Edgewell Personal Care Co (NYSE:EPC)
$ 36.52 0.23 (0.63%) Market Cap: 1.80 Bil Enterprise Value: 2.91 Bil PE Ratio: 15.47 PB Ratio: 1.14 GF Score: 77/100
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Q3 2024 Edgewell Personal Care Co Earnings Call Transcript

Aug 06, 2024 / 12:00PM GMT
Release Date Price: $38.02 (+0.98%)

Key Points

Positve
  • Edgewell Personal Care Co