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Newell Rubbermaid Updates Segment Reporting

    ATLANTA, Jan. 29, 2007 /PRNewswire-FirstCall/ -- Newell Rubbermaid Inc.
(NYSE: NWL) today announced that it will report results in the following
four business segments: Cleaning, Organization & Decor, Office Products,
Tools & Hardware and Home & Family. The Cleaning, Organization & Decor
segment now reflects the combination of the previously reported Cleaning &
Organization and Home Fashions segments. Following the divestiture of the
Home Decor Europe business, the company completed a review of its public
reporting segments and combined these two segments as they sell to similar
major customers, produce products that are used in and around the home and
leverage the same management structure.
    The Cleaning, Organization & Decor and Tools & Hardware segments will
continue to be led by Group President James J. Roberts.
    The segment reporting schedules are attached and can also be found on
the Investor Relations section of the company's Web site at
http://www.newellrubbermaid.com.
    About the Company
    Newell Rubbermaid Inc. is a global marketer of consumer and commercial
products with sales of approximately $6 billion and a strong portfolio of
brands, including Sharpie(R), Paper Mate(R), DYMO(R), EXPO(R), Waterman(R),
Parker(R), Rolodex(R), IRWIN(R), LENOX(R), BernzOmatic(R), Rubbermaid(R),
Graco(R), Calphalon(R) and Goody(R). The company is headquartered in
Atlanta, Ga., and has approximately 23,500 employees worldwide.
    This press release and additional information about the company are
available on the company's Web site, http://www.newellrubbermaid.com.
    NWL-EA



    Newell Rubbermaid Inc.
    2004 - Q3 2006 Proforma Quarterly Segment Sales and Operating Income
    Restatement to Combine North American Home Fashions business with Cleaning
    & Organization segment
    January 29, 2007

    The Company has updated its segment reporting to combine the North
    American Home Fashions business with the Cleaning & Organization segment,
    now called Cleaning, Organization & Decor.


              2006                                       Q1
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $449.7     $38.4    -      $38.4   8.5%
    Office Products                    390.8      32.3    -       32.3   8.3%
    Tools & Hardware                   276.8      33.1    -       33.1  12.0%
    Other                              225.3      32.7    -       32.7  14.5%
    Corporate                            -       (17.6)   -      (17.6)
    Impairment                           -         -      -        -
    Restructuring                        -        (9.1)   9.1      -
    Continuing Operations            1,342.6     109.8    9.1    118.9   8.9%


              2006                                       Q2
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $509.9     $57.3    -      $57.3  11.2%
    Office Products                    579.1      99.9    -       99.9  17.3%
    Tools & Hardware                   328.8      53.8    -       53.8  16.4%
    Other                              216.3      29.8    -       29.8  13.8%
    Corporate                            -       (20.0)   -      (20.0)
    Impairment                           -         -      -        -
    Restructuring                        -       (19.1)  19.1      -
    Continuing Operations            1,634.1     201.7   19.1    220.8  13.5%


                     2006                                  Q3
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $519.3     $67.8    -      $67.8  13.1%
    Office Products                    517.5      75.7    -       75.7  14.6%
    Tools & Hardware                   324.4      46.2    -       46.2  14.2%
    Other                              224.9      28.9    -       28.9  12.9%
    Corporate                            -       (18.3)   -      (18.3)
    Impairment                           -         -      -        -
    Restructuring                        -       (22.1)  22.1      -
    Continuing Operations            1,586.1     178.2   22.1    200.3  12.6%


                     2005                                  Q1
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $398.0     $14.8    -      $14.8   3.7%
    Office Products                    332.8      33.5    -       33.5  10.1%
    Tools & Hardware                   276.4      26.7    -       26.7   9.7%
    Other                              196.5      17.0    -       17.0   8.7%
    Corporate                            -        (9.5)   -       (9.5)
    Impairment                           -         -      -        -
    Restructuring                        -        (6.5)   -       (6.5)
    Continuing Operations             1,203.7     76.0    -       76.0   6.3%


                     2005                                  Q2
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $480.1     $31.1    -      $31.1   6.5%
    Office Products                    495.5      98.9    -       98.9  20.0%
    Tools & Hardware                   315.5      49.3    -       49.3  15.6%
    Other                              202.8      26.0    -       26.0  12.8%
    Corporate                            -        (9.7)   -       (9.7)
    Impairment                           -       (31.4)  31.4      -
    Restructuring                        -        (0.3)   -       (0.3)
    Continuing Operations            1,493.9     163.9   31.4    195.3  13.1%


