NWL earnings analysis
What we found in NWL's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Newell Brands reported Q1 2026 results with revenues of $1.55 billion, slightly exceeding consensus estimates of $1.51 billion. The company achieved a diluted EPS loss of $0.05, an improvement from an estimated loss of $0.09. The outlook for full-year 2026 was raised due to positive performance in this quarter.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeds Expectations
- Actual revenue of $1.55 billion beat the consensus estimate of $1.51 billion by 2.4%.
- Improvement in EPS
- Reported diluted EPS loss of $0.05 improved from a consensus estimate of a loss of $0.09.
- Gross Margin Growth
- Gross margin increased to 33.1%, up from 32.1% in the prior year, reflecting positive net pricing actions.
- Operating Income Growth
- Operating income rose to $34 million from $21 million year-over-year, a 61.9% improvement.
- Decrease in Inventory
- Cash used in operating activities improved by $20 million to $233 million in Q1 2026.
- Strengthened Balance Sheet
- Cash and cash equivalents increased by $23 million, totaling approximately $201 million as of March 31, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Interest Expense
- Interest expense increased to $84 million in Q1 2026 from $72 million, a 16.7% rise due to higher interest rates.
- Weak Demand in H&CS Segment
- Net sales in the Home and Commercial Solutions segment decreased by 3.9%, reflecting soft demand and unfavorable order timing.
- Increased Advertising Costs
- Advertising and promotion spending increased by $5 million, impacting overall profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.05
- Gross margin
- 33.1%
- Operating margin
- 2.2%
- Segment
- Home and Commercial Solutions: $780M (down 3.9%)
- Segment
- Learning and Development: $594M (up 3.8%)
- Segment
- Outdoor and Recreation: $175M (down 3.8%)
What they said about what is next.
Full-year 2026 outlook raised for net sales and normalized EPS due to positive Q1 performance.
The filing reads better than the one before it.
What came before.
- 10-K · February 13, 2026
- Newell Brands continues executing a multi-year turnaround: Realignment Plan actions were implemented by the end of fiscal 2025 and a December 2025 Productivity Plan (to reduce the global workforce by over 900 employees)…
- 10-Q · August 1, 2025
- Newell Brands reported Q2 net sales of $1,935 million, down $98 million versus Q2 2024 ($2,033 million), while gross margin expanded to 35.4% and operating income rose to $171 million from $163 million. Diluted EPS was…
- 10-Q · April 30, 2025
- Newell reported Q1 net sales of $1,566 million (down $87 million vs. Q1 2024's $1,653 million) and a GAAP net loss of $37 million (diluted loss per share $(0.09)). Operating income improved modestly to $21 million from…
- 10-K · February 21, 2024
- Newell Brands is mid-transformation: management began implementing a new “where to play / how to win” strategy starting in the second quarter of 2023 and is executing multiple supply‑chain and organizational programs…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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