ATLANTA
,
May 16, 2023
(press release)
–
Over the past several months, as previously communicated, the management team has undertaken a refresh of the corporate strategy, encompassing: a comprehensive assessment of where
Management continues to expect a strong rebound in Newell Brands’ cash flow performance in 2023 and remains confident about the cash flow generation potential of the business. The company is deliberately resetting its capital allocation priorities and right-sizing the dividend to fund high-return internal supply chain consolidation investment opportunities, while enabling faster de-leveraging of the balance sheet and providing additional financial flexibility. Today’s update to Newell Brands’ dividend policy is aligned with the broader strategy refresh and management’s recommended capital allocation framework, with the dividend remaining an important priority going forward. The company plans to share additional details about the strategy refresh within the next few months. About
This press release and additional information about
Caution Concerning Forward-Looking Statements Some of the statements in this press release, particularly those relating to future dividends, expected cash flow performance and generation, and the nature of future investments and de-leveraging, are forward-looking statements within the meaning of the
View source version on businesswire.com: https://www.businesswire.com/news/home/20230516005463/en/ Investors: Media: Source:
VP, Investor Relations
+1 (201) 610-6901
sofya.tsinis@newellco.com
Chief Communications Officer
+1 (470) 580-1086
beth.stellato@newellco.com
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