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newell BRANDS Newell Brands Announces First Quarter 2021 Results Net Sales Growth 21.3 % ; Core Sales Growth 20.9 % Delivers Significant Operating Profit and Operating Margin Improvement Diluted EPS $ 0.21 ; Normalized Diluted EPS $ 0.30 Raises Net Sales and EPS Outlook for 2021 News Release ATLANTA , GA - April 30 , 2021 Newell Brands ( NASDAQ : NWL ) today announced its first quarter 2021 financial results . " 2021 is off to a terrific start , as top line increased 21 percent , normalized operating profit doubled and earnings per share tripled year - over - year during the first quarter , building on the momentum from the back half of 2020. Each of our business units and geographic regions delivered significant sales growth , fueled by consumption , as our supply chain teams operated with excellence and successfully managed broad - based demand surges , ” said Ravi Saligram , Newell Brands President and CEO . " We are still in the early stages of realizing the full potential of our business and see tremendous opportunity for value creation through focused execution of our strategic priorities , including sustaining top line growth , strengthening our brands through insights and innovation , driving omni - channel prowess , unlocking international potential , and expanding distribution , while serving as a force for good in the world . " Chris Peterson , Chief Financial Officer and President , Business Operations , said , " Significant out performance on top line , in combination with productivity gains and operating leverage , drove outstanding results in the first quarter . We made further progress on deleveraging and reducing our cash conversion cycle relative to year - ago levels . Much stronger than anticipated results thus far in 2021 give us confidence to raise our outlook for the full year both on top and bottom lines , despite additional inflationary pressures . We currently forecast core sales growth of 5 to 7 percent and normalized earnings per share of $ 1.63 to $ 1.73 for full year 2021. " First Quarter 2021 Executive Summary Net sales were $ 2.3 billion , an increase of 21.3 percent compared with the prior year period . Core sales grew 20.9 percent compared with the prior year period . Every business unit and major region increased core sales compared with the prior year period . Reported operating margin was 8.4 percent compared with negative 74.7 percent in the prior year period . Normalized operating margin was 10.1 percent compared with 6.0 percent in the prior year period . Reported diluted earnings per share were $ 0.21 compared with a $ 3.02 diluted loss per share in the prior year period . Normalized diluted earnings per share were $ 0.30 compared with $ 0.09 per share in the prior year period . The company redeemed the remaining $ 94 million of its 3.15 percent senior notes that were scheduled to mature in April 2021 . 6655 Peachtree Dunwoody Road Atlanta , GA 30328 +1 ( 770 ) 418-7000 NASDAQ : NWL www.newellbrands.com