                     2005                                  Q3
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $490.9     $67.9    -      $67.9  13.8%
    Office Products                    427.8      59.9    -       59.9  14.0%
    Tools & Hardware                   318.9      46.3    -       46.3  14.5%
    Other                              199.0      25.4    -       25.4  12.8%
    Corporate                            -       (10.1)   -      (10.1)
    Impairment                           -        25.2  (25.2)     -
    Restructuring                        -       (14.6)   -      (14.6)
    Continuing Operations            1,436.6     200.0  (25.2)   174.8  12.2%


                     2005                                  Q4
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $552.0     $32.0    -      $32.0   5.8%
    Office Products                    457.2      73.7    -       73.7  16.1%
    Tools & Hardware                   349.5      48.8    -       48.8  14.0%
    Other                              224.3      35.1    -       35.1  15.6%
    Corporate                            -       (16.7)   -      (16.7)
    Impairment                           -         5.8   (5.8)     -
    Restructuring                        -       (51.2)  51.2      -
    Continuing Operations            1,583.0     127.5   45.4    172.9  10.9%


                     2005                             Full Year
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor  $1,921.0    $145.8    -     $145.8   7.6%
    Office Products                  1,713.3     266.0    -      266.0  15.5%
    Tools & Hardware                 1,260.3     171.1    -      171.1  13.6%
    Other                              822.6     103.5    -      103.5  12.6%
    Corporate                            -       (46.0)   -      (46.0)
    Impairment                           -        (0.4)   0.4      -
    Restructuring                        -       (72.6)  51.2    (21.4)
    Continuing Operations            5,717.2     567.4   51.6    619.0  10.8%


                     2004                                  Q1
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $470.4     $12.2    3.2    $15.4   3.3%
    Office Products                    332.8      31.8    -       31.8   9.6%
    Tools & Hardware                   274.3      43.0    -       43.0  15.7%
    Other                              198.4      18.7    -       18.7   9.4%
    Corporate                            -        (7.4)   -       (7.4)
    Impairment                           -         -      -        -
    Restructuring                        -        (6.6)   6.6      -
    Continuing Operations            1,275.9      91.7    9.8    101.5   8.0%


                     2004                                  Q2
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $501.5     $15.7    5.2    $20.9   4.2%
    Office Products                    489.2      95.5    0.3     95.8  19.6%
    Tools & Hardware                   300.3      43.5    3.1     46.6  15.5%
    Other                              200.1      20.1    0.2     20.3  10.1%
    Corporate                            -        (9.7)   -       (9.7)
    Impairment                           -       (19.4)  19.4      -
    Restructuring                        -       (14.1)  14.1      -
    Continuing Operations            1,491.1     131.6   42.3    173.9  11.7%


                     2004                                  Q3
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $503.7     $38.2    -      $38.2   7.6%
    Office Products                    424.3      61.5    -       61.5  14.5%
    Tools & Hardware                   300.6      45.1    -       45.1  15.0%
    Other                              190.0      20.8    -       20.8  10.9%
    Corporate                            -       (10.2)   -      (10.2)
    Impairment                           -      (244.6) 244.6      -
    Restructuring                        -        (0.4)   0.4      -
    Continuing Operations            1,418.6     (89.6) 245.0    155.4  11.0%


                     2004                                  Q4
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor    $517.8     $47.5    -      $47.5   9.2%
    Office Products                    439.9      73.2    -       73.2  16.6%
    Tools & Hardware                   343.5      50.1    -       50.1  14.6%
    Other                              220.3      28.8    -       28.8  13.1%
    Corporate                            -       (12.0)   -      (12.0)
    Impairment                           -         -      -        -
    Restructuring                        -        (7.1)   7.1      -
    Continuing Operations             1,521.5    180.5    7.1    187.6  12.3%


                     2004                             Full Year
                                                                 Ex.
                                              Reported Charges Charges
                                       Sales     OI      (1)     OI    Margin

    Cleaning, Organization & Decor  $1,993.4    $113.6   $8.4   $122.0   6.1%
    Office Products                  1,686.2     262.0    0.3    262.3  15.6%
    Tools & Hardware                 1,218.7     181.7    3.1    184.8  15.2%
    Other                              808.8      88.4    0.2     88.6  11.0%
    Corporate                            -       (39.3)   -      (39.3)
    Impairment                           -      (264.0) 264.0      -
    Restructuring                        -       (28.2)  28.2      -
    Continuing Operations            5,707.1     314.2  304.2    618.4  10.8%


    (1)  Charges are primarily related to restructuring, asset impairment,
    product line exits, acquisitions and divestitures



    Newell Rubbermaid Inc.
    Proforma Quarterly Income Statements
    Restatement to Combine North American Home Fashions business with
    Cleaning & Organization segment
    January 29, 2007

    The Company has updated its segment reporting to combine the North
    American Home Fashions business with the Cleaning & Organization
    segment, now called Cleaning, Organization & Decor.


