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Newell Brands Boosts 2nd-Quarter Sales Climb 28%

Newell Brands, parent company of Rubbermaid Commercial Products (RCP), has reported second-quarter net sales of US$2.7 billion, up 28.3% from the same quarter last year.

Newell’s normalized net income rose to $239 million, or $0.56 per share, up from $127 million, or $0.30 per share, a year earlier. The company’s commercial solutions division posted net sales of $493 million, a jump of 16.6% from $413 million in the prior year. Newell attributed the rise in sales to an increase in core sales by its commercial and connected home and security business segments.

About Rubbermaid Commercial Products
Headquartered in Winchester, Virginia, Rubbermaid Commercial Products is a manufacturer of products for commercial and institutional markets worldwide. For more information, visit www.rubbermaidcommercial.com.