Church & Dwight Reports Q1 2026 Results
Key Terms
organic sales financial
adjusted eps financial
adjusted gross margin financial
basis points financial
non-gaap financial
2026 First Quarter Results
-
Net Sales +
0.2% Reflecting Strategic Portfolio Actions -
Organic Sales +
5.0% : Domestic +5.4% | Int’l +3.7% | SPD +3.1% 1 -
Adjusted Gross Margin of
46.4% 1 (+130 Bps) -
Reported EPS
$0.91 $0.95 4.4% ) -
Cash from Operations
$174.8 million
2026 Full Year Outlook
-
Net Sales -
1.5% to -0.5% Reflecting Strategic Portfolio Actions -
Organic Sales Growth
3% to4% 1 - Adjusted Gross Margin Expansion of 100 bps
-
Reported EPS
18% to22% , Adjusted EPS5% to8% 1 -
Cash from operations
$1.15 billion
Rick Dierker, Chief Executive Officer, commented, “Our brands continue to perform exceptionally well in this dynamic macroeconomic environment. Solid category growth and the performance of our balanced portfolio of value and premium products provide further confidence in our full-year outlook. Our growth was broad-based with volume growth driven by strong innovation and distribution wins across all domestic classes of trade. Our operating model of consistent delivery of sales growth, margin expansion, and efficient working capital management leads to strong cash flow generation, fueling our investments in our existing brands and the acquisition of market leading new brands.
“In the first quarter, the Company’s domestic division grew
“Reported EPS was
First Quarter Review
Consumer Domestic net sales were
Consumer International net sales were
Specialty Products net sales were
Gross margin increased 140 basis points to
Marketing expense was
Selling, general, and administrative expense (SG&A) was
Income from Operations was
Other Expense increased
The adjusted effective tax rate decreased to
Cash Flow
The Company delivered another quarter of strong cash results in the first quarter, with cash from operations of
As of March 31, 2026, the Company’s total debt was
2026 New Products
“Innovation has always been a key driver of our organic growth, and the first quarter of this year was no exception,” said Mr. Dierker. “We are confident that our relentless focus on innovation will continue to drive industry-leading growth, distribution gains at shelf, and market share expansion. New product launches this year are expected to account for half of our organic growth as we innovate in key categories across our portfolio of industry-leading, everyday products.”
Our 2026 innovation portfolio is focused on the following:
THERABREATH™ launched its new line of toothpaste with three offerings designed to offer long-lasting fresh breath, deep cleaning, whitening, and improved gum health. Consumer reviews across multiple platforms have shown a strong average rating of 4.6. Consumers and THERABREATH™ brand loyalists appreciate the effective cleaning and flavor profile – designed to be fresh but not overpowering.
ARM & HAMMER™ Cat Litter has launched DUAL DEFENSE™ with Microban® Clumping Litter. This innovative formula delivers two layers of powerful protection: ARM & HAMMER™ odor eliminating technology that seals and destroys odors, plus Microban® antimicrobial product protection. Designed for germ conscious pet parents, DUAL DEFENSE™ litter provides elevated confidence and a fresher experience.
HERO™ is the leader in acne treatment and is now launching a platform of cleansers developed specifically for acne-prone consumers – effective, gentle on skin, and without the drying effect of many acne products. A line of three HERO™ facial cleansers will launch nationally mid-year 2026, covering a range of acne consumer cleansing needs.
HERO™ MIGHTY SHIELD™ addresses a clear and growing consumer need for invisible, under makeup pimple protection that doesn’t compromise skin or aesthetics – a need driven by fear of worsening breakouts when layering products. This liquid to patch film seals zits while they heal, lets users conceal seamlessly, and delivers the “invisible on skin” benefit creating a new usage occasion.
ARM & HAMMER™ Baking Soda is a trusted, go-to cleaning solution, and ARM & HAMMER™ is launching a Baking Soda Fresh Laundry Detergent with 10x more baking soda, leaning into its iconic Baking Soda equity. ARM & HAMMER Baking Soda Fresh detergent whitens, brightens, and delivers long-lasting freshness with a Sparkling Fresh scent. This launch expands the value tier of the ARM & HAMMER™ laundry portfolio during a time when consumers are looking for everyday value combined with reliable cleaning performance.
