EXHIBIT 99.1
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PRESS RELEASE
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NEWELL RUBBERMAID REALIGNS SEGMENT REPORTING
ATLANTA, MARCH 15, 2004 - Newell Rubbermaid Inc. (NYSE: NWL) announced
today that it has changed its segment reporting to align public
reporting with recent changes in management reporting.
The company will now report the following five segments: Cleaning &
Organization, Tools & Hardware and Home Fashions, led by Chief
Operating Officer James J. Roberts, and Office Products and Other, led
by Chief Operating Officer Robert. S. Parker.
The realignment schedules, which reflect discontinued operations,
along with a listing of divisions in each segment are included in this
press release and can also be found on the investor relations portion
of the company's web site at www.newellrubbermaid.com.
ABOUT NEWELL RUBBERMAID
Newell Rubbermaid Inc., is a global marketer of consumer products with
2003 sales of over $7 billion and a powerful brand family including
Sharpie{R}, Paper Mate{R}, Parker{R}, Waterman{R}, Colorific{R},
Rubbermaid{R}, Stain Shield{R}, Blue Ice{R}, TakeAlongs{R},
Roughneck{R}, Brute{R}, Calphalon{R}, Little Tikes{R}, Graco{R},
Levolor{R}, Kirsch{R}, Shur-Line{R}, BernzOmatic{R}, Goody{R}, Vise-
Grip{R}, Quick-Grip{R}, IRWIN{R}, Lenox{R}, and Marathon{R}. The
company, headquartered in Atlanta, Ga., employs approximately 40,000
people worldwide.
This press release and additional financial information about the
company are available under the Investor Relations section of the
company's website at www.newellrubbermaid.com.
Newell Rubbermaid Inc.
Atlanta, GA
Securities Listed
NYSE
Common Stock
(Symbol: NWL)
www.newellrubbermaid.com
JESSE HERRON
Vice President, Investor Relations
6833 Stalter Drive
Rockford, IL 61108
Phone: 815-381-8150
SUSAN MASTEN
Director, Public Relations
6833 Stalter Drive
Rockford, IL 61108
Phone: 770-670-2215
NEWELL RUBBERMAID, INC.
SALES, OPERATING INCOME AND IDENTIFIABLE ASSETS
2003 AND 2002
Q1 2003 2002
---------------------------------------------- -------------------------------------------
EX. EX.
REPORTED CHARGES CHARGES REPORTED CHARGES CHARGES
SALES OI (1) OI MARGIN SALES OI (1) OI MARGIN
----- -------- ------- ------- ------ ----- -------- ------- ------- ------
<s> <c> <c> <c> <c> <c> <c> <c> <c> <c> <c>
Cleaning & Organization 477.5 40.0 0.3 40.4 8.5% 455.7 47.9 1.9 49.9 10.9%
Office Products 322.3 47.0 1.0 48.0 14.9% 334.1 32.2 5.6 37.8 11.3%
Tools & Hardware 265.6 35.4 1.5 36.9 13.9% 112.5 10.9 2.4 13.3 11.8%
Home Fashions 219.6 4.7 1.2 6.0 2.7% 222.6 9.7 - 9.7 4.4%
Other 272.9 20.7 0.3 21.1 7.7% 264.5 14.3 0.1 14.4 5.4%
Corporate - (7.2) - (7.2) - (7.5) - (7.5)
Impairment - - -
Restructuring (24.5) 24.5 - (7.3) 7.3 -
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Continuing Operations 1,557.9 116.2 28.9 145.1 9.3% 1,389.4 100.2 17.3 117.5 8.5%
Discontinued Operations 178.5 (35.1) 35.2 0.1 0.1% 207.6 10.0 2.4 12.4 6.0%
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Total 1,736.4 81.1 64.1 145.2 8.4% 1,597.0 110.2 19.7 129.9 8.1%
======= ====== ===== ===== ==== ======= ====== ===== ===== ====
Q2 2003 2002
---------------------------------------------- -------------------------------------------
EX. EX.
