Newell’s Outdoor Segment Swings to Profit on Sales Gain
Sales at NWL’s Outdoor & Recreation segment, which includes Coleman, Marmot and other outdoor brands, increased 8% to $383 million from $356 million in the third quarter, generating operating income of $40 million against a loss of $41 million last year. Normalized operating margin was up 160 basis points to 12.0%. Core sales improved across all regions, on increased demand for ... Log in to view full article.