ability to obtain raw materials and sourced products in a timely manner from suppliers; our ability to develop innovative new products and to develop, maintain and strengthen our end-user brands; product liability, product recalls or regulatory actions (including the ultimate resolution of the potential recall of harness buckles on certain infant car seats); our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; a failure of one of our key information technology systems or related controls; the potential inability to attract, retain and motivate key employees; future events that could adversely affect the value of our assets and require impairment charges; our ability to improve productivity and streamline operations; changes to our credit ratings; significant increases in the funding obligations related to our pension plans due to declining asset values, declining interest rates or otherwise; the imposition of tax liabilities greater than our provisions for such matters; the risks inherent in our foreign operations; and those factors listed in the company's most recently filed Annual Report on Form 10-K filed with the Securities and Exchange Commission. Changes in such assumptions or factors could produce significantly different results. The information contained in this news release is as of the date indicated. The company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.

Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)



	Three Months Ended March 31,
			YOY
	2014	2013	% Change

Net sales	$ 1,232.2	$ 1,240.8	(0.7)%
Cost of products sold	762.9	767.2

GROSS MARGIN	469.3	473.6	(0.9)%
% of sales	38.1%	38.2%

Selling, general & administrative expenses	352.1	341.4	3.1%
% of sales	28.6%	27.5%

Restructuring costs	12.0	34.4

OPERATING INCOME	105.2	97.8	7.6%
% of sales	8.5%	7.9%

Nonoperating expenses:
Interest expense, net	14.4	14.6
Other expense, net	40.0	13.0
	54.4	27.6	97.1%

INCOME BEFORE INCOME TAXES	50.8	70.2	(27.6)%
% of sales	4.1%	5.7%

Income taxes	(1.3)	6.4	NMF
Effective rate	NMF	9.1%

NET INCOME FROM CONTINUING OPERATIONS	52.1	63.8	(18.3)%
% of sales	4.2%	5.1%

Income (loss) from discontinued operations, net of tax	0.8	(9.6)

NET INCOME	$ 52.9	$ 54.2	(2.4)%
	4.3%	4.4%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$ 0.19	$ 0.22
Income (loss) from discontinued operations	$ --	$ (0.03)
Net income	$ 0.19	$ 0.19

Diluted
Income from continuing operations	$ 0.18	$ 0.22
Income (loss) from discontinued operations	$ --	$ (0.03)
Net income	$ 0.19	$ 0.19

AVERAGE SHARES OUTSTANDING:
Basic	280.9	290.0
Diluted	283.8	293.1

NMF - Not meaningful


Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Three Months Ended March 31, 2014
	GAAP Measure		Restructuring and	Charge resulting from		Non-GAAP Measure
		Product	restructuring-related	the devaluation of the	Discontinued		Percentage
	Reported	recall costs (1)	costs (2)	Venezuelan Bolivar (3)	operations (4)	Normalized*	of Sales

Cost of products sold	$ 762.9	$ (8.6)	$ --	$ --	$ --	$ 754.3	61.2%

Gross margin	$ 469.3	$ 8.6	$ --	$ --	$ --	$ 477.9	38.8%

Selling, general & administrative expenses	$ 352.1	$ (2.4)	$ (7.7)	$ --	$ --	$ 342.0	27.8%

Operating income	$ 105.2	$ 11.0	$ 19.7	$ --	$ --	$ 135.9	11.0%

Nonoperating expenses	$ 54.4	$ --	$ --	$ (38.7)	$ --	$ 15.7

Income before income taxes	$ 50.8	$ 11.0	$ 19.7	$ 38.7	$ --	$ 120.2

Income taxes (5)	$ (1.3)	$ 4.0	$ 5.5	$ 13.9	$ --	$ 22.1

Net income from continuing operations	$ 52.1	$ 7.0	$ 14.2	$ 24.8	$ --	$ 98.1

Net income	$ 52.9	$ 7.0	$ 14.2	$ 24.8	$ (0.8)	$ 98.1

Diluted earnings per share**	$ 0.19	$ 0.02	$ 0.05	$ 0.09	$ (0.00)	$ 0.35


	Three Months Ended March 31, 2013
	GAAP Measure	Restructuring and	Charge resulting from			Non-GAAP Measure
		restructuring-related	the devaluation of the	Discontinued	Non-recurring		Percentage
	Reported	costs (2)	Venezuelan Bolivar (3)	operations (4)	tax items (6)	Normalized*	of Sales


Selling, general & administrative expenses	$ 341.4	$ (6.6)	$ --	$ --	$ --	$ 334.8	27.0%

Operating income	$ 97.8	$ 41.0	$ --	$ --	$ --	$ 138.8	11.2%

Nonoperating expenses	$ 27.6	$ --	$ (11.1)	$ --	$ --	$ 16.5

Income before income taxes	$ 70.2	$ 41.0	$ 11.1	$ --	$ --	$ 122.3

Income taxes (5)	$ 6.4	$ 4.9	$ 4.1	$ --	$ 4.8	$ 20.2

Net income from continuing operations	$ 63.8	$ 36.1	$ 7.0	$ --	$ (4.8)	$ 102.1

Net income	$ 54.2	$ 36.1	$ 7.0	$ 9.6	$ (4.8)	$ 102.1

Diluted earnings per share**	$ 0.19	$ 0.12	$ 0.02	$ 0.03	$ (0.02)	$ 0.35


* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.
**Totals may not add due to rounding.

(1) During the three months ended March 31, 2014, the Company recognized an $11.0 million charge associated with the Graco product recall.

(2) Restructuring and restructuring-related costs during the three months ended March 31, 2014 include $7.7 million of organizational change implementation and restructuring-related costs and $12.0 million of restructuring costs incurred in connection with Project Renewal. Restructuring and restructuring-related costs during the three months ended March 31, 2013 include $6.6 million of organizational change implementation and restructuring-related costs and $34.4 million of restructuring costs incurred in connection with Project Renewal.

(3) During the three months ended March 31, 2014 and 2013, the Company recognized foreign exchange losses of $38.7 million and $11.1 million, respectively, resulting from the devaluation of the Venezuelan Bolivar, which under hyperinflationary accounting is recorded in the Statement of Operations.

(4) During the three months ended March 31, 2014, the Company recognized net income of $0.8 million in discontinued operations. During the three months ended March 31, 2013, the Company recognized a net loss, including impairments, of $9.6 million in discontinued operations relating to the operations of the Hardware and Teach businesses.

(5) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.

(6) During the three months ended March 31, 2013, the Company recognized a non-recurring income tax benefit of $4.8 million resulting from the resolution of various income tax contingencies.


Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in millions)

	March 31,	March 31,
Assets:	2014	2013

Cash and cash equivalents	$ 136.8	$ 174.2
Accounts receivable, net	973.1	1,021.3
Inventories, net	801.3	815.0
Deferred income taxes	121.3	155.4
Prepaid expenses and other	198.8	190.7

Total Current Assets	2,231.3	2,356.6

Property, plant and equipment, net	541.3	549.5
Goodwill	2,362.0	2,340.4
Other intangible assets, net	606.5	642.6
Other assets	252.8	308.1

Total Assets	$ 5,993.9	$ 6,197.2

Liabilities and Stockholders' Equity:

Accounts payable	$ 542.8	$ 570.1
Accrued compensation	99.6	103.0
Other accrued liabilities	590.9	588.5
Short-term debt	318.7	411.8
Current portion of long-term debt	0.8	1.2

Total Current Liabilities	1,552.8	1,674.6

Long-term debt	1,666.7	1,699.6
Other noncurrent liabilities	700.9	834.4

Stockholders' Equity - Parent	2,070.0	1,985.1
Stockholders' Equity - Noncontrolling Interests	3.5	3.5

Total Stockholders' Equity	2,073.5	1,988.6

Total Liabilities and Stockholders' Equity	$ 5,993.9	$ 6,197.2


Newell Rubbermaid Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(in millions)

	Three Months Ended March 31,
	2014	2013
Operating Activities:
Net income	$ 52.9	$ 54.2
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	38.1	39.8
Net (gain) loss from sale of discontinued operations, including impairments	(2.2)	12.4
Non-cash restructuring costs	1.0	--
Deferred income taxes	14.6	38.9
Stock-based compensation expense	7.0	9.4
Other, net	45.0	8.9
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable	130.5	80.3
Inventories	(115.8)	(123.4)
Accounts payable	(16.1)	45.1
Accrued liabilities and other	(247.1)	(288.7)
Net cash used in operating activities	$ (92.1)	$ (123.1)

Investing Activities:
Capital expenditures	(31.9)	(33.6)
Other	(0.3)	(0.3)
Net cash used in investing activities	$ (32.2)	$ (33.9)

Financing Activities:
Net short-term borrowings	$ 144.9	$ 200.7
Repurchase and retirement of shares of common stock	(44.4)	(33.8)
Cash dividends	(42.9)	(44.5)
Excess tax benefits related to stock-based compensation	5.6	9.1
Other stock-based compensation activity, net	10.7	16.6
Net cash provided by financing activities	$ 73.9	$ 148.1

Currency rate effect on cash and cash equivalents	$ (39.1)	$ (0.7)

Decrease in cash and cash equivalents	$ (89.5)	$ (9.6)
Cash and cash equivalents at beginning of period	226.3	183.8
Cash and cash equivalents at end of period	$ 136.8	$ 174.2


Newell Rubbermaid Inc.
Financial Worksheet- Segment Reporting
(In Millions)

	2014					2013
		Reconciliation (1,2)					Reconciliation (1)				Year-over-year changes
		Reported	Excluded	Normalized	Operating		Reported	Excluded	Normalized	Operating	Net Sales		Normalized OI
	Net Sales	OI	Items	OI	Margin	Net Sales	OI	Items	OI	Margin	$	%	$	%
Q1:
Writing	$ 361.3	$ 77.1	$ --	$ 77.1	21.3%	$ 340.6	$ 63.2	$ --	$ 63.2	18.6%	$ 20.7	6.1%	$ 13.9	22.0%
Home Solutions	321.2	26.3	--	26.3	8.2%	338.9	34.1	--	34.1	10.1%	(17.7)	(5.2)%	(7.8)	(22.9)%
Tools	187.8	21.4	--	21.4	11.4%	188.6	18.7	--	18.7	9.9%	(0.8)	(0.4)%	2.7	14.4%
Commercial Products	182.6	13.8	--	13.8	7.6%	183.1	21.6	--	21.6	11.8%	(0.5)	(0.3)%	(7.8)	(36.1)%
Baby & Parenting	179.3	5.4	11.0	16.4	9.1%	189.6	23.9	--	23.9	12.6%	(10.3)	(5.4)%	(7.5)	(31.4)%
Restructuring Costs	--	(12.0)	12.0	--		--	(34.4)	34.4	--		--		--
Corporate	--	(26.8)	7.7	(19.1)		--	(29.3)	6.6	(22.7)		--		3.6	15.9%
Total	$ 1,232.2	$ 105.2	$ 30.7	$ 135.9	11.0%	$ 1,240.8	$ 97.8	$ 41.0	$ 138.8	11.2%	$ (8.6)	(0.7)%	$ (2.9)	(2.1)%


(1) Excluded items consist of organizational change implementation, restructuring-related, and restructuring costs. Organizational change implementation and restructuring-related costs of $7.7 million and restructuring costs of $12.0 million incurred during 2014 relate to Project Renewal. For 2013, organizational change implementation and restructuring-related costs of $6.6 million and restructuring costs of $34.4 million relate to Project Renewal.

(2) Baby & Parenting normalized operating income for the three months ended March 31, 2014 excludes charges of $11.0 million relating to the Graco product recall.


