Newell Brands Inc. Files 2023 Annual Report on Form 10-K
Ticker: NWL · Form: 10-K · Filed: Feb 21, 2024 · CIK: 814453
Sentiment: neutral
Topics: 10-K, Annual Report, Newell Brands, Financials, SEC Filing
TL;DR
<b>Newell Brands Inc. has filed its 2023 10-K annual report detailing its financial performance and corporate information.</b>
AI Summary
NEWELL BRANDS INC. (NWL) filed a Annual Report (10-K) with the SEC on February 21, 2024. Newell Brands Inc. filed its annual report for the fiscal year ending December 31, 2023. The filing is a Form 10-K, providing a comprehensive overview of the company's financial performance and condition. The company's principal executive offices are located at 6655 Peachtree Dunwoody Road, Atlanta, GA. Newell Brands Inc. was formerly known as Newell Rubbermaid Inc. before a name change in 1999. The filing includes detailed financial statements and disclosures as required by the Securities and Exchange Commission.
Why It Matters
For investors and stakeholders tracking NEWELL BRANDS INC., this filing contains several important signals. This 10-K filing provides investors with the most up-to-date, audited financial data for Newell Brands Inc., crucial for assessing its performance and making investment decisions. Understanding the company's historical financial data, including changes in equity and debt over the past few years, is essential for evaluating its financial health and strategic direction.
Risk Assessment
Risk Level: medium — NEWELL BRANDS INC. shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains a broad range of information including financial statements, risk factors, and management discussion, indicating a medium level of risk associated with understanding the company's overall position.
Analyst Insight
Review the detailed financial statements and risk factors within the 10-K to assess Newell Brands' financial health and identify potential investment risks and opportunities.
Key Numbers
- 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
- 2024-02-21 — Filing Date (FILED AS OF DATE)
- 134 — Public Document Count (PUBLIC DOCUMENT COUNT)
- 3089 — Standard Industrial Classification (STANDARD INDUSTRIAL CLASSIFICATION)
Key Players & Entities
- NEWELL BRANDS INC. (company) — COMPANY CONFORMED NAME
- NWL (company) — Ticker Symbol
- 2024-02-21 (date) — FILED AS OF DATE
- 2023-12-31 (date) — CONFORMED PERIOD OF REPORT
- 6655 PEACHTREE DUNWOODY ROAD (address) — BUSINESS ADDRESS STREET 1
- ATLANTA (location) — BUSINESS ADDRESS CITY
- GA (location) — BUSINESS ADDRESS STATE
- 30328 (postal_code) — BUSINESS ADDRESS ZIP
FAQ
When did NEWELL BRANDS INC. file this 10-K?
NEWELL BRANDS INC. filed this Annual Report (10-K) with the SEC on February 21, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by NEWELL BRANDS INC. (NWL).
Where can I read the original 10-K filing from NEWELL BRANDS INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by NEWELL BRANDS INC..
What are the key takeaways from NEWELL BRANDS INC.'s 10-K?
NEWELL BRANDS INC. filed this 10-K on February 21, 2024. Key takeaways: Newell Brands Inc. filed its annual report for the fiscal year ending December 31, 2023.. The filing is a Form 10-K, providing a comprehensive overview of the company's financial performance and condition.. The company's principal executive offices are located at 6655 Peachtree Dunwoody Road, Atlanta, GA..
Is NEWELL BRANDS INC. a risky investment based on this filing?
Based on this 10-K, NEWELL BRANDS INC. presents a moderate-risk profile. The filing is a standard 10-K, which typically contains a broad range of information including financial statements, risk factors, and management discussion, indicating a medium level of risk associated with understanding the company's overall position.
What should investors do after reading NEWELL BRANDS INC.'s 10-K?
Review the detailed financial statements and risk factors within the 10-K to assess Newell Brands' financial health and identify potential investment risks and opportunities. The overall sentiment from this filing is neutral.
How does NEWELL BRANDS INC. compare to its industry peers?
Newell Brands Inc. operates within the Plastics Products, NEC industry (SIC 3089), a sector that encompasses a wide range of plastic product manufacturing.
Are there regulatory concerns for NEWELL BRANDS INC.?
The filing adheres to the requirements of the Securities Act of 1934, ensuring compliance with SEC regulations for public companies.
Industry Context
Newell Brands Inc. operates within the Plastics Products, NEC industry (SIC 3089), a sector that encompasses a wide range of plastic product manufacturing.
Regulatory Implications
The filing adheres to the requirements of the Securities Act of 1934, ensuring compliance with SEC regulations for public companies.
What Investors Should Do
- Analyze the financial statements for revenue trends, profitability, and cash flow.
- Review the risk factors section for potential challenges and uncertainties facing the company.
