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Jun 30, 2021
Edgewell Q3 2021 Earnings Report
Net sales increased by 18.6%, with organic net sales up 12.5%. EPS was $0.74, and adjusted EPS increased by 35%.
Key Takeaways
Edgewell Personal Care announced strong third quarter fiscal 2021 results, with net sales increasing by 18.6% and organic net sales up 12.5%. The company raised its previously provided adjusted EPS and adjusted EBITDA outlook for fiscal 2021.
Net sales were $573.7 million, an increase of 18.6% compared to the prior year period.
Organic net sales increased 12.5% compared to the prior year period.
GAAP Diluted Earnings Per Share (EPS) were $0.74 for the third quarter compared to $0.09 in the prior year period.
Adjusted EPS were $0.89 for the third quarter, compared to $0.66 in the prior year period.
Edgewell
Edgewell
Edgewell Revenue by Segment
Revenue by Segment
Wet Shave Revenue
CapyFin.comSun and Skin Care Revenue
CapyFin.comFeminine Care Revenue
CapyFin.com Forward Guidance
The Company is updating its previously provided outlook assumptions for fiscal 2021 and now expects Adjusted EPS in the range of $2.80 to $2.90 and Adjusted EBITDA in the range of $358 to $366 million.
Positive Outlook
- Reported net sales to increase mid-single digits
- Includes: 160 basis-point net benefit from the Cremo acquisition and the Infant and Pet Care divestiture and a 190 basis-point benefit from currency translation
- Organic sales to increase low-single digits
- Adjusted operating profit margin to be consistent with fiscal 2020
- Project Fuel Gross Savings of approximately $70 million
Challenges Ahead
- Project Fuel costs of approximately $25 million
- GAAP EPS in the range of $2.00 to $2.10
- Includes: Project Fuel restructuring charges, cost of early retirement of long-term debt, IT enablement costs, the UK tax rate increase, acquisition and integration costs
- Adjusted EPS in the range of $2.80 to $2.90
- Adjusted EBITDA in the range of $358 to $366 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income