Newell Rubbermaid Inc.
Three Months Ended March 31, 2014
In Millions

Currency Analysis


By Segment

	Net Sales,			Core				Year-Over-Year
	As Reported			Sales (1)				Increase (Decrease)
			Increase			Increase	Currency	Excluding	Including	Currency
	2014	2013	(Decrease)	2014	2013	(Decrease)	Impact	Currency	Currency	Impact

Writing	$ 361.3	$ 340.6	$ 20.7	$ 364.5	$ 337.6	$ 26.9	$ (6.2)	8.0%	6.1%	(1.9)%
Home Solutions	321.2	338.9	(17.7)	323.1	338.2	(15.1)	(2.6)	(4.5)%	(5.2)%	(0.7)%
Tools	187.8	188.6	(0.8)	190.2	185.8	4.4	(5.2)	2.4%	(0.4)%	(2.8)%
Commercial Products	182.6	183.1	(0.5)	183.1	182.8	0.3	(0.8)	0.2%	(0.3)%	(0.5)%
Baby & Parenting	179.3	189.6	(10.3)	179.9	188.2	(8.3)	(2.0)	(4.4)%	(5.4)%	(1.0)%

Total Company	$ 1,232.2	$ 1,240.8	$ (8.6)	$ 1,240.8	$ 1,232.6	$ 8.2	$ (16.8)	0.7%	(0.7)%	(1.4)%


By Geography

United States	$ 831.2	$ 818.9	$ 12.3	$ 831.2	$ 818.9	$ 12.3	$ --	1.5%	1.5%	0.0%
Canada	53.0	61.8	(8.8)	56.5	60.7	(4.2)	(4.6)	(6.9)%	(14.2)%	(7.3)%
Total North America	884.2	880.7	3.5	887.7	879.6	8.1	(4.6)	0.9%	0.4%	(0.5)%

Europe, Middle East and Africa	164.2	167.1	(2.9)	159.5	168.0	(8.5)	5.6	(5.1)%	(1.7)%	3.4%
Latin America	92.0	93.2	(1.2)	97.8	88.9	8.9	(10.1)	10.0%	(1.3)%	(11.3)%
Asia Pacific	91.8	99.8	(8.0)	95.8	96.1	(0.3)	(7.7)	(0.3)%	(8.0)%	(7.7)%
Total International	348.0	360.1	(12.1)	353.1	353.0	0.1	(12.2)	0.0%	(3.4)%	(3.4)%

Total Company	$ 1,232.2	$ 1,240.8	$ (8.6)	$ 1,240.8	$ 1,232.6	$ 8.2	$ (16.8)	0.7%	(0.7)%	(1.4)%


Core Sales, Excluding Brazil SAP
	2014	2013	Brazil	2013 Excl		Core Sales Excl
	Core Sales (1)	Core Sales (1)	SAP Conversion (2)	Brazil SAP	Increase	Brazil SAP
Tools	$ 190.2	$ 185.8	$ (5.0)	$ 180.8	$ 9.4	5.2%
LATAM	$ 97.8	$ 88.9	$ (5.0)	$ 83.9	$ 13.9	16.6%


Core Sales, Excluding EMEA Product Line Exits
	2014	Product	2014 Excl	2013		Core Sales Excl
	Core Sales (1)	Line Exits (3)	Product Line Exits	Core Sales (1)	Decrease	Product Line Exits
EMEA	$ 159.5	$ 6.3	$ 165.8	$ 168.0	$ (2.2)	(1.3)%

(1) "Core Sales" is determined by applying a fixed exchange rate, calculated as the 12-month average in 2013, to the current and prior year local currency sales amounts, with the difference between the change in "As Reported" sales and the change in "Core Sales" reported in the table as "Currency Impact".

(2) In contemplation of the Brazil SAP conversion in April 2013, the Company communicated with key customers about their interest in accelerating orders to mitigate the risk of potential business disruption. The Company estimated the impact of the timing shift related to the Brazil SAP conversion by tracking orders from customers that accelerated their normal order patterns as a result of the Company's communications.

(3) As part of Project Renewal, the Company exited certain product lines in EMEA that negatively impacted first quarter 2014 sales by an estimated $6.3 million.

Contact:
Nancy O'Donnell
Vice President, Investor Relations
(770) 418-7723
David Doolittle
Vice President, Global Communications
(770) 418-7519

[Dr_of_Microcaps] Newell Rubbermaid to Webcast First Quarter 2014 Earnings Results [graphic] Newe...

Dr_of_Microcaps — 4/19/2014 9:59:14 AM

Newell Rubbermaid to Webcast First Quarter 2014 Earnings Results

Newell RubbermaidApril 16, 2014 8:00 AM

ATLANTA, April 16, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) today announced its first quarter 2014 earnings results will be released Friday, May 2, prior to market open and will be followed by a live webcast at 8:00 a.m. ET. To listen to the webcast, please visit Events & Presentations in the Investor Relations section of Newell Rubbermaid's Web site at www.newellrubbermaid.com. The live webcast will be recorded and made available for replay.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of approximately $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Contact:
Nancy O'Donnell
Vice President, Investor Relations
+1 (770) 418-7723
David Doolittle
Vice President, Global Communications
+1 (770) 418-7519

[Dr_of_Microcaps] Newell Rubbermaid Announces Expansion and Extension of Stock Repurchase Program ...

Dr_of_Microcaps — 2/13/2014 9:33:16 PM

Newell Rubbermaid Announces Expansion and Extension of Stock Repurchase Program

Newell Rubbermaid13 hours ago

ATLANTA, Feb. 13, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) announced today that its Board of Directors has approved an extension and expansion to the Company's on-going share repurchase program. Under the updated plan, effective immediately, Newell Rubbermaid is authorized to repurchase up to $300 million of its outstanding shares through the end of 2016. Included in the $300 million is approximately $43 million remaining to be repurchased under its previous $300 million share repurchase program, which was authorized in August 2011 and scheduled to expire in August 2014.

"Today's action reflects the Board's continued confidence in the company's Growth Game Plan and long term growth outlook," said Michael Polk, president and chief executive officer. "Our strong balance sheet and cash flow provide us with the flexibility to opportunistically repurchase shares while continuing to invest in our brands and other growth opportunities to drive value for our shareholders."

Under the program, the company's common shares may be purchased through a combination of a 10b5-1 automatic trading plan and discretionary purchases on the open market or in privately negotiated transactions. The amount and timing of any purchases will depend on a number of factors, including trading price, trading volume and general market conditions.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

Statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income, operating margin or gross margin improvements or declines, Project Renewal, capital and other expenditures, cash flow, dividends, restructuring and restructuring-related costs, costs and cost savings, inflation or deflation, particularly with respect to commodities such as oil and resin, debt ratings, and management's plans, projections and objectives for future operations and performance. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believe," "estimate" and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail, commercial and industrial sectors of the economy in light of the continuation or escalation of the global economic slowdown or regional sovereign debt issues; currency fluctuations; competition with other manufacturers and distributors of consumer products; major retailers' strong bargaining power; changes in the prices of raw materials and sourced products and our ability to obtain raw materials and sourced products in a timely manner from suppliers; our ability to develop innovative new products and to develop, maintain and strengthen our end-user brands; product liability or regulatory actions; our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; a failure of one of our key information technology systems or related controls; the potential inability to attract, retain and motivate key employees; future events that could adversely affect the value of our assets and require impairment charges; our ability to improve productivity and streamline operations; changes to our credit ratings; significant increases in the funding obligations related to our pension plans due to declining asset values, declining interest rates or otherwise; the imposition of tax liabilities greater than our provisions for such matters; the risks inherent in our foreign operations; our ability to consummate the transactions contemplated by the Accelerated Share Repurchase Plan; and those factors listed in the company's most recently filed Quarterly Report on Form 10-Q and Exhibit 99.1 thereto, filed with the Securities and Exchange Commission. Changes in such assumptions or factors could produce significantly different results. The information contained in this news release is as of the date indicated. The company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.

Contact:
Nancy O'Donnell
Vice President, Investor Relations
(770) 418-7723
David Doolittle
Vice President, Global Communications
(770) 418-7519

[Dr_of_Microcaps] Newell Rubbermaid to Webcast Fourth Quarter 2013 Earnings Results [graphic] New...

Dr_of_Microcaps — 1/21/2014 9:00:24 PM

Newell Rubbermaid to Webcast Fourth Quarter 2013 Earnings Results

Newell Rubbermaid12 hours ago

ATLANTA, Jan. 21, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL) today announced its fourth quarter 2013 earnings results will be released Friday, January 31, prior to market open and will be followed by a live webcast at 9:00 a.m. ET. To listen to the webcast, please visit Events & Presentations in the Investor Relations section of Newell Rubbermaid's Web site at www.newellrubbermaid.com. The live webcast will be recorded and made available for replay.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2012 sales of approximately $5.6 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

Contact:
Nancy O'Donnell
Vice President, Investor Relations
+1 (770) 418-7723
David Doolittle
Vice President, Global Communications
+1 (770) 418-7519

[Dr_of_Microcaps] Newell Rubbermaid To Webcast Third Quarter 2013 Earnings Results [graphic]Press ...

Dr_of_Microcaps — 10/10/2013 9:36:09 AM

Newell Rubbermaid To Webcast Third Quarter 2013 Earnings Results Press Release: Newell Rubbermaid – 1 hour 44 minutes ago

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SymbolPriceChange

NWL	26.69

ATLANTA--(BUSINESS WIRE)--

Newell Rubbermaid ( NWL) today announced its third quarter 2013 earnings results will be released Friday, October 25, prior to market open, followed by a live webcast at 10:00 a.m. ET. To listen to the webcast, please visit Events & Presentations in the Investor Relations section of Newell Rubbermaid’s Web site at www.newellrubbermaid.com. The live webcast will be recorded and made available for replay.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2012 sales of approximately $5.6 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica® and Dymo®. As part of the company’s Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.

Contact:
Newell Rubbermaid
Nancy O’Donnell, 770-418-7723
Vice President, Investor Relations
or
David Doolittle, 770-418-7519
Vice President, Global Communications

[Dr_of_Microcaps] Newell Rubbermaid Appoints Lead Creative and Media Agencies to Drive More Impact...

Dr_of_Microcaps — 10/3/2013 10:28:18 AM

Newell Rubbermaid Appoints Lead Creative and Media Agencies to Drive More Impactful Global MarketingConsolidates agencies to step-change effectiveness and efficiency
Press Release: Newell Rubbermaid – 2 hours 1 minute ago

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SymbolPriceChange

NWL	27.51	-0.15

ATLANTA, Oct. 3, 2013 /PRNewswire/ -- Newell Rubbermaid ( NWL) today announced a significant step in making bigger, more strategic, global investments behind its brands with the consolidation of scores of local agencies worldwide into one lead creative partner and one lead media-buying partner. The two agencies will help oversee Newell Rubbermaid's globaladvertising and promotion investment.

Bartle Bogle Hegarty (BBH) has been selected as lead creative agency, which will have full responsibility to deliver strategy, creative execution and implementation (excluding media) in all brand-related communication channels. Part of the Publicis Groupe, BBH was named 2013 "Mid-Sized Agency of the Year" by the O'Toole Awards and is one of the most awarded advertising agencies in the world. BBH works with leading brands including Johnnie Walker, British Airways, KFC, Audi, Barclays Bank, Westin Hotels & Resorts, and Axe. The global assignment will be led by BBH New York, supported by the entire BBH global agency network including offices in London, Sao Paulo and Shanghai.

PHD has been selected as lead media agency, which will help with overall strategic communicationplanning and be responsible for all media placements across all channels. Originally founded as the world's first planning-led media agency, PHD, part of the Omnicom Media Group, was named Adweek's "Global Media Agency of the Year" in 2012 and is a proven innovator in communications planning and buying. PHD's clients include Mondelez, Porsche, Bentley, ANZ, GlaxoSmithKline, Hyatt and Canon.

"For the first time, we are aligning all our brands and categories behind one set of agency partners to drive big ideas that create a strong point of difference for consumers," said Richard Davies, Chief Marketing and Insights Officer of Newell Rubbermaid. "BBH and PHD are the best in the business at what they do. With their partnership, we now have the power to achieve much greater scale, reach and impact as we invest behind growing our brands worldwide."

"Our ambition is to push the limits of what's possible for our brands," said Mark Tarchetti, Newell Rubbermaid's Chief Development Officer. "The Growth Game Plan strategy promises to accelerate growth through sharper portfolio choices and new capabilities. Our progress is becoming an increasing reality in important steps like a new state of the art design center that will open next year, investments in e-commerce and innovation, and the appointment of global creative and media agencies. These moves allow us to step-change quality while taking all the efficiencies that come with scale. Our momentum is increasingly visible in the marketplace as we make new A&P investments that are unprecedented in Newell Rubbermaid's history, and build an even stronger 2014 plan."

The new agency relationships are effective Oct. 1, with transition work beginning immediately to ensure integrated teams are fully operational by the beginning of the year.

About Newell Rubbermaid
Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2012 sales of approximately $5.6 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica® and Dymo®. As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company's Web site, www.newellrubbermaid.com.

[Dr_of_Microcaps] Newell Rubbermaid Announces Sale of Teach Platform To Skyview Capital LLC [graph...

