Consumer products maker Newell Rubbermaid Inc reported a higher quarterly profit, boosted by price hikes and strong demand in key markets like Latin America.

A move to exit more commoditized product categories like plastic storage boxes, shelving and wooden pencils also helped the maker of Rubbermaid containers and Sharpie pens.

Second-quarter net income rose to $130.4 million, or 41 cents a share, from $105.7 million, or 37 cents a share, a year earlier.

Excluding items, the company earned 51 cents a share.

Net sales at the company, whose other products include Graco strollers, Calphalon cookware and Paper Mate pens, fell 0.5 percent to $1.50 billion.

(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)

Manufacturing