Overview

* Church & Dwight ( CHD ) Q3 net sales rise 5%, beating analyst expectations

* Adjusted EPS for Q3 at $0.81, exceeding company outlook

* Says Adjusted EPS beat its outlook of $0.72 mainly on higher-than-expected volume and gross margin results

Outlook

* Church & Dwight ( CHD ) raises full-year net sales growth forecast to approximately 1.5%

* Company expects full-year adjusted EPS of approximately $3.49

* Church & Dwight ( CHD ) increases cash flow from operations outlook to ~$1.2 bln

Result Drivers

* VOLUME GROWTH - Organic sales increased 3.4% driven by volume growth of 4.0%, partially offset by negative pricing and mix of 0.6%

* INTERNATIONAL GROWTH - International Division organic growth was 7.7%, driven by broad-based share gains across subsidiaries and Global Markets Group

* TOUCHLAND ACQUISITION - First quarter of ownership of TOUCHLAND exceeded initial expectations, contributing positively to results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $1.58 $1.53

bln bln (15

Analysts

)

Q3 Beat $0.81 $0.73

Adjusted (16

EPS Analysts

)

Q3 EPS $0.75

Q3 Net $182.20

Income mln

Q3 Gross $714.40

Profit mln

Q3 $254.60

Operatin mln

g Income

Q3 $236.20

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 8 "hold" and 6 "sell" or "strong sell"

* The average consensus recommendation for the household products peer group is "buy."

* Wall Street's median 12-month price target for Church & Dwight Co Inc ( CHD ) is $100.00, about 18.2% above its October 30 closing price of $81.80

* The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)