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Church & Dwight Q1

This article was originally published in The Rose Sheet

Executive Summary

New promotional campaigns for Arrid and Arm & Hammer UltraMax antiperspirants are expected to help improve sales in the category this year, CEO James Craigie says during May 10 earnings call. Revenue declines in the firm's antiperspirant/deodorant business are attributable to unsuccessful marketing initiatives and competition, exec adds. Performance of Nair depilatories helped personal care division sales rise 4% organically to $130.5 mil. Net first quarter sales soared 42% to $420.7 mil., primarily due to the acquisition of Armkel, but rose 4% organically. Net income was up 26% to $37.7 mil. and operating profit was flat at $69.7 mil. Craigie also reports Church & Dwight is developing a three-year growth plan, which will be previewed in August during company's Q2 earnings call...
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