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Sep 30, 2024
Edgewell Q4 2024 Earnings Report
Edgewell's Q4 2024 earnings decreased compared to the prior year, but the company provided a 2025 outlook for growth.
Key Takeaways
Edgewell Personal Care announced its fourth quarter and fiscal year 2024 results, with net sales decreasing by 3.1% to $517.6 million. Despite the sales decrease, the company achieved slight organic net sales growth for the fiscal year and anticipates a return to low single-digit organic net sales growth in fiscal 2025.
Net sales were $517.6 million, a decrease of 3.1% compared to the prior year quarter.
GAAP Diluted net Earnings Per Share (EPS) were $0.17 for the quarter.
Adjusted EPS were $0.72 for the quarter.
The Board of Directors declared a cash dividend of $0.15 per common share for the fourth fiscal quarter.
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 providing the following outlook assumptions for fiscal 2025: Reported net sales are expected to increase in the range of approximately 1.7% to 3.7%.
Positive Outlook
- Reported net sales are expected to increase in the range of approximately 1.7% to 3.7%
- Organic net sales are expected to increase approximately 1% to 3%
- GAAP EPS is expected to be in the range of $2.59 to $2.79
- Adjusted EPS is expected to be in the range of $3.15 to $3.35
- Adjusted gross margin is expected to increase approximately 75-basis points, or 90-basis points at constant currency
Challenges Ahead
- Includes an estimated 70-basis point positive impact from foreign currency changes
- Includes: Restructuring and re-positioning charges, Sun Care reformulation, and Other costs
- Includes an estimated $0.18 EPS unfavorable impact from foreign currency changes, including a $0.10 unfavorable impact in Fiscal Q1.
- Adjusted EBITDA is expected to be in the range of $356 to $368 million
- Includes an estimated $11 million unfavorable impact from foreign currency changes
Revenue & Expenses
Visualization of income flow from segment revenue to net income