SHELTON, Conn., Feb. 28, 2024 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced that it will present at the 45th Annual Raymond James Institutional Investors Conference in Orlando, FL on Tuesday March 5, 2024, at 7:30 A.M. ET. Rod Little, President and CEO and Dan Sullivan, CFO, President-Europe and LATAM will be presenting for Edgewell.All interested parties may access a live webcast of these events at www.edgewell.com, under "Investors," and "News and Events" tabs or by using the ...

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Edgewell Personal Care (EPC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Edgewell Personal Care is one of 193 individual sto ...

SHELTON, Conn., Feb. 23, 2024 /PRNewswire/ -- Edgewell Personal Care Company [NYSE: EPC] today announced the appointment of John Dunham as Chief Accounting Officer (CAO). Mr. Dunham will be based in the Company's Shelton, Connecticut office reporting to Dan Sullivan, Chief Financial Officer. "John is a seasoned accounting executive with over twenty years of broad-based technical and operational accounting experience. During his career, he has demonstrated a track record of success in improving operational a ...

Edgewell Ranked #2 Out of 400 Companies on the ListSHELTON, Conn., Feb. 13, 2024 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) has been recognized by Forbes as one of America's Best Midsize Employers, ranking second amongst 400 similarly sized companies in the U.S. This is the first time Edgewell has been named to the list, and its inaugural high ranking reinforces the organization's growing reputation as a people first employer that is dedicated to operating by its purpose and values and suppo ...

Edgewell Personal Care (EPC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

Financial Data and Key Metrics Changes - The company reported a 3.1% organic net sales growth for the quarter, driven by strong performance in international markets, with international organic growth exceeding 16% [23][16] - Adjusted gross margin expanded by 30 basis points year-over-year, with adjusted EBITDA at $57.2 million, and adjusted EPS at $0.24, both exceeding expectations [25][48] - Net cash used from operating activities was $72.9 million, an improvement from $86.3 million in the prior year period, ending the quarter with $214 million in cash [30] Business Line Data and Key Metrics Changes - Wet Shave organic net sales increased by 8.1%, with international growth at 18% due to improved market conditions and brand activation [26] - Sun and Skin Care organic net sales rose about 1%, with North America Sun Care growth over 5% driven by higher volumes [27] - Grooming organic net sales decreased by 2.6%, while Fem Care organic net sales fell by 11.2%, primarily due to lower volumes [28] Market Data and Key Metrics Changes - Aggregate consumption in the U.S. segment increased by 2.2%, with volume consumption remaining strong in Women's Shave and Grooming [12] - Market share gains were noted in Japan, Germany, and Canada, with the U.S. Wet Shave category experiencing flat consumption [42] - The company observed a resilient consumer base across its categories, particularly in international markets like Japan and Germany [12][16] Company Strategy and Development Direction - The company is optimistic about its new master brand strategy, particularly the replatforming of the Carefree brand in fem care [8] - Continued investment in brand support and digital activation is planned, with a focus on innovation in Sun Care and the Billie brand launch [9][38] - The leadership changes in key international markets are expected to enhance operational execution and market responsiveness [5][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to meet previously provided outlooks, despite a challenging macro environment [31] - The company anticipates organic net sales growth in the range of 2% to 4% for the fiscal year, with adjusted EBITDA expected between $340 million and $352 million [32][49] - Management highlighted the importance of local leadership and tailored strategies to drive growth in international markets [72][70] Other Important Information - The company returned nearly $23 million to shareholders during the quarter through share repurchases and dividends [30] - Adjusted SG&A expenses increased by 110 basis points, influenced by higher incentive compensation and unfavorable currency movements [47] - The company is focused on maintaining a disciplined approach to G&A costs while investing in brand innovation [18] Q&A Session Summary Question: Clarification on earnings results and guidance - Management noted that the strong earnings were influenced by a pull forward in Japan and emphasized the ongoing changes in international markets [51][52] Question: Expense line performance - Management attributed better-than-expected expense performance to productivity improvements and favorable timing in global procurement contracts [58][59] Question: Women's grooming shelf space and Billie brand growth - Management confirmed increased investment behind the Billie brand and anticipated further distribution gains [66][82] Question: Fem Care strategy and volume stabilization - Management expressed confidence in the new strategy for Fem Care, focusing on innovation and targeted marketing [67][68] Question: Gross margin expectations - Management indicated that Q1 gross margin performance was likely the strongest of the year, with expectations for a step down in subsequent quarters due to timing and structural factors [86][87] Question: International market growth outlook - Management expects international markets to continue growing at a faster rate than North America, with optimism for sequential improvement in North American performance [90][104]

Edgewell Personal Care (EPC) reported $488.9 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 4.2%. EPS of $0.24 for the same period compares to $0.31 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $478.93 million, representing a surprise of +2.08%. The company delivered an EPS surprise of +300.00%, with the consensus EPS estimate being $0.06.While investors closely watch year-over-year changes in headline numbers -- revenue and e ...

