By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Investing > Rubbermaid parent Newell Brands stock falls 3% after company unveils restructuring plan
Investing

Rubbermaid parent Newell Brands stock falls 3% after company unveils restructuring plan

News Room
Last updated: 2023/05/27 at 2:34 PM
By News Room
Share
1 Min Read
SHARE

Shares of Newell Brands Inc.
NWL,
+3.19%
dropped more than 3% in the extended session Friday after the consumer products company behind brands such as Rubbermaid and Elmer glue said it was embarking on a restructuring and savings plan intended to “streamline” its North American distribution network. The goal is to improve the company’s cost structure, Newell Brands said. The plan will be “substantially” completed by the end of fiscal 2024, and includes goals such as reducing the number of distribution centers and automation investments. Newell said it expects to realize annual pre-tax cost savings between $25 million and $35 million by the time the plan is in place. It will incur in about $37 million to $49 million in restructuring and restructuring-related charges, however. That includes charges related to severance payments and to reducing its footprint. Newell also said it expects to incur in $30 million to $40 million in capital expenditures related to the project. Shares of Newell ended the regular trading day up 3.2%.

Read the full article here

News Room May 27, 2023 May 27, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
How one of the gravest security lapses in history was kept secret

It was a lawsuit unlike any other. On August 25, 2023, just…

BlackRock inflows hit after big client withdraws $52bn

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Trump is flunking his Epstein test

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

US inflation reaches 2.7% as Trump tariffs hit

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

The British state’s battle to contain the fallout from catastrophic Afghan data leak

Rarely has an email created such danger — or carried so high…

- Advertisement -
Ad imageAd image

You Might Also Like

Investing

Nursing Home Stocks Could Suffer from this Medicaid Spending Remedy

By News Room
Investing

Bitcoin Drops Below $90,000 Again. What Could Move It Next.

By News Room
Investing

These Stocks Are Moving the Most Today: Marvell, Nvidia, Broadcom, GM, Tesla, MongoDB, Burlington, and More

By News Room
Investing

Nvidia Stock Falls as Marvell Earnings Compound AI Gloom. The Rising Risks for Chips.

By News Room
Investing

This analyst says Tesla deliveries will be 16% below expectations. Musk is part of the problem.

By News Room
Investing

BP CEO was awarded no bonus pay from oil giant’s financial performance

By News Room
Investing

Shares of Starlink’s European competitor have tripled. CEO says it can do the job in Ukraine.

By News Room
Investing

GE Vernova Stock Rises as Analyst Flips to Upgrade After Rating Cut

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?