the discuss made on everyone. strong observations fourth to Thank you, in to and to the share XXXX. you Good my Nancy. our today the be Welcome quarter progress morning, call. I'm company with pleased to encouraging results has
the our turnaround, understand XXX strengths I as recently in challenges Newell the completed we days Brands, with well organization. face the of I first my have as and
in our to in outlook. the then the XXXX priorities sense you over fourth discuss a give first XXXX XXXX, will call and progress discuss and turn we to quarter Chris made I for
through growth, important and pillars returning the an sales plan, working made businesses margins winning and to the cash profitable year cycle the company accelerating sustainable strides and through brands the Newell. operating and which We team. of for expanding include of five significant build a in core was conversion compete, inflection strengthening transformation, turnaround XXXX against of which productivity capital we savings, overhead portfolio out
with start leadership and firmly that because to enabling team. important return a foundation believe successful most the winning of a I last team for I'll build for potential to full to pillar right the the turnaround company is its
Newell who dedicated want win. employees and passionate to has
With barriers direction, things. right leadership better the we the of in the on right clarity people maximize drive place, and their removing and can through potential focusing outcomes right
We with CEOs unit products expertise, at experts have diverse optimizing go-to-market requisite to insights that, also it for of our relationships front-facing, and business profitable is drive meaningful drivers strong of the revenue the structure. believe growth nature given sustainable our headed consumer and by domain to organizational We're and customer units leveraging categories, dedicated, important business innovation.
time, in to them leveraging same the collaborators expect synergies scale. be superb the we At by efficiencies attaining support back-end Newell's and to enterprise
we commonwealth to independent We centralized do to be nor overly not want states. an be organization, a of do want
business a through unit structure through enterprise We brands and will differentiate our synergize efficiencies.
today. new end, that senior we're announcing leaders two To
Mike CEO, Rubbermaid including McDermott, business First, us our lead Products and recently Mapa/Spontex. who commercial as business Commercial joined to unit
where at Appliances GE Vice President he most Lowe's. Executive Chief a as of Pro and for Mike sales has and had Omnichannel innovation. led product Officer head at recently also stellar He Bass Retail, that was career Shops President, before and was Customer
board. few spent have with him the with people last Mike We're and weeks expertise. team is himself immersing skills to that category an He inspirational business. leader and his has new on great meeting in impressive thrilled
Jar Arc Global of company, of includes be and as having for Pyrex, Gamble global brands career International, at Kris and and a French the Officer and at Malkoski, FoodSaver Food glassware CEO Business President, as an Unit Business Sistema, Kris her week had Procter our CorningWare she category, years. the and arrival including responsibility their Kris joining with We Commercial housewares imminent Chief Newell which CEO us business, food where XX Ball served the before with she of such next teeth extensive in Americas of experience cut World for that Kitchen, as where Corelle. also brands. who & business, housewares announced will was illustrious Rubbermaid joins Brands Food,
strong relevant build in Very and driving experience with momentum innovation. on record this P&L of and recent important leader a business. terrific the her to She's us a excited join track have
our the for a in a and naming of customer late outdoor search We're for stages a chief business officer. CEO
also at have and positions in level strong business leaders in key several the functions. unit the in brought We
since the a global and new business head officer, fact, services in a function, of a joining totally year head In of a accounting, ago, Chris Newell finance new new new XXXX. a supply finance has chain about head in brought having chief accounting revamped tax of
You with is changes, Newell. all a can that, see new it these really
first The top growth the to priority. pillar a core sustainable sales profitable returning our of company remains turnaround,
year Our and eight Connected units our & Home Writing, businesses sales positive business four showed XXXX Security, trajectory delivering core growth Baby. Home in Those Fragrance are steady with improvement this XXXX. of
for in that reversing And these also XXXX. high-single QX, we're prospects quarters We're hard to optimistic digits excited declines. about its two in grew teams their Kudos work. business of the Food
we digit e-commerce digits markets in sales international generated We low-single core and double-digit grew growth in XXXX. low-single our delivered a where growth return versus decline a to in
to product We revamp from repopulate roadmaps, company's developed and the to insights strengthen with have begun pipeline. innovation the process, the innovation helping newly multi-year
more there's businesses, Recreation Appliances & our time, to be and in much work This Cookware. process including and challenged particularly & Outdoor done, clearly takes
to our ensuring marketing a all with our where mindset We channels first they also a of organization, digital across the approach interaction omnichannel and focus overhauled introduce the consumers between brands seamless shop. goal and across
organization. tools beginning we're learning leverage marketing AI and we're still starting capability machine the our out and to nascent, and social Although of parts to build digital in