- Examine management's discussion and analysis for insights into strategic initiatives and outlook.
Key Dates
- 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
- 2024-02-21: Filing Date — Date the 10-K was officially filed with the SEC.
Year-Over-Year Comparison
This filing represents the annual 10-K for the fiscal year 2023, providing a year-over-year comparison point for financial performance and operational status.
Filing Stats: 4,206 words · 17 min read · ~14 pages · Grade level 17.2 · Accepted 2024-02-20 18:02:20
Key Financial Figures
- $1 — ANGE ON WHICH REGISTERED Common Stock, $1 par value per share NWL Nasdaq Stock Ma
Filing Documents
- nwl-20231231.htm (10-K) — 2779KB
- exhibit41-descriptionofthe.htm (EX-4.1) — 27KB
- exhibit1063-esatrustrestat.htm (EX-10.63) — 125KB
- exhibit211-subsidiariesoft.htm (EX-21.1) — 141KB
- exhibit231-consentofpricew.htm (EX-23.1) — 3KB
- exhibit311-ceocertificatio.htm (EX-31.1) — 11KB
- exhibit312-cfocertificatio.htm (EX-31.2) — 11KB
- exhibit321-ceocertificatio.htm (EX-32.1) — 5KB
- exhibit322-cfocertificatio.htm (EX-32.2) — 5KB
- exhibit971-executivecompen.htm (EX-97.1) — 25KB
- nwl-20231231_g1.gif (GRAPHIC) — 1KB
- nwl-20231231_g2.jpg (GRAPHIC) — 120KB
- 0000814453-24-000017.txt ( ) — 16421KB
- nwl-20231231.xsd (EX-101.SCH) — 93KB
- nwl-20231231_cal.xml (EX-101.CAL) — 132KB
- nwl-20231231_def.xml (EX-101.DEF) — 513KB
- nwl-20231231_lab.xml (EX-101.LAB) — 1251KB
- nwl-20231231_pre.xml (EX-101.PRE) — 870KB
- nwl-20231231_htm.xml (XML) — 3023KB
RISK FACTORS
ITEM 1A. RISK FACTORS 6
UNRESOLVED STAFF COMMENTS
ITEM 1B. UNRESOLVED STAFF COMMENTS 19
CYBERSECURITY
ITEM 1C. CYBERSECURITY 20
PROPERTIES
ITEM 2. PROPERTIES 21
LEGAL PROCEEDINGS
ITEM 3. LEGAL PROCEEDINGS 21
MINE SAFETY DISCLOSURES
ITEM 4. MINE SAFETY DISCLOSURES 21 SUPPLEMENTARY ITEM — EXECUTIVE OFFICERS OF THE REGISTRANT 22 PART II 24
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 24
RESERVED
ITEM 6. RESERVED 25
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 25
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 45
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 46
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 91
CONTROLS AND PROCEDURES
ITEM 9A. CONTROLS AND PROCEDURES 91
OTHER INFORMATION
ITEM 9B. OTHER INFORMATION 92
DISCLOSURES REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
ITEM 9C. DISCLOSURES REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 92 PART III 92
DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 92
EXECUTIVE COMPENSATION
ITEM 11. EXECUTIVE COMPENSATION 93
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 93
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 93
PRINCIPAL ACCOUNTING FEES AND SERVICES
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 93 PART IV 94
EXHIBITS, FINANCIAL STATEMENT SCHEDULES
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 94
FORM 10-K SUMMARY
ITEM 16. FORM 10-K SUMMARY 99
BUSINESS
ITEM 1. BUSINESS "Newell Brands" or the "Company" refers to Newell Brands Inc. alone or with its wholly owned subsidiaries, as the context requires. When this report uses the words "we," "us" or "our," it refers to the Company and its subsidiaries unless the context otherwise requires. The Company was founded in Ogdensburg, New York in 1903 and is incorporated in Delaware. Website Access to Securities and Exchange Commission Reports The Company makes available free of charge on or through its website its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") as soon as practicable after the Company files them with, or furnishes them to, the U.S. Securities and Exchange Commission ("SEC"). The Company's website can be found at www.newellbrands.com . The information on the Company's website is not incorporated by reference into this Annual report on Form 10-K. GENERAL Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer's, Oster, NUK, Spontex and Campingaz. Newell Brands is focused on delighting consumers by lighting up everyday moments. The Company sells its products in over 150 countries around the world and has operations on the ground in over 40 of these countries, excluding third-party distributors. BUSINESS STRATEGY Following a comprehensive assessment of key capabilities, starting in the second quarter of 2023, the leadership team began implementing an integrated set of new "where to play" and "how to win" strategies designed to enable the Company to leverage the scale of the portfolio, while further building upon its operational foundation and strengthening its front-end capabilities.