Graco 2014 Annual Report Download

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BUILDING
MOMENTUM
Having now established a track record of
consistent delivery, we are building momentum
as we progress through the second phase of a
three-phase transformation under our Growth
Game Plan strategy.
2014 Annual Report

Table of contents

  • Page 1
    2014 Annual Report Building momentum Having now established a track record of consistent delivery, we are building momentum as we progress through the second phase of a three-phase transformation under our Growth Game Plan strategy.

  • Page 2
    ... In 2014, Newell Rubbermaid's core sales grew 3 percent, despite approximately 60 basis points of negative impact from planned exits of non-strategic business in Europe, Middle East and Africa and in Michael B. Polk President and Chief Executive Officer Newell Rubbermaid 2 2014 Annual Report

  • Page 3
    ... the Lenox® brand. Commercial Products' core sales grew 7.2 percent, reflecting pricing and strong volume growth in North America as we supported key product lines such as Brute® trash cans and Rubbermaid® HYGEN™ microfiber, as well as distribution gains in emerging markets such as Brazil and...

  • Page 4
    ... scale across brands to maximize our return on marketing investment. Our investments in winning capabilities are also starting to pay off. We significantly increased the resources dedicated to consumer research and insights and revamped our new product development process. In early 2014, we opened...

  • Page 5
    ... Rubbermaid Consumer business for profitable growth by pulling back on certain low-margin product lines. And we announced our intentions to exit our Calphalon® Kitchen Electrics and outlet stores and the Endicia® online postage business. our ongoing open market share repurchase authorization by...

  • Page 6
    ... Creating a faster growing, more global and more profitable company. WIN BIGGER BUSINESSES ARE WINNING BIGGER BRAND BUILDING AND CAPABILITY INVESTMENTS ARE PAYING OFF STRENGTHENING THE PORTFOLIO TO ACCELERATE GROWTH BUILDING AN "I WANT TO WORK HERE" CULTURE Newell Rubbermaid 6 2014 Annual Report

  • Page 7
    ... educational tools such as writing instruments are increasingly valued. In 2014, the Writing segment grew core sales 7.8 percent, led by strong double-digit core growth in Latin America and healthy mid-single-digit growth in North America. We significantly increased advertising and marketing support...

  • Page 8
    ... key markets across the globe, including Brazil. Commercial Products our Commercial Products growth efforts in latin america are focused on expanding distribution and gaining market share in key verticals such as Healthcare, Hospitality and manufacturing. Newell Rubbermaid 8 2014 Annual Report

  • Page 9
    ... SYSTEM YOUR CHILD GROWS EXTENSIONS METAL AND MASONRY BITS DOUBLE-ENDED BITS DOUBLE-ENDED COMBINATION BITS so © Graco Children's Products Inc. 2014 NUTSETTERS © 2014 BY RUBBERMAID COMMERCIAL PRODUCTS LLC 8900 NORTHPOINTE EXECUTIVE DRIVE, HUNTERSVILLE, NC 28078 SHOULD THEIR STROLLER MODES...

  • Page 10
    ... building block of our Growth Game Plan will help expand the company's e-commerce business and accelerate online sales growth worldwide. On the customer development side, we are investing in shopper marketing programs to fuel growth via brand building, equity-driving promotions and improved in-store...

  • Page 11
    ... award-winning City Mini® stroller, Baby Jogger offers a full line of quality products designed for modern, urban, active parents. With sales in more than 70 countries, Baby Jogger also enhances the scale of our Baby business in geographic markets outside North America. IGNITE HOLDINGS Accretive...

  • Page 12
    ... modules in many languages; plus opportunities for stretch assignments and roles on project teams. FORMED EMPLOYEE INSIGHTS TEAM TO ENHANCE EMPLOYEE ENGAGEMENT LAUNCHED MY GPS CAREER DEVELOPMENT TOOL INTRODUCED TALENT ROADMAP SUCCESSION PLANNING PROCESS Newell Rubbermaid 12 2014 Annual Report

  • Page 13
    ... busy families get their lives in order so they are free to live it, to inspiring home cooks to express and share their culinary passion, our Home Solutions segment comprises some of the company's most iconic brands, helping to meet consumers' needs every day. $1.7 Billion wRiting in annual SaleS...

