Newell Brands (NWL) 8-K Newell Rubbermaid Updates Segment Reporting

Newell Rubbermaid Updates Segment Reporting

Newell Rubbermaid Inc. announced that it has updated its segment reporting to reflect the intended sale of its Curver business, which is now reported as discontinued operations. As previously announced January 13, 2005, the company entered into an agreement for the intended sale of Curver, subject to satisfaction of customary closing conditions.

The segment reporting schedules and quarterly income statements which reflect discontinued operations for 2003 and 2004 are attached and can also be found on the investor relations portion of the company's web site at www.newellrubbermaid.com.

EXHIBIT 99.1

Newell Rubbermaid, Inc.
Quarterly Segment Sales and Operating Income
2003-2004

2004	Q1													Q2													Q3													Q4													Full Year
								Ex.													Ex.													Ex.													Ex.													Ex.
			Reported			Charges		Charges								Reported			Charges		Charges								Reported			Charges		Charges								Reported			Charges		Charges								Reported			Charges		Charges
	Sales		OI			(1)		OI			Margin			Sales		OI			(1)		OI			Margin			Sales		OI			(1)		OI			Margin			Sales		OI			(1)		OI			Margin			Sales		OI			(1)		OI			Margin
Cleaning & Organization	$	405.9	$	17.4			3.4	$	20.8			5.1	%	$	434.9	$	13.4			5.4	$	18.8			4.3	%	$	417.7	$	28.5			—	$	28.5			6.8	%	$	447.9	$	41.6			—	$	41.6			9.3	%		1,706.3		101.1			8.8		109.9			6.4	%
Office Products		332.8		31.8			—		31.8			9.6	%		489.2		95.5			0.3		95.8			19.6	%		424.3		61.5			—		61.5			14.5	%		439.9		73.2			—		73.2			16.6	%		1,686.2		261.9			0.3		262.3			15.6	%
Tools & Hardware		274.3		43.0			—		43.0			15.7	%		300.3		43.5			3.1		46.6			15.5	%		300.6		45.1			—		45.1			15.0	%		343.5		50.1			—		50.1			14.6	%		1,218.7		181.8			3.1		184.8			15.2	%
Home Fashions		226.8		3.9			0.6		4.5			2.0	%		224.2		5.2			4.1		9.3			4.1	%		228.1		15.9			—		15.9			7.0	%		227.7		8.1			—		8.1			3.6	%		906.8		33.0			4.8		37.8			4.2	%
Other		251.0		15.9			—		15.9			6.3	%		253.4		15.0			0.2		15.2			6.0	%		262.9		24.7			—		24.7			9.4	%		311.3		37.0			—		37.0			11.9	%		1,078.6		92.6			0.2		92.8			8.6	%
Corporate		—		(7.4	)		—		(7.4	)					—		(9.7	)		—		(9.7	)					—		(10.2	)		—		(10.2	)					—		(12.0	)		—		(12.0	)					—		(39.4	)		—		(39.4	)
Impairment				—					—								(25.1	)		25.1		—								(270.0	)		270.0		—								—					—						—		(295.0	)		295.0		—
Restructuring				(21.6	)		21.6		—								(25.2	)		25.2		—								(0.4	)		0.4		—								(4.2	)		4.2		—						—		(51.4	)		51.4		—
Continuing Operations		1,490.8		83.0			25.6		108.6			7.3	%		1,702.0		112.6			63.4		176.0			10.3	%		1,633.6		(104.9	)		270.4		165.5			10.1	%		1,770.3		193.8			4.2		198.0			11.2	%		6,596.6		284.6			363.6		648.2			9.8	%
Discontinued Operations-Curver		41.5		(6.4	)		1.3		(5.1	)		(12.3	%)		33.8		(4.8	)		0.2		(4.6	)		(13.6	%)		38.2		(77.8	)		78.5		0.7			1.8	%		38.2		(0.8	)		—		(0.8	)		(2.1	%)		151.8		(90.0	)		79.9		(10.1	)		(6.7	%)
Total		1,532.3		76.6			26.9		103.4			6.7	%		1,735.8		107.8			63.5		171.3			9.9	%		1,671.8		(182.7	)		348.9		166.2			9.9	%		1,808.5		193.0			4.2		197.2			10.9	%		6,748.4		194.6			443.5		638.1			9.5	%

