earnings
confidence high
sentiment positive
materiality 0.75
Church & Dwight Q3 adj EPS $0.80 beats $0.70 outlook; announces $1B buyback, pricing on 80% of portfolio
CHURCH & DWIGHT CO INC /DE/
2021-Q3 EPS reported
$2.68
revenue$3,821,400,000
- Q3 net sales $1,311.4M (+5.7% YoY); organic sales +3.7% vs 1.5% outlook; adjusted EPS $0.80 vs $0.70 outlook.
- FY 2021 guidance: reported sales growth ~5.5%, organic ~4%, adjusted EPS growth +6% on top of 15% in 2020.
- Board authorized $1B stock repurchase program; prior program terminated; ~250M shares outstanding.
- Input cost inflation estimate raised to $170M (from $125M); gross margin expected to decline 170 bps (previously 75 bps).
- Pricing actions cover 50% of portfolio effective July/Oct 2021, additional 30% in Q1 2022; Q4 adj EPS forecast $0.61 (+15% YoY).