TROJAN™ G.O.A.T. Greatest of all Trojan™ condoms feature an ultra-flex, non-latex material that is our softest and most flexible ever. The enhanced softness and flexibility help deliver a more natural-feeling experience compared to traditional condoms. TROJAN G.O.A.T. condoms are odorless, colorless, and help enhance body heat transfer for next-level intimacy. Since the Q4 2025 launch, TROJAN G.O.A.T. condoms are now the #1 rated TROJAN branded condom on Amazon with a 4.7-star rating.
Outlook for 2026
“We delivered a strong start to 2026 and continued to grow our share. With our largest categories growing on average
“While the situation in the
“We continue to expect volume driven organic sales growth of approximately
“Full-year reported gross margin is expected to expand approximately 100 basis points. Higher volume, productivity and favorable mix from our acquisitions and portfolio actions are expected to fully offset higher inflation, tariff costs, and the latest commodity and transportation headwinds. Marketing as a percentage of sales is expected to be approximately
“We expect SG&A as a percentage of sales to remain higher when compared to 2025, reflecting the impact of the TOUCHLAND acquisition in the first half of the year and our focused investments on new growth initiatives, ecommerce and our international business. Our adjusted tax rate is expected to be approximately
“We continue to expect full-year reported EPS to increase approximately
“Cash flow from operations is expected to be approximately
“We expect organic sales growth of approximately
1 Organic Sales, Adjusted Gross Margin, Adjusted SG&A, Adjusted Income from Operations, Adjusted Tax Rate, and Adjusted EPS are non-GAAP measures. See non-GAAP reconciliations included at the end of this release. |
Church & Dwight Co., Inc. (NYSE: CHD) will host a webcast to discuss first quarter 2026 results on May 1, 2026, at 10:00 a.m. (ET). The webcast will be broadcast online and will also be available for replay from May 1, 2026, to May 8, 2026.
About Church & Dwight Co., Inc.
Church & Dwight Co., Inc. (NYSE: CHD) founded in 1846, is the leading
Church & Dwight has a longstanding heritage of commitment to people and the planet. In the early 1900’s, we began using recycled paperboard for all packaging of household products. Today, virtually all our paperboard packaging is from certified, sustainable sources. In 1970, the ARM & HAMMER™ brand introduced the first nationally distributed, phosphate-free detergent. That same year, Church & Dwight was honored to be one of a few corporate sponsors of the first annual Earth Day. Most recently in 2024 and 2025, our ongoing progress earned continued public recognition, including Time Magazine’s Ranking of the World’s Most Sustainable Companies, Newsweek Magazine’s Americas Most Responsible Companies,
This press release contains forward-looking statements, including, among others, statements relating to net sales and earnings growth; the impact of tariffs; gross margin changes; trade and marketing spending; marketing expense as a percentage of net sales; sufficiency of cash flows from operations; earnings per share; the impact of new accounting pronouncements; cost savings programs; recessionary conditions; interest rates; inflation; consumer demand and spending; the effects of competition; the effect of product mix; volume growth, including the effects of new product launches into new and existing categories; the impact of acquisitions; and capital expenditures. Other forward-looking statements in this release may be identified by the use of such terms as “may,” “could,” “expect,” “intend,” “believe,” “plan,” “estimate,” “outlook,” “forecast,” “project,” “anticipate,” “to be,” “to make” or other comparable terms. These statements represent the intentions, plans, expectations and beliefs of the Company, and are based on assumptions that the Company believes are reasonable but may prove to be incorrect. In addition, these statements are subject to risks, uncertainties and other factors, many of which are outside the Company’s control and could cause actual results to differ materially from such forward-looking statements. Factors that could cause such differences include a decline in market growth, retailer distribution and consumer demand (as a result of, among other things, political, economic and marketplace conditions and events), including those relating to the outbreak of contagious diseases; the impact of new regulations and legislation and change in regulatory priorities; shifting economic policies in
For a description of additional factors that could cause actual results to differ materially from the forward-looking statements, please see Item 1A, “Risk Factors” in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the
This press release also contains non-GAAP financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of the Company’s financial performance, identifying trends in its results and providing meaningful period-to-period comparisons. The Company has included reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated in accordance with GAAP. See the end of this press release for these reconciliations. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures. In addition, these non-GAAP financial measures may not be the same as similar measures provided by other companies due to potential differences in methods of calculation and items being excluded. They should be read in connection with the Company’s financial statements presented in accordance with GAAP.
CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES |
||||||||
Condensed Consolidated Statements of Income (Unaudited) |
||||||||
|
|
Three Months Ended |
|
|||||
(In millions, except per share data) |
|
March 31, 2026 |
|
|
March 31, 2025 |
|
||
Net Sales |
|
$ |
1,469.3 |
|
|
$ |
1,467.1 |
|
Cost of sales |
|
|
787.9 |
|
|
|
807.5 |
|
Gross Profit |
|
|
681.4 |
|
|
|
659.6 |
|
Marketing expenses |
|
|
139.4 |
|
|
|
136.6 |
|
Selling, general and administrative expenses |
|
|
251.0 |
|
|
|
227.7 |
|
Income from Operations |
|
|
291.0 |
|
|
|
295.3 |
|
Equity in earnings of affiliates |
|
|
2.3 |
|
|
|
1.6 |
|
Other income (expense), net |
|
|
(20.7 |
) |
|
|
(14.8 |
) |
Income before Income Taxes |
|
|
272.6 |
|
|
|
282.1 |
|
Income taxes |
|
|
56.3 |
|
|
|
62.0 |
|
Net Income |
|
$ |
216.3 |
|
|
$ |
220.1 |
|
Net Income per share - Basic |
|
$ |
0.91 |
|
|
$ |
0.90 |
|
Net Income per share - Diluted |
|
$ |
0.91 |
|
|
$ |
0.89 |
|
Dividends per share |
|
$ |
0.31 |
|
|
$ |
0.29 |
|
Weighted average shares outstanding - Basic |
|
|
236.5 |
|
|
|
245.8 |
|
Weighted average shares outstanding - Diluted |
|
|
238.1 |
|
|
|
248.0 |
|
CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES |
||||||||
Condensed Consolidated Balance Sheets (Unaudited) |
||||||||
(Dollars in millions) |
|
March 31, 2026 |
|
|
December 31, 2025 |
|
||
Assets |
|
|
|
|
|
|
||
Current Assets |
|
|
|
|
|
|
||
Cash and Cash Equivalents |
|
$ |
503.4 |
|
|
$ |
409.0 |
|
Accounts Receivable |
|
|
576.6 |
|
|
|
593.4 |
|
Inventories |
|
|
578.4 |
|
|
|
534.8 |
|
Other Current Assets |
|
|
62.3 |
|
|
|
59.8 |
|
Total Current Assets |
|
|
1,720.7 |
|
|
|
1,597.0 |
|
Property, Plant and Equipment (Net) |
|
|
823.9 |
|
|
|
822.8 |
|
Equity Investment in Affiliates |
|
|
12.3 |
|
|
|
10.3 |
|
Trade Names and Other Intangibles |
|
|
3,477.2 |
|
|
|
3,511.5 |
|
Goodwill |
|
|
2,629.4 |
|
|
|
2,627.5 |
|
Other Long-Term Assets |
|
|
343.0 |
|
|
|
343.3 |
|
Total Assets |
|
$ |
9,006.5 |
|
|
$ |
8,912.4 |
|
Liabilities and Stockholders’ Equity |
|
|
|
|
|
|
||
Other Current Liabilities |
|
|
1,413.4 |
|
|
|
1,497.7 |
|
Long-Term Debt |
|
|
2,205.7 |
|
|
|
2,205.1 |
|
Other Long-Term Liabilities |
|
|
1,201.4 |
|
|
|
1,207.4 |
|
Stockholders’ Equity |
|
|
4,186.0 |
|
|
|
4,002.2 |
|
Total Liabilities and Stockholders’ Equity |
|
$ |
9,006.5 |
|
|
$ |
8,912.4 |
|
CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES |
||||||||
Condensed Consolidated Statements of Cash Flow (Unaudited) |
||||||||
|
|
Three Months Ended |
|
|||||
(Dollars in millions) |
|
March 31, 2026 |
|
|
March 31, 2025 |
|
||
|
|
|
|
|
|
|
||
Net Income |
|
$ |
216.3 |