2003	Q1													Q2														Q3														Q4														Full Year
								Ex.														Ex.														Ex.														Ex.														Ex.
			Reported			Charges		Charges								Reported			Charges			Charges								Reported			Charges			Charges								Reported			Charges			Charges								Reported			Charges			Charges
	Sales		OI			(1)		OI			Margin			Sales		OI			(1)			OI			Margin			Sales		OI			(1)			OI			Margin			Sales		OI			(1)			OI			Margin			Sales		OI			(1)			OI			Margin
Cleaning & Organization	$	435.1	$	41.5			0.4	$	42.0			9.7	%	$	472.4	$	23.1			0.0		$	23.1			4.9	%	$	469.9	$	35.0			0.4		$	35.4			7.5	%	$	471.2	$	4.2			1.4		$	5.5			1.2	%		1,848.5		103.7			2.3			106.0			5.7	%
Office Products		322.3		47.1			0.9		48.0			14.9	%		507.8		114.8			0.1			114.9			22.6	%		428.7		69.9			0.1			70.0			16.3	%		422.4		77.8			1.3			79.1			18.7	%		1,681.2		309.6			2.4			312.0			18.6	%
Tools & Hardware		265.6		35.4			1.5		36.9			13.9	%		294.6		47.7			0.6			48.3			16.4	%		299.3		53.4			0.3			53.7			17.9	%		340.2		42.8			(0.2	)		42.6			12.5	%		1,199.7		179.3			2.2			181.5			15.1	%
Home Fashions		219.6		4.7			1.3		6.0			2.7	%		227.8		7.9			0.7			8.6			3.8	%		223.5		17.5			0.6			18.1			8.1	%		230.1		14.3			4.4			18.7			8.1	%		901.0		44.4			7.0			51.4			5.7	%
Other		262.6		23.0			0.4		23.4			8.9	%		252.7		20.3			0.0			20.3			8.0	%		263.2		31.2			(0.2	)		31.0			11.8	%		324.9		46.2			1.4			47.6			14.7	%		1,103.4		120.7			1.6			122.3			11.1	%
Corporate		—		(7.2	)		—		(7.2	)					—		(6.3	)		—			(6.3	)					—		(10.9	)		—			(10.9	)					—		(5.9	)		—			(5.9	)					—		(30.3	)		—			(30.3	)
Impairment				—			—		—								—			—			—											—			—								(34.5	)		34.5			—						—		(34.5	)		34.5			—
Restructuring				(23.9	)		23.9		—								(53.1	)		53.1			—								(41.8	)		41.8			—								(74.6	)		74.6			—						—		(193.5	)		193.5			—
Continuing Operations		1,505.2		120.6			28.4		149.0			9.9	%		1,755.3		154.4			54.6			209.0			11.9	%		1,684.6		154.3			43.0			197.3			11.7	%		1,788.8		70.2			117.5			187.7			10.5	%		6,733.8		499.3			243.6			742.9			11.0	%
Discontinued Operations-Curver		42.4		(2.0	)		0.5		(1.5	)		(3.5	%)		40.0		(1.8	)		(0.1	)		(1.9	)		(4.8	%)		44.5		6.5			(9.7	)		(3.2	)		(7.2	%)		38.2		(5.0	)		(1.5	)		(6.5	)		(17.0	%)		165.2		(2.1	)		(10.8	)		(12.9	)		(7.8	%)
Total		1,547.6		118.6			28.9		147.5			9.5	%		1,795.3		152.6			54.5			207.1			11.5	%		1,729.1		160.7			33.5			194.2			11.2	%		1,827.0		65.2			116.0			181.2			9.9	%		6,899.0		497.2			232.8			730.0			10.6	%

