Newell Brands (NYSE:NWL), Atlanta, GA, reported sales for the first quarter of $1.3 billion, an increase of 4 percent year-over-year. Profit decreased 25.1 percent to $40.5 million.
Formerly known as Newell Rubbermaid, the company rebranded to Newell Brands in mid-April following the completion of the Newell Rubbermaid and Jarden Corp. merger.