Edgewell Personal Care Co. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Edgewell Personal Care Co. has filed its quarterly report (10-Q) for the period ending December 31, 2023, detailing its financial performance for the first quarter of fiscal year 2024.</b>

AI Summary

EDGEWELL PERSONAL CARE Co (EPC) filed a Quarterly Report (10-Q) with the SEC on February 7, 2024. Edgewell Personal Care Co. filed a 10-Q report for the period ending December 31, 2023. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on September 30th. The filing was made on February 7, 2024. The SIC code for the company is 2844 (Perfumes, Cosmetics & Other Toilet Preparations).

Why It Matters

For investors and stakeholders tracking EDGEWELL PERSONAL CARE Co, this filing contains several important signals. This filing provides investors with an update on Edgewell Personal Care's financial health and operational performance during the specified quarter. Understanding the details within this 10-Q is crucial for assessing the company's current financial standing, profitability, and any potential risks or opportunities.

Risk Assessment

Risk Level: low — EDGEWELL PERSONAL CARE Co shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags or significant negative disclosures that would suggest high risk.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Edgewell Personal Care's performance and outlook.

Key Numbers

• 20231231 — Conformed Period of Report (Fiscal quarter end date)
• 20240207 — Filed as of Date (Date the report was filed)
• 2023-10-01 — Quarter Start Date (Beginning of the reporting period)
• 2023-12-31 — Quarter End Date (End of the reporting period)
• 2022-10-01 — Prior Year Quarter Start Date (Beginning of the comparative period)
• 2022-12-31 — Prior Year Quarter End Date (End of the comparative period)

Key Players & Entities

• EDGEWELL PERSONAL CARE Co (company) — Filer name
• 0001096752 (company) — Central Index Key
• 2844 (company) — Standard Industrial Classification
• MO (company) — State of Incorporation
• 001-15401 (company) — SEC File Number
• 6 RESEARCH DRIVE (company) — Business Address Street 1
• SHELTON (company) — Business Address City
• CT (company) — Business Address State

Forward-Looking Statements

• Edgewell Personal Care Co. will continue to report its quarterly financials consistently. (EDGEWELL PERSONAL CARE Co) — high confidence, target: 2024-06-30

FAQ

Key Dates

• 2024-02-07: 10-Q Filing — Report filed for the quarter ending December 31, 2023.
• 2023-12-31: Quarter End Date — End of the reporting period for the 10-Q.
• 2023-10-01: Quarter Start Date — Start of the reporting period for the 10-Q.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share EPC New York Stock Exchange
• $0.1 — tructuring and related costs of nil and $0.1 are included within Selling, general an

Filing Documents

• epc-20231231.htm (10-Q) — 999KB
• epc10q123123ex311.htm (EX-31.1) — 10KB
• epc10q123123ex312.htm (EX-31.2) — 10KB
• epc10q123123ex321.htm (EX-32.1) — 4KB
• epc10q123123ex322.htm (EX-32.2) — 4KB
• epc-20231231_g1.jpg (GRAPHIC) — 5KB
• 0001628280-24-003698.txt (&nbsp;) — 6275KB
• epc-20231231.xsd (EX-101.SCH) — 39KB
• epc-20231231_cal.xml (EX-101.CAL) — 74KB
• epc-20231231_def.xml (EX-101.DEF) — 210KB
• epc-20231231_lab.xml (EX-101.LAB) — 620KB
• epc-20231231_pre.xml (EX-101.PRE) — 409KB
• epc-20231231_htm.xml (XML) — 880KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Condensed Consolidated Statements of Earnings and Comprehensive Income for the three months ended December 31, 2023 and 2022 3 Condensed Consolidated Balance Sheets as of December 31, 2023 and September 30, 2023 4 Condensed Consolidated Statements of Cash Flows for the three months ended December 31, 2023 and 2022 5 Condensed Consolidated Statements of Changes in Shareholders' Equity for the three months ended December 31, 2023 and 2022 6 Notes to Condensed Consolidated Financial Statements 7

Management's Discussion and Analysis of Financial Condition and Results of Operations 20

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 20

Quantitative and Qualitative Disclosures About Market Risk 30

Item 3. Quantitative and Qualitative Disclosures About Market Risk 30

Controls and Procedures 31

Item 4. Controls and Procedures 31

OTHER INFORMATION

PART II. OTHER INFORMATION

Unregistered Sales of Equity Securities and Use of Proceeds 32

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32

Other Information 32

Item 5. Other Information 32

Exhibits 33

Item 6. Exhibits 33 SIGNATURE 34 2

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. EDGEWELL PERSONAL CARE COMPANY CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (unaudited, in millions, except per share data) Three Months Ended December 31, 2023 2022 Net sales $ 488.9 $ 469.1 Cost of products sold 291.2 279.5 Gross profit 197.7 189.6 Selling, general and administrative expense 103.3 95.7 Advertising and sales promotion expense 48.2 45.9 Research and development expense 13.3 13.4 Restructuring charges 6.8 2.7 Operating income 26.1 31.9 Interest expense associated with debt 19.8 19.9 Other expense (income), net 0.3 ( 5.0 ) Earnings before income taxes 6.0 17.0 Income tax provision 1.2 4.6 Net earnings $ 4.8 $ 12.4 Earnings per share: Basic net earnings per share $ 0.10 $ 0.24 Diluted net earnings per share $ 0.09 $ 0.24 Net earnings $ 4.8 $ 12.4 Other comprehensive income (loss), net of tax Foreign currency translation adjustments 27.0 48.0 Pension and postretirement activity, net of tax (benefit) of $( 0.6 ) and $( 0.1 ) ( 0.1 ) ( 0.2 ) Deferred loss on hedging activity, net of tax (benefit) of $( 1.6 ) and $( 3.8 ) ( 3.4 ) ( 8.2 ) Total other comprehensive income, net of tax 23.5 39.6 Total comprehensive income $ 28.3 $ 52.0 See accompanying Notes to Condensed Consolidated Financial Statements. 3 EDGEWELL PERSONAL CARE COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited, in millions, except share data) December 31, 2023 September 30, 2023 Assets Current assets Cash and cash equivalents $ 214.2 $ 216.4 Trade receivables, less allowance for doubtful accounts of $ 6.1 and $ 5.6 112.5 106.2 Inventories 521.9 492.4 Other current assets 156.9 147.4 Total current assets 1,005.5 962.4 Property, plant and equipment, net 333.5 337.9 Goodwill 1,337.1 1,331.4 Other intangible assets, net 970.1 973.8 Other assets 141.0 135.2 Total assets $ 3,787.2 $ 3,740.7 Liabilities and Shareholders' Equity Current liabi

View Full Filing

View this 10-Q filing on SEC EDGAR