FX.co ★ Church & Dwight Raises 2024 Adj. EPS Guidance - Update

Church & Dwight Co., Inc. (CHD) has announced its revised expectations for 2024. The expected adjusted EPS growth has increased from 7-9% to 8-9%, while the anticipated full-year reported EPS growth is projected to be around 9.5-10.5%. The company's expectation for 2024's full-year reported and organic sales growth remains within the 4-5% range.

In anticipation of the upcoming second quarter, the company has provided new estimates: a reported EPS of $0.81 and an adjusted EPS of $0.83 per share. Additionally, they predict a reported sales growth of roughly 3.5% and organic sales growth of around 4.0%. Contrarily, analysts from Thomson Reuters forecast the company's profit per share to be $0.92, a figure that typically omits special items.

Analyzing the first quarter results, the company's bottom line registered at $227.7 million, an increase as compared to last year's first quarter record of $203.2 million. This equates to a per share amount of $0.93, a significant rise from the previous $0.82 per share. The adjusted EPS was reported to be $0.96, marking a 12.9% increase. On average, according to Thomson Reuters, analysts had anticipated the company earning $0.87 per share.

Lastly, Church & Dwight Co., Inc.'s revenue in the initial quarter flourished, noting a 4.9% surge to $1.50 billion from $1.43 billion the previous year.