Church & Dwight Co., Inc.'s Stock Analysis

Church & Dwight Reports Q2 2025 Results and Strategic Changes

Church & Dwight Co., Inc. reported its financial results for the second quarter of 2025, highlighting a slight decrease in net sales by 0.3% to $1.506 billion, while organic sales increased by 0.1%, meeting the high end of its quarterly outlook. The company's reported earnings per share (EPS) was $0.78, with adjusted EPS rising to $0.94, exceeding expectations due to higher organic sales and profit margins. The Domestic Division experienced a 1.0% organic sales decline, while the International Division saw a 4.8% organic growth. Notably, the company completed its acquisition of Touchland, a fast-growing hand sanitizer brand, which is expected to enhance its portfolio.

In terms of strategic initiatives, Church & Dwight announced plans to exit the FLAWLESS, SPINBRUSH, and WATERPIK showerhead businesses by early 2026, resulting in pre-tax charges of approximately $51 million. The company is also focusing on revitalizing its Vitamin brands and streamlining its supply chain. Marketing investments increased by 30 basis points, and e-commerce represented 23% of total consumer sales in Q2. The company anticipates modest sales growth for 2025, with reported sales growth projected between 0 to 2%, alongside an adjusted EPS growth of 0 to 2%. Cash flow from operations for the first half of 2025 was $416.5 million, with total debt at $2.2 billion and cash on hand at $923.2 million.

Aug 01, 2025 07:07:13

Church & Dwight Secures $2 Billion Revolving Credit Facility

Church & Dwight Co., Inc. has entered into a new Credit Agreement providing a $2.0 billion revolving credit facility, which can be increased to $2.75 billion. This facility replaces a previous $1.5 billion agreement and matures on July 17, 2030. The interest rates on borrowings will be based on various benchmark rates or a base rate, with margins determined by the company's credit rating.

The new Credit Agreement includes customary covenants and requires the company to maintain an interest coverage ratio of at least 3.75 to 1.00. It also outlines potential events of default, such as failure to make payments or breaches of covenants. The previous credit agreement was terminated, and all outstanding amounts were fully repaid.

Jul 18, 2025 16:31:03

Church & Dwight Reports Q1 2025 Earnings and Outlook Update

Church & Dwight Co., Inc. announced its first quarter results for 2025, reporting a net sales decrease of 2.4% to $1,467.1 million, which fell short of the company's growth expectations. The company experienced a decline in domestic organic sales by 3.0%, attributed to lower volume and reduced retailer inventory levels. However, adjusted earnings per share (EPS) was reported at $0.91, exceeding the company’s outlook of $0.90. The international division saw organic sales growth of 5.8%, while the Specialty Products Division also experienced a 3.2% increase in organic sales despite an overall decline in net sales for that segment. Cash from operations for the quarter was $185.7 million, a decrease from the previous year due to lower cash earnings and working capital timing issues.

The company updated its full-year outlook, now projecting organic sales growth of 0% to 2%, down from the previous estimate of 3% to 4%. Adjusted EPS growth is also revised to 0% to 2%, reflecting challenges in recovery from retailer destocking and slower category growth. Additionally, Church & Dwight is taking strategic actions to streamline its portfolio by shutting down or selling certain underperforming businesses, which is expected to result in a one-time charge in the second quarter. The company anticipates a gross tariff exposure of approximately $190 million, with efforts in place to mitigate this through supply chain adjustments.

May 01, 2025 07:03:11

Church & Dwight Reports $1.156 Billion Cash from Operations

Church & Dwight Co., Inc. reported fourth quarter and full year results for 2024, with net sales growth of 4.1% and cash from operations reaching $1.156 billion. The company exceeded its sales outlook, driven by strong consumer demand and organic sales growth. Notably, the Domestic Division and International Division both experienced organic growth, contributing to overall positive performance. Additionally, the company announced a 4% increase in its quarterly dividend, marking 29 consecutive years of dividend growth.