                    2006                                  Q1
                                                                   Excluding
                                           Reported   Charges (1)   Charges

    Net Sales                                 1,342.6        -        1,342.6
    GROSS MARGIN                                432.1        -          432.1
    SG&A                                       (313.2)       -         (313.2)
    Impairment                                    -          -            -
    Restructuring                                (9.1)       9.1          -
    OPERATING INCOME                            109.8        9.1        118.9
    Non-Operating Expense                       (36.2)       -          (36.2)
    Income Taxes                                 56.6       (2.0)        54.6
    Income from Continuing Operations           130.2        7.1        137.3

    Discontinued Operations, net                (75.4)      75.4          -

    NET INCOME                                   54.8       82.5        137.3


     EARNINGS PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $0.47      $0.03        $0.50
         Diluted                                $0.47      $0.03        $0.50

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.27)     $0.27         $-
         Diluted                               $(0.27)     $0.27         $-

     EARNINGS PER SHARE:
         Basic                                  $0.20      $0.30        $0.50
         Diluted                                $0.21      $0.29        $0.50

    Average shares outstanding:
         Basic                                  274.5                   274.5
         Diluted                                283.3                   283.3


                    2006                                  Q2
                                                                   Excluding
                                           Reported   Charges (1)   Charges

    Net Sales                                 1,634.1        -        1,634.1
    GROSS MARGIN                                563.0        -          563.0
    SG&A                                       (342.2)       -         (342.2)
    Impairment                                    -          -            -
    Restructuring                               (19.1)      19.1          -
    OPERATING INCOME                            201.7       19.1        220.8
    Non-Operating Expense                       (37.4)       -          (37.4)
    Income Taxes                                (28.8)      (5.6)       (34.4)
    Income from Continuing Operations           135.5       13.5        149.0

    Discontinued Operations, net                (16.0)      16.0          -

    NET INCOME                                  119.5       29.5        149.0


     EARNINGS PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $0.49      $0.05        $0.54
         Diluted                                $0.49      $0.05        $0.54

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.06)     $0.06         $-
         Diluted                               $(0.06)     $0.06         $-

     EARNINGS PER SHARE:
         Basic                                  $0.44      $0.11        $0.54
         Diluted                                $0.43      $0.10        $0.54

    Average shares outstanding:
         Basic                                  274.6                   274.6
         Diluted                                283.6                   283.6

    (1)  Charges are related to restructuring and divestitures.


                    2006                                  Q3
                                                                   Excluding
                                           Reported   Charges (1)   Charges

    Net Sales                                 1,586.1        -        1,586.1
    GROSS MARGIN                                535.2        -          535.2
    SG&A                                        334.9        -          334.9
    Impairment                                    -          -            -
    Restructuring                               (22.1)      22.1          -
    OPERATING INCOME                            178.2        -          200.3
    Non-Operating Expense                       (36.3)       -          (36.3)
    Income Taxes                                (29.2)      (6.4)       (35.6)
    Income from Continuing Operations           112.7      (15.7)       128.4

    Discontinued Operations, net                 (4.2)       4.2          -

    NET INCOME                                  108.5      (19.9)       128.4


     EARNINGS PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $0.41      $0.06        $0.47
         Diluted                                $0.41      $0.06        $0.46

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.02)     $0.02         $-
         Diluted                               $(0.02)     $0.02         $-

     EARNINGS PER SHARE:
         Basic                                  $0.39      $0.07        $0.47
         Diluted                                $0.39      $0.07        $0.46

    Average shares outstanding:
         Basic                                  274.6                   274.6
         Diluted                                275.6                   283.9


    (1)  Charges are related to restructuring and divestitures.



