Tag Archives: Michael Polk

Newell Rubbermaid Q3 Sales Edge Up

Newell Rubbermaid

ATLANTA-Newell Rubbermaid posted net sales of $1.5 billion in its fiscal third quarter, up 1.3 percent from last year’s third quarter, in what President and CEO Michael Polk characterized as a “solid” performance. Net income in the quarter, which ended on Sept. 30, fell 36.7 percent to $122.3 million. Last year’s third quarter included netMore »

Last updated: October 31, 2014

Newell Completes bubba Acquisition

Newell Rubbermaid

ATLANTA-Newell Rubbermaid (NYSE: NWL) has closed its acquisition of bubba brands, the drinkware manufacturer that had been owned by In Zone Holdings. The purchase price was $83 million. bubba brands is expected to deliver more than $50 million in net sales this year. Michael Polk, Newell’s president and CEO, said, “We look forward to leveragingMore »

Last updated: October 23, 2014

Newell Rubbermaid to Acquire Beverageware Maker Bubba

Newell Rubbermaid

ATLANTA–Newell Rubbermaid (NYSE:NWL) has signed a definitive agreement to acquire bubba brands, maker of durable beverage containers. Terms of the agreement were not disclosed. The acquisition will expand Newell Rubbermaid’s presence in on-the-go thermal and hydration beverageware. The company recently acquired the Contigo and Avex brands from Ignite Holdings, maker of thermal and hydration products.More »

Last updated: October 17, 2014

Newell Rubbermaid Q2 Net Climbs 37.2 Percent

Newell Rubbermaid

ATLANTA-In what Michael Polk, president and CEO, described as “very strong second-quarter results across all key metrics,” Newell Rubbermaid posted second-quarter net income of $150.6 million, up 37.2 percent from the second quarter of last year. Net sales in the quarter, which ended on June 30, gained 3.1 percent to finish at $1.5 billion. TheMore »

Last updated: July 31, 2014

Newell Rubbermaid Debuts Design Center

Newell Rubbermaid

ATLANTA-Newell Rubbermaid has opened a design center in Kalamazoo, Mich., in its effort to present itself as a design- and innovation-led company. The 40,000-square-foot facility includes a studio space in which designers can use software tools, immersion laboratories for each of the company’s business segments and a usability laboratory, in which the company’s recently createdMore »

Last updated: May 21, 2014

Newell Rubbermaid Q1 Net Slips 2.4 Percent

Newell Rubbermaid

ATLANTA-Weak sales of home products and higher costs both played a part in reducing Newell Rubbermaid’s first-quarter profit and sales. Net income in the quarter, which ended on March 31, fell 2.4 percent to $52.9 million. Net sales were down 0.7 percent to $1.2 billion. Sales in Newell’s Home Solutions segment were down 5.2 percent,More »

Last updated: May 2, 2014

Newell Rubbermaid Drives to Double-Digit Net Gains for Q4, Fiscal Year

Newell Rubbermaid

ATLANTA-Strong sales in its core products along with cost savings from its Project Renewal initiative fueled Newell Rubbermaid to double-digit increases in net income for its fourth quarter and fiscal year, which ended on Dec. 31. Net income for the quarter rose 15.1 percent to $117.3 million, while for the year net income reached $474.6More »

Last updated: January 31, 2014

Newell Rubbermaid Net Slips in Q2

Newell Rubbermaid

ATLANTA-Although Newell Rubbermaid’s second-quarter net income was down 1.8 percent, Michael Polk, president and CEO, termed it “another quarter of steady progress.” Polk cited the company’s growth in both sales and earnings per share. Net sales increased 3.5 percent to $1.5 billion, and earnings per share rose 11.1 percent. Total net income was $109.8 million,More »

Last updated: July 29, 2013