Dr_of_Microcaps — 7/16/2013 6:09:02 PM

Newell Rubbermaid Announces Sale of Teach Platform To Skyview Capital LLC Press Release: Newell Rubbermaid – Mon, Jul 15, 2013 1:25 PM EDT 0

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SymbolPriceChange

NWL	26.84	-0.15

ATLANTA--(BUSINESS WIRE)--

Newell Rubbermaid Inc. ( NWL) today announced the sale of its Teach platform, including the Mimio® and Headsprout® interactive teaching technology brands, to Skyview Capital, LLC ( www.skyviewcapital.com), a Beverly Hills, Calif., private equity firm. Terms were not disclosed. The transaction has closed with the signing of the agreement.

“Our Growth Game Plan is designed to accelerate performance by setting clear priorities for our business. This transaction further simplifies our portfolio as we continue to invest behind our highest-potential global growth opportunities,” said Michael Polk, Newell Rubbermaid’s President and Chief Executive Officer.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2012 sales of approximately $5.6 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica® and Dymo®. As part of the company’s Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.

Contact:
Newell Rubbermaid
Nancy O’Donnell, +1 (770) 418-7723
Vice President, Investor Relations
or
David Doolittle, +1 (770) 418-7519
Vice President, Global Communications

[Dr_of_Microcaps] Newell Rubbermaid Appoints Jeremy Liebowitz to Lead Acceleration of E-Commerce G...

Dr_of_Microcaps — 6/17/2013 12:39:54 PM

Newell Rubbermaid Appoints Jeremy Liebowitz to Lead Acceleration of E-Commerce GrowthProven leader will maximize online commercial presence

Press Release: Newell Rubbermaid – 4 hours ago

0

RELATED QUOTES
SymbolPriceChange

NWL	27.16	-0.01

ATLANTA--(BUSINESS WIRE)--

Newell Rubbermaid ( NWL) today announced the appointment of Jeremy Liebowitz to the newly created position of Vice President, Global E-Commerce, to lead the acceleration of the company’s online revenue growth worldwide.

“E-commerce is our single biggest growth opportunity and an area where we expect to make substantial investments under Jeremy’s leadership,” said Mark Tarchetti, Newell Rubbermaid’s Chief Development Officer. “In this highly visible and collaborative role, Jeremy will focus on maximizing our online commercial presence with existing customers and developing a long term channel strategy to drive growth.”

Liebowitz has a proven track record of building successful e-commerce platforms over an 18-year career, most recently as Vice President of Digital Commerce and Marketing for Jarden Corp., where he achieved significant online revenue growth multiples over five years. Previously, Liebowitz held key e-commerce roles at Limited Brands, Inc. and TracFone Wireless.

To accelerate Newell Rubbermaid’s global e-commerce business, Liebowitz will develop a comprehensive global strategy and ensure the appropriate tools, workplans and organization development are in place to create a step change. The role will be externally focused, collaborating closely with customer development leaders to improve Newell Rubbermaid’s offering to customers.

Liebowitz will report to Tarchetti, with a strong link to Chief Customer Officer Joe Cavaliere.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2012 sales of approximately $5.6 billion and a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Rubbermaid®, Levolor®, Calphalon®, Goody®, Graco®, Aprica® and Dymo®. As part of the company’s Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.

NWL-EX

Caution Concerning Forward-Looking Statements

Statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects and impacts of the Company’s organizational transformation initiatives, including Project Renewal and the European Transformation Plan. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail, commercial and industrial sectors of the economy, our ability to effectively achieve and redeploy cost savings from these transformation initiatives, as well as those factors listed in the company’s most recently filed Annual Report on Form 10-K, filed with the Securities and Exchange Commission.

Contact:
Newell Rubbermaid
Nancy O’Donnell, +1 770-418-7723
Vice President, Investor Relations
or
David Doolittle, +1 770-418-7519
Vice President, Corporate Communications

[Dr_of_Microcaps] George Soros' 4 New Dividend-Paying Picks With Upside Potential February 2...

Dr_of_Microcaps — 2/20/2013 2:35:12 PM

George Soros' 4 New Dividend-Paying Picks With Upside Potential

February 20, 2013 by: Dividendinvestr | includes: F, IVZ, NWL, PNC

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

Business relationship disclosure: Dividendinvestr is a team of analysts. This article was written by Serkan Unal, one of our writers. We did not receive compensation for this article (other than from Seeking Alpha), and we have no business relationship with any company whose stock is mentioned in this article.

By Serkan Unal

George Soros, one of the world's most famous investors and financiers, earned $1 billion from shorting the British pound in September 1992. He seems to have struck the same luck again last year and this so far, as his short trade on the Japanese currency has produced a gain of about $1 billion since November 2012. Soros has been making bets across asset classes and sectors based on macroeconomic events and economic theory. He currently runs a family office with some $24 billion in assets under management.

Soros' family office recently filed its 13-F regulatory disclosure with the SEC for the fourth quarter of 2012. Based on the filing, Soros sold out of his stakes in 69 companies, while he entered 70 new positions, including several positions paying dividends. Here is a closer look at Soros' four new stocks paying dividend yields above 2.0% and boasting the potential for capital appreciation and dividend growth over the longer term. The stocks are listed based on their size in the overall portfolio.

Ford Motor Company ( F), the second largest U.S. automaker by market share, has a dividend yield of 3.1% and a payout ratio of 29% of the current-year EPS estimate. Recently, the company doubled its quarterly dividend. Last quarter, Soros reported owning nearly $41 million worth of the stock. The company's EPS for the fourth quarter of 2012 and the whole year beat analysts' estimates; however, its 2013 outlook was below investors' expectations, given deeper anticipated losses in Europe and a break-even position in Latin America. Still, Ford's North American sales are driving growth. There is a strong pent-up demand in the U.S. as the aging vehicle fleet hit the record-high average age of 11.3 years in January 2013. This year, U.S. vehicle sales are running at an annualized rate of 15.3 million, above the five-year high of 14.5 million reported in 2012. Ford predicts that U.S. sales could grow as much as 8% in 2013. In addition, Ford's sales are booming in China and India. Based on the company's predication from 2011, Ford expects China and India sales to boost its global vehicle sales by 50% to 8 million by 2015. Despite the company's upbeat predictions, analysts at Barclays and Deutsche Bank recently downgraded the stock based on valuation, margin expansion, and anticipated "lowering expectations." Ford still looks as good value, trading at 9.4x forward earnings versus 17.1x for General Motors Co. ( GM) and 22.4x for Toyota Motor Co. ( TM).

Invesco Ltd. ( IVZ), an asset manager, has a dividend yield of 2.5%, payout ratio of 34% of the current-year EPS estimate, and five-year annualized dividend growth of about 6.0%. Last quarter, Soros reported owning almost $40 million worth of the stock. Invesco Ltd. currently has some $712.6 billion in assets under management. The company's AUM has benefited from positive inflows into both passive and active investment vehicles. Even though the company missed analysts' expectations, mainly on bottom lines due to rising compensation costs, the company's growth outlook is sanguine. Analysts forecast the company's long-term EPS CAGR at a robust 14.6%. Its growth will be driven by rising investment flows amidst the company's broad diversification. The stock is up nearly 11% over the past 12 months and is trading close to its 52-week high. Last month, both JPMorgan and Morgan Stanley downgraded the stock based on its valuation, softer sales of its leading product, and margin expansion. The stock is currently trading at a forward P/E of 13.7x, below an industry multiple of 15.4x. Its price-to-book of 1.5 is also lower than the industry average ratio of 1.7. The stock's long-term EPS growth expectations suggest a potential for appreciation and dividend growth in the future.

Newell Rubbermaid Inc. ( NWL), the maker of plastic items, including plastic bins and cookware, has a dividend yield of 2.5% and a payout ratio of 33% of the current-year EPS estimate. The company's quarterly dividend was slashed back in 2009, from 21 cents to 5 cents per share, but since it has risen threefold. Last quarter, Soros reported owning $33.4 million in NWL stock. Over the past four quarters, the company has been posting estimate-beating EPS results. Its cost cutting and emerging market growth have been propping up the bottom line. The company expects to see core sales growth of between 2% and 4% this year, with the EPS guidance in the range between $1.78 and $1.84. The midpoint of NWL's EPS guidance meets the analysts' EPS estimate of $1.82. The company has seen marginal, but still positive EPS revisions over the past 30 days. Its forward P/E of 13.2x is on par with its respective industry's forward earnings multiple. However, the stock is priced below industry based on a price-to-book of 3.4 (an industry price-to-book ratio is 4.3). In 2010, there were rumors that the company was a takeover target-involving Procter & Gamble ( PG) as a rumored acquirer. However, those rumors dissipated over time. Several prominent hedge funds, including Ken Griffin's Citadel Investments, Ariel Investments, and Phill Gross's Adage Capital, have positions in NWL.

PNC Financial Services Group Inc. ( PNC), one of the largest U.S. diversified financial services organizations, has a dividend yield of 2.5% and a payout ratio of 25% of the current-year EPS estimate. The bank's quarterly dividend was slashed in 2009, from 66 cents to 10 cents per share, but since it has increased fourfold. The bank generates a large share of fee-based revenues, which may improve this year. Moreover, the bank also has a high exposure to commercial and industrial loans, including commercial real estate construction exposure, which is expected to rise smartly with the rebounding economy. In general, the strong Midwest economy, supported by farming and hydraulic fracking industries, has given support to the bank's growth. Growth is also driven by acquisitions, including that of RBC's U.S. retail banking business. Interestingly, PNC owns 36 million shares of the world's largest asset manager, BlackRock Inc. ( BLK), and derives 11% of its profit from its BLK investment. Given BLK's spectacular performance over the past several years, this PNC position has proven to be lucrative. However, it is relevant to note that some of the bank's weaknesses include a contracting net interest margin and capital ratios slightly below those of its peers. Also, the bank has an ROE of 7.2%, below its industry's average ROE of 8.3%. It is trading at 90% of book value.

[Dr_of_Microcaps] Newell Rubbermaid Reports Solid Fourth Quarter 2012 Results and Provides 2013...

Dr_of_Microcaps — 2/2/2013 1:34:24 AM

Newell Rubbermaid Reports Solid Fourth Quarter 2012 Results and Provides 2013 Guidance Normalized EPS of $0.43, up 7.5 Percent vs. Prior Year Reported EPS of $0.35, up 29.6 Percent vs. Prior Year Press Release: Newell Rubbermaid Inc. – 18 hours ago

RELATED QUOTES
Symbol Price Change

NWL	23.39	-0.09

ATLANTA--(BUSINESS WIRE)--

Newell Rubbermaid ( NWL) today announced solid fourth quarter 2012 results.

“We are pleased with our quarterly and full year 2012 performance,” said President and Chief Executive Officer Michael Polk. “Our solid fourth quarter financial results represent the sixth consecutive quarter of consistent delivery in line with or better than expectations. Full year normalized EPS and operating cash flow both came in above the high end of our guidance range. We increased core sales by 2.2%, a sequential improvement versus last year, and a solid outcome in the face of tough economic conditions in Europe and challenges in our Décor business. Our Win Bigger brands have healthy share momentum and we are generating strong core sales growth in emerging markets, particularly in Latin America. We also returned significant levels of cash to shareholders through our dividend, which nearly doubled in 2012 to the current annualized rate of $0.60, and our ongoing share repurchase program.”

Polk added, “Looking ahead, we continue to be sharply focused on driving structural costs out and accelerating growth through the execution of our Growth Game Plan. The strategic changes we are making to invest behind our Win Bigger businesses will drive accelerated performance and enable us to build a bigger, faster-growing, more global and more profitable Newell Rubbermaid.”

Executive Summary

Fourth quarter 2012 net sales were $1.52 billion, an increase of 1.6 percent versus prior year results. Core sales, which exclude the impact of changes in foreign currency translation, grew 2.2 percent. Normalized diluted earnings per share were $0.43 compared with $0.40 in the prior year period; reported diluted earnings per share were $0.35 compared with $0.27 in the year-ago period.

