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Edgewell Personal Care Announces Second Quarter Fiscal 2025 Results
EPCEdgewell Personal Care(EPC) Prnewswire·2025-05-07 10:00

Core Insights - Edgewell Personal Care Company reported a net sales decrease of 3.1% to 580.7millionforthesecondfiscalquarterof2025,withorganicnetsalesdown1.5580.7 million for the second fiscal quarter of 2025, with organic net sales down 1.5% [5][13] - The gross margin increased by 100 basis points to 44.1%, despite a negative impact from foreign currency [6][12] - GAAP EPS decreased by 0.12 to 0.60,whileadjustedEPSdecreasedby0.60, while adjusted EPS decreased by 0.01 to 0.87[12][13]FinancialPerformance−Netsaleswere0.87 [12][13] Financial Performance - Net sales were 580.7 million, a decrease of 3.1% compared to the prior year quarter, with organic net sales down 1.5% [5][13] - Gross profit was 256.2million,comparedto256.2 million, compared to 258.1 million in the prior year quarter, with a gross margin of 44.1% [6][31] - Operating income was 58.9million,or10.158.9 million, or 10.1% of net sales, down from 70.1 million, or 11.7% of net sales in the prior year quarter [9][36] Segment Performance - Wet Shave segment net sales decreased by 7.6million,or2.67.6 million, or 2.6%, with organic net sales down 0.9% [16] - Sun and Skin Care segment net sales decreased by 4.7 million, or 2.0%, with organic net sales down 0.1% [17] - Feminine Care segment net sales decreased by 6.4million,or9.16.4 million, or 9.1%, with minimal currency impact [18] Cost and Expenses - Advertising and sales promotion expenses increased to 65.5 million, or 11.3% of net sales, compared to 10.5% in the prior year quarter [7] - Selling, general and administrative expenses were 105.7million,or18.2105.7 million, or 18.2% of net sales, slightly up from 17.9% in the prior year quarter [8] - The company incurred pre-tax restructuring and repositioning expenses of 12.2 million in the quarter [9] Cash Flow and Capital Allocation - Net cash used for operating activities was 70.5millionforthesixmonthsendingMarch31,2025,comparedtocashflowprovidedbyoperatingactivitiesof70.5 million for the six months ending March 31, 2025, compared to cash flow provided by operating activities of 56.1 million in the prior year period [14] - The company returned 42.7milliontoshareholdersthroughsharerepurchasesanddividendsinthesecondquarter[13][15]FullYearOutlook−Thecompanyupdateditsfull−yearoutlook,expectingorganicnetsalestobeflatto142.7 million to shareholders through share repurchases and dividends in the second quarter [13][15] Full Year Outlook - The company updated its full-year outlook, expecting organic net sales to be flat to 1%, down from a previous range of 1% to 3% [21] - GAAP EPS is now expected to be in the range of 2.09 to 2.29,downfrom2.29, down from 2.54 to 2.74[21]−AdjustedEBITDAisexpectedtobeintherangeof2.74 [21] - Adjusted EBITDA is expected to be in the range of 329 to 341million,previouslytowardsthelowerendoftherangeof341 million, previously towards the lower end of the range of 356 to $368 million [21]