Net Sales Increased 4.2%, or 3.1% Organic Maintains Full Year Outlook SHELTON, Conn., Feb. 7, 2024 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced results for its first fiscal quarter 2024 ended December 31, 2023.  Executive Summary Net sales were $488.9 million, an increase of 4.2% compared to the prior year quarter. Organic net sales increased 3.1% (Organic basis excludes the favorable impact from currency movements.) GAAP Diluted net Earnings Per Share ("EPS") were $0.09, com ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number: 001-15401 _________________________________ ...

Acquisition and Market Position - The company completed the acquisition of Billie in fiscal 2022, enhancing its portfolio in the women's shaving category, which includes brands like Schick Intuition and Hydro Silk[36] - The company holds a leading market share position in the U.S. Sun Care category with brands such as Banana Boat and Hawaiian Tropic, and expects to drive growth through product innovation and geographic expansion[38] - The company has more than doubled its international sun care business since acquiring the Banana Boat and Hawaiian Tropic brands in 2008, showcasing successful market expansion efforts[45] - The company is one of the top three manufacturers of feminine care products in North America, with a focus on innovation in brands like Playtex and Stayfree[41] - The global men's skin care market is expected to continue growing, with the company competing through its Bulldog and Jack Black brands, targeting various price points[46] Sales and Distribution - Walmart accounted for approximately 19.4% of the company's net sales in fiscal 2023, indicating a significant reliance on this major retailer[49] - The company markets its products primarily through a direct sales force and e-commerce operations, reflecting a strategic approach to distribution in response to increased online competition[48] Innovation and Intellectual Property - The company has approximately 370 unexpired U.S. patents and 1,187 foreign patents as of September 30, 2023, indicating a strong commitment to innovation and intellectual property protection[55] - The company’s Wet Shave segment is highly competitive, with principal competitors including Procter & Gamble and Bic Group, highlighting the need for continuous innovation[43] Employee and Workplace Culture - As of September 30, 2023, Edgewell had approximately 6,800 employees, with 2,200 based in the United States[68] - The overall positivity score from the June 2023 employee experience survey was 76%, with a 15% increase in employee participation compared to 2022[75] - Edgewell's performance management process includes a '360-degree Values Assessment' to evaluate employee performance based on results and adherence to company values[71] - Edgewell's diversity, equity, and inclusion initiatives are integral to its sustainability strategy, focusing on creating an inclusive culture[74] Sustainability and Environmental Initiatives - Edgewell's Sustainable Care 2030 strategy includes targets such as 100% renewable electricity use and carbon neutrality across global operations[65] - The company aims to reduce the use of virgin petroleum-based plastic content in products and packaging and to use 100% recyclable, compostable, or reusable plastic packaging[65] - The company has made significant progress in sustainable products and packaging, ingredient stewardship, and responsible sourcing, although achieving all goals by 2030 is not guaranteed[66] - The company is subject to various environmental regulations, which may impact operational costs and compliance efforts in different jurisdictions[57] - The company has implemented a multi-year objective for all sites to achieve either OSHA VPP or ISO 45001 certifications for safety and health management[70] Financial Performance and Risk Management - Edgewell's cash flow hedging program related to foreign currency risk was maintained as of September 30, 2023, with high effectiveness in offsetting associated risks[254] - The company is exposed to significant currency rate risks, particularly with the euro, Japanese yen, British pound, Canadian dollar, and Australian dollar[252] - As of September 30, 2023, the company had unrealized pre-tax gains of $4.4 million on forward currency contracts accounted for as cash flow hedges, compared to $11.3 million in 2022[255] - The notional value of open foreign currency contracts as of September 30, 2023, was approximately $105.4 million, with 64 contracts in place[255] - The company recorded gains of $3.0 million from foreign currency derivative contracts not designated as cash flow hedges for fiscal 2023, down from $8.2 million in 2022[258] - As of September 30, 2023, the company had outstanding debt of $122.0 million related to its Revolving Credit Facility and international variable-rate note payable[261] - A one percent increase in applicable interest rates would result in an approximate $1.2 million increase in annual interest expense[261] - There were no open derivative or hedging instruments for future purchases of raw materials or commodities as of September 30, 2023[260]