Welcome to our dedicated page for Church & Dwight news (Ticker: CHD), a resource for investors and traders seeking the latest updates and insights on Church & Dwight stock.
Church & Dwight Co., Inc. reports developments for a consumer products manufacturer built around sodium bicarbonate, household care, personal care and specialty products. Its updates commonly cover sales trends across Consumer Domestic, International and Specialty Products, brand performance for ARM & HAMMER, OXICLEAN, THERABREATH, HERO, WATERPIK, BATISTE and TOUCHLAND, and launches in cat litter, oral care and other household or personal care categories.
Company news also includes dividend declarations, earnings webcasts, analyst presentations, acquisition and portfolio actions, productivity and margin commentary, and cash-flow uses tied to brand investment and acquisitions.
Finishing Touch Flawless, a beauty brand under Church & Dwight Co. (NYSE: CHD), has announced a partnership with actress Halle Berry. Berry will feature in a multi-media campaign launching in January 2021, which includes television, print, and social media. Brand manager Hayley Parisi emphasized Berry's embodiment of the brand's mission to empower women. Halle Berry is recognized as a trailblazer for women of color and is being celebrated for her philanthropic efforts. Finishing Touch Flawless has been a top seller for hair removal products in the U.S. for three consecutive years.
Gryphon Investors has successfully sold its portfolio company, Matrixx Initiatives, Inc., to Church & Dwight Co., Inc. (NYSE: CHD) as of December 1, 2020. Matrixx, based in Bridgewater, NJ, is known for its Zicam cold remedy products. Since Gryphon's investment in December 2017, strategic enhancements led by CEO Marc Rovner have accelerated growth, particularly in e-commerce and product innovation. Gryphon continues to focus on the Consumer Health sector, highlighting its proactive investment strategy.
Church & Dwight Co. (NYSE: CHD) has completed the acquisition of Matrixx Initiatives, owner of the ZICAM™ brand, for $530 million. This stock purchase, funded through cash and debt, aims to enhance CHD's portfolio with Zicam, the leading zinc supplement in the U.S. Zicam's annual net sales are projected at approximately $90 million, with EBITDA around $36 million. The acquisition is expected to generate $5 million in annual cost savings by 2022 and be 3% accretive to cash earnings in 2021. The integration will be discussed during a management call on December 1, 2020.
Church & Dwight Co. reported Q3 2020 EPS of $0.85, a 37.1% increase YoY, with adjusted EPS at $0.70. Net sales rose 13.9% to $1.24 billion, driven by heightened consumer demand due to COVID-19. Organic sales grew 9.9%, primarily from volume increases. Notable growth was seen in household and personal care products. The company anticipates a full-year sales growth of about 11% and raised EPS expectations to $2.79-$2.81. Despite challenges such as gross margin contraction and supply chain costs, investments in marketing and product innovation are expected to drive future growth.
Church & Dwight Co. (NYSE:CHD) has declared a quarterly dividend of $0.24 per share, marking the 479th consecutive quarterly dividend. This dividend will be payable on December 1, 2020 to shareholders on record as of November 16, 2020. The company, known for its wide range of personal care and household products under the Arm & Hammer brand, continues to demonstrate financial stability and commitment to its investors through regular dividend payments.
Church & Dwight Co., with the stock symbol CHD, will hold a conference call on October 29, 2020, at 10:00 a.m. Eastern time to discuss its third quarter earnings results. Interested participants can join by calling 877-322-9846 in the U.S. or 631-291-4539 internationally, using access code 9285485. A replay will be available at 855-859-2056. Additionally, the call can be accessed via webcast from the Investor Relations section of the company's website. Church & Dwight manufactures a variety of products under the ARM & HAMMER brand and other trademarks.
CR Brands has launched ARM & HAMMER Essentials Disinfecting Wipes, now available at major retailers across the U.S. These wipes feature a citrus-based formula that effectively kills 99.9% of viruses and bacteria, including COVID-19, without harsh chemicals. CEO Tim Harrison noted the longstanding trust in the ARM & HAMMER brand, highlighting increased demand for sanitizing products amid the pandemic. The wipes meet EPA criteria for use against SARS-CoV-2. This launch aligns with CR Brands' strategy to expand its product offerings under recognized brands.