Church & Dwight Q1 beats; raises full-year EPS & gross margin outlook

CHURCH & DWIGHT CO INC /DE/

2024-Q1 EPS reported $0.93 revenue$1,503,300,000

Q1 net sales $1,503M (+5.1% YoY); organic sales +5.2%, driven by volume +3.7%.
Reported EPS $0.93 (+13.4%); Adjusted EPS $0.96, above outlook of $0.85.
Gross margin expanded 220 bps to 45.7%; full-year margin expansion raised to +75 bps.
Full-year adjusted EPS growth raised to 8-9% (from 7-9%); cash from ops ~$1.05B.
Agreed to acquire Japan distributor Graphico for ~$35M, expected to close later in 2024.

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 the quarter ended March 31, 2024 results: revenue $1,503.3 million, EPS $0.93. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $1,503.3 million
EPS: $0.93
Guidance: raised
Result: reported results

Exact text from the filing

(NYSE: CHD) today announced the Company exceeded its outlook with stronger than expected sales growth and gross margin expansion. In the first quarter, net sales grew 5.1% to $1,503.3 million, gross margin expanded by 220 basis points, and reported EPS grew 13.4%. The Company continues to drive strong consumer demand across its portfolio. Organic sales grew 5.2%

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Source: SEC EDGAR

accession 0000950170-24-051562

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