|
|
$ |
220.1 |
|
|
|
|
|
|
|
|
||
Depreciation and amortization |
|
|
62.9 |
|
|
|
60.9 |
|
Deferred income taxes |
|
|
4.5 |
|
|
|
(3.5 |
) |
Non-cash compensation |
|
|
25.7 |
|
|
|
20.7 |
|
Other |
|
|
(0.6 |
) |
|
|
1.7 |
|
Subtotal |
|
|
308.8 |
|
|
|
299.9 |
|
|
|
|
|
|
|
|
||
Changes in assets and liabilities: |
|
|
|
|
|
|
||
Accounts receivable |
|
|
13.7 |
|
|
|
6.6 |
|
Inventories |
|
|
(45.1 |
) |
|
|
(16.0 |
) |
Other current assets |
|
|
(8.3 |
) |
|
|
(7.0 |
) |
Accounts payable |
|
|
2.3 |
|
|
|
(7.8 |
) |
Accrued expenses |
|
|
(131.3 |
) |
|
|
(141.5 |
) |
Income taxes payable |
|
|
44.2 |
|
|
|
55.1 |
|
Other |
|
|
(9.5 |
) |
|
|
(3.6 |
) |
Net cash from operating activities |
|
|
174.8 |
|
|
|
185.7 |
|
|
|
|
|
|
|
|
||
Capital expenditures |
|
|
(31.9 |
) |
|
|
(16.5 |
) |
Other |
|
|
(1.6 |
) |
|
|
(0.2 |
) |
Net cash (used in) investing activities |
|
|
(33.5 |
) |
|
|
(16.7 |
) |
|
|
|
|
|
|
|
||
Payment of cash dividends |
|
|
(72.9 |
) |
|
|
(72.4 |
) |
Proceeds from stock option exercises |
|
|
16.6 |
|
|
|
19.3 |
|
Proceeds from VMS Transition Services Agreement |
|
|
36.2 |
|
|
0.0 |
|
|
Payment of business acquisition liabilities |
|
|
(19.8 |
) |
|
|
(5.9 |
) |
Deferred financing and other |
|
|
(5.0 |
) |
|
|
(2.0 |
) |
Net cash (used in) financing activities |
|
|
(44.9 |
) |
|
|
(61.0 |
) |
|
|
|
|
|
|
|
||
F/X impact on cash |
|
|
(2.0 |
) |
|
|
2.4 |
|
|
|
|
|
|
|
|
||
Net change in cash and cash equivalents |
|
$ |
94.4 |
|
|
$ |
110.4 |
|
2026 and 2025 Product Line Net Sales |
|||||||||||
|
Three Months Ended |
|
|
Percent |
|
||||||
|
3/31/2026 |
|
|
3/31/2025 |
|
|
Change |
|
|||
Household Products |
$ |
641.6 |
|
|
$ |
614.9 |
|
|
|
4.3 |
% |
Personal Care Products |
|
476.1 |
|
|
|
514.9 |
|
|
|
-7.5 |
% |
Consumer Domestic |
$ |
1,117.7 |
|
|
$ |
1,129.8 |
|
|
|
-1.1 |
% |
Consumer International |
|
273.9 |
|
|
|
261.9 |
|
|
|
4.6 |
% |
Total Consumer Net Sales |
$ |
1,391.6 |
|
|
$ |
1,391.7 |
|
|
|
0.0 |
% |
Specialty Products Division |
|
77.7 |
|
|
|
75.4 |
|
|
|
3.1 |
% |
Total Net Sales |
$ |
1,469.3 |
|
|
$ |
1,467.1 |
|
|
|
0.2 |
% |
|
|
|
|
|
|
|
|
|
|||
Non-GAAP Measures:
The following discussion addresses the non-GAAP measures used in this press release and reconciliations of these non-GAAP measures to the most directly comparable GAAP measures. These non-GAAP financial measures should not be considered in isolation from or as a substitute for the comparable GAAP measures. The following non-GAAP measures may not be the same as similar measures provided by other companies due to differences in methods of calculation and items and events being excluded.
