Church & Dwight Q4 sales beat, raises dividend 4%; FY adjusted EPS $3.17, guides 7-9% EPS growth in 2024

CHURCH & DWIGHT CO INC /DE/

2023-FY EPS reported $3.05 revenue$5,867,900,000

Q4 net sales $1,528.0M (+6.4% YoY); organic sales +5.3%, above 4% outlook.
Q4 adjusted EPS $0.65 vs $0.62; FY adjusted EPS $3.17 (+6.7% YoY), above $3.15 guidance.
Dividend increased 4% to $0.28375/quarter; payable March 1, 2024; 28th consecutive increase.
2024 outlook: organic sales growth 4-5%, adjusted EPS growth 7-9% (midpoint $3.42), cash from ops ~$1.0B.
Q4 repurchased 3.3M shares for $300M; FY cash from operations $1.03B (record).

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHURCH & DWIGHT CO INC /DE/ reported quarter ended December 31, 2023 results: revenue $1,528.0 million, EPS $0.62.

Period: quarter ended December 31, 2023
Revenue: $1,528.0 million
EPS: $0.62
Result: reported results

Exact text from the filing

year Adjusted EPS exceeded the Company’s outlook of $3.15, driven by higher sales, higher gross margin and a lower tax rate, partially offset by higher SG&A. Q4 net sales were $1,528.0 million, a $92.0 million or 6.4% increase compared to net sales in Q4 2022. This exceeded the Company’s outlook of 5% growth. Organic sales increased 5.3% 1 , exceeding the Company’s

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Source: SEC EDGAR

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