earnings
confidence high
sentiment negative
materiality 0.75
Church & Dwight reports Q1 EPS $0.83, beats outlook; cuts FY22 EPS growth view to low end of 4-8%
CHURCH & DWIGHT CO INC /DE/
2022-Q1 EPS reported
$0.83
revenue$1,297,200,000
- Q1 net sales $1,297.2M (+4.7% YoY); organic sales +2.7%; EPS $0.83 (flat adj. YoY, vs outlook $0.75).
- Full-year 2022 adjusted EPS growth now expected at low end of 4-8% (approx. 4% growth) due to $85M incremental cost inflation.
- Q2 2022 EPS guidance $0.70, an 8% decrease from prior-year adjusted EPS; gross margin contraction of 200 bps expected.
- Cost inflation now expected at $240M vs prior $155M; additional price increases on Fabric Care and Litter in July 2022.
- Operating cash flow $152.8M in Q1; full-year cash from ops ~$920M; capex expected $200M.