Newell Brands to Resume Stock Repurchase Program
Newell Brands Inc. (NYSE:NWL) today announced that it is reinstating its Stock Repurchase Program that the company voluntarily
suspended in the fourth quarter of 2015, in association with the Jarden transaction. Under the current authorization, which is
effective through the end of 2017, approximately $256 million of the original $500 million is available for the repurchase of the
company’s common shares. Under the program, the company's common shares may be purchased through a combination of a 10b5-1
automatic trading plan and discretionary purchases on the open market or in privately negotiated transactions. The amount and
timing of any purchases will depend on several factors, including trading price, trading volume and general market conditions.
Newell Brands is ahead of its original schedule to deleverage the company and is on track to achieve its leverage ratio target
of 3.0 to 3.5 times in 2018.
About Newell Brands
Newell Brands (NYSE: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including
Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer’s®, Coleman®, Jostens®, Marmot®, Rawlings®, Oster®, Sunbeam®, FoodSaver®, Mr.
Coffee®, Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Rubbermaid®, Contigo®, First Alert®, Waddington
and Yankee Candle®. For hundreds of millions of consumers, Newell Brands makes life better every day, where they live, learn, work
and play.
This press release and additional information about Newell Brands are available on the company’s website, www.newellbrands.com.
Forward-Looking Statements
Statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking
statements may include, but are not limited to, statements about goals and objectives for stock repurchases or future leverage
ratios, or the assumptions relating to any of the forward-looking statements. These statements generally are accompanied by words
such as “intend,” “will,” or similar statements. Actual results could differ materially from those expressed or implied in the
forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the
forward-looking statements include, but are not limited to, our dependence on the strength of retail, commercial and industrial
sectors of the economy in light of the continuation of challenging economic conditions; competition with other manufacturers and
distributors of consumer products; major retailers’ strong bargaining power and consolidation of our customers; our ability to
improve productivity, reduce complexity and streamline operations; our ability to develop innovative new products and to develop,
maintain and strengthen our end-user brands, including the ability to realize anticipated benefits of increased advertising and
promotion spend; risks related to the substantial indebtedness that we have incurred in connection with the Jarden acquisition;
risks related to a potential increase in interest rates; our ability to complete planned acquisitions and divestitures;
difficulties integrating Jarden and other acquisitions; changes in the prices and availability of raw materials and sourced
products; the risks inherent in our foreign operations, including currency fluctuations, exchange controls and pricing
restrictions; a failure of one of our key information technology systems or related controls; the potential inability to attract,
retain and motivate key employees; the imposition of tax liabilities greater than our provisions for such matters; product
liability, product recalls or regulatory actions; changes to our credit ratings; and those factors listed in our filings with the
Securities and Exchange Commission (including the information set forth under the caption “Risk Factors” in the Company’s Annual
Report on Form 10-K). Changes in such assumptions or factors could produce significantly different results. The information
contained in this news release is as of the date indicated. The company assumes no obligation to update any forward-looking
statements contained in this news release as a result of new information or future events or developments.
Newell Brands
Investors:
Nancy O’Donnell, +1 (770) 418-7723
SVP, Investor and External Relations
nancy.odonnell@newellco.com
or
Media:
Michael Sinatra, +1 (201) 610-6717
Director, External Communications
michael.sinatra@newellco.com
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