Newell Rubbermaid Q2 Profit Decreases - Quick Facts

(RTTNews) - Newell Rubbermaid (NWL) reported second-quarter net income of $109.8 million, or $0.37 per share, compared to $111.8 million, or $0.38 per share, in the prior year.

Normalized net income was $147.1 million, compared to normalized results of $131.8 million in the prior year. Normalized earnings per share of $0.50 compared to $0.45, last year.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit of $0.49 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.47 billion, a 3.5 percent increase versus prior year results. Core sales grew 4.5 percent. Analysts expected revenue of $1.47 billion for the quarter.

The company reiterated its full year 2013 guidance for core sales growth, and raised the lower end of its full year normalized EPS guidance range by $0.02 per share. For the full year 2013, the company expects core sales increase of 2 to 4 percent; and normalized EPS of $1.80 to $1.84. Analysts expect the company to report full year 2013 profit per share of $1.82 on revenue of $5.73 billion.