Overview
Church & Dwight Q3 net sales rise 5%, beating analyst expectations
Adjusted EPS for Q3 at $0.81, exceeding company outlook
Says Adjusted EPS beat its outlook of $0.72 mainly on higher-than-expected volume and gross margin results
Outlook
Church & Dwight raises full-year net sales growth forecast to approximately 1.5%
Company expects full-year adjusted EPS of approximately $3.49
Church & Dwight increases cash flow from operations outlook to ~$1.2 bln
Result Drivers
VOLUME GROWTH - Organic sales increased 3.4% driven by volume growth of 4.0%, partially offset by negative pricing and mix of 0.6%
INTERNATIONAL GROWTH - International Division organic growth was 7.7%, driven by broad-based share gains across subsidiaries and Global Markets Group
TOUCHLAND ACQUISITION - First quarter of ownership of TOUCHLAND exceeded initial expectations, contributing positively to results
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.58 bln
$1.53 bln (15 Analysts)
Q3 Adjusted EPS
Beat
$0.81
$0.73 (16 Analysts)
Q3 EPS
$0.75
Q3 Net Income
$182.20 mln
Q3 Gross Profit
$714.40 mln
Q3 Operating Income
$254.60 mln
Q3 Pretax Profit
$236.20 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 8 "hold" and 6 "sell" or "strong sell"
The average consensus recommendation for the household products peer group is "buy."
Wall Street's median 12-month price target for Church & Dwight Co Inc is $100.00, about 18.2% above its October 30 closing price of $81.80
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 27 three months ago
Press Release: ID:nBw2ZqC36a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)