Newell Rubbermaid eyes more cost cuts as Q1 profit grows

May 3, 2015 11:46 AM

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Newell Rubbermaid eyes more cost cuts as Q1 profit grows

Newell Rubbermaid Inc.’s “Growth Game Plan” has helped it get leaner and meaner. It’s worked so well, the Atlanta-based consumer products company announced $150 million in further cost cuts and plans to sell its Rubbermaid medical cart business, as it reported profit growth for the first quarter of 2015.

Sales in the first quarter were up 4.1 percent to $1.26 billion. Profit inched up 2.3 percent to $54.1 million, or 20 cents a share.

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