Newell’s Home and Outdoor Living segment, which includes Coleman, had a 7% sales decline to $726.5 million from $779.5 million partially due to lost distribution for Coleman at a key U.S. retailer. Other headwinds to sales included a new revenue recognition standard and unfavorable foreign exchange. Normalized net income was down 13% to $83.0 million from $95.5 million excluding a $3.3 billion goodwill impairment writedown, which was the segment’s share of a total goodwill impairment charge of $8.1 billion necessitated by the company’s loss of enterprise value and weaker cash flow projections.

Overall, NWL’s net loss was $7,112.4 million against ... Log in to view full article.