    Newell Rubbermaid Inc.
    Proforma Quarterly Income Statements
    Restatement to Combine North American Home Fashions business with
    Cleaning & Organization segment
    January 29, 2007

    The Company has updated its segment reporting to combine the North
    American Home Fashions business with the Cleaning & Organization
    segment, now called Cleaning, Organization & Decor.


                    2005                                  Q1
                                                                   Excluding
                                           Reported   Charges (1)   Charges

    Net Sales                                 1,203.7        -        1,203.7
    GROSS MARGIN                                338.4        -          338.4
    SG&A                                       (255.9)       -         (255.9)
    Impairment                                    -          -            -
    Restructuring                                (6.5)       -           (6.5)
    OPERATING INCOME                             76.0        -           76.0
    Non-Operating Expense                       (29.0)       -          (29.0)
    Income Taxes                                 48.7        -           48.7
    Income from Continuing Operations            95.7        -           95.7

    Discontinued Operations, net                (59.1)      59.1          -

    NET INCOME                                   36.6       59.1         95.7


     EARNINGS PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $0.35       $-          $0.35
         Diluted                                $0.35       $-          $0.35

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.22)     $0.22         $-
         Diluted                               $(0.21)     $0.21         $-

     EARNINGS PER SHARE:
         Basic                                  $0.13      $0.22        $0.35
         Diluted                                $0.13      $0.21        $0.35

    Average shares outstanding:
         Basic                                  274.4                   274.4
         Diluted                                274.9                   274.9


                    2005                                  Q2
                                                                   Excluding
                                           Reported   Charges (1)   Charges

    Net Sales                                 1,493.9        -        1,493.9
    GROSS MARGIN                                477.1        -          477.1
    SG&A                                       (281.5)       -         (281.5)
    Impairment                                  (31.4)      31.4          -
    Restructuring                                (0.3)       -           (0.3)
    OPERATING INCOME                            163.9       31.4        195.3
    Non-Operating Expense                       (33.3)       -          (33.3)
    Income Taxes                                (41.9)      (6.9)       (48.8)
    Income from Continuing Operations            88.7       24.5        113.2

    Discontinued Operations, net                (22.5)      22.5          -

    NET INCOME                                   66.2       47.0        113.2


     EARNINGS PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $0.32      $0.09        $0.41
         Diluted                                $0.32      $0.09        $0.41

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.08)     $0.08         $-
         Diluted                               $(0.08)     $0.08         $-

     EARNINGS PER SHARE:
         Basic                                  $0.24      $0.17        $0.41
         Diluted                                $0.24      $0.17        $0.41

    Average shares outstanding:
         Basic                                  274.4                   274.4
         Diluted                                274.7                   274.7


                    2005                                  Q3
                                                                 Excluding
                                           Reported  Charges (1)  Charges

    Net Sales                                1,436.6        -       1,436.6
    GROSS MARGIN                               462.4        -         462.4
    SG&A                                      (273.0)       -        (273.0)
    Impairment                                  25.2      (25.2)        -
    Restructuring                              (14.6)       -         (14.6)
    OPERATING INCOME                           200.0      (25.2)      174.8
    Non-Operating Expense                      (33.2)       -         (33.2)
    Income Taxes                               (30.2)       5.1       (25.1)
    Income from Continuing Operations          136.6      (20.1)      116.5

    Discontinued Operations, net               (65.1)      65.1         -

    NET INCOME                                  71.5       45.0       116.5


     EARNINGS PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                 $0.50     $(0.07)      $0.42
         Diluted                               $0.49     $(0.07)      $0.42

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                $(0.24)     $0.24        $-
         Diluted                              $(0.23)     $0.23        $-

     EARNINGS PER SHARE:
         Basic                                 $0.26      $0.16       $0.42
         Diluted                               $0.27      $0.16       $0.42

    Average shares outstanding:
         Basic                                 274.4                  274.4
         Diluted                               283.3                  275.0


                    2005                                  Q4
                                                                   Excluding
                                           Reported   Charges (1)   Charges

    Net Sales                                 1,583.0        -        1,583.0
    GROSS MARGIN                                480.2        -          480.2
    SG&A                                       (307.3)       -         (307.3)
    Impairment                                    5.8       (5.8)         -
    Restructuring                               (51.2)      51.2          -
    OPERATING INCOME                            127.5       45.4        172.9
    Non-Operating Expense                        (8.5)       -           (8.5)
    Income Taxes                                (33.7)     (16.9)       (50.6)
    Income from Continuing Operations            85.3       28.5        113.8

