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 _________________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 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 EDGEWELL PERSONAL CARE COMPANY (Exact name of registrant as specifie ...

Edgewell Personal Care Company (NYSE:EPC) Q3 2023 Results Earnings Conference Call August 3, 2023 8:00 AM ET Company Participants Chris Gough - Vice President-Investor Relations Rod Little - President and Chief Executive Officer Daniel Sullivan - Chief Financial Officer and President, Europe and Latin America Conference Call Participants Nik Modi - RBC Capital Markets William Chappell - Truist Securities Christopher Carey - Wells Fargo Securities Susan Anderson - Canaccord Genuity Olivia Tong - Raymond Jame ...

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 June 30, 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 _____________________________________ ...

Financial Performance - Net sales for the first six months of fiscal 2023 increased 5.6% to $1,067.5 million, with organic net sales rising 7.6% compared to the prior year period [102]. - Net sales in the second quarter of fiscal 2023 increased 9.3% to $598.4 million, with organic net sales up 11.4% driven by increased pricing and volumes [102]. - Net earnings in the second quarter of fiscal 2023 were $19.0 million, down from $23.2 million in the prior year quarter, while adjusted net earnings increased to $29.0 million from $27.0 million [102]. - Net earnings for the first six months of fiscal 2023 were $30.9 million, down from $34.4 million in the prior year period, with adjusted net earnings at $45.0 million compared to $50.2 million [104]. - Gross profit for the second quarter of fiscal 2023 was reported at $241.7 million, with a GAAP effective tax rate of 26.9% [101]. - Gross profit for the first six months of fiscal 2023 was $430.7 million, compared to $420.0 million in the prior year, with a gross margin of 40.3% versus 41.5% [108]. Expenses and Costs - Selling, General and Administrative (SG&A) expenses for the first six months of fiscal 2023 were $200.9 million, or 18.8% of net sales, compared to $198.2 million, or 19.6% of net sales in the prior year [110]. - Advertising and promotion expense for the first six months of fiscal 2023 was $108.8 million, a decrease of $7.3 million from the prior year, with A&P as a percent of net sales at 10.2% compared to 11.5% [112]. - Research and development expense for the first six months of fiscal 2023 was $27.8 million, maintaining 2.6% of net sales, consistent with the prior year [113]. - Interest expense associated with debt for the first six months of fiscal 2023 was $40.6 million, up from $35.3 million in the prior year, due to higher interest rates and increased debt [115]. - The effective tax rate for the first six months of fiscal 2023 was 27.0%, compared to 20.5% in the prior year, reflecting an unfavorable mix of earnings in higher tax rate jurisdictions [117]. Acquisitions and Impact - The acquisition of Billie, Inc. was completed on November 29, 2021, for a purchase price of $309.4 million [98]. - Organic net sales will be negatively impacted in October and November of fiscal 2023 due to the Billie acquisition, as sales previously reported as third-party sales are now inter-company sales [91]. - Net sales for the first six months of fiscal 2023 were $1,067.5 million, an increase of 5.6%, driven by a $12.0 million contribution from the Billie acquisition and a $32.0 million unfavorable impact from currency movements [106]. Segment Performance - Wet Shave segment profit for the first six months of fiscal 2023 was $70.5 million, a decrease of 10.9% from the prior year, despite an organic segment profit increase of 8.1% [125]. - Sun and Skin Care net sales for Q2 fiscal 2023 increased by $26.4 million, or 14.4%, with organic net sales up $27.5 million, or 15.0% [126]. - Feminine Care net sales for Q2 fiscal 2023 rose by $20.7 million, or 34.9%, with organic net sales increasing by $21.0 million, or 35.4% [131]. - Segment profit for Sun and Skin Care in Q2 fiscal 2023 was $39.9 million, a decrease of $2.4 million, or 5.6% [128]. - Segment profit for Feminine Care in Q2 fiscal 2023 was $12.0 million, an increase of $10.1 million, or 531.7% [133]. Cash Flow and Debt - Cash flow from operating activities was $1.9 million during the first six months of fiscal 2023, compared to cash used of $39.9 million in the prior year [147]. - Net cash used by investing activities was $20.0 million during the first six months of fiscal 2023, significantly lower than $325.7 million in the prior year [148]. - Total borrowings as of March 31, 2023, were $1,447.5 million, including $195.2 million tied to variable interest rates [139]. - As of March 31, 2023, the company had outstanding variable-rate debt of $195.2 million related to its Revolving Credit Facility and international notes payable [157]. - A one-percent increase in applicable interest rates would result in an approximate $2.0 million increase in annual interest expense on variable-rate debt instruments [157]. Corporate Governance and Compliance - The company utilizes non-GAAP measures to provide insights into operational results, excluding costs related to restructuring, acquisitions, and other non-standard items [90]. - The company emphasizes the importance of non-GAAP measures for internal decision-making and believes they provide more transparency for investors [90]. - The company expects to incur approximately $19 million in charges related to its operating model redesign in fiscal 2023, with $6.0 million incurred in the first six months [118]. - Corporate expenses for Q2 fiscal 2023 were $17.0 million, or 10.2% of net sales, compared to $17.2 million, or 8.2% of net sales in the prior year [135]. - As of March 31, 2023, the company was in compliance with the provisions and covenants associated with its debt agreements [144]. - There have been no open derivative or hedging instruments for future purchases of raw materials or commodities as of March 31, 2023 [157]. - The company's assessment of market risk sensitivity has not materially changed since the 2022 Annual Report [158].