Newell Rubbermaid posts Q3 gains

ATLANTA — Newell Rubbermaid reported an earnings increase of 9.7% for the quarter, driven by a strong showing in its stationery sector. For 2016, the company projected per-share adjusted earnings of $2.35 to $2.44 on sales growth of 2.5% to 3.5%. The projection is in line with analyst expectations of $2.41 a share on 3% sales growth. CEO Michael Polk called the results “just about the strongest quarter we’ve seen in many, many years.” Newell Rubbermaid announced last month that it has agreed to buy Elmer’s Products, the manufacturer of Krazy Glue and X-Acto knives. It is also moving to sell off its window treatment brand. “The décor business doesn’t really overlap well with our portfolio,” Polk explained.