Church & Dwight
This article was originally published in The Rose Sheet
Executive Summary
Firm plans to "significantly increase" marketing support in the fourth quarter behind personal care products including Arm & Hammer Enamel Care, Mentadent and Close-Up toothpastes, Church & Dwight states during Nov. 7 earnings call. Company dedicated $51 mil. to marketing initiatives in the third quarter, firm notes. Personal care revenue in the period was $124.6 mil. on a reported basis, including sales from recently acquired Unilever oral care brands and Armkel. Adjusted third quarter sales increased 5.6% to $398.5 mil., but totaled $420.3 mil. on a reported basis, including sales of $114.8 mil. from Armkel and $27.6 mil. from the Unilever business. Net income jumped 35% to $27.4 mil. including a $6.2 mil. pretax charge related to the firm's purchase of its remaining stake in Armkel...