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

Newell Rubbermaid, Inc.
Quarterly Income Statement

2004	Q1									Q2									Q3									Q4									Full Year
				Charges			Excluding						Charges			Excluding						Charges			Excluding						Charges			Excluding						Charges			Excluding
	Reported			(1)			Charges			Reported			(1)			Charges			Reported			(1)			Charges			Reported			(1)			Charges			Reported			(1)			Charges
Net Sales		1,490.8			—			1,490.8			1,702.0			—			1,702.0			1,633.6			—			1,633.6			1,770.3			—			1,770.3			6,596.6			—			6,596.6
GROSS MARGIN		404.4			3.9			408.3			483.0			11.6			494.6			464.6			—			464.6			515.5			—			515.5			1,867.4			15.6			1,883.0
SG&A		(299.8	)		0.1			(299.7	)		(320.1	)		1.5			(318.6	)		(299.1	)		—			(299.1	)		(317.5	)		—			(317.5	)		(1,236.4	)		1.6			(1,234.8	)
Impairment		—			—			—			(25.1	)		25.1			—			(270.0	)		270.0			—			—			—			—			(295.0	)		295.0			—
Restructuring		(21.6	)		21.6			—			(25.2	)		25.2			—			(0.4	)		0.4			—			(4.2	)		4.2			—			(51.4	)		51.4			—
OPERATING INCOME		83.0			25.6			108.6			112.6			63.4			176.0			(104.9	)		270.4			165.5			193.8			4.2			198.0			284.6			363.6			648.2
Non Operating Expense		(33.2	)		—			(33.2	)		(31.2	)		—			(31.2	)		(29.1	)		—			(29.1	)		(22.6	)		—			(22.6	)		(116.1	)		—			(116.1	)
Income Taxes		(16.2	)		(8.5	)		(24.7	)		(18.2	)		(17.5	)		(35.7	)		(23.0	)		(16.1	)		(39.1	)		(46.6	)		(1.3	)		(47.9	)		(104.0	)		(43.3	)		(147.3	)
Income from Continuing Operations		33.6			17.1			50.7			63.2			45.9			109.1			(157.0	)		254.3			97.3			124.6			2.9			127.5			64.5			320.3			384.8
Discontinued Operations-Curver		0.6			(0.6	)		—			(5.6	)		5.6			—			(78.0	)		78.0			—			(0.5	)		0.5			—			(83.6	)		83.6			—
Discontinued Operations-Other		(109.1	)		109.1			—			3.4			(3.4	)		—			8.6			(8.6	)		—			—			—			—			(97.0	)		97.0			—
		(108.5	)		108.5			—			(2.2	)		2.2			—			(69.4	)		69.4			—			(0.5	)		0.5			—			(180.6	)		180.6			—
NET (LOSS) INCOME		(74.9	)		125.6			50.7			61.0			48.1			109.1			(226.4	)		323.7			97.3			124.1			3.4			127.5			(116.1	)		500.9			384.8
EARNINGS (LOSS) PER SHARE FROM CONTINUING OPERATIONS:
Basic	$	0.12		$	0.06		$	0.18		$	0.23		$	0.17		$	0.40		$	(0.57	)	$	0.93		$	0.35		$	0.45		$	0.01		$	0.46		$	0.24		$	1.17		$	1.40
Diluted	$	0.12		$	0.06		$	0.18		$	0.23		$	0.17		$	0.40		$	(0.57	)	$	0.93		$	0.35		$	0.45		$	0.01		$	0.46		$	0.24		$	1.17		$	1.40
LOSS PER SHARE FROM DISCONTINUED OPERATIONS:
Basic	$	(0.40	)	$	0.40		$	—		$	(0.01	)	$	0.01		$	—		$	(0.25	)	$	0.25		$	—		$	(0.00	)	$	0.00		$	—		$	(0.66	)	$	0.66		$	—
Diluted	$	(0.40	)	$	0.40		$	—		$	(0.01	)	$	0.01		$	—		$	(0.25	)	$	0.25		$	—		$	(0.00	)	$	0.00		$	—		$	(0.66	)	$	0.66		$	—
(LOSS) EARNINGS PER SHARE:
Basic	$	(0.27	)	$	0.46		$	0.18		$	0.22		$	0.18		$	0.40		$	(0.83	)	$	1.18		$	0.35		$	0.45		$	0.01		$	0.46		$	(0.42	)	$	1.83		$	1.40
Diluted	$	(0.27	)	$	0.46		$	0.18		$	0.22		$	0.18		$	0.40		$	(0.83	)	$	1.18		$	0.35		$	0.45		$	0.01		$	0.46		$	(0.42	)	$	1.83		$	1.40
Average shares outstanding:
Basic		274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4			274.4
Diluted		274.5			274.5			274.5			274.5			274.5			274.5			274.4			274.4			274.4			283.5			283.5			283.5			274.4			274.4			274.4