Operating cash flow in the quarter was $261.3 million. Full year 2012 operating cash flow was $618.5 million, an improvement of $57.2 million versus prior year. The company returned $67.8 million to shareholders in the fourth quarter through dividends of $43.5 million and the repurchase of 1.1 million shares at a cost of $24.3 million. The company strengthened its balance sheet and reduced ongoing interest expense through the early repayment of $500 million in 5.5% notes due April 2013. The debt was refinanced through the issuance of $350 million in 2.05% notes due 2017, cash on hand and short-term borrowings. The company provided 2013 guidance for core sales growth in a range from 2 to 4 percent, normalized operating margin improvement of up to 20 basis points, normalized earnings per share of $1.78 to $1.84 and operating cash flow of $575 to $625 million, which includes an incremental pension plan contribution of $50 million. Fourth Quarter 2012 Operating Results

Net sales in the fourth quarter were $1.52 billion, an increase of 1.6 percent compared with the prior year. Core sales, which exclude 60 basis points of adverse foreign currency translation, grew 2.2 percent. Sales growth was largely attributable to the Tools, Baby & Parenting and Writing segments and to robust growth in Latin America.

As expected, gross margin of 36.5 percent represented a decline of 70 basis points versus prior year. Normalized gross margin decreased 50 basis points versus prior year to 36.7 percent as the company made incremental investments in customer programs associated with fourth quarter events and stronger 2013 new item sell-in.

Operating margin for the quarter was 10.1 percent, an increase of 170 basis points compared to the prior year. Normalized operating margin was 11.7 percent, a decrease of 10 basis points to the prior year. Lower structural SG&A costs reflecting the benefits of Project Renewal initiatives were offset by higher incentive compensation, customer programs and strategic SG&A spending on sales force expansion in Tools and Commercial Products in Latin America and Rubbermaid Healthcare in North America, and on increased advertising and promotion expenses in Writing.

Fourth quarter reported operating income was $153.8 million versus $125.5 million in the prior year period, and normalized operating income was $177.8 million compared with $176.8 million in the prior year period. Fourth quarter normalized operating income excludes $24.0 million of restructuring and restructuring-related costs incurred primarily in connection with Project Renewal and the European Transformation Plan. In 2011, normalized operating income excluded $49.4 million of restructuring and restructuring-related costs incurred in connection with the European Transformation Plan and Project Renewal and $1.9 million in incremental costs associated with the company’s CEO transition.

The reported tax rate for the quarter was 23.1 percent compared with 19.6 percent in the prior year. The normalized tax rate was 20.7 percent compared with 23.0 percent in the prior year. The year-over-year change in the normalized tax rate was primarily driven by the geographic mix of earnings and utilization of tax attributes.

Net income, as reported, was $101.9 million, or $0.35 per diluted share, for the fourth quarter. This compares with $80.4 million, or $0.27 per diluted share, in the prior year.

Normalized earnings of $0.43 per diluted share compares with prior year normalized results of $0.40 per diluted share. This 7.5 percent improvement was largely driven by lower interest expense and a lower normalized tax rate.

For the fourth quarter 2012, normalized diluted earnings per share exclude $0.06 per diluted share for restructuring and restructuring-related costs associated with Project Renewal and the European Transformation Plan; $0.01 per diluted share related to the extinguishment of debt; and the exclusion of $0.01 per diluted share resulting from tax contingencies. For the fourth quarter 2011, normalized diluted earnings per share excluded $0.12 per diluted share for restructuring and restructuring-related costs associated with the European Transformation Plan and Project Renewal. (A reconciliation of the “as reported” results to “normalized” results is included below.)

The company generated operating cash flow of $261.3 million during the fourth quarter of 2012 compared with $281.5 million in the comparable period last year. Capital expenditures were $47.0 million compared with $71.7 million in the prior year.

A reconciliation of the fourth quarter 2012 and 2011 results is as follows:

	Q4 2012		Q4 2011*

Diluted earnings per share (as reported)	$	0.35	$	0.27

Restructuring and restructuring-related costs	$	0.06	$	0.12

Income tax – incremental contingencies	$	0.01	$	0.00

Loss related to the extinguishment of debt	$	0.01	$	0.00

Normalized EPS	$	0.43	$	0.40

* totals may not add due to rounding

Fourth Quarter 2012 Operating Segment Results

The Home Solutions segment net sales for the fourth quarter were $453.1 million, a 0.8 percent increase compared with the prior year quarter. Core sales in the segment increased 0.5 percent. Growth from the Rubbermaid®, Calphalon®, and Goody® brands was partially offset by a decline in Décor largely related to a change in merchandising strategy at a significant retail customer. Operating income in the Home Solutions segment was $64.8 million, or 14.3 percent of sales, as compared with $57.2 million, or 12.7 percent of sales, in the prior year. Normalized operating income in the Home Solutions segment was $67.7 million, or 14.9 percent of sales, compared with $57.2 million, or 12.7 percent of sales, in the prior year. The improvements were driven by Project Renewal-related structural SG&A cost reductions and improved productivity, which more than offset input cost inflation.

The Writing segment net sales for the fourth quarter were $344.5 million, a 2.0 percent increase compared with the prior year quarter. Core sales in the segment increased 2.4 percent. The improvement was largely driven by strong growth in Latin America attributable to the launch of Paper Mate® InkJoy® in that region and share gains in North America on Paper Mate, Sharpie®, and Expo®. Operating income in Writing was $55.6 million, or 16.1 percent of sales, compared with $55.5 million, or 16.4 percent of sales, in the prior year. The 30 basis point decline was attributable to favorable mix, offset by input cost inflation and advertising and promotion support behind the launch of Sharpie Metallics, Sharpie’s music partnership with One Direction, and the 125th anniversary of Parker.

The Tools segment net sales for the fourth quarter were $209.5 million, a 3.6 percent increase compared with the prior year quarter. Core sales in the segment increased 6.0 percent. The improved performance was driven by strong growth in emerging markets, particularly Latin America. Operating income in the Tools segment was $23.8 million, or 11.4 percent of sales, compared with $30.3 million, or 15.0 percent of sales, in the prior year. Improved productivity was more than offset by unfavorable mix, inflation and ongoing investment in sales force expansion in Latin America and an increase in customer programs.

The Commercial Products segment net sales for the fourth quarter were $188.6 million, a 0.9 percent increase compared with the prior year quarter. Core sales in the segment increased 1.3 percent. The improvement was primarily driven by strong performance in North America, particularly in Rubbermaid Healthcare. Operating income in the Commercial Products segment was $22.0 million, or 11.7 percent of sales, compared with $27.8 million, or 14.9 percent of sales, in the prior year. Favorable productivity was more than offset by ongoing investment in sales capabilities in emerging markets and increased merchandising investment in North America behind the Rubbermaid Commercial Products refuse and recycling businesses.

The Baby & Parenting segment net sales for the fourth quarter were $186.2 million, a 4.2 percent increase compared with the prior year quarter. Core sales in the segment increased 5.9 percent. The improvement was driven by Graco®’s strong share gains in North America and continued robust growth of Aprica® in Japan. Operating income in the Baby & Parenting segment was $12.8 million, or 6.9 percent of sales, compared with $13.5 million, or 7.6 percent of sales, in the prior year. The operating margin decline was driven by increased investments in advertising development and increased merchandising activity associated with sell in of 2013 innovation.

The Specialty segment net sales for the fourth quarter were $136.9 million, a 2.2 percent decrease compared with the prior year quarter. Core sales in the segment decreased 1.3 percent. Growth in the Dymo Office Labeling and Endicia businesses were offset by softness in Mimio® and Shur-line®. Operating income was $20.2 million, or 14.8 percent of sales, compared with $15.3 million, or 10.9 percent of sales, in the prior year. The operating margin improvement was attributable to Project Renewal-related cost reductions, which more than offset input cost inflation.

Twelve Month Results

Net sales for the twelve months ended December 31, 2012, increased 0.6 percent to $5.90 billion, compared with $5.86 billion in the prior year. Core sales increased 2.2 percent after excluding the 1.6 percent impact of unfavorable foreign currency translation. Core sales growth increased 40 basis points sequentially versus the 2011 core growth rate.

Both reported and normalized gross margin increased 20 basis points compared with prior year to 37.8 percent, as productivity gains and pricing more than offset the effect of input cost inflation.

Reported operating margin of 11.0 percent improved 660 basis points largely due to the impact of asset impairment charges in last year’s results. Normalized operating margin increased 10 basis points versus prior year to 12.6 percent.

Normalized earnings were $1.70 per diluted share compared with $1.59 per diluted share in the prior year. Net income, as reported, was $401.3 million, or $1.37 per diluted share. This compares with $125.2 million, or $0.42 per diluted share, in the prior year.

For the twelve months ended December 31, 2012, normalized diluted earnings per share exclude $0.24 per diluted share for restructuring and restructuring-related costs associated with Project Renewal and the European Transformation Plan; income tax charges of $0.08 per diluted share attributable to certain tax contingencies, expiration of statutes of limitation and resolution of tax examinations; $0.02 per diluted share related to the extinguishment of debt; and a net gain of $0.01 per diluted share from discontinued operations primarily related to the receipt of the escrow from the disposal of the hand torch and solder business. For the twelve months ended December 31, 2011, normalized earnings per diluted share exclude $1.03 per diluted share for impairment charges primarily related to goodwill write-downs; $0.24 per diluted share for restructuring and restructuring-related costs associated with the European Transformation Plan and Project Renewal; $0.02 per diluted share related to the incremental costs associated with the company’s CEO transition; $0.01 per diluted share related to the extinguishment of debt; and benefits of $0.17 per diluted share resulting from the reversal of certain tax contingencies due to the expiration of various statutes of limitation. In addition, last year the company recorded a net loss from discontinued operations of $9.4 million, or $0.03 per share, reflecting the income from discontinued operations and loss on disposal of the hand torch and solder business, which was excluded from normalized earnings. (A reconciliation of the “as reported” results to “normalized” results is included below.)

The company generated operating cash flow of $618.5 million during 2012 compared with $561.3 million in 2011. Capital expenditures were $177.2 million compared with $222.9 million in the prior year, principally related to lower expenditures on SAP implementations.

A reconciliation of the twelve months 2012 and 2011 results is as follows:

	2012			2011*

Diluted earnings per share (as reported)	$	1.37		$	0.42

Impairment charges	$	0.00		$	1.03

Restructuring and restructuring-related costs	$	0.24		$	0.24

Discontinued operations	$	(0.01	)	$	0.03

CEO transition costs	$	0.00		$	0.02

Income tax– discrete contingencies,
expiration of statutes of limitation and
resolution of examinations	$	0.08		$	(0.17	)

Loss related to the extinguishment of debt	$	0.02		$	0.01

Normalized EPS	$	1.70		$	1.59

* totals may not add due to rounding

2013 Outlook

The company’s guidance and key assumptions for the full year 2013 are as follows:

Net sales are expected to grow 1 to 3 percent Currency rates are expected to decrease sales by about 100 basis points

The company’s 2013 normalized EPS expectation excludes between $90 and $110 million of restructuring and restructuring-related costs associated with Project Renewal. (A reconciliation to normalized results is included below.) The company is on track to realize cumulative annualized cost savings of approximately $270 to $325 million by the second quarter of 2015 related to Project Renewal, with cumulative annualized savings of $90 to $100 million expected by the first half of 2013. The company intends to reinvest the majority of Project Renewal savings in the business to strengthen brand building and selling capabilities and accelerate growth.

This operating cash flow guidance includes a U.S. pension plan contribution of approximately $100 million, approximately $50 million higher than the 2012 contribution, and restructuring and restructuring-related cash payments of approximately $70 to $90 million.

A reconciliation of the 2013 earnings outlook is as follows:


				FY 2013

Diluted earnings per share				$1.54 to $1.60
Restructuring and restructuring-related costs				$0.21 to $0.27

Normalized EPS				$1.78 to $1.84

Conference Call

The company’s fourth quarter 2012 earnings conference call is scheduled for today, February 1, 2013, at 8:30 am ET. To listen to the webcast, use the link provided under Events & Presentations in the Investor Relations section of Newell Rubbermaid’s Web site at www.newellrubbermaid.com. The webcast will be recorded and made available for replay. A supporting slide presentation will be available under Quarterly Earnings in the Investor Relations section on the company’s Web site.

Non-GAAP Financial Measures

This release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. Included in this release is a reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP.

The company uses certain financial measures that are included in this press release and the additional financial information both in explaining its results to stockholders and the investment community and in its internal evaluation and management of its businesses. The company’s management believes that these measures — including those that are “non-GAAP financial measures” — and the information they provide are useful to investors since these measures (a) permit investors to view the company’s performance using the same tools that company management uses to evaluate the company’s past performance, reportable business segments and prospects for future performance and (b) determine certain elements of management’s incentive compensation.

