We are very proud to have finished the year with a strong set of fourth quarter results. The sustained momentum in our Win Bigger businesses and the return to growth in Baby gives us confidence to raise our 2015 full year guidance on core sales growth to 3.5 percent to 4.5 percent. — Michael Polk, President and Chief Executive Officer #NWLQ414 Q4 EARNINGS NET SALES Q4 Financial Highlights $1.53B +3.3% +70bps +120bps $0.49 CORE SALES GROWTH NORMALIZED GROSS MARGIN Net sales grew 4.1 percent, despite a 320 basis point adverse impact from currency. NORMALIZED driven by positive mix and productivity. This funded a 60 basis point increase in advertising and promotion. $291M OPERATING INCOME MARGIN NORMALIZED EARNINGS PER SHARE due to continued progress on overheads related to Project Renewal. a 6.5 percent increase despite significantly increased advertising investment. R E T U R N E D $147M OPERATING CASH FLOW in dividends and stock repurchase TO SHAREHOLDERS Global Growth: REGIONAL HIGHLIGHTS NA +2.7% EMEA +3.2% APAC +8.2% LATAM +16.5%* +4.7% *adjusted for SAP timing TOTAL INTERNATIONAL (OUTSIDE NORTH AMERICA) Q4 CORE SALES GROWTH Q4 Highlights Our “WIN BIGGER” businesses continue to GROW: COMMERCIAL TOOLS WRITING CORE SALES GREW PRODUCTS CORE SALES GREW +5.7% CORE SALES GREW +7.5% driven by market share growth in most geographies as a result of strong innovation, advertising, and marketing programs. +6.7% driven by strong volume growth on Irwin in Europe and Asia Pacific and very good growth of Lenox in North America. as a result of strong innovation and volume growth in the US, Brazil and China. Q4 NET SALES BABY & PARENTING Returns to Growth The global Baby business returned to growth in the fourth quarter with growth outside of EMEA of over 3 percent. Baby & Parenting $208.9M Writing $418.2M Commercial Products $213.0M Tools $227.3M HOME SOLUTIONS Net Sales Growth Home Solutions $458.6M Our newly acquired brands delivered terrific year over year growth and enabled Home Solutions net sales growth of 10.8 percent. We continue to make STRATEGIC CHOICES designed to strengthen our portfolio, increase our rate of growth and improve our operating margins, while simultaneously passing value back to our shareholders. Completed ACQUISITIONS of BABY JOGGER Holdings, Inc. and BUBBA BRANDS Q3 Completed Acquisition & ® Innovation Winning Capabilities Global Expansion COMPLEX TY EXTENDED Procurement Supply Chain Overhead PROJECT RENEWAL RE NVESTING to generate an incremental $200M of annualized savings by the end of 2017 Announced our intention to EXIT OUTLETS ELECTRICS our Calphalon Outlet stores, Calphalon Electrics business and Endicia online postage business in order to focus our resources on the parts of our portfolio that have the greatest growth potential. NWL SHARE REPURCHASE Announced our decision to INCREASE and EXTEND our open market share repurchase authorization by an additional $500M through 2017 Year-End Financial Highlights NET SALES $5.73B ALL-TIME HIGH +3.0% +90bps +40bps $2.00 CORE SALES GROWTH despite exiting $25 million of EMEA business representing over 40 basis points of global core sales growth. NORMALIZED GROSS MARGIN driven by productivity, favorable mix and pricing. $634M OPERATING CASH FLOW NORMALIZED OPERATING INCOME MARGIN driven by pricing, productivity and favorable mix, partially offset by adverse foreign currency and a significant increase in advertising. R E T U R N E D $546M TO SHAREHOLDERS NORMALIZED EARNINGS PER SHARE compared with $1.82 per diluted share in the prior year, an increase of 9.9%. in dividends and stock repurchase LATIN AMERICA GROWTH enabled by European Tranformation +22.6% 2014 Core Growth in Latin America of +22.6%, fueled by EMEA margin transformation to parity with North America. These are strong, competitive results. And we have delivered them while simultaneously driving change. We are proud of our progress, but more importantly we are excited by the future. We are on track to both strengthen the company and create bigger value for shareholders. That’s the power of the Growth Game Plan. — Michael Polk, President and Chief Executive Officer For more information visit www.ir.newellrubbermaid.com For full financial data and non-GAAP reconciliations, please refer to Newell Rubbermaid’s Q4 2014 earnings release issued on January 30, 2015, available at www.ir.newellrubbermaid.com. #NWLQ414
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