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newell BRANDS Newell Brands Announces Second Quarter 2021 Results Net Sales Growth 28.3 % ; Core Sales Growth 25.4 % Reports Significant Operating Profit and Operating Margin Improvement Diluted EPS $ 0.46 ; Normalized Diluted EPS $ 0.56 Updates 2021 Full Year Outlook ATLANTA , GA July 30 , 2021 quarter 2021 financial results . News Release Newell Brands ( NASDAQ : NWL ) today announced its second " We delivered outstanding top and bottom line results during the second quarter and first half of 2021 , both relative to the year - ago period as well as 2019 , as the power of our strategic vision and turnaround has been brought to life through strong and agile execution in a dynamic environment . Top line growth of 28 percent was broad based , with strong growth across every business unit and geographic region . Normalized operating profit and earnings per share also increased at a strong double - digit rate , " said Ravi Saligram , Newell Brands President and CEO . " We remain laser focused on driving operational excellence throughout the organization and our teams have rallied to address short - term challenges surrounding extraordinary inflationary and supply chain pressures . We are pleased with the significant progress we have achieved on our strategic and financial agenda and we believe there is significant opportunity ahead of us for further value creation . " Chris Peterson , Chief Financial Officer and President , Business Operations , said , " Second quarter results exceeded our expectations across key financial metrics , including top line , operating margin , cash conversion cycle , and leverage ratio . We are updating our full year 2021 outlook to account for stronger than expected demand , higher productivity savings , as well as an unprecedented escalation in inflation . We now expect core sales to increase 7 to 10 percent in 2021 , while our normalized earnings per share outlook remains unchanged at $ 1.63 to $ 1.73 . " Second Quarter 2021 Executive Summary Net sales were $ 2.7 billion , a 28.3 percent increase compared with the prior year period , during which the company experienced a significant business disruption from the COVID - 19 pandemic . Core sales grew 25.4 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 11.3 percent compared with 7.7 percent in the prior year period . Normalized operating margin was 12.6 percent compared with 10.2 percent in the prior year period . Reported diluted earnings per share were $ 0.46 compared with $ 0.18 per share in the prior year period . Normalized diluted earnings per share were $ 0.56 compared with $ 0.30 per share in the prior year period . 6655 Peachtree Dunwoody Road Atlanta , GA 30328 +1 ( 770 ) 418-7000 The company's leverage ratio improved to 3.1x at the end of the second quarter from 4.6x in the prior year period and 3.5x at the end of 2020 . NASDAQ : NWL www.newellbrands.com