The company’s management believes that core sales, as reflected in the Currency Analysis, is useful to investors because it demonstrates the effect of foreign currency translation on reported sales. The effect of foreign currency translation on reported sales is determined by applying the current year and prior year monthly exchange rates to the local currency sales amounts in the current year period, with the difference in these two amounts being the currency impact from last year to this year and the residual representing changes attributable to core sales. The company’s management believes that normalized gross margin, normalized SG&A expense and normalized operating income are useful because they provide investors with a meaningful perspective on the current underlying performance of the company’s core ongoing operations. The company’s management believes that normalized earnings per share, which excludes restructuring and restructuring-related charges and one-time events such as losses related to the extinguishments of debt, tax benefits and charges, impairment charges, discontinued operations and certain other items, is useful to investors because it permits investors to better understand year-over-year changes in underlying operating performance. The company uses both core sales and normalized earnings per share as two of the three performance criteria in its management cash bonus plan.

The company determined the tax effect of the items excluded from normalized diluted earnings per share by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.

While the company believes that these non-GAAP financial measures are useful in evaluating the company’s performance, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ from similar measures presented by other companies.

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2012 sales of approximately $5.9 billion and a strong portfolio of leading brands, including Rubbermaid®, Sharpie®, Graco®, Calphalon®, Irwin®, Lenox®, Levolor®, Paper Mate®, Dymo®, Waterman®, Parker®, Goody®, Rubbermaid Commercial Products® and Aprica®.

This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.

Caution Concerning Forward-Looking Statements

Statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income, operating margin or gross margin improvements or declines, Project Renewal, the European Transformation Plan, capital and other expenditures, cash flow, dividends, restructuring and restructuring-related costs, costs and cost savings, inflation or deflation, particularly with respect to commodities such as oil and resin, debt ratings, and management's plans, projections and objectives for future operations and performance. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believe," "estimate" and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail, commercial and industrial sectors of the economy in light of the continuation or escalation of the global economic slowdown or regional sovereign debt issues; currency fluctuations; competition with other manufacturers and distributors of consumer products; major retailers' strong bargaining power; changes in the prices of raw materials and sourced products and our ability to obtain raw materials and sourced products in a timely manner from suppliers; our ability to develop innovative new products and to develop, maintain and strengthen our end-user brands; our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; our ability to successfully implement information technology solutions throughout our organization; our ability to improve productivity and streamline operations; changes to our credit ratings; significant increases in the funding obligations related to our pension plans due to declining asset values, declining interest rates or otherwise; the imposition of tax liabilities greater than our provisions for such matters; the risks inherent in our foreign operations and those factors listed in the company’s most recently filed Quarterly Report on Form 10-Q and Exhibit 99.1 thereto, filed with the Securities and Exchange Commission.

Newell Rubbermaid Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)



	Three Months Ended December 31,
							YOY
	2012			2011			% Change

Net sales	$	1,518.8		$	1,495.2		1.6	%
Cost of products sold		963.8			938.6

GROSS MARGIN		555.0			556.6		(0.3	)%
% of sales		36.5	%		37.2	%

Selling, general &
administrative expenses		382.6			393.3		(2.7	)%
% of sales		25.2	%		26.3	%

Restructuring costs		18.6			37.8

OPERATING INCOME		153.8			125.5		22.5	%
% of sales		10.1	%		8.4	%

Nonoperating expenses:
Interest expense, net		17.4			21.2
Loss on extinguishment of debt		4.1			-
Other (income) expense, net		(0.2	)		2.7
		21.3			23.9		(10.9	)%

INCOME BEFORE INCOME TAXES		132.5			101.6		30.4	%
% of sales		8.7	%		6.8	%

Income taxes		30.6			19.9		53.8	%
Effective rate		23.1	%		19.6	%

NET INCOME FROM CONTINUING OPERATIONS		101.9			81.7		24.7	%
% of sales		6.7	%		5.5	%

Loss from discontinued operations, net of tax		-			(1.3	)

NET INCOME	$	101.9		$	80.4		26.7	%
		6.7	%		5.4	%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$	0.35		$	0.28
Loss from discontinued operations		-			-
Net income	$	0.35		$	0.28

Diluted
Income from continuing operations	$	0.35		$	0.28
Loss from discontinued operations		-			-
Net income	$	0.35		$	0.27

AVERAGE SHARES OUTSTANDING:
Basic		290.0			292.0
Diluted		293.1			294.4

Newell Rubbermaid Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)



	Twelve Months Ended December 31,
							YOY
	2012			2011			% Change

Net sales	$	5,902.7		$	5,864.6		0.6	%
Cost of products sold		3,673.6			3,659.4

GROSS MARGIN		2,229.1			2,205.2		1.1	%
% of sales		37.8	%		37.6	%

Selling, general &
administrative expenses		1,521.1			1,515.3		0.4	%
% of sales		25.8	%		25.8	%

Impairment charges		-			382.6
Restructuring costs		56.1			50.1

OPERATING INCOME		651.9			257.2		NMF
% of sales		11.0	%		4.4	%

Nonoperating expenses:
Interest expense, net		76.1			86.2
Loss on extinguishments of debt		10.9			4.8
Other (income) expense, net		(1.0	)		13.7
		86.0			104.7		(17.9	)%

INCOME BEFORE INCOME TAXES		565.9			152.5		NMF
% of sales		9.6	%		2.6	%

Income taxes		166.3			17.9		NMF
Effective rate		29.4	%		11.7	%

NET INCOME FROM CONTINUING OPERATIONS		399.6			134.6		NMF
% of sales		6.8	%		2.3	%

Income (loss) from discontinued operations, net of tax		1.7			(9.4	)

NET INCOME	$	401.3		$	125.2		NMF
		6.8	%		2.1	%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$	1.37		$	0.46
Income (loss) from discontinued operations		0.01			(0.03	)
Net income	$	1.38		$	0.43

Diluted
Income from continuing operations	$	1.36		$	0.45
Income (loss) from discontinued operations		0.01			(0.03	)
Net income	$	1.37		$	0.42

AVERAGE SHARES OUTSTANDING:
Basic		291.2			293.6
Diluted		293.6			296.2


NMF = Not meaningful

Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Three Months Ended December 31, 2012
	GAAP Measure		Restructuring			Loss on						Non-GAAP Measure
			and restructuring-			extinguishment			Non-recurring					Percentage
	Reported		related costs (1)			of debt (2)			tax items (3)			Normalized*		of Sales

Cost of products sold	$	963.8	$	(2.6	)	$	-		$	-		$	961.2	63.3	%

Gross margin	$	555.0	$	2.6		$	-		$	-		$	557.6	36.7	%

Selling, general & administrative expenses	$	382.6	$	(2.8	)	$	-		$	-		$	379.8	25.0	%

Operating income	$	153.8	$	24.0		$	-		$	-		$	177.8	11.7	%

Nonoperating expenses	$	21.3	$	-		$	(4.1	)	$	-		$	17.2

Income before income taxes	$	132.5	$	24.0		$	4.1		$	-		$	160.6

Income taxes (4)	$	30.6	$	5.0		$	1.5		$	(3.9	)	$	33.2

Net income	$	101.9	$	19.0		$	2.6		$	3.9		$	127.4

Diluted earnings per share**	$	0.35	$	0.06		$	0.01		$	0.01		$	0.43


	Three Months Ended December 31, 2011
	GAAP Measure		Restructuring									Non-GAAP Measure
			and restructuring-			Discontinued			CEO transition					Percentage
	Reported		related costs (1)			operations (5)			costs (6)			Normalized*		of Sales

Selling, general & administrative expenses	$	393.3	$	(11.6	)	$	-		$	(1.9	)	$	379.8	25.4	%

Operating income	$	125.5	$	49.4		$	-		$	1.9		$	176.8	11.8	%

Income before income taxes	$	101.6	$	49.4		$	-		$	1.9		$	152.9

Income taxes (4)	$	19.9	$	14.2		$	-		$	1.0		$	35.1

Net income from continuing operations	$	81.7	$	35.2		$	-		$	0.9		$	117.8

Net income	$	80.4	$	35.2		$	1.3		$	0.9		$	117.8

Diluted earnings per share**	$	0.27	$	0.12		$	-		$	-		$	0.40


* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.
**Totals may not add due to rounding.

(1) Restructuring and restructuring-related charges during the three months ended December 31, 2012 include $5.4 million of restructuring-related costs and $18.6 million of restructuring costs incurred in connection with the European Transformation Plan and Project Renewal. Restructuring and restructuring-related charges during the three months ended December 31, 2011 include $11.6 million of restructuring-related costs and $37.8 million of restructuring costs incurred in connection with the European Transformation Plan and Project Renewal.

(2) Loss on extinguishment of debt of $4.1 million during the three months ended December 31, 2012 was incurred in connection with the early retirement of the April 2013 Senior Notes.

(3) During the three months ended December 31, 2012, the Company incurred $3.9 million of non-recurring income tax charges resulting from tax contingencies and the expiration of various statutes of limitation.

(4) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.

(5) During the three months ended December 31, 2011, the Company recognized a $1.3 million loss in discontinued operations primarily related to the sale of the hand torch and solder business in July 2011.

(6) The Company incurred incremental costs of $1.9 million during the quarter ended December 31, 2011 associated with its CEO transition.

Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Twelve Months Ended December 31, 2012
	GAAP Measure		Restructuring			Loss on									Non-GAAP Measure
			and restructuring-			extinguishments			Non-recurring			Discontinued					Percentage
	Reported		related costs (1)			of debt (2)			tax items (3)			operations (4)			Normalized*		of Sales

Cost of products sold	$	3,673.6	$	(2.6	)	$	-		$	-		$	-		$	3,671.0		62.2	%

Gross margin	$	2,229.1	$	2.6		$	-		$	-		$	-		$	2,231.7		37.8	%

Selling, general & administrative expenses	$	1,521.1	$	(31.9	)	$	-		$	-		$	-		$	1,489.2		25.2	%

Operating income	$	651.9	$	90.6		$	-		$	-		$	-		$	742.5		12.6	%

Nonoperating expenses	$	86.0	$	-		$	(10.9	)	$	-		$	-		$	75.1

Income before income taxes	$	565.9	$	90.6		$	10.9		$	-		$	-		$	667.4

Income taxes (5)	$	166.3	$	19.9		$	4.0		$	(23.1	)	$	-		$	167.1

Net income from continuing operations	$	399.6	$	70.7		$	6.9		$	23.1		$	-		$	500.3

Net income	$	401.3	$	70.7		$	6.9		$	23.1		$	(1.7	)	$	500.3

Diluted earnings per share**	$	1.37	$	0.24		$	0.02		$	0.08		$	(0.01	)	$	1.70


	Twelve Months Ended December 31, 2011
	GAAP Measure		Restructuring			Loss on														Non-GAAP Measure
			and restructuring-			extinguishments			Non-recurring			Discontinued			Impairment		CEO transition					Percentage
	Reported		related costs (1)			of debt (2)			tax items (3)			operations (4)			charges (6)		costs (7)			Normalized*		of Sales

Selling, general & administrative expenses	$	1,515.3	$	(37.4	)	$	-		$	-		$	-		$	-	$	(6.3	)	$	1,471.6	25.1	%

Operating income	$	257.2	$	87.5		$	-		$	-		$	-		$	382.6	$	6.3		$	733.6	12.5	%

Nonoperating expenses	$	104.7	$	-		$	(4.8	)	$	-		$	-		$	-	$	-		$	99.9

Income before income taxes	$	152.5	$	87.5		$	4.8		$	-		$	-		$	382.6	$	6.3		$	633.7

Income taxes (5)	$	17.9	$	17.0		$	1.7		$	49.0		$	-		$	76.2	$	1.0		$	162.8

Net income from continuing operations	$	134.6	$	70.5		$	3.1		$	(49.0	)	$	-		$	306.4	$	5.3		$	470.9

Net income	$	125.2	$	70.5		$	3.1		$	(49.0	)	$	9.4		$	306.4	$	5.3		$	470.9

Diluted earnings per share**	$	0.42	$	0.24		$	0.01		$	(0.17	)	$	0.03		$	1.03	$	0.02		$	1.59


* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.
**Totals may not add due to rounding.