Organic Sales Growth:
This press release provides information regarding organic sales growth, namely net sales growth excluding the effect of acquisitions, divestitures and foreign exchange rate changes. Management believes that the presentation of organic sales growth is useful to investors because it enables them to assess, on a consistent basis, sales trends related to products that were marketed by the Company during the entirety of relevant periods, excluding the impact of acquisitions, divestitures, and foreign exchange rate changes that are out of the control of, and do not reflect the performance of the Company and management.
Adjusted Gross Margin:
This press release provides information regarding adjusted gross margin, namely gross margin calculated in accordance with GAAP, as adjusted to exclude significant one-time items that are not indicative of the Company’s period-to-period performance. We believe that this metric provides investors a useful perspective of underlying business trends and results and provides useful supplemental information regarding our year over year gross margin.
Adjusted Selling, General, and Administrative Expense (SG&A):
This press release also presents adjusted SG&A, namely, SG&A calculated in accordance with GAAP, as adjusted to exclude significant one-time items that are not indicative of the Company’s period-to-period performance. We believe that this metric provides investors a useful perspective of underlying business trends and results and provides useful supplemental information regarding our year over year SG&A expense.
Adjusted Income from Operations:
This press release also presents adjusted income from operations, namely income from operations calculated in accordance with GAAP, as adjusted to exclude significant one-time items that are not indicative of the Company’s period-to-period performance. We believe that this metric provides investors a useful perspective of underlying business trends and results and provides useful supplemental information regarding our year over year income from operations.
Adjusted Other Income (expense):
This press release also presents adjusted other income (expense), namely other income (expense) calculated in accordance with GAAP, as adjusted to exclude significant one-time items that are not indicative of the Company’s period-to-period performance. We believe that this metric provides investors a useful perspective of underlying business trends and results and provides useful supplemental information regarding our year over year other income (expense).
Adjusted EPS:
This press release also presents adjusted earnings per share, namely, EPS calculated in accordance with GAAP, as adjusted to exclude significant one-time items that are not indicative of the Company’s period-to-period performance. We believe that this metric provides investors a useful perspective of underlying business trends and results and provides useful supplemental information regarding our year over year EPS growth.