However, the reported EPS for the full year decreased by 22.3% compared to 2023, primarily due to non-cash asset impairment charges in the vitamin business. The Specialty Products Division faced a decline in net sales, reflecting the exit of certain businesses. While gross margin expanded, the overall increase in expenses and a higher effective tax rate also presented challenges. The company anticipates cautious consumer behavior in 2025 amid ongoing inflationary pressures.

Jan 31, 2025 07:06:02

Church & Dwight Q3 2024 Net Sales Reach $1.51 Billion

Church & Dwight Co., Inc. reported a 3.8% increase in net sales for Q3 2024, reaching $1,510.6 million, driven by strong consumer demand across its product portfolio. The company also saw organic sales grow by 4.3%, with notable increases in both domestic and international markets. Adjusted EPS rose by 6.8% to $0.79, exceeding expectations, while cash flow from operations for the first nine months reached approximately $863.9 million, with a full-year estimate of around $1.1 billion. The company attributed its success to effective marketing strategies and new product launches, which contributed to overall growth in its consumer divisions. 

On the downside, Church & Dwight reported a loss per share of -$0.31 due to non-cash asset impairment charges related to its vitamin business, amounting to $357.1 million before tax. This impairment has led to a projected decline in reported EPS of approximately 23% for the full year. Additionally, while the company anticipates continued growth, it remains cautious about the US consumer environment and category growth rates for Q4, which may impact future performance.

Nov 01, 2024 07:02:15

Church & Dwight Announces CEO Transition and Leadership Changes

Church & Dwight has announced that Rick Dierker will be promoted to CEO starting March 31, 2025, following the leadership of Matt Farrell, who has significantly increased the company's market value and driven successful acquisitions. The board expressed gratitude for Farrell's contributions and confidence in Dierker's ability to lead the company forward, citing his extensive experience and established relationships within the organization.

Dierker, who has been with the company for 15 years, emphasized his commitment to sustaining the company’s innovative culture and continued growth. He expressed confidence in the team and the company’s strong brands, suggesting a positive outlook for future success. This leadership transition reflects a strategic choice to maintain continuity while also evolving the company's successful business model.

Sep 16, 2024 16:36:28

Church & Dwight Reports Strong Q2 2024 Financial Results

Church & Dwight Co., Inc. reported impressive Q2 2024 results, with net sales up 3.9% and adjusted EPS exceeding expectations. The company attributed growth to strong consumer demand across all divisions and successful new product launches. Gross margin expanded significantly, contributing to robust cash flow. However, the Specialty Products Division faced challenges, including an 8.6% sales decline due to strategic business exits. Overall, the company raised its full-year outlook, reflecting confidence in continued growth.

Aug 02, 2024 07:05:33

Church & Dwight Co., Inc. Exceeds Q1 Expectations

Church & Dwight Co., Inc. surpassed Q1 projections with a 5.1% net sales increase, 220 bps gross margin expansion, and reported EPS growth of 13.4%. The company raised its full-year outlook for gross margin and EPS, expecting 4-5% net sales growth. Strong consumer demand, organic sales growth, and efficient cash flow generation were highlighted. The company's global divisions showed exceptional growth, with plans for a strategic acquisition in Japan. New product launches, including premium laundry detergents and innovative cat litter, aim to drive further growth.

May 02, 2024 07:06:02

Church & Dwight Co., Inc. Reports Strong 2023 Results and Positive 2024 Outlook

Church & Dwight Co., Inc. reported strong 2023 results with net sales, gross margin, and EPS exceeding outlook. 2024 outlook includes 4-5% net sales growth and 7-9% EPS growth. The company announced a 4% dividend increase, achieved over $1 billion in cash from operations for the first time, and made strategic acquisitions. Additionally, the Board declared a 4% increase in the quarterly dividend and a share repurchase of 3.3 million shares in Q4.

Feb 02, 2024 07:09:37