(1) Restructuring and restructuring-related charges during the twelve months ended December 31, 2012 include $34.5 million of restructuring-related costs and $56.1 million of restructuring costs incurred in connection with the European Transformation Plan and Project Renewal. Restructuring and restructuring-related charges during the twelve months ended December 31, 2011 include $37.4 million of restructuring-related costs and $50.1 million of restructuring costs incurred in connection with the European Transformation Plan and Project Renewal.

(2) Loss on extinguishments of debt of $10.9 million during the twelve months ended December 31, 2012 primarily represents the costs associated with the early retirement of the junior convertible subordinated debentures underlying the quarterly income preferred securities (QUIPS) and the April 2013 Senior Notes. Loss on extinguishments of debt of $4.8 million during the twelve months ended December 31, 2011 represents costs incurred to exchange substantially all of the remaining convertible notes issued during March 2009 for shares and cash.

(3) During the twelve months ended December 31, 2012, the Company incurred $23.1 million of non-recurring income tax charges resulting from tax contingencies and the expiration of various statutes of limitation. During the twelve months ended December 31 2011, the Company recognized $49.0 million of previously unrecognized income tax benefits primarily resulting from the expiration of various statutes of limitation.

(4) During the twelve months ended December 31, 2012 and the twelve months ended December 31, 2011, the Company recognized a $1.7 million gain and $9.4 million loss in discontinued operations, respectively, related to the sale of the hand torch and solder business in July 2011.

(5) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.

(6) During the twelve months ended December 31, 2011, the Company recorded asset impairment charges of $382.6 million primarily related to goodwill impairment for the Baby & Parenting and Hardware businesses.

(7) The Company incurred incremental costs of $6.3 million during the twelve months ended December 31, 2011 associated with its CEO transition.

Newell Rubbermaid Inc.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in millions)

	December 31,		December 31,
Assets:	2012		2011

Cash and cash equivalents	$	183.8	$	170.2
Accounts receivable, net		1,112.4		1,002.0
Inventories, net		696.4		699.9
Deferred income taxes		135.8		130.7
Prepaid expenses and other		142.7		145.2

Total Current Assets		2,271.1		2,148.0

Property, plant and equipment, net		560.2		551.4
Goodwill		2,370.2		2,366.0
Other intangible assets, net		654.1		666.1
Deferred income taxes		85.2		120.2
Other assets		281.2		309.2

Total Assets	$	6,222.0	$	6,160.9

Liabilities and Stockholders' Equity:

Accounts payable	$	527.4	$	468.5
Accrued compensation		173.5		131.4
Other accrued liabilities		658.0		693.5
Short-term debt		210.7		103.6
Current portion of long-term debt		1.2		263.9

Total Current Liabilities		1,570.8		1,660.9

Long-term debt		1,706.5		1,809.3
Other noncurrent liabilities		944.5		838.1

Stockholders' Equity - Parent		1,996.7		1,849.1
Stockholders' Equity - Noncontrolling Interests		3.5		3.5

Total Stockholders' Equity		2,000.2		1,852.6

Total Liabilities and Stockholders' Equity	$	6,222.0	$	6,160.9

Newell Rubbermaid Inc.
CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED)
(in millions)

	Twelve Months Ended December 31,
	2012			2011
Operating Activities:
Net income	$	401.3		$	125.2
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization		163.7			161.6
Impairment charges		-			382.6
Loss on extinguishments of debt		10.9			4.8
(Gain) loss on disposal of discontinued operations		(5.2	)		13.9
Non-cash restructuring costs		0.3			7.0
Deferred income taxes		71.2			(4.8	)
Stock-based compensation expense		32.9			43.0
Other		12.0			11.7
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable		(101.2	)		(17.6	)
Inventories		7.7			(21.5	)
Accounts payable		56.3			3.3
Accrued liabilities and other		(31.4	)		(147.9	)
Net cash provided by operating activities	$	618.5		$	561.3

Investing Activities:
Acquisitions and acquisition-related activity	$	(26.5	)	$	(20.0	)
Capital expenditures		(177.2	)		(222.9	)
Proceeds from sales of noncurrent assets		43.5			44.3
Other		(2.8	)		(7.8	)
Net cash used in investing activities	$	(163.0	)	$	(206.4	)

Financing Activities:
Net short-term borrowings	$	106.0		$	(34.4	)
Proceeds from issuance of debt, net of debt issuance costs		841.9			3.3
Payments on and for the settlement of notes payable and debt		(1,203.4	)		(151.0	)
Cash consideration paid to exchange convertible notes		-			(3.1	)
Repurchase and retirement of shares of common stock		(91.5	)		(46.1	)
Cash dividends		(125.9	)		(84.9	)
Excess tax benefits related to stock-based compensation		12.7			-
Other, net		14.2			(8.4	)
Net cash used in financing activities	$	(446.0	)	$	(324.6	)

Currency rate effect on cash and cash equivalents	$	4.1		$	0.3

Increase in cash and cash equivalents	$	13.6		$	30.6
Cash and cash equivalents at beginning of year		170.2			139.6
Cash and cash equivalents at end of year	$	183.8		$	170.2

Newell Rubbermaid Inc.
Financial Worksheet- Segment Reporting
(In Millions)

	2012												2011
			Reconciliation (1)												Reconciliation (1)										Year-over-year changes
			Reported			Excluded		Normalized			Operating				Reported			Excluded		Normalized			Operating		Net Sales					Normalized OI
	Net Sales		OI			Items		OI			Margin		Net Sales		OI			Items		OI			Margin		$			%		$			%
Q1:
Home Solutions	$	349.5	$	35.5		$	-	$	35.5		10.2	%	$	383.9	$	49.2		$	-	$	49.2		12.8	%	$	(34.4	)	(9.0	)%	$	(13.7	)	(27.8	)%
Writing		290.1		40.0			-		40.0		13.8	%		272.5		41.6			-		41.6		15.3	%		17.6		6.5	%		(1.6	)	(3.8	)%
Tools		190.6		28.7			-		28.7		15.1	%		168.4		23.6			-		23.6		14.0	%		22.2		13.2	%		5.1		21.6	%
Commercial Products		175.4		18.6			-		18.6		10.6	%		166.5		20.8			-		20.8		12.5	%		8.9		5.3	%		(2.2	)	(10.6	)%
Baby & Parenting		182.2		22.4			-		22.4		12.3	%		150.3		7.4			-		7.4		4.9	%		31.9		21.2	%		15.0		202.7	%
Specialty		144.6		23.4			-		23.4		16.2	%		132.6		15.7			-		15.7		11.8	%		12.0		9.0	%		7.7		49.0	%
Restructuring Costs		-		(12.7	)		12.7		-					-		(5.8	)		5.8		-					-					-
Corporate		-		(31.7	)		10.0		(21.7	)				-		(24.5	)		5.3		(19.2	)				-					(2.5	)	(13.0	)%
Total	$	1,332.4	$	124.2		$	22.7	$	146.9		11.0	%	$	1,274.2	$	128.0		$	11.1	$	139.1		10.9	%	$	58.2		4.6	%	$	7.8		5.6	%


	2012												2011
			Reconciliation (1)												Reconciliation (1)										Year-over-year changes
			Reported			Excluded		Normalized			Operating				Reported			Excluded		Normalized			Operating		Net Sales					Normalized OI
	Net Sales		OI			Items		OI			Margin		Net Sales		OI			Items		OI			Margin		$			%		$			%
Q2:
Home Solutions	$	414.0	$	47.6		$	-	$	47.6		11.5	%	$	426.1	$	51.6		$	-	$	51.6		12.1	%	$	(12.1	)	(2.8	)%	$	(4.0	)	(7.8	)%
Writing		394.4		98.0			-		98.0		24.8	%		407.7		91.9			-		91.9		22.5	%		(13.3	)	(3.3	)%		6.1		6.6	%
Tools		202.4		30.5			-		30.5		15.1	%		200.2		30.6			-		30.6		15.3	%		2.2		1.1	%		(0.1	)	(0.3	)%
Commercial Products		190.1		21.1			-		21.1		11.1	%		194.7		30.1			-		30.1		15.5	%		(4.6	)	(2.4	)%		(9.0	)	(29.9	)%
Baby & Parenting		182.4		19.2			-		19.2		10.5	%		175.2		13.0			-		13.0		7.4	%		7.2		4.1	%		6.2		47.7	%
Specialty		132.9		12.0			-		12.0		9.0	%		141.4		8.9			-		8.9		6.3	%		(8.5	)	(6.0	)%		3.1		34.8	%
Restructuring Costs		-		(11.1	)		11.1		-					-		(1.0	)		1.0		-					-					-
Corporate		-		(31.8	)		10.5		(21.3	)				-		(29.2	)		9.0		(20.2	)				-					(1.1	)	(5.4	)%
Total	$	1,516.2	$	185.5		$	21.6	$	207.1		13.7	%	$	1,545.3	$	195.9		$	10.0	$	205.9		13.3	%	$	(29.1	)	(1.9	)%	$	1.2		0.6	%


	2012												2011
			Reconciliation (1)												Reconciliation (1,2)										Year-over-year changes
			Reported			Excluded		Normalized			Operating				Reported			Excluded		Normalized			Operating		Net Sales					Normalized OI
	Net Sales		OI			Items		OI			Margin		Net Sales		OI			Items		OI			Margin		$			%		$			%
Q3:
Home Solutions	$	427.4	$	69.6		$	2.0	$	71.6		16.8	%	$	450.6		70.9		$	-	$	70.9		15.7	%	$	(23.2	)	(5.1	)%	$	0.7		1.0	%
Writing		387.2		68.3			1.2		69.5		17.9	%		381.5		57.9			-		57.9		15.2	%		5.7		1.5	%		11.6		20.0	%
Tools		203.6		26.8			-		26.8		13.2	%		208.7		34.6			-		34.6		16.6	%		(5.1	)	(2.4	)%		(7.8	)	(22.5	)%
Commercial Products		205.6		31.2			-		31.2		15.2	%		193.3		29.6			-		29.6		15.3	%		12.3		6.4	%		1.6		5.4	%
Baby & Parenting		185.3		18.3			-		18.3		9.9	%		176.2		17.7			-		17.7		10.0	%		9.1		5.2	%		0.6		3.4	%
Specialty		126.2		12.6			-		12.6		10.0	%		139.6		20.3			-		20.3		14.5	%		(13.4	)	(9.6	)%		(7.7	)	(37.9	)%
Impairment Charges		-		-			-		-					-		(382.6	)		382.6		-					-					-
Restructuring Costs		-		(13.7	)		13.7		-					-		(5.5	)		5.5		-					-					-
Corporate		-		(24.7	)		5.4		(19.3	)				-		(35.1	)		15.9		(19.2	)				-					(0.1	)	(0.5	)%
Total	$	1,535.3	$	188.4		$	22.3	$	210.7		13.7	%	$	1,549.9	$	(192.2	)	$	404.0	$	211.8		13.7	%	$	(14.6	)	(0.9	)%	$	(1.1	)	(0.5	)%


	2012												2011
			Reconciliation (1)												Reconciliation (1)										Year-over-year changes
			Reported			Excluded		Normalized			Operating				Reported			Excluded		Normalized			Operating		Net Sales					Normalized OI
	Net Sales		OI			Items		OI			Margin		Net Sales		OI			Items		OI			Margin		$			%		$			%
Q4:
Home Solutions	$	453.1	$	64.8		$	2.9	$	67.7		14.9	%	$	449.6	$	57.2		$	-	$	57.2		12.7	%	$	3.5		0.8	%	$	10.5		18.4	%
Writing		344.5		55.6			-		55.6		16.1	%		337.6		55.5			-		55.5		16.4	%		6.9		2.0	%		0.1		0.2	%
Tools		209.5		23.8			-		23.8		11.4	%		202.3		30.3			-		30.3		15.0	%		7.2		3.6	%		(6.5	)	(21.5	)%
Commercial Products		188.6		22.0			-		22.0		11.7	%		187.0		27.8			-		27.8		14.9	%		1.6		0.9	%		(5.8	)	(20.9	)%
Baby & Parenting		186.2		12.8			-		12.8		6.9	%		178.7		13.5			-		13.5		7.6	%		7.5		4.2	%		(0.7	)	(5.2	)%
Specialty		136.9		20.2			-		20.2		14.8	%		140.0		15.3			-		15.3		10.9	%		(3.1	)	(2.2	)%		4.9		32.0	%
Restructuring Costs		-		(18.6	)		18.6		-					-		(37.8	)		37.8		-					-					-
Corporate		-		(26.8	)		2.5		(24.3	)				-		(36.3	)		13.5		(22.8	)				-					(1.5	)	(6.6	)%
Total	$	1,518.8	$	153.8		$	24.0	$	177.8		11.7	%	$	1,495.2	$	125.5		$	51.3	$	176.8		11.8	%	$	23.6		1.6	%	$	1.0		0.6	%