CHURCH & DWIGHT CO., INC. |
|||||||||
Organic Sales |
|||||||||
|
Three Months Ended 3/31/2026 |
||||||||
|
|
|
|
|
|
|
|
|
|
|
Total |
|
Worldwide |
|
Consumer |
|
Consumer |
|
Specialty |
|
Company |
|
Consumer |
|
Domestic |
|
International |
|
Products |
Reported Sales Growth |
|
|
|
|
- |
|
|
|
|
Less: |
|
|
|
|
|
|
|
|
|
Acquisitions |
|
|
|
|
|
|
|
|
|
Add: |
|
|
|
|
|
|
|
|
|
FX / Other |
- |
|
- |
|
|
|
- |
|
|
Divestitures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Organic Sales Growth |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CHURCH & DWIGHT CO., INC. |
||||||||||||||||||
Reconciliation of GAAP Measures to Non-GAAP Measures (Unaudited) |
||||||||||||||||||
(Dollars in millions, except per share data) |
||||||||||||||||||
|
Three Months Ended March 31, 2026 |
|
||||||||||||||||
|
As Reported (US GAAP) |
|
Year-over-year GAAP Change |
|
ERP Project Costs |
|
Touchland Restricted Stock |
|
Adjusted (non-GAAP) |
|
Year-over-year Non GAAP Change |
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Net Sales |
$ |
1,469.3 |
|
$ |
2.2 |
|
$ |
0.0 |
|
$ |
0.0 |
|
$ |
1,469.3 |
|
$ |
2.2 |
|
Cost of sales |
|
787.9 |
|
|
(19.6 |
) |
|
0.0 |
|
|
0.0 |
|
|
787.9 |
|
|
(17.7 |
) |
Gross Profit |
|
681.4 |
|
|
21.8 |
|
|
0.0 |
|
|
0.0 |
|
|
681.4 |
|
|
19.9 |
|
Gross Margin |
|
46.4 |
% |
|
1.4 |
% |
|
|
|
|
|
46.4 |
% |
|
1.3 |
% |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Marketing expenses |
|
139.4 |
|
|
2.8 |
|
|
0.0 |
|
|
0.0 |
|
|
139.4 |
|
|
2.8 |
|
Percent of Net Sales |
|
9.5 |
% |
|
0.2 |
% |
|
|
|
|
|
9.5 |
% |
|
0.2 |
% |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
SG&A |
|
251.0 |
|
|
23.3 |
|
|
(5.4 |
) |
|
(6.3 |
) |
|
239.4 |
|
|
17.0 |
|
Percent of Net Sales |
|
17.1 |
% |
|
1.6 |
% |
|
|
|
|
|
16.3 |
% |
|
1.1 |
% |
||
Income from Operations |
|
291.0 |
|
|
(4.3 |
) |
|
5.4 |
|
|
6.3 |
|
|
302.6 |
|
|
0.1 |
|
Operating Margin |
|
19.8 |
% |
|
-0.4 |
% |
|
|
|
|
|
20.6 |
% |
|
0.0 |
% |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Equity in earnings of affiliates |
|
2.3 |
|
|
0.7 |
|
|
0.0 |
|
|
0.0 |
|
|
2.3 |
|
|
0.7 |
|
Other income (expense), net |
|
(20.7 |
) |
|
(5.9 |
) |
|
0.0 |
|
|
0.0 |
|
|
(20.7 |
) |
|
(5.9 |
) |
Income before Income Taxes |
|
272.6 |
|
|
(9.5 |
) |
|
5.4 |
|
|
6.3 |
|
|
284.2 |
|
|
(5.1 |
) |
Income taxes |
|
56.3 |
|
|
(5.7 |
) |
|
1.3 |
|
|
0.0 |
|
|
57.6 |
|
|
(5.4 |
) |
Net Income |
$ |
216.3 |
|
$ |
(3.8 |
) |
$ |
4.1 |
|
$ |
6.3 |
|
$ |
226.6 |
|
$ |
0.3 |
|
Net Income per share - Diluted |
$ |
0.91 |
|
|
2.2 |
% |
$ |
0.01 |
|
$ |
0.03 |
|
$ |
0.95 |
|
|
4.4 |
% |
Amounts may not add due to rounding |
|
|
|
|
|
|
|
|
|
|
|
|
||||||
(Dollars in millions, except per share data) |
|
|
|
||||||||||||||||||
|
Three Months Ended March 31, 2025 |
|
|||||||||||||||||||
|
As Reported (US GAAP) |
|
Year-over-year GAAP Change |
|
ERP Project Costs |
|
Hero Restricted Stock |
|
Business refinement costs and related impairments |
|
Adjusted (non-GAAP) |
