U.S. stock markets are facing fluctuations in early 2024 after a sharp rally in 2023. The euphoria surrounding technology stocks evaporated as the yield on the benchmark 10-Year U.S. Treasury Note returned northward, trading well above 4%.This was primarily owing to the uncertainty regarding the time of the Fed’s first cut in the benchmark interest rate. Recently, several key Fed FOMC members said that although they believe that the rate hike regime is over, they are yet to be convinced that the economic co ...

EWING, N.J.--(BUSINESS WIRE)--Church & Dwight Co., Inc. (NYSE: CHD) will present at the 2024 Consumer Analyst Group of New York (CAGNY) Conference on Thursday, February 22, 2024, at 3:00 PM EST. The presentation will be broadcast on the company’s website. A replay of the webcast will be available following the event. Church & Dwight Co., Inc., founded in 1846, is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda. The Company manufactures and markets a wide range of personal ca ...

Financial Performance - In 2023, net sales increased by 9.2% to $5,867.9 million compared to $5,375.6 million in 2022[38] - Gross profit for 2023 was $2,588.5 million, representing a gross margin of 44.1%, an increase of 220 basis points from 41.9% in 2022[38] - Selling, General & Administrative (SG&A) expenses decreased by 20.3% to $889.8 million, with SG&A as a percentage of net sales dropping to 15.2% from 20.8% in 2022[41] - Income from operations rose by 76.9% to $1,057.4 million, resulting in an operating margin of 18.0%, up 690 basis points from 11.1% in 2022[38] - Diluted net income per share increased by 81.5% to $3.05, compared to $1.68 in 2022[38] - Net cash provided by operating activities was $1,030.6 million in 2023, up from $885.2 million in 2022[123] - The company reported a net income of $755.6 million in 2023, compared to $413.9 million in 2022[123] Sales Performance - Consumer Domestic segment net sales grew by 10.7% to $4,571.2 million in 2023, up from $4,131.0 million in 2022[47] - The Consumer International segment saw a net sales increase of 8.9%, attributed to a 3.4% increase in product volumes sold and a 5.1% increase in pricing/product mix[72] - Net sales for Consumer Domestic increased by 10.7% as of December 31, 2023, driven by a 1.0% increase in product volumes sold and a 4.7% increase in pricing/product mix[101] - The Specialty Products Division (SPD) saw a decline in net sales, primarily due to reduced sales of the MEGALAC dairy supplement, leading to an exit from this business segment in Q1 2024[27] Expenses and Costs - Cost of sales for the year ended December 31, 2023, was $3.4 billion, an increase of 36% from $2.5 billion in 2022[138] - Selling, general and administrative expenses totaled $64.9 million in 2023, up from $32.6 million in 2022, representing a 99% increase[138] - Research and development expenses were $122.4 million in 2023, compared to $110.0 million in 2022, reflecting an increase of 11.5%[165] Cash Flow and Dividends - Cash dividends per share increased to $1.09 in 2023, up from $1.05 in 2022[93] - Cash and cash equivalents at the end of the period increased to $344.5 million in 2023 from $270.3 million in 2022[123] Debt and Financing - The company repaid $200.0 million of the Term Loan in 2023, with an additional $100.0 million repayment planned for January 2024[76] - The company has a term loan facility of $400.0 million due on December 22, 2024, with the interest rate linked to the Secured Overnight Financing Rate (SOFR)[104] Market and Competitive Landscape - The vitamin category is facing increased competition, with over 60 significant competitors, leading to a potential impairment risk for the VITAFUSION and LIL' CRITTERS trade name, which has a carrying value of $281.3 million[58] - The company competes in highly innovative household and personal care categories, which require significant advertising and promotion[214] - The specialty chemicals business faces intense competition influenced by capacity utilization and raw material costs[215] Strategic Focus and Future Plans - The company continues to focus on new product introductions and increased marketing spending to address sales pressures in key product categories[28] - The company plans to continue focusing on market expansion and new product development to drive future growth[126] - The company anticipates capital expenditures of approximately $180.0 million in 2024, primarily for manufacturing capacity investments[78] Segment Information - The company operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division, focusing on various personal care and household products[156] - The SPD segment accounted for approximately 5% of the company's consolidated net sales in 2023[209] Environmental and Social Responsibility - The Company has a focus on minimizing environmental impact, including increased renewable energy usage and reduced water consumption[198] - The Company emphasizes employee safety and wellness as top priorities, with policies designed to ensure compliance with OSHA standards[199] - The Company has received recognition for its progress in key areas of Environmental, Social, and Governance (ESG) from various third parties[200]

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Church & Dwight (CHD) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Church & Dwight is a member of our Consumer Staples group, which includes 193 different companies and currently sits at #13 in the Zacks Sector Rank. ...

Wall Street started 2024 on a high as stocks rallied on hopes that the Federal Reserve would soon begin to its rate cuts, with inflation sharply declining over the past year. The Dow, S&P 500 and Nasdaq ended January 1.2%, 1.6% and 1% higher, respectively.The consumer confidence level also touched a 25-month high in January, with the index reading coming in at 114.8. Investors now believe that the economy will have a softer landing than expected earlier.The Federal Reserve, at the end of its January FOMC me ...

Church & Dwight Co., Inc. (NYSE:CHD) Q4 2023 Earnings Conference Call February 2, 2024 12:00 PM ET Company Participants Matt Farrell - President, Chief Executive Officer & Chairman Rick Dierker - Executive Vice President, Chief Financial Officer & Head of Business Operations Barry Bruno - Executive Vice President, Chief Marketing Officer and President, Consumer Domestic Surabhi Pokhriyal - Chief Digital Growth Officer Mike Read - Executive Vice President, International Carlen Hooker - Executive Vice Preside ...

Safe Harbor Statement CHURCH & DWIGHT ANALYST DAY 2024 4 U.S. Consumer and New Products Update How We Run the Company Back ARM & HAMMER LLD, ARM & HAMMER Litter, Batiste, TheraBreath and Hero achieved all time high market shares. 4 6 | --- | --- | --- | --- | --- | |---------|--------|--------|-------|-------| | | | | | | | 10 YEAR | 5 YEAR | 3 YEAR | | 2023 | | | | | | | | | | | | | | 12.6% | 8.8% | | 4.0% | 18.7% | confidence Sustainable high International growth rate Strong 2024 fundamentals Matt Farrell ...

Church & Dwight (CHD) reported $1.53 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.4%. EPS of $0.65 for the same period compares to $0.62 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.51 billion, representing a surprise of +1.09%. The company delivered an EPS surprise of +1.56%, with the consensus EPS estimate being $0.64.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Church & Dwight (CHD) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.56%. A quarter ago, it was expected that this maker of household and personal products would post earnings of $0.68 per share when it actually produced earnings of $0.74, delivering a surprise of 8.82%.Over the la ...

Church & Dwight Co., Inc. (CHD) is likely to register top-line growth when it reports fourth-quarter 2023 earnings on Feb 2, before market open. The Zacks Consensus Estimate for revenues is pegged at $1.51 billion, suggesting a rise of 5.3% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has been unchanged in the past 30 days to 64 cents per share. This indicates an increase of 3.2% from the year-ago quarter’s reported figure. CHD has a trailing four-quarter earnings ...