	2012												2011
			Reconciliation (1)												Reconciliation (1,2)										Year-over-year changes
			Reported			Excluded		Normalized			Operating				Reported			Excluded		Normalized			Operating		Net Sales					Normalized OI
	Net Sales		OI			Items		OI			Margin		Net Sales		OI			Items		OI			Margin		$			%		$			%
YE:
Home Solutions	$	1,644.0	$	217.5		$	4.9	$	222.4		13.5	%	$	1,710.2	$	228.9		$	-	$	228.9		13.4	%	$	(66.2	)	(3.9	)%	$	(6.5	)	(2.8	)%
Writing		1,416.2		261.9			1.2		263.1		18.6	%		1,399.3		246.9			-		246.9		17.6	%		16.9		1.2	%		16.2		6.6	%
Tools		806.1		109.8			-		109.8		13.6	%		779.6		119.1			-		119.1		15.3	%		26.5		3.4	%		(9.3	)	(7.8	)%
Commercial Products		759.7		92.9			-		92.9		12.2	%		741.5		108.3			-		108.3		14.6	%		18.2		2.5	%		(15.4	)	(14.2	)%
Baby & Parenting		736.1		72.7			-		72.7		9.9	%		680.4		51.6			-		51.6		7.6	%		55.7		8.2	%		21.1		40.9	%
Specialty		540.6		68.2			-		68.2		12.6	%		553.6		60.2			-		60.2		10.9	%		(13.0	)	(2.3	)%		8.0		13.3	%
Impairment Charges		-		-			-		-					-		(382.6	)		382.6		-					-					-
Restructuring Costs		-		(56.1	)		56.1		-					-		(50.1	)		50.1		-					-					-
Corporate		-		(115.0	)		28.4		(86.6	)				-		(125.1	)		43.7		(81.4	)				-					(5.2	)	(6.4	)%
Total	$	5,902.7	$	651.9		$	90.6	$	742.5		12.6	%	$	5,864.6	$	257.2		$	476.4	$	733.6		12.5	%	$	38.1		0.6	%	$	8.9		1.2	%


(1) Excluded items consist of restructuring-related and restructuring costs. Restructuring-related and restructuring costs of $34.5 million and $56.1 million, respectively, incurred during the 2012 periods relate to the European Transformation Plan and Project Renewal. For 2011, restructuring-related and restructuring costs of $37.4 million and $50.1 million, respectively, relate to the European Transformation Plan and Project Renewal. Additionally, Normalized operating income for the twelve months ended December 31, 2011 excludes incremental SG&A costs of $6.3 million resulting from the CEO transition during 2011.

(2) Normalized operating income for the three months ended September 30, 2011 and twelve months ended December 31, 2011 exclude impairment charges of $382.6 million relating primarily to the impairment of goodwill for the Baby & Parenting and Hardware businesses.

Newell Rubbermaid Inc.

Three Months Ended December 31, 2012

In Millions

Currency Analysis

By Segment

2012

2011

Year-Over-Year Increase (Decrease)

Sales as

Currency

Core

Sales as

Excluding

Including

Currency

Reported

Impact

Sales (1)

Reported

Currency

Impact

Home Solutions

453.1

(1.4

)

451.7

449.6

0.5

0.8

0.3

Writing

344.5

1.1

345.6

337.6

2.4

2.0

(0.4

Tools

209.5

5.0

214.5

202.3

6.0

3.6

(2.4

Commercial Products

188.6

0.8

189.4

187.0

1.3

0.9

(0.4

Baby & Parenting

186.2

3.1

189.3

178.7

5.9

4.2

(1.7

Specialty

136.9

1.3

138.2

140.0

(1.3

(2.2

(0.9

Total Company

1,518.8

9.9

1,528.7

1,495.2

2.2

1.6

(0.6

By Geography

United States

1,022.8

1,000.6

2.2

0.0

Canada

96.3

(2.6

)

93.7

91.6

2.3

5.1

2.8

Total North America

1,119.1

(2.6

)

1,116.5

1,092.2

2.2

2.5

0.3

Europe, Middle East and Africa

181.2

8.1

189.3

198.1

(4.4

(8.5

(4.1

Latin America

93.6

3.5

97.1

80.2

21.1

16.7

(4.4

Asia Pacific

124.9

0.9

125.8

124.7

0.9

0.2

(0.7

Total International

399.7

12.5

412.2

403.0

2.3

(0.8

(3.1

Total Company

1,518.8

9.9

1,528.7

1,495.2

2.2

1.6

(0.6

(1)- "Core Sales" is determined by applying the prior year monthly exchange rates to the current year local currency monthly sales amounts, with the difference in the current year reported sales and Core Sales representing changes attributable to foreign currency translation, reported in the table as "Currency Impact".

Newell Rubbermaid Inc.

Twelve Months Ended December 31, 2012

In Millions

Currency Analysis

By Segment

2012

2011 (1)

Year-Over-Year (Decrease) Increase

Sales as

Currency

Core

Sales as

Excluding

Including

Currency

Reported

Impact

Sales (2)

Reported

Currency

Impact

Home Solutions

1,644.0

5.0

1,649.0

1,710.2

(3.6

(3.9

(0.3

Writing

1,416.2

27.3

1,443.5

1,399.3

3.2

1.2

(2.0

Tools

806.1

28.3

834.4

779.6

7.0

3.4

(3.6

Commercial Products

759.7

8.6

768.3

741.5

3.6

2.5

(1.1

Baby & Parenting

736.1

11.1

747.2

680.4

9.8

8.2

(1.6

Specialty

540.6

10.8

551.4

553.6

(0.4

(2.3

(1.9

Total Company

5,902.7

91.1

5,993.8

5,864.6

2.2

0.6

(1.6

By Geography

United States

4,004.5

3,915.7

2.3

0.0

Canada

358.8

6.0

364.8

376.3

(3.1

(4.7

(1.6

Total North America

4,363.3

6.0

4,369.3

4,292.0

1.8

1.7

(0.1

Europe, Middle East and Africa

718.4

58.8

777.2

815.3

(4.7

(11.9

(7.2

Latin America

338.9

26.2

365.1

318.6

14.6

6.4

(8.2

Asia Pacific

482.1

0.1

482.2

438.7

9.9

0.0

Total International

1,539.4

85.1

1,624.5

1,572.6

3.3

(2.1

(5.4

Total Company

5,902.7

91.1

5,993.8

5,864.6

2.2

0.6

(1.6

(1)- 2011 results have been adjusted to reclassify the results of operations of the hand torch and solder business to discontinued operations.

(2)- "Core Sales" is determined by applying the prior year monthly exchange rates to the current year local currency monthly sales amounts, with the difference in the current year reported sales and Core Sales representing changes attributable to foreign currency translation, reported in the table as "Currency Impact".

Contact:
Newell Rubbermaid Inc.
Nancy O’Donnell, +1 (770) 418-7723 begin_of_the_skype_highlighting +1 (770) 418-7723 end_of_the_skype_highlighting
Vice President, Investor Relations
or
David Doolittle, +1 (770) 418-7519 begin_of_the_skype_highlighting +1 (770) 418-7519 end_of_the_skype_highlighting
Vice President, Corporate Communications

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Recent Quotes Portfolios

Recent Quotes Symbol Price Change % Chg Chart

NWL

23.39

-0.09

-0.38%

Newell Rubbermaid Inc.

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Recent Quotes News
NWL: UPDATE 2-Newell's profit up, Americas

[Dr_of_Microcaps] Newell Rubbermaid Reports Solid Fourth Quarter 2012 Results and Provides 2013...

Dr_of_Microcaps — 2/2/2013 1:17:04 AM

RELATED QUOTES
Symbol Price Change

NWL	23.39	-0.09

A reconciliation of the fourth quarter 2012 and 2011 results is as follows:

	Q4 2012		Q4 2011*

Diluted earnings per share (as reported)	$	0.35	$	0.27

Restructuring and restructuring-related costs	$	0.06	$	0.12

Income tax – incremental contingencies	$	0.01	$	0.00

Loss related to the extinguishment of debt	$	0.01	$	0.00

Normalized EPS	$	0.43	$	0.40

* totals may not add due to rounding

A reconciliation of the twelve months 2012 and 2011 results is as follows:

	2012			2011*

Diluted earnings per share (as reported)	$	1.37		$	0.42

Impairment charges	$	0.00		$	1.03

Restructuring and restructuring-related costs	$	0.24		$	0.24

Discontinued operations	$	(0.01	)	$	0.03

CEO transition costs	$	0.00		$	0.02

Income tax– discrete contingencies,
expiration of statutes of limitation and
resolution of examinations	$	0.08		$	(0.17	)

Loss related to the extinguishment of debt	$	0.02		$	0.01

Normalized EPS	$	1.70		$	1.59

* totals may not add due to rounding

2013 Outlook

The company’s guidance and key assumptions for the full year 2013 are as follows:

Net sales are expected to grow 1 to 3 percent Currency rates are expected to decrease sales by about 100 basis points

A reconciliation of the 2013 earnings outlook is as follows:


				FY 2013

Diluted earnings per share				$1.54 to $1.60
Restructuring and restructuring-related costs				$0.21 to $0.27

Normalized EPS				$1.78 to $1.84

Newell Rubbermaid Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)



	Three Months Ended December 31,
							YOY
	2012			2011			% Change

Net sales	$	1,518.8		$	1,495.2		1.6	%
Cost of products sold		963.8			938.6

GROSS MARGIN		555.0			556.6		(0.3	)%
% of sales		36.5	%		37.2	%

Selling, general &
administrative expenses		382.6			393.3		(2.7	)%
% of sales		25.2	%		26.3	%

Restructuring costs		18.6			37.8

OPERATING INCOME		153.8			125.5		22.5	%
% of sales		10.1	%		8.4	%

Nonoperating expenses:
Interest expense, net		17.4			21.2
Loss on extinguishment of debt		4.1			-
Other (income) expense, net		(0.2	)		2.7
		21.3			23.9		(10.9	)%

INCOME BEFORE INCOME TAXES		132.5			101.6		30.4	%
% of sales		8.7	%		6.8	%

Income taxes		30.6			19.9		53.8	%
Effective rate		23.1	%		19.6	%

NET INCOME FROM CONTINUING OPERATIONS		101.9			81.7		24.7	%
% of sales		6.7	%		5.5	%

Loss from discontinued operations, net of tax		-			(1.3	)

NET INCOME	$	101.9		$	80.4		26.7	%
		6.7	%		5.4	%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$	0.35		$	0.28
Loss from discontinued operations		-			-
Net income	$	0.35		$	0.28

Diluted
Income from continuing operations	$	0.35		$	0.28
Loss from discontinued operations		-			-
Net income	$	0.35		$	0.27

AVERAGE SHARES OUTSTANDING:
Basic		290.0			292.0
Diluted		293.1			294.4

Newell Rubbermaid Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(in millions, except per share data)



	Twelve Months Ended December 31,
							YOY
	2012			2011			% Change

Net sales	$	5,902.7		$	5,864.6		0.6	%
Cost of products sold		3,673.6			3,659.4

GROSS MARGIN		2,229.1			2,205.2		1.1	%
% of sales		37.8	%		37.6	%

Selling, general &
administrative expenses		1,521.1			1,515.3		0.4	%
% of sales		25.8	%		25.8	%

Impairment charges		-			382.6
Restructuring costs		56.1			50.1

OPERATING INCOME		651.9			257.2		NMF
% of sales		11.0	%		4.4	%

Nonoperating expenses:
Interest expense, net		76.1			86.2
Loss on extinguishments of debt		10.9			4.8
Other (income) expense, net		(1.0	)		13.7
		86.0			104.7		(17.9	)%

INCOME BEFORE INCOME TAXES		565.9			152.5		NMF
% of sales		9.6	%		2.6	%

Income taxes		166.3			17.9		NMF
Effective rate		29.4	%		11.7	%

NET INCOME FROM CONTINUING OPERATIONS		399.6			134.6		NMF
% of sales		6.8	%		2.3	%

Income (loss) from discontinued operations, net of tax		1.7			(9.4	)