|
Year-over-year Non GAAP Change |
|
|||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Net Sales |
$ |
1,467.1 |
|
$ |
(36.2 |
) |
$ |
0.0 |
|
$ |
0.0 |
|
$ |
0.0 |
|
$ |
1,467.1 |
|
$ |
(36.2 |
) |
Cost of sales |
|
807.5 |
|
|
(8.8 |
) |
|
0.0 |
|
|
0.0 |
|
|
(1.9 |
) |
|
805.6 |
|
|
(10.7 |
) |
Gross Profit |
|
659.6 |
|
|
(27.4 |
) |
|
0.0 |
|
|
0.0 |
|
|
1.9 |
|
|
661.5 |
|
|
(25.5 |
) |
Gross Margin |
|
45.0 |
% |
|
-0.7 |
% |
|
|
|
|
|
|
|
45.1 |
% |
|
-0.6 |
% |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Marketing expenses |
|
136.6 |
|
|
(15.4 |
) |
|
0.0 |
|
|
0.0 |
|
|
0.0 |
|
|
136.6 |
|
|
(15.4 |
) |
Percent of Net Sales |
|
9.3 |
% |
|
-0.8 |
% |
|
|
|
|
|
|
|
9.3 |
% |
|
-0.8 |
% |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
SG&A |
|
227.7 |
|
|
(2.3 |
) |
|
(1.0 |
) |
|
(2.8 |
) |
|
(1.5 |
) |
|
222.4 |
|
|
(0.3 |
) |
Percent of Net Sales |
|
15.5 |
% |
|
0.2 |
% |
|
|
|
|
|
|
|
15.2 |
% |
|
0.4 |
% |
|||
Income from Operations |
|
295.3 |
|
|
(9.7 |
) |
|
1.0 |
|
|
2.8 |
|
|
3.4 |
|
|
302.5 |
|
|
(9.8 |
) |
Operating Margin |
|
20.2 |
% |
|
-0.1 |
% |
|
|
|
|
|
|
|
20.6 |
% |
|
-0.2 |
% |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Equity in earnings of affiliates |
|
1.6 |
|
|
0.5 |
|
|
0.0 |
|
|
0.0 |
|
|
0.0 |
|
|
1.6 |
|
|
0.5 |
|
Other income (expense), net |
|
(14.8 |
) |
|
7.2 |
|
|
0.0 |
|
|
0.0 |
|
|
0.0 |
|
|
(14.8 |
) |
|
7.2 |
|
Income before Income Taxes |
|
282.1 |
|
|
(2.0 |
) |
|
1.0 |
|
|
2.8 |
|
|
3.4 |
|
|
289.3 |
|
|
(2.1 |
) |
Income taxes |
|
62.0 |
|
|
5.6 |
|
|
0.2 |
|
|
0.0 |
|
|
0.8 |
|
|
63.0 |
|
|
6.6 |
|
Net Income |
$ |
220.1 |
|
$ |
(7.6 |
) |
$ |
0.8 |
|
$ |
2.8 |
|
$ |
2.6 |
|
$ |
226.3 |
|
$ |
(8.7 |
) |
Net Income per share - Diluted |
$ |
0.89 |
|
|
-4.3 |
% |
$ |
0.0 |
|
$ |
0.01 |
|
$ |
0.01 |
|
$ |
0.91 |
|
|
-5.2 |
% |
Amounts may not add due to rounding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||
Reported and Organic Forecasted Sales Reconciliation |
|||
|
|
|
|
|
For the Quarter |
|
For the Year |
|
Ended |
|
Ended |
|
June 30, 2026 |
|
December 31, 2026 |
Reported Sales Growth |
- |
|
- |
Acquisition/Divestiture/FX/Other |
|
|
|
|
|
|
|
Organic Sales Growth |
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended
|
|
|
For the year ended
|
|
|
|
Adjusted Diluted Earnings Per Share Reconciliation (Forecasted) |
|
|
|
|
|
|
|
Diluted Earnings Per Share - Reported |
|
|
|
$ |
3.02 |
|
|
ERP Project Costs |
0.04 |
|
|
|
0.02 |
|
|
Touchland Restricted Stock |
0.10 |
|
|
|
0.05 |
|
|
Business Exit Related Impairments |
0.00 |
|
|
|
0.14 |
|
|
Hero Restricted Stock |
0.00 |
|
|
|
0.03 |
|
|
Waterpik Restructuring |
0.00 |
|
|
|
0.01 |
|
|
Touchland Earnout |
0.00 |
|
|
|
0.08 |
|
|
VMS Divestiture |
0.00 |
|
|
|
0.18 |
|
|
Diluted Earnings Per Share - Adjusted (non-GAAP) |
|
|
|
$ |
3.53 |
|
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20260501213097/en/
Lee McChesney
Chief Financial Officer
609-806-1200
Source: Church & Dwight Co., Inc.