  • Page 14
    ...moms build the confidence to enjoy the wonders of parenthood, or creating sleek and lightweight products for active parents on the go, Graco, Baby Jogger and Aprica help parents and children worldwide get the most out of life. $0.8 Billion in annual SaleS Newell Rubbermaid 14 2014 Annual Report

  • Page 15
    ... 2012 2013 2014 2012 2013 2014 2012 2013 2014 2014 NET SALES BY SEGMENT (in billions) 2014 NORMALIZED OPERATING INCOME BY SEGMENT (in millions) Writing Home Solutions Tools Commercial Products Baby & Parenting Writing Home Solutions Tools Commercial Products Baby & Parenting Corporate...

  • Page 16
    ... B. davies Chief marketing & insights officer Kristine l. Juster President writing Joseph A. Arcuri President Home Solutions Jeffrey d. hohler President tools neil R. eibeler President Commercial Products laurel m. hurd President Baby & Parenting Newell Rubbermaid 16 2014 Annual Report

  • Page 17
    ...2 Christopher d. o'leary 3, 4 executive Vice President and Chief operating officer, international - General mills, inc. Jose ignacio Perez-lizaur executive Vice President, operations (retired) - Sam's Club division of wal-mart Stores, inc. 1, 3 3 4 5 * Newell Rubbermaid 17 2014 Annual Report

  • Page 18
    .... Corporate Headquarters 3 Glenlake Parkway Atlanta, GA 30328 Phone: (770) 418-7000 STOCKHOLDER ACCOUNT MAINTENANCE Communications concerning the transfer of shares, lost certificates, dividends, dividend reinvestment, duplicate mailings or change of address should be directed to the Transfer Agent...

  • Page 19
    ...100 on December 31, 2009, and the reinvestment of dividends. COMPARISON OF CUMULATIVE FIVE-YEAR TOTAL RETURN $300 $250 $200 $150 $100 $50 $0 2009 2010 Newell Rubbermaid Inc. 2011 2012 S&P 500 Index 2013 2014 DJ Consumer Goods Index 2009 Newell Rubbermaid Inc. S&P 500 Index DJ Consumer...

  • Page 20
    ... (0.7)% (2.1)% (3.0)% aS rePorted 2014 writing Commercial Products tools total $1,708.9 837.1 852.2 $3,398.2 2013 $1,653.6 785.9 817.9 $3,257.4 increase $ 55.3 51.2 34.3 $140.8 2014 $1,785.4 842.7 871.4 $3,499.5 Core SaleS(1) 2013 $1,656.1 786.4 820.1 $3,262.6 (1) "Core Sales" is determined by...

  • Page 21
    ... restructuring-related costs Product recall costs Venezuela inventory charges advisory costs acquisition & integration costs Pension settlement charge normalized operating income normalized operating margin Change-basis points normalized oPeratinG marGin years ended december 31, 2014, 2013 and 2012...

  • Page 22
    ... & Parenting normalized income for 2014 excludes $1.3 million of costs associated with the acquisition of Baby Jogger. (5) normalized income for 2014 excludes $65.4 million of settlement charges associated with the settlement of u.S. pension liabilities. Newell Rubbermaid 22 2014 Annual Report

  • Page 23
    ....5 $82.0 13.7 4.6 $100.3 14.7% 580 2013 $698.2 $ (15.7) 69.9 8.0 $ 62.2 8.9% diluted ePS, as reported restructuring & restructuring-related costs Product recall costs Venezuela devaluation Venezuela inventory charges advisory costs acquisition & integration costs Pension settlement charge losses on...