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Newell Rubbermaid posts $13.2 million profit increase

July 30, 2009
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ATLANTA — Newell Rubbermaid recently released its second-quarter figures, which include an increase in quarterly profit when compared to last year, according to The Wall Street Journal.
Net income increased from $92.5 million in the year-ago quarter to the current $105.7 million, the story stated.
Newell Rubbermaid Chief Executive Officer (CEO) Mark Ketchum said: "Although business conditions remained challenging during the quarter, we were pleased and encouraged to deliver second-quarter earnings and cash flow ahead of expectations."
Quarterly revenue declined slightly from $1.8 billion last year to $1.5 billion this year, the story noted.
Adjusted earnings per share, which totaled 47 cents for the fiscal second quarter, are expected to be between 25 cents and 35 cents a share in the third quarter, the story added.
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