Edgewell Personal Care reported a 20.6% decrease in net sales to $483.9 million for the third quarter of fiscal 2020. GAAP EPS was $0.09, while adjusted EPS was $0.66. The company also announced an agreement to acquire CREMO for approximately $235 million.
Net sales were $483.9 million, a decrease of 20.6% compared to the prior year period.
GAAP Diluted Earnings Per Share were $0.09, compared to a loss of $8.51 in the prior year period.
Adjusted EPS were $0.66, compared to $1.11 in the prior year period.
The Company ended the quarter with $512 million in cash on hand and access to an undrawn $425 million credit facility.
The Company is not providing an outlook for the remainder of fiscal 2020 at this time due to on-going uncertainties related to the duration and potential impacts of COVID-19.
Visualization of income flow from segment revenue to net income