strategic basis and and productivity overhead operating productivity our expanding to disciplined for and tariffs. expanded pricing of margins on actions savings, through the margins priority cost overcome XXXX, to inflation points during Moving by we operating normalized second XX
reduction more also manufacturing also We making XX%, good and seven progress and two to conversions, with consolidating plants, on complexity come on four SAP reducing XXXX. initiatives, including centers front SKUs made distribution by that in
a brought completed In the third program of At we portfolio. relation to pillar, company's divestiture the US XXXX, Playing sale strengthening two-year Card, the the to of end close. the which
to Jason thank SVP like Counsel, work on General Brad acquisitions, for exemplary mergers their initiative. and our Mullins, I'd teams of and this their Turner, and
the also and expect ongoing Mapa/Spontex creation the be we XXXX, part Rubbermaid to Quickie our of which additive we products, businesses, made During decisive commercial the to value to retain as portfolio. choice formula
cash that the XXXX, improving capital our The fourth turnaround cash our job function efficient more like-for-like management. of reducing days conversion under on Chris' team tremendous than working conversion centers more through plan cycle XX in a cycle by pillar on leadership The around basis. company's did a
improved XX% than flow cash to XXXX billion. operating $X more during Our
me More with significant achievement flow free than billion, $X over organization. that. repeat cash for Let productivity the XXX%, a
sheet. And we leverage making achieving pay in our our and debt, importantly, balance the as close down to enabled this progress continue year ratio a de-risking X.X to us
notable all XXXX, business resilience I many thank functional we employees results. to good progress and pivoted fronts. to want and XX,XXX teams on our for heads, heads, In turnaround their from and unit made transformation their
is true year the XXXX turnaround. for a foundational
team direction right a priorities. set stable the and in clear place, have management a organization, We of more clarity of
We two have goals. critical
accelerate to cash stop First, restore growth. And revenue continue debt. lay the to reduce long-term generation profitable foundation and two, declines and
focusing by five goals on these achieve will We priorities. critical
the organization First, put in of team a place expertise winning create to and a culture focused in marketplace. collaborative the leadership consumer/customer with galvanize domain
Second, debt long-term to of obsessively debt reduction continuing and times net flow cash improvements focus capital operations through normalized on achieve X to our target working EBITDA.
declines and marketing and turbocharging distribution scaling revenue innovations, new by stop gaps, closing reenergizing Third, channels tail mix, online existing optimizing categories.
E&O, margins and by reducing IT systems reduction, including SKU operating Four, complexity, addressing overheads. controlling improve standardizing
And fifth, for major we've FUEL. stands out, we're launching calling capture gross efficiencies productivity and new Project opportunity FUEL untapped which finding program laid margin the to a leverage.
all efficiency, et units the cetera, product across improving initiative major value automation, engineering, will focus and plant This on business operational enterprise.
focused leadership priorities. team new to achieving being Newell at five committed executing the these laser on and The goals is against
growth will challenging in are four candor, take be because or businesses getting However, revenue still and will all in some decline. time five to
confident unit that place and back track. on the momentum get will CEOs Commercial business in new and I'm recent in Food
Our two Appliances are challenges Outdoor. big and
a up instilling for downward will enterprise. the foundational be pipeline XXXX for drag customer and overnight. Revving and innovation confidence not Hence the a will be still these they'll businesses of happen year more
about I am I'm term due near operating true improve hallmark our And Newell. more in to of ability margins cash start in about flow becoming a XXXX. to the enthusiastic head our optimistic
secret my significant responsibilities flow Peterson. success of announce chances our margins, now heighten to on to Chris I'm let and expansion cash unveil me both a excited of for And weapon.
Chief appointing Chris Officer. Operations a framework out as to in Financial has organization Business laying turnaround as addition the to in done and him reduce a great XXXX, I'm President, galvanizing complexity. job current his role
and are I company, also and very well the guru. are to He as turnaround I cash our us the flow refer of of partnering fondly junkies. in him cash both flow
to on I critical our to Supply Procurement have importance Chain our operating Dennis procurement. report Nikolopoulos, improving both take supply the of Officer, FUEL both Chris Chief Officer, oversight Given Senovich, and and and requested chain Steve margins, Project Chief of will Chris.
in Business as well Chris taking our as responsible the In In as work $XX Operations, all role advantage of of on for almost addition, President, will company aspects billion Newell enterprise be complexity relations IT. he'll efficient eliminating as an investor position and in by scale. his
keeping drive I one employees, company have and Newell our to fixated will updated I on that forward shareholders. fulfills you the that on customers, I'm our this to promises our our consumers look absolute progress. shareholder value. our conviction new our returning to
to turn it over Chris. now I'll
