Operator: Good morning, and welcome to Newell Brands’ First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Writing and Commercial were two of Newell’s three business units that returned to core growth in the first quarter of 2024. Following steep top-line declines at Newell in the past few quarters, total company sales in the first three months of 2024 were $1.65 billion. This was a reported decrease of 8.4%, adjusted to -4.7%
Turnaround Gains Momentum As Sales Improve Sequentially
Gross and Operating Margin Expand Significantly Versus Prior Year
Operating Cash Flow Increases Versus Prior Year
Affirms Outlook for Full Year.