REPORTED CHARGES CHARGES REPORTED CHARGES CHARGES
SALES OI (1) OI MARGIN SALES OI (1) OI MARGIN
----- -------- ------- ------- ------ ----- -------- ------- ------- ------
Cleaning & Organization 512.4 21.0 0.2 21.2 4.1% 489.5 40.2 0.7 40.9 8.3%
Office Products 507.8 114.8 0.1 114.9 22.6% 480.3 103.9 - 103.9 21.6%
Tools & Hardware 294.6 47.7 0.6 48.3 16.4% 201.8 19.6 0.4 20.0 9.9%
Home Fashions 227.8 7.9 0.7 8.6 3.8% 248.1 20.3 - 20.3 8.2%
Other 269.6 21.9 0.0 21.9 8.1% 273.3 7.1 (0.4) 6.7 2.5%
Corporate - (6.3) - (6.3) - (7.7) - (7.7)
Impairment - - -
Restructuring (52.9) 52.9 - (0.1) 0.1 -
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Continuing Operations 1,812.2 154.1 54.6 208.7 11.5% 1,693.0 183.3 0.8 184.1 10.9%
Discontinued Operations 163.9 (13.6) 5.6 (8.0) -4.9% 202.0 (1.6) 8.9 7.3 3.6%
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Total 1,976.1 140.5 60.2 200.7 10.2% 1,895.0 181.7 9.7 191.4 10.1%
======= ====== ===== ===== ==== ======= ====== ===== ===== ====
Q3 2003 2002
---------------------------------------------- -------------------------------------------
EX. EX.
REPORTED CHARGES CHARGES REPORTED CHARGES CHARGES
SALES OI (1) OI MARGIN SALES OI (1) OI MARGIN
----- -------- ------- ------- ------ ----- -------- ------- ------- ------
Cleaning & Organization 514.4 31.9 0.4 32.3 6.3% 477.6 43.5 (1.2) 42.3 8.9%
Office Products 428.7 69.9 0.1 70.0 16.3% 437.8 81.2 3.7 84.9 19.4%
Tools & Hardware 299.3 53.4 0.3 53.7 17.9% 232.9 30.7 5.1 35.8 15.4%
Home Fashions 223.5 17.5 0.6 18.1 8.1% 248.5 1.0 - 1.0 0.4%
Other 281.4 33.6 (0.2) 33.4 11.9% 314.3 38.5 0.6 39.1 12.4%
Corporate - (10.9) - (10.9) - (7.5) - (7.5)
Impairment - - -
Restructuring (32.2) 32.2 - (51.0) 51.0 -
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Continuing Operations 1,747.3 163.2 33.4 196.6 11.3% 1,711.1 136.4 59.2 195.6 11.4%
Discontinued Operations 197.4 (17.7) 17.1 (0.6) -0.3% 237.2 21.0 0.3 21.3 9.0%
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Total 1,944.7 145.5 50.5 196.0 10.1% 1,948.3 157.4 59.5 216.9 11.1%
======= ====== ===== ===== ==== ======= ====== ===== ===== ====
Q4 2003 2002
---------------------------------------------- -------------------------------------------
EX. EX.