    Discontinued Operations, net                 (8.3)       8.3          -

    NET INCOME                                   77.0       36.8        113.8


     EARNINGS PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $0.31      $0.10        $0.41
         Diluted                                $0.31      $0.10        $0.41

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.03)     $0.03         $-
         Diluted                               $(0.03)     $0.03         $-

     EARNINGS PER SHARE:
         Basic                                  $0.28      $0.13        $0.41
         Diluted                                $0.28      $0.13        $0.41

    Average shares outstanding:
         Basic                                  274.4                   274.4
         Diluted                                274.9                   274.9


                    2005                              Full Year
                                                       Charges    Excluding
                                           Reported      (1)       Charges

    Net Sales                                 5,717.2       -        5,717.2
    GROSS MARGIN                              1,758.1       -        1,758.1
    SG&A                                     (1,117.7)      -       (1,117.7)
    Impairment                                   (0.4)      0.4          -
    Restructuring                               (72.6)     51.2        (21.4)
    OPERATING INCOME                            567.4      51.6        619.0
    Non-Operating Expense                      (104.0)      -         (104.0)
    Income Taxes                                (57.1)    (18.7)       (75.8)
    Income from Continuing Operations           406.3      32.9        439.2

    Discontinued Operations, net               (155.0)    155.0          -

    NET INCOME                                  251.3     187.9        439.2


     EARNINGS PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $1.48     $0.12        $1.60
         Diluted                                $1.48     $0.12        $1.60

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.56)    $0.56         $-
         Diluted                               $(0.56)    $0.56         $-

     EARNINGS PER SHARE:
         Basic                                  $0.92     $0.68        $1.60
         Diluted                                $0.91     $0.68        $1.60

    Average shares outstanding:
         Basic                                  274.4                  274.4
         Diluted                                274.9                  274.9


    (1)  Charges are related to restructuring, asset impairment and
    divestitures.



    Newell Rubbermaid Inc.
    Proforma Quarterly Income Statements
    Restatement to Combine North American Home Fashions business with
    Cleaning & Organization segment
    January 29, 2007

    The Company has updated its segment reporting to combine the North
    American Home Fashions business with the Cleaning & Organization
    segment, now called Cleaning, Organization & Decor.


                    2004                                  Q1
                                                                   Excluding
                                           Reported   Charges (1)   Charges

    Net Sales                                 1,275.9        -        1,275.9
    GROSS MARGIN                                350.4        3.2        353.6
    SG&A                                       (252.1)       -         (252.1)
    Impairment                                    -          -            -
    Restructuring                                (6.6)       6.6          -
    OPERATING INCOME                             91.7        9.8        101.5
    Non Operating Expense                       (33.3)       -          (33.3)
    Income Taxes                                (18.6)      (5.5)       (24.1)
    Income from Continuing Operations            39.8        4.3         44.1

    Discontinued Operations                    (114.7)     114.7          -

    NET (LOSS) INCOME                           (74.9)     119.0         44.1


     EARNINGS (LOSS) PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $0.15      $0.02        $0.16
         Diluted                                $0.14      $0.02        $0.16

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.42)     $0.42         $-
         Diluted                               $(0.42)     $0.42         $-

     (LOSS) EARNINGS PER SHARE:
         Basic                                 $(0.27)     $0.43        $0.16
         Diluted                               $(0.27)     $0.43        $0.16

    Average shares outstanding:
         Basic                                  274.4                   274.4
         Diluted                                274.5                   274.5


                    2004                                  Q2
                                                                   Excluding
                                           Reported   Charges (1)   Charges

    Net Sales                                 1,491.1        -        1,491.1
    GROSS MARGIN                                436.7        7.3        444.0
    SG&A                                       (271.6)       1.5       (270.1)
    Impairment                                  (19.4)      19.4          -
    Restructuring                               (14.1)      14.1          -
    OPERATING INCOME                            131.6       42.3        173.9
    Non Operating Expense                       (31.2)       -          (31.2)
    Income Taxes                                (13.0)     (17.5)       (30.5)
    Income from Continuing Operations            87.4       24.8        112.2

    Discontinued Operations                     (26.4)      26.4          -

    NET (LOSS) INCOME                            61.0       51.2        112.2


     EARNINGS (LOSS) PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $0.32      $0.09        $0.41
         Diluted                                $0.32      $0.09        $0.41

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.10)     $0.10         $-
         Diluted                               $(0.10)     $0.10         $-

