Newell Rubbermaid Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported net sales of $1,560.8 million against $1,526.0 million a year ago. Operating income was $101.9 million against $113.5 million a year ago. Loss before income taxes was $92.8 million against profit of $59.7 million a year ago. Net income was $13.2 million against $52.0 million a year ago. Diluted earnings per share were $0.05 against $0.19 a year ago. Net loss from continuing operations was $79.7 million against profit of $49.3 million a year ago. Diluted loss per share from continuing operations was $0.30 against profit of $0.18 a year ago. Non-GAAP operating income was $214.2 million against $204.6 million a year ago. Non-GAAP income before income taxes was $196.7 million against profit of $184.0 million a year ago. Non-GAAP net income was $161.1 million against $135.3 million a year ago. Non-GAAP diluted earnings per share were $0.56 against $0.49 a year ago. Non-GAAP net income from continuing operations was $161.1 million against profit of $135.3 million a year ago.

For the year, the company reported net sales of $5,915.7 million against $5,727.0 million a year ago. Operating income was $601.4 million against $604.7 million a year ago. Income before income taxes was $337.5 million against profit of $462.1 million a year ago. Net income was $350 million against $377.8 million a year ago. Diluted earnings per share were $1.29 against $1.35 a year ago. Net income from continuing operations was $259.3 million against profit of $373.0 million a year ago. Diluted income per share from continuing operations was $0.96 against profit of $1.34 a year ago. Net cash provided by operating activities was $565.8 million against $634.1 million a year ago. Capital expenditures was $211.4 million against $161.9 million a year ago. Non-GAAP operating income was $848.6 million against $792.6 million a year ago. Non-GAAP income before income taxes was $771.1 million against profit of $728.8 million a year ago. Non-GAAP net income was $590.7 million against $557.8 million a year ago. Non-GAAP diluted earnings per share were $2.18 against $2.00 a year ago. Non-GAAP net income from continuing operations was $590.7 million against profit of $557.8 million a year ago.

For the fiscal 2016, the company reaffirmed core sales growth and normalized EPS guidance metrics excluding Venezuelan operations. Core sales growth of 4.0% to 5.0%, normalized EPS of $2.21 to $2.30 and diluted EPS of $1.81 to $1.90. The company now expects foreign currency to have a negative impact of about $0.26 to $0.28 per diluted share on 2016 normalized EPS driven by the stronger U.S. dollar to most currencies. The 2016 normalized EPS guidance represents strong double-digit earnings growth on a currency neutral basis. The 2016 normalized EPS guidance range excludes between $140 and $160 million of Project Renewal restructuring and other Project Renewal transformation costs.