Edgewell Personal Care Files Q3 2024 10-Q

TL;DR

Edgewell Personal Care dropped their Q3 10-Q, check the numbers for the latest performance.

AI Summary

Edgewell Personal Care Co. reported its third quarter results for the period ending June 30, 2024. The company's financial performance for this quarter and year-to-date is detailed in this 10-Q filing. Specific revenue figures, net income, and earnings per share for the quarter and the nine months ended June 30, 2024, are provided.

Why It Matters

This filing provides investors with the latest financial performance data for Edgewell Personal Care, crucial for evaluating the company's health and future prospects.

Risk Assessment

Risk Level: medium — As a public company filing a quarterly report, there are inherent risks associated with financial performance and market conditions.

Key Numbers

• 2024-06-30 — Quarter End Date (Reporting period for the 10-Q)
• 2024-09-30 — Fiscal Year End (Company's fiscal year closing date)
• 2023-09-30 — Prior Fiscal Year End (Comparison point for financial data)

Key Players & Entities

• EDGEWELL PERSONAL CARE Co (company) — Filer
• 20240630 (date) — Period of Report
• 20240806 (date) — Filing Date
• ENERGIZER HOLDINGS INC (company) — Former Company Name
• 19991013 (date) — Date of Name Change

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share EPC New York Stock Exchange

Filing Documents

• epc-20240630.htm (10-Q) — 1445KB
• exhibit108epc-amendmentno7.htm (EX-10.8) — 25KB
• epc10q06302024ex311.htm (EX-31.1) — 10KB
• epc10q06302024ex312.htm (EX-31.2) — 10KB
• epc10q06302024ex321.htm (EX-32.1) — 4KB
• epc10q06302024ex322.htm (EX-32.2) — 4KB
• epc-20240630_g1.jpg (GRAPHIC) — 5KB
• image1a.jpg (GRAPHIC) — 44KB
• imagea.jpg (GRAPHIC) — 54KB
• 0001628280-24-035205.txt ( ) — 7670KB
• epc-20240630.xsd (EX-101.SCH) — 39KB
• epc-20240630_cal.xml (EX-101.CAL) — 72KB
• epc-20240630_def.xml (EX-101.DEF) — 233KB
• epc-20240630_lab.xml (EX-101.LAB) — 591KB
• epc-20240630_pre.xml (EX-101.PRE) — 433KB
• epc-20240630_htm.xml (XML) — 1156KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Condensed Consolidated Statements of Earnings and Comprehensive Income for the three and nine months ended June 30, 2024 and 2023 3 Condensed Consolidated Balance Sheets as of June 30, 2024 and September 30, 2023 4 Condensed Consolidated Statements of Cash Flows for the nine months ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Changes in Shareholders' Equity for the three and nine months ended June 30, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 8

Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 22

Quantitative and Qualitative Disclosures About Market Risk 34

Item 3. Quantitative and Qualitative Disclosures About Market Risk 34

Controls and Procedures 35

Item 4. Controls and Procedures 35

OTHER INFORMATION

PART II. OTHER INFORMATION

Unregistered Sales of Equity Securities and Use of Proceeds 36

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36

Other Information 36

Item 5. Other Information 36

Exhibits 37

Item 6. Exhibits 37 SIGNATURE 38 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 June 30, Nine Months Ended June 30, 2024 2023 2024 2023 Net sales $ 647.8 $ 650.0 $ 1,736.1 $ 1,717.5 Cost of products sold 360.7 369.7 993.2 1,005.3 Gross profit 287.1 280.3 742.9 712.2 Selling, general and administrative expense 110.1 96.3 320.9 297.2 Advertising and sales promotion expense 76.6 80.0 187.9 188.8 Research and development expense 14.6 14.8 42.1 42.6 Restructuring charges 3.1 3.0 13.1 8.7 Operating income 82.7 86.2 178.9 174.9 Interest expense associated with debt 18.8 19.2 59.0 59.8 Other expense (income), net 1.4 ( 3.8 ) 4.4 0.7 Earnings before income taxes 62.5 70.8 115.5 114.4 Income tax provision 13.5 17.8 25.7 29.6 Net earnings $ 49.0 $ 53.0 $ 89.8 $ 84.8 Earnings per share: Basic net earnings per share $ 0.99 $ 1.04 $ 1.80 $ 1.65 Diluted net earnings per share $ 0.98 $ 1.02 $ 1.79 $ 1.63 Net earnings $ 49.0 $ 53.0 $ 89.8 $ 84.8 Other comprehensive (loss) income, net of tax Foreign currency translation adjustments ( 13.1 ) 7.5 ( 2.1 ) 67.6 Pension and postretirement activity, net of tax (benefit) of $( 0.1 ), $( 0.6 ), $( 0.9 ) and $ 0.9 ( 0.5 ) ( 0.4 ) ( 1.1 ) 3.9 Deferred loss on hedging activity, net of tax (benefit) of $ 0.3 , $ 0.9 , nil and $( 2.8 ) 0.6 1.8 ( 0.1 ) ( 6.2 ) Total other comprehensive (loss) income, net of tax ( 13.0 ) 8.9 ( 3.3 ) 65.3 Total comprehensive income $ 36.0 $ 61.9 $ 86.5 $ 150.1 See accompanying Notes to Condensed Consolidated Financial Statements. 3 EDGEWELL PERSONAL CARE COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited, in millions, except share data) June 30, 2024 September 30, 2023 Assets Current assets Cash and cash equivalents $ 196.1 $ 216.4 Trade receivables, less allowance for doubtful accounts of $ 5.0 and $ 5.6 155

View Full Filing

View this 10-Q filing on SEC EDGAR