Thu, May 1, 5:16 PM (18 days ago)
**Church & Dwight Co., Inc. (CHD) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $1,467.1 million, down 2.4% YoY due to volume declines, partially offset by favorable pricing/mix and foreign exchange. - **Gross Profit:** $659.6 million, down 4% YoY, with a gross margin of 45%, a 70 bps decrease YoY. - **Operating Income:** $295.3 million, down 3.2% YoY, with an operating margin of 20.2%, a 10 bps decrease YoY. - **Net Income:** $220.1 million, down 3.3% YoY, with diluted EPS of $0.89, down 4.3% YoY. - **Cash Flow from Operations:** $185.7 million, down 29.4% YoY due to increased working capital and decreased cash earnings. **Segment Performance:** - **Consumer Domestic:** Net sales down 3% YoY, with income from operations down 5% YoY. - **Consumer International:** Net sales up 2.7% YoY, with income from operations up 5% YoY. - **Specialty Products Division (SPD):** Net sales down 9.3% YoY, with income from operations up 10.3% YoY. **Trends & Uncertainties:** - **Supply Chain & Commodity Costs:** Increased challenges and volatility due to global economic conditions and trade policies. - **Consumer Spending:** Decreased discretionary spending due to inflation and economic uncertainty. - **Strategic Actions:** Planned shutdown or sale of Flawless, Spinbrush, and Waterpik showerhead businesses, expected to record a $60-$80 million charge in Q2 2025. - **Tariff Exposure:** Projected $190 million gross tariff exposure, aiming to reduce by 80% through supply chain efforts and pricing. **Future Operations Impact:** - **Capital Expenditures:** Expected to be $130 million in 2025, including investments in Therabreath, Sterimar, and an ERP project. - **Share Repurchases:** $658.9 million availability under the 2021 Share Repurchase Program as of Q1 2025. - **Dividends:** Declared a 4% increase in the regular quarterly dividend, raising the annual dividend payout to approximately $287 million. **Liquidity & Capital Resources:** - **Cash & Cash Equivalents:** $1,074.5 million as of Q1 2025. - **Revolving Credit Facility:** $1,494 million available through the Revolving Credit Facility and commercial paper program. - **Debt:** $2,205.2 million in long-term debt as of Q1 2025.