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) reported a 20.6% decline in net sales for Q3 fiscal 2020, totaling $483.9 million, largely due to COVID-19 impacts. Organic sales fell 14.7%, with significant drops in Wet Shave and Sun Care categories. Despite challenges, adjusted EPS was $0.66, down from $1.11 a year prior. The company maintains a strong cash position of $512 million and issued $750 million in senior notes. An acquisition of CREMO for $235 million aligns with growth strategies. Project Fuel expects $225-$240 million in savings by FY2021.
Edgewell Personal Care Company (EPC) is set to report its third-quarter fiscal year 2020 financial results on August 4, 2020, before the market opens. This will be followed by a conference call at 8:00 a.m. Eastern Time on the same day, hosted by CEO Rod Little and CFO Dan Sullivan. The call will be accessible via a live webcast on the company's website, ensuring that all stakeholders can stay informed about the company's performance.
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