     (LOSS) EARNINGS PER SHARE:
         Basic                                  $0.22      $0.19        $0.41
         Diluted                                $0.22      $0.19        $0.41

    Average shares outstanding:
         Basic                                  274.4                   274.4
         Diluted                                274.5                   274.5


                    2004                                  Q3
                                                                   Excluding
                                           Reported   Charges (1)   Charges

    Net Sales                                 1,418.6        -        1,418.6
    GROSS MARGIN                                409.3        -          409.3
    SG&A                                       (253.9)       -         (253.9)
    Impairment                                 (244.6)     244.6          -
    Restructuring                                (0.4)       0.4          -
    OPERATING INCOME                            (89.6)     245.0        155.4
    Non Operating Expense                       (29.1)       -          (29.1)
    Income Taxes                                (19.5)     (16.1)       (35.6)
    Income from Continuing Operations          (138.2)     228.9         90.7

    Discontinued Operations                     (88.2)      88.2          -

    NET (LOSS) INCOME                          (226.4)     317.1         90.7


     EARNINGS (LOSS) PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                 $(0.50)     $0.83        $0.33
         Diluted                               $(0.50)     $0.83        $0.33

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.32)     $0.32         $-
         Diluted                               $(0.32)     $0.32         $-

     (LOSS) EARNINGS PER SHARE:
         Basic                                 $(0.83)     $1.16        $0.33
         Diluted                               $(0.83)     $1.16        $0.33

    Average shares outstanding:
         Basic                                  274.4                   274.4
         Diluted                                274.4                   274.4


                    2004                                  Q4
                                                                 Excluding
                                           Reported  Charges (1)  Charges

    Net Sales                                1,521.5        -       1,521.5
    GROSS MARGIN                               460.1        -         460.1
    SG&A                                      (272.5)       -        (272.5)
    Impairment                                   -          -           -
    Restructuring                               (7.1)       7.1         -
    OPERATING INCOME                           180.5        7.1       187.6
    Non Operating Expense                      (22.7)       -         (22.7)
    Income Taxes                               (41.9)      (1.6)      (43.5)
    Income from Continuing Operations          115.9        5.5       121.4

    Discontinued Operations                      8.2       (8.2)        -

    NET (LOSS) INCOME                          124.1       (2.7)      121.4


     EARNINGS (LOSS) PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                 $0.42      $0.02       $0.44
         Diluted                               $0.42      $0.02       $0.44

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $0.03     $(0.03)       $-
         Diluted                               $0.03     $(0.03)       $-

     (LOSS) EARNINGS PER SHARE:
         Basic                                 $0.45     $(0.01)      $0.44
         Diluted                               $0.45     $(0.01)      $0.44

    Average shares outstanding:
         Basic                                 274.4                  274.4
         Diluted                               283.5                  283.5


                    2004                              Full Year
                                                       Charges    Excluding
                                           Reported      (1)       Charges

    Net Sales                                 5,707.1       -        5,707.1
    GROSS MARGIN                              1,656.5      10.5      1,667.0
    SG&A                                     (1,050.1)      1.5     (1,048.6)
    Impairment                                 (264.0)    264.0          -
    Restructuring                               (28.2)     28.2          -
    OPERATING INCOME                            314.2     304.2        618.4
    Non Operating Expense                      (116.3)      -         (116.3)
    Income Taxes                                (92.9)    (40.7)      (133.7)
    Income from Continuing Operations           105.0     263.5        368.4

    Discontinued Operations                    (221.1)    221.1          -

    NET (LOSS) INCOME                          (116.1)    484.6        368.4


     EARNINGS (LOSS) PER SHARE FROM
     CONTINUING OPERATIONS:
         Basic                                  $0.38     $0.96        $1.34
         Diluted                                $0.38     $0.96        $1.34

     LOSS PER SHARE FROM
     DISCONTINUED OPERATIONS:
         Basic                                 $(0.81)    $0.81         $-
         Diluted                               $(0.80)    $0.80         $-

     (LOSS) EARNINGS PER SHARE:
         Basic                                 $(0.42)    $1.77        $1.34
         Diluted                               $(0.42)    $1.76        $1.34

    Average shares outstanding:
         Basic                                  274.4                  274.4
         Diluted                                274.7                  274.7


    (1)  Charges are primarily related to restructuring, asset impairment,
    product line exits, acquisitions and divestitures.


SOURCE Newell Rubbermaid Inc.




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    Relations, or Esther Lippman, Senior Manager, Public Relations of
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