Consumer goods company Newell Brands Inc. (NASDAQ: NWL) Friday reported a decrease in sales and adjusted earnings for the third quarter of 2024.
Third-quarter net sales decreased 5% to $1.95 billion from the prior year period; core sales declined 1.7%The company reported a net loss of $198 million for the September quarter, compared to a loss of $218 million in the prior year periodOn a per-share basis, Q3 loss was $0.48, compared to a loss of $0.53 per share in the same period last yearOn an adjusted basis, the normalized profit was $69 million in Q3, vs. $154 million last year; normalized EBITDA increased to $250 million from $218 million in Q3 2023Normalized earnings per share decreased to $0.16 during the three months from $0.37 per share last yearYear-to-date operating cash flow was $346 million, compared to $679 million in the prior year periodFor fiscal 2024, the management expects net sales to drop 7-6%
The post Earnings Summary: A snapshot of Newell Brands’ Q3 2024 financial results first appeared on AlphaStreet.
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