Newell Brands Has Steady Sales

Newell Brands had net sales of $3.7 billion for the fourth quarter of 2020, an increase of 2.5 per cent compared to net sales in the fourth quarter of 2019. Operating margin for the quarter was 9.2 per cent compared to five per cent in the prior-year period. Gross margin was 32.9 per cent compared to 32.5 per cent. Net income was $238 million compared to $180 million in the prior year period. Sales for the appliances and cookware segment were essentially flat at $577 million for the fourth quarter compared to last year; sales for the commercial solutions segment were $498 million compared to $436 million; and sales for the home solutions segment were $695 million compared to $648 million.