Newell Rubbermaid To Confirm FY13 Targets - Quick Facts

(RTTNews) - Consumer and commercial products company Newell Rubbermaid, Inc. (NWL) said it would reiterate its fiscal 2013 outlook at the Barclays Capital Back-to-School Consumer Conference.

The company's forecast for 2013 core sales growth of two to four percent, normalized operating margin improvement of up to 20 basis points and normalized earnings per share of between $1.80 and $1.84 remains unchanged. On average, 14 analysts polled by Thomson Reuters expect earnings per share of $1.82 for the year. Analysts' estimates typically exclude one-time items.

Full-year operating cash flow outlook is still projected to range between $575 and $625 million, including nearly $90 million - $110 million in restructuring and restructuring related cash payments.

Newell Rubbermaid's President and Chief Executive stated, "On our second quarter earnings call we laid out several factors that could influence where our results will fall within our full year guidance range, including our Writing segment's performance during the back to school season and the success of new product and marketing initiatives in Tools. All of these initiatives are on track."