Church & Dwight Q1 beats; raises FY sales, EPS, cash flow guidance

CHURCH & DWIGHT CO INC /DE/

2023-Q1 EPS reported $0.82 revenue$1,429,800,000

Q1 net sales $1,429.8M (+10.2% YoY); organic sales +5.7% (pricing/mix +5.7%, volume flat).
Reported EPS $0.82; Adjusted EPS $0.85 (+2.4% YoY), above outlook of $0.75.
Gross margin +90 bps to 43.5%; operating cash flow $273.1M, up $120.3M YoY.
FY 2023 outlook raised: sales growth 6-7% (prev 5-7%), organic sales 3-4% (prev 2-4%), adjusted EPS growth 2-4% (prev 0-4%).
Full-year cash from operations raised to ~$950M (prev $925M); capex ~$250M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHURCH & DWIGHT CO INC /DE/ reported quarter ended March 31, 2023 results: revenue $1,429.8 million, EPS $0.85.

Period: quarter ended March 31, 2023
Revenue: $1,429.8 million
EPS: $0.85
Result: reported results

Exact text from the filing

CHD) today announced the Company exceeded its outlook with double digit sales growth and 90 basis points of gross margin expansion. In the first quarter net sales grew 10.2% to $1,429.8 million. The Company continues to experience strong consumer demand for many of its products. Organic sales grew 5.7%driven by positive product mix and pricing of 5.7% while volume was

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHURCH & DWIGHT CO INC /DE/ updated its full year 2023 guidance (raised).

Period: full year 2023
Guidance: raised
Result: guidance update

Exact text from the filing

Net Sales raised to +6 to 7%; Organic Sales raised to +3 to 4%1 • Reported EPS raised to +73% to 77% • Adjusted EPS raised to +2% to +4%1 • Cash from operations raised to ~$950 million

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Source: SEC EDGAR

accession 0000950170-23-014990

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