Newell Brands sees FY24 normalized EPS 52c-62c, consensus 77c

Sees FY24 revenue down 5%-8%, consensus $7.69B. Sees FY24 normalized operating margin 7.8%-8.2%. The company said, “The company initiated its outlook for full year 2024 operating cash flow of $400 million to $500 million, including approximately $150 million to $200 million in cash payments associated with restructuring and related initiatives.”