Newell net income rises

 

27 April 2006 – Atlanta (GA): Newell Rubbermaid has posted a rise in Q1 net income.

 

Including discontinued operations, net income rose to $54.8 million, or EPS of $0.20, from $36.6 million, or EPS of $0.13 in 2005. 
Earnings from continuing operations fell to $56.4 million, or EPS of $0.21, from $89.4 million, or EPS of $0.33 the year before. The results include charges of $50.9 million for writing down goodwill and $29.8 million for restructuring.  
Sales rose 8.9 per cent to $1.48 billion.