Newell Brands Inc. (NASDAQ: NWL) issued a cautious outlook for 2026 after reporting fourth-quarter earnings that met expectations and revenue that slightly exceeded forecasts.

The consumer products company posted normalized earnings per share of $0.18 for the quarter, in line with analyst estimates. Revenue reached $1.9 billion, modestly above the consensus forecast of $1.88 billion. Core sales, however, declined 4.1% year over year.

For full-year 2026, Newell Brands projected normalized earnings of $0.54 to $0.60 per share, with the midpoint matching analyst expectations of $0.58. The company expects net sales to range from a 1% decline to 1% growth, while core sales are projected to range from a 2% decline to flat.

The company reported improvement in fourth-quarter profitability, with normalized operating margin rising to 8.7% from 7.1% a year earlier, reflecting benefits from restructuring and productivity initiatives.

Investor sentiment was pressured by Newell's first-quarter 2026 outlook, which calls for a normalized loss of $0.08 to $0.12 per share.