Church & Dwight reports Q1 adjusted EPS 95c, consensus 93c

Reports Q1 revenue $1.47B, consensus $1.46B. CEO Rick Dierker commented, “Our brands continue to perform exceptionally well in this dynamic macroeconomic environment. Solid category growth and the performance of our balanced portfolio of value and premium products provide further confidence in our full-year outlook. Our growth was broad-based with volume growth driven by strong innovation and distribution wins across all domestic classes of trade. Our operating model of consistent delivery of sales growth, margin expansion, and efficient working capital management leads to strong cash flow generation, fueling our investments in our existing brands and the acquisition of market leading new brands. In Q1, the company’s domestic division grew 5.4% organically due to broad based growth across our household and personal care portfolio. The international division grew organically 3.7% in the first quarter, driven by growth in both GMG and our subsidiaries. Our Specialty Products division’s organic sales grew 3.1% with strong global results. Global e-commerce also continued to grow in Q1. Global online sales now represent 24% of total consumer sales. Finally, the company generated solid cash flow in the quarter, and we continue to expect approximately $1.15B of cash from operations this year.”