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Newell Brands Reports 3rd-Quarter Sales Increase

Newell Brands, parent company of Rubbermaid Commercial Products, has reported third-quarter net sales of US$2.8 billion, up 3.3% from the same quarter last year.

Newell’s normalized net income rose to $231 million, or $0.54per share, down from $356 million, or $0.84 per share, a year earlier. The company’s commercial solutions division posted net sales of $486 million, a decline of 9.2% from $535 million in the prior year. Newell attributed the dip in sales to shifts in consumer demand from the ongoing COVID-19 pandemic and elevated prior year results.

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.