Prestige Consumer Healthcare Inc. exceeded its third quarter revenue outlook and delivered solid profitability, reflecting the benefits of its diverse business model and strong financial profile. The company continued to make progress toward improving Clear Eyes® supply, increasing sales sequentially, and closed the acquisition of Pillar5 in December. Despite a challenging consumer backdrop, the company's superior free cash flow and low leverage allowed for opportunistic share repurchases.
Revenue of $283.4 million in Q3, ahead of outlook.
Diluted EPS of $0.97 in Q3 and Adjusted Diluted EPS of $1.14, versus prior year Q3 Diluted EPS of $1.22.
Approximately 0.8 million shares were repurchased opportunistically in Q3.
Successfully closed the acquisition of eye care supplier Pillar5 Pharma, Inc. in December, as expected.
The company is narrowing its fiscal 2026 net sales outlook to approximately $1.1 billion, reflecting a continued challenging consumer environment, while maintaining its outlook for free cash flow of $245 million or higher.
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