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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 2.04B | 29.2% |
| Gross Profit | 699M | 38.7% |
| Cost of Revenue | 1.91B | 14% |
| Operating expense | 571M | 9.4% |
| Net Income | 45M | 600% |
| EBITDA | 198M | 350% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 12B | 0.4% |
| Total Liabilities | 8.97B | 0.6% |
| Total Equity | 3.08B | 0.1% |
| Shares Outstanding | 415M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 32M | 0% |
| Cash from investing | -34M | 32% |
| Cash from financing | 18M | 70% |
EPS
Financial Highlights for Newell Brands in Q2 '24
Newell Brands reported a revenue of 2.04B, which is a 29.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 699M, marking a 38.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.91B, a 14% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 571M, showing a 9.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 45M, showing a 600% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 198M, showing a 350% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Newell Brands with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