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

Newell Rubbermaid, Inc.
Quarterly Income Statement

2003	Q1									Q2									Q3									Q4									Full Year
				Charges			Excluding						Charges			Excluding						Charges			Excluding						Charges			Excluding						Charges			Excluding
	Reported			(1)			Charges			Reported			(1)			Charges			Reported			(1)			Charges			Reported			(1)			Charges			Reported			(1)			Charges
Net Sales		1,505.2			—			1,505.2			1,755.3			—			1,755.3			1,684.6			—			1,684.6			1,788.8			—			1,788.8			6,733.8			—			6,733.8
GROSS MARGIN		424.1			4.1			428.2			522.1			1.4			523.5			481.6			1.2			482.8			488.0			7.1			495.1			1,915.8			13.8			1,929.6
SG&A		(279.6	)		0.3			(279.3	)		(314.6	)		0.1			(314.5	)		(285.5	)		—			(285.5	)		(308.7	)		1.3			(307.4	)		(1,188.5	)		1.8			(1,186.7	)
Impairment		—			—			—			—			—			—			—			—			—			(34.5	)		34.5			—			(34.5	)		34.5			—
Restructuring		(23.9	)		23.9			—			(53.1	)		53.1			—			(41.8	)		41.8			—			(74.6	)		74.6			—			(193.5	)		193.5			—
OPERATING INCOME		120.6			28.4			149.0			154.4			54.6			209.0			154.3			43.0			197.3			70.2			117.5			187.7			499.3			243.6			742.9
Non Operating Expense		(57.4	)		21.1			(36.3	)		(31.3	)		—			(31.3	)		(34.7	)		—			(34.7	)		(36.6	)		9.2			(27.4	)		(159.9	)		30.3			(129.6	)
Income Taxes		(20.0	)		(16.2	)		(36.2	)		(39.5	)		(17.7	)		(57.2	)		(37.3	)		(14.1	)		(51.4	)		(23.6	)		(25.8	)		(49.4	)		(120.3	)		(73.9	)		(194.2	)
Income from Continuing Operations		43.2			33.3			76.5			83.6			36.9			120.5			82.3			28.9			111.2			10.0			100.9			110.9			219.1			200.0			419.1
Discontinued Operations-Curver		(1.8	)		1.8			—			(1.6	)		1.6			—			3.2			(3.2	)		—			(5.6	)		5.6			—			(5.9	)		5.9			—
Discontinued Operations-Other		(25.4	)		25.4			—			(8.2	)		8.2			—			(10.3	)		10.3			—			(216.0	)		216.0			—			(259.8	)		259.8			—
		(27.2	)		27.2			—			(9.8	)		9.8			—			(7.1	)		7.1			—			(221.6	)		221.6			—			(265.7	)		265.7			—
NET INCOME (LOSS)		16.0			60.5			76.5			73.8			46.7			120.5			75.2			36.0			111.2			(211.6	)		322.5			110.9			(46.6	)		465.7			419.1
EARNINGS PER SHARE FROM CONTINUING OPERATIONS:
Basic	$	0.16		$	0.12		$	0.28		$	0.30		$	0.13		$	0.44		$	0.30		$	0.11		$	0.41		$	0.04		$	0.37		$	0.40		$	0.80		$	0.73		$	1.53
Diluted	$	0.16		$	0.12		$	0.28		$	0.30		$	0.13		$	0.44		$	0.30		$	0.11		$	0.41		$	0.04		$	0.37		$	0.40		$	0.80		$	0.73		$	1.53
LOSS PER SHARE FROM DISCONTINUED OPERATIONS:
Basic	$	(0.10	)	$	0.10		$	—		$	(0.04	)	$	0.04		$	—		$	(0.03	)	$	0.03		$	—		$	(0.81	)	$	0.81		$	—		$	(0.97	)	$	0.97		$	—
Diluted	$	(0.10	)	$	0.10		$	—		$	(0.04	)	$	0.04		$	—		$	(0.03	)	$	0.03		$	—		$	(0.81	)	$	0.81		$	—		$	(0.97	)	$	0.97		$	—
EARNINGS (LOSS) PER SHARE:
Basic	$	0.06		$	0.22		$	0.28		$	0.27		$	0.17		$	0.44		$	0.27		$	0.13		$	0.41		$	(0.77	)	$	1.18		$	0.40		$	(0.17	)	$	1.70		$	1.53
Diluted	$	0.06		$	0.22		$	0.28		$	0.27		$	0.17		$	0.44		$	0.27		$	0.13		$	0.41		$	(0.77	)	$	1.18		$	0.40		$	(0.17	)	$	1.70		$	1.53
Average shares outstanding:
Basic		273.6			273.6			273.6			274.2			274.2			274.2			274.4			274.4			274.4			274.4			274.4			274.4			274.1			274.1			274.1
Diluted		274.0			274.0			274.0			274.7			274.7			274.7			274.4			274.4			274.4			274.4			274.4			274.4			274.1			274.1			274.1

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