REPORTED CHARGES CHARGES REPORTED CHARGES CHARGES
SALES OI (1) OI MARGIN SALES OI (1) OI MARGIN
----- -------- ------- ------- ------ ----- -------- ------- ------- ------
Cleaning & Organization 509.4 (0.9) (0.0) (1.0) -0.2% 479.0 37.4 (2.2) 35.2 7.4%
Office Products 422.4 77.8 1.3 79.1 18.7% 431.9 88.8 (0.8) 88.0 20.4%
Tools & Hardware 340.2 42.8 (0.2) 42.6 12.5% 235.8 18.0 8.4 26.4 11.2%
Home Fashions 230.1 14.3 4.5 18.7 8.1% 236.5 13.3 (6.9) 6.4 2.7%
Other 338.5 48.0 1.4 49.4 14.6% 321.3 36.2 1.4 37.6 11.7%
Corporate - (5.9) - (5.9) - (8.4) (0.1) (8.5)
Impairment (34.5) 34.5 - - -
Restructuring (74.6) 74.6 - (43.4) 43.4 -
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Continuing Operations 1,840.6 66.9 116.1 183.0 9.9% 1,704.5 141.9 43.3 185.2 10.9%
Discontinued Operations 252.2 (254.1) 261.9 7.8 3.1% 309.2 38.5 11.6 50.1 16.2%
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Total 2,092.8 (187.2) 378.0 190.8 9.1% 2,013.7 180.4 54.9 235.3 11.7%
======= ====== ===== ===== ==== ======= ====== ===== ===== ====
Full Year 2003 2002
---------------------------------------------- -------------------------------------------
EX. EX.
REPORTED CHARGES CHARGES REPORTED CHARGES CHARGES
SALES OI (1) OI MARGIN SALES OI (1) OI MARGIN
----- -------- ------- ------- ------ ----- -------- ------- ------- ------
Cleaning & Organization 2,013.7 92.0 0.9 92.9 4.6% 1,901.8 169.0 (0.7) 168.3 8.8%
Office Products 1,681.2 309.6 2.5 312.1 18.6% 1,684.1 306.1 8.5 314.6 18.7%
Tools & Hardware 1,199.7 179.2 2.3 181.5 15.1% 783.0 79.2 16.3 95.5 12.2%
Home Fashions 901.0 44.4 7.0 51.4 5.7% 955.7 44.3 (6.9) 37.5 3.9%
Other 1,162.4 124.2 1.6 125.8 10.8% 1,173.3 96.1 1.7 97.8 8.3%
Corporate - (30.3) - (30.3) - (31.1) (0.1) (31.2)
Impairment - (34.5) 34.5 - - - - -
Restructuring - (184.2) 184.2 - - (101.8) 101.8 -
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Continuing Operations 6,958.0 500.4 233.0 733.4 10.5% 6,497.9 561.8 120.6 682.4 10.5%
Discontinued Operations 792.0 (320.5) 319.8 (0.7) -0.1% 956.0 67.9 23.2 91.1 9.5%
------- ------ ----- ----- ---- ------- ------ ----- ----- ----
Total 7,750.0 179.9 552.8 732.7 9.5% 7,453.9 629.7 143.8 773.5 10.4%
======= ====== ===== ===== ==== ======= ====== ===== ===== ====
Identifiable Assets: 12/31/2003 12/31/2004
Cleaning & Organization 1,256.6 1,339.1
Office Products 997.5 998.3
Tools & Hardware 812.1 584.8
Home Fashions 633.5 646.2
Other 569.7 617.7
Corporate 2,719.2 2,629.5
------- -------
Continuing Operations 6,988.6 6,815.6
Discontinued Operations 492.1 588.8
------- -------
Total 7,480.7 7,404.4
(1) Charges are primarily related to restructuring, asset impairment, product lines exits, acquisitions and divestitures.
NEWELL RUBBERMAID, INC.
SEGMENTS AND DIVISIONS
CLEANING & ORGANIZATION
Rubbermaid Home Products
Rubbermaid Food & Beverage
Rubbermaid Commercial
Rubbermaid Europe
Rubbermaid Canada
OFFICE PRODUCTS
Sanford North America
Sanford Europe
Sanford Latin America
Sanford Asia Pacific
TOOLS & HARDWARE
IRWIN North America
IRWIN Latin America
IRWIN Europe
Lenox
BernzOmatic
Shur-Line
Amerock
HOME FASHIONS
Levolor/Kirsch
Home Decor Europe
Swish UK
OTHER
Calphalon
Cookware Europe
Goody
Graco
Little Tikes
DISCONTINUED OPERATIONS
Panex
Frames Europe
Mirro (formerly part of the Calphalon Division)
Burnes
Anchor