NET INCOME	$	401.3		$	125.2		NMF
		6.8	%		2.1	%

EARNINGS PER SHARE:
Basic
Income from continuing operations	$	1.37		$	0.46
Income (loss) from discontinued operations		0.01			(0.03	)
Net income	$	1.38		$	0.43

Diluted
Income from continuing operations	$	1.36		$	0.45
Income (loss) from discontinued operations		0.01			(0.03	)
Net income	$	1.37		$	0.42

AVERAGE SHARES OUTSTANDING:
Basic		291.2			293.6
Diluted		293.6			296.2


NMF = Not meaningful

Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Three Months Ended December 31, 2012
	GAAP Measure		Restructuring			Loss on						Non-GAAP Measure
			and restructuring-			extinguishment			Non-recurring					Percentage
	Reported		related costs (1)			of debt (2)			tax items (3)			Normalized*		of Sales

Cost of products sold	$	963.8	$	(2.6	)	$	-		$	-		$	961.2	63.3	%

Gross margin	$	555.0	$	2.6		$	-		$	-		$	557.6	36.7	%

Selling, general & administrative expenses	$	382.6	$	(2.8	)	$	-		$	-		$	379.8	25.0	%

Operating income	$	153.8	$	24.0		$	-		$	-		$	177.8	11.7	%

Nonoperating expenses	$	21.3	$	-		$	(4.1	)	$	-		$	17.2

Income before income taxes	$	132.5	$	24.0		$	4.1		$	-		$	160.6

Income taxes (4)	$	30.6	$	5.0		$	1.5		$	(3.9	)	$	33.2

Net income	$	101.9	$	19.0		$	2.6		$	3.9		$	127.4

Diluted earnings per share**	$	0.35	$	0.06		$	0.01		$	0.01		$	0.43


	Three Months Ended December 31, 2011
	GAAP Measure		Restructuring									Non-GAAP Measure
			and restructuring-			Discontinued			CEO transition					Percentage
	Reported		related costs (1)			operations (5)			costs (6)			Normalized*		of Sales

Selling, general & administrative expenses	$	393.3	$	(11.6	)	$	-		$	(1.9	)	$	379.8	25.4	%

Operating income	$	125.5	$	49.4		$	-		$	1.9		$	176.8	11.8	%

Income before income taxes	$	101.6	$	49.4		$	-		$	1.9		$	152.9

Income taxes (4)	$	19.9	$	14.2		$	-		$	1.0		$	35.1

Net income from continuing operations	$	81.7	$	35.2		$	-		$	0.9		$	117.8

Net income	$	80.4	$	35.2		$	1.3		$	0.9		$	117.8

Diluted earnings per share**	$	0.27	$	0.12		$	-		$	-		$	0.40


* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.
**Totals may not add due to rounding.

(1) Restructuring and restructuring-related charges during the three months ended December 31, 2012 include $5.4 million of restructuring-related costs and $18.6 million of restructuring costs incurred in connection with the European Transformation Plan and Project Renewal. Restructuring and restructuring-related charges during the three months ended December 31, 2011 include $11.6 million of restructuring-related costs and $37.8 million of restructuring costs incurred in connection with the European Transformation Plan and Project Renewal.

(2) Loss on extinguishment of debt of $4.1 million during the three months ended December 31, 2012 was incurred in connection with the early retirement of the April 2013 Senior Notes.

(3) During the three months ended December 31, 2012, the Company incurred $3.9 million of non-recurring income tax charges resulting from tax contingencies and the expiration of various statutes of limitation.

(4) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.

(5) During the three months ended December 31, 2011, the Company recognized a $1.3 million loss in discontinued operations primarily related to the sale of the hand torch and solder business in July 2011.

(6) The Company incurred incremental costs of $1.9 million during the quarter ended December 31, 2011 associated with its CEO transition.

Newell Rubbermaid Inc.
RECONCILIATION OF GAAP AND NON-GAAP INFORMATION
CERTAIN LINE ITEMS
(in millions, except per share data)

	Twelve Months Ended December 31, 2012
	GAAP Measure		Restructuring			Loss on									Non-GAAP Measure
			and restructuring-			extinguishments			Non-recurring			Discontinued					Percentage
	Reported		related costs (1)			of debt (2)			tax items (3)			operations (4)			Normalized*		of Sales

Cost of products sold	$	3,673.6	$	(2.6	)	$	-		$	-		$	-		$	3,671.0		62.2	%

Gross margin	$	2,229.1	$	2.6		$	-		$	-		$	-		$	2,231.7		37.8	%

Selling, general & administrative expenses	$	1,521.1	$	(31.9	)	$	-		$	-		$	-		$	1,489.2		25.2	%

Operating income	$	651.9	$	90.6		$	-		$	-		$	-		$	742.5		12.6	%

Nonoperating expenses	$	86.0	$	-		$	(10.9	)	$	-		$	-		$	75.1

Income before income taxes	$	565.9	$	90.6		$	10.9		$	-		$	-		$	667.4

Income taxes (5)	$	166.3	$	19.9		$	4.0		$	(23.1	)	$	-		$	167.1

Net income from continuing operations	$	399.6	$	70.7		$	6.9		$	23.1		$	-		$	500.3

Net income	$	401.3	$	70.7		$	6.9		$	23.1		$	(1.7	)	$	500.3

Diluted earnings per share**	$	1.37	$	0.24		$	0.02		$	0.08		$	(0.01	)	$	1.70


	Twelve Months Ended December 31, 2011
	GAAP Measure		Restructuring			Loss on														Non-GAAP Measure
			and restructuring-			extinguishments			Non-recurring			Discontinued			Impairment		CEO transition					Percentage
	Reported		related costs (1)			of debt (2)			tax items (3)			operations (4)			charges (6)		costs (7)			Normalized*		of Sales

Selling, general & administrative expenses	$	1,515.3	$	(37.4	)	$	-		$	-		$	-		$	-	$	(6.3	)	$	1,471.6	25.1	%

Operating income	$	257.2	$	87.5		$	-		$	-		$	-		$	382.6	$	6.3		$	733.6	12.5	%

Nonoperating expenses	$	104.7	$	-		$	(4.8	)	$	-		$	-		$	-	$	-		$	99.9

Income before income taxes	$	152.5	$	87.5		$	4.8		$	-		$	-		$	382.6	$	6.3		$	633.7

Income taxes (5)	$	17.9	$	17.0		$	1.7		$	49.0		$	-		$	76.2	$	1.0		$	162.8

Net income from continuing operations	$	134.6	$	70.5		$	3.1		$	(49.0	)	$	-		$	306.4	$	5.3		$	470.9

Net income	$	125.2	$	70.5		$	3.1		$	(49.0	)	$	9.4		$	306.4	$	5.3		$	470.9

Diluted earnings per share**	$	0.42	$	0.24		$	0.01		$	(0.17	)	$	0.03		$	1.03	$	0.02		$	1.59


* Normalized results are financial measures that are not in accordance with GAAP and exclude the above normalized adjustments. See below for a discussion of each of these adjustments.
**Totals may not add due to rounding.

(1) Restructuring and restructuring-related charges during the twelve months ended December 31, 2012 include $34.5 million of restructuring-related costs and $56.1 million of restructuring costs incurred in connection with the European Transformation Plan and Project Renewal. Restructuring and restructuring-related charges during the twelve months ended December 31, 2011 include $37.4 million of restructuring-related costs and $50.1 million of restructuring costs incurred in connection with the European Transformation Plan and Project Renewal.

(2) Loss on extinguishments of debt of $10.9 million during the twelve months ended December 31, 2012 primarily represents the costs associated with the early retirement of the junior convertible subordinated debentures underlying the quarterly income preferred securities (QUIPS) and the April 2013 Senior Notes. Loss on extinguishments of debt of $4.8 million during the twelve months ended December 31, 2011 represents costs incurred to exchange substantially all of the remaining convertible notes issued during March 2009 for shares and cash.

(3) During the twelve months ended December 31, 2012, the Company incurred $23.1 million of non-recurring income tax charges resulting from tax contingencies and the expiration of various statutes of limitation. During the twelve months ended December 31 2011, the Company recognized $49.0 million of previously unrecognized income tax benefits primarily resulting from the expiration of various statutes of limitation.

(4) During the twelve months ended December 31, 2012 and the twelve months ended December 31, 2011, the Company recognized a $1.7 million gain and $9.4 million loss in discontinued operations, respectively, related to the sale of the hand torch and solder business in July 2011.

(5) The Company determined the tax effect of the items excluded from normalized results by applying the estimated effective rate for the applicable jurisdiction in which the pre-tax items were incurred, and for which realization of the resulting tax benefit, if any, is expected.

(6) During the twelve months ended December 31, 2011, the Company recorded asset impairment charges of $382.6 million primarily related to goodwill impairment for the Baby & Parenting and Hardware businesses.

(7) The Company incurred incremental costs of $6.3 million during the twelve months ended December 31, 2011 associated with its CEO transition.

Newell Rubbermaid Inc.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in millions)

	December 31,		December 31,
Assets:	2012		2011

Cash and cash equivalents	$	183.8	$	170.2
Accounts receivable, net		1,112.4		1,002.0
Inventories, net		696.4		699.9
Deferred income taxes		135.8		130.7
Prepaid expenses and other		142.7		145.2

Total Current Assets		2,271.1		2,148.0

Property, plant and equipment, net		560.2		551.4
Goodwill		2,370.2		2,366.0
Other intangible assets, net		654.1		666.1
Deferred income taxes		85.2		120.2
Other assets		281.2		309.2

Total Assets	$	6,222.0	$	6,160.9

Liabilities and Stockholders' Equity:

Accounts payable	$	527.4	$	468.5
Accrued compensation		173.5		131.4
Other accrued liabilities		658.0		693.5
Short-term debt		210.7		103.6
Current portion of long-term debt		1.2		263.9

Total Current Liabilities		1,570.8		1,660.9

Long-term debt		1,706.5		1,809.3
Other noncurrent liabilities		944.5		838.1

Stockholders' Equity - Parent		1,996.7		1,849.1
Stockholders' Equity - Noncontrolling Interests		3.5		3.5

Total Stockholders' Equity		2,000.2		1,852.6

Total Liabilities and Stockholders' Equity	$	6,222.0	$	6,160.9

Newell Rubbermaid Inc.
CONSOLIDATED STATEMENTS OF CASH FLOW (UNAUDITED)
(in millions)

	Twelve Months Ended December 31,
	2012				2011
Operating Activities:
Net income	$	401.3			$	125.2
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization		163.7				161.6
Impairment charges		-				382.6
Loss on extinguishments of debt		10.9				4.8
(Gain) loss on disposal of discontinued operations		(5.2	)			13.9
Non-cash restructuring costs		0.3				7.0
Deferred income taxes		71.2				(4.8	)
Stock-based compensation expense		32.9				43.0
Other		12.0				11.7
Changes in operating assets and liabilities, excluding the effects of acquisitions and divestitures:
Accounts receivable		(101.2	)			(17.6	)
Inventories		7.7				(21.5	)
Accounts payable		56.3				3.3
Accrued liabilities and other		(31.4	)			(147.9	)
Net cash provided by operating activities	$	618.5			$	561.3

Investing Activities:
Acquisitions and acquisition-related activity	$	(26.5	)		$	(20.0	)
Capital expenditures		(177.2	)			(222.9	)
Proceeds from sales of noncurrent assets		43.5				44.3
Other		(2.8	)			(7.8	)
Net cash used in investing activities	$	(163.0	)		$	(206.4	)

Financing Activities:
Net short-term borrowings	$	106.0			$	(34.4	)
Proceeds from issuance of debt, net of debt issuance costs		841.9				3.3
Payments on and for the settlement of notes payable and debt		(1,203.4	)			(151.0	)
Cash consideration paid to exchange convertible notes		-				(3.1	)
Repurchase and retirement of shares of common stock		(91.5	)			(46.1	)
Cash dividends		(125.9	)			(84.9	)
Excess tax benefits related to stock-based compensation		12.7				-
Other, net		14.2				(8.4	)
Net cash used in financing activities	$	(446.0	)		$	(324.6	)

Currency rate effect on cash and cash equivalents	$	4.1			$	0.3

Increase in cash and cash equivalents	$	13.6			$	30.6
Cash and cash equivalents at beginning of year		170.2				139.6
Cash and cash equivalents at end of year	$	183.8			$	170.2
				%5