Edgewell Personal Care Company reports news around a focused personal-care portfolio of shaving, sun and skin care, grooming and personal-wipe brands. Its brand roster includes Schick, Wilkinson Sword, Billie, Edge, Skintimate, Banana Boat, Hawaiian Tropic, Bulldog, Jack Black, Cremo and Wet Ones, with operations in more than 50 markets.
Recurring updates include fiscal earnings, organic sales and adjusted profit measures, cash flow and leverage commentary, restructuring and cost-efficiency programs, product marketing for Schick and Skintimate, and sustainability initiatives such as disposable-razor recycling. Company news also reflects the completed sale of the Feminine Care business and the resulting discontinued-operations presentation.
Edgewell Personal Care Company [NYSE: EPC] announced the appointment of Priscilla Kasenchak as Chief Accounting Officer (CAO). Mrs. Kasenchak previously served in the same role at the Bountiful Company and has extensive consumer industry experience, known for developing high-performing teams. She will be based in Shelton, Connecticut, and report to Chief Financial Officer Dan Sullivan. Edgewell, a leading consumer products company, operates in over 50 markets with brand names like Schick®, Playtex®, and Banana Boat®.
On December 21, 2021, Edgewell Personal Care Company (NYSE: EPC) announced its commitment to climate change and transparency by disclosing its environmental performance through CDP, its first year participating. The company aims to reduce GHG emissions by 50% by 2030 compared to 2019 levels and to achieve carbon neutrality across its operations by the same year. Edgewell received a B- rating from CDP, reflecting its commitment to environmental stewardship. Over 75% of the S&P 500 disclose through CDP, highlighting the demand for transparency from investors and policymakers.
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Edgewell Personal Care Company (NYSE: EPC) has announced stock options and restricted stock units grants to Billie, Inc.'s co-founders, totaling 90,000 and 70,657 Edgewell shares, respectively. The grants vest in increments from December 2022 to December 2024, tied to continued employment. This is part of Edgewell's strategic acquisition of Billie, which enhances its position in the women's shaving market alongside brands like Schick and Skintimate. Additionally, an equity award program for Billie employees will cover 36,055 shares, supporting further integration and talent retention.
Edgewell Personal Care Company (NYSE: EPC) has acquired Billie Inc., a U.S.-based brand known for women’s personal care products, in an all-cash deal valued at $310 million, subject to adjustments. The acquisition enhances Edgewell's footprint in the women’s shaving market, complementing established brands like Schick and Skintimate. Billie, founded in 2017, is expected to boost Edgewell's digital capabilities and market presence. The transaction is anticipated to positively impact Edgewell's adjusted cash earnings per share in fiscal 2022 and was financed through available cash and revolver capacity.
Edgewell Personal Care Company (NYSE: EPC) has announced its upcoming participation in two key investor conferences. The first is the Morgan Stanley Global Consumer & Retail Conference on November 30, 2021, featuring presentations by Rod Little, President and CEO, and Dan Sullivan, CFO, scheduled for 8:00 AM ET. The second is the BofA Securities 2021 Leveraged Finance Conference on December 2, 2021, with Dan Sullivan presenting at 7:30 AM ET. Interested parties can access the live webcasts through Edgewell's website, with replays available post-event.
On November 18, 2021, Edgewell Personal Care Company (NYSE: EPC) announced an enhanced climate commitment under its Sustainable Care 2030 strategy. The company aims to cut its absolute greenhouse gas (GHG) emissions by 50% by 2030 compared to 2019 levels, a significant increase from its prior 10% reduction goal. Edgewell also seeks to achieve carbon neutrality across its global operations during the same period. In addition, the company is focusing on sustainable product innovation and reducing waste, with ambitious targets for recycled materials in its packaging.
Edgewell Personal Care Company (NYSE: EPC) reported fourth quarter 2021 net sales of $543.2 million, up 11.1% year-over-year, and full-year sales of $2,087.3 million, a 7.1% increase. Fourth quarter GAAP EPS was $0.80, while adjusted EPS was $1.01. The company ended the quarter with $479.2 million in cash and a net debt leverage ratio of 2.1. For fiscal 2022, the company expects low-single-digit growth in net sales and adjusted EPS between $2.98 and $3.26, despite anticipated challenges from supply chain disruptions and inflation.
Edgewell Personal Care Company (NYSE: EPC) will announce its fourth quarter and fiscal year 2021 financial results on November 11, 2021, before the market opens. An investor conference call will follow at 8:00 a.m. ET on the same day, featuring President and CEO Rod Little and CFO Dan Sullivan. The event will be available via live webcast, with a replay accessible later on their website. Edgewell operates in over 50 markets globally, with a diverse portfolio of established brands, including Schick® and Banana Boat®.
Edgewell Personal Care Company (NYSE: EPC) will present at the Barclays Global Consumer Staples Virtual Conference on September 9, 2021, at 4:00 P.M ET. The presentation will feature Rod Little, President and CEO, and Dan Sullivan, CFO. Interested parties can access the live webcast via www.edgewell.com under the "Investors" and "News and Events" sections. A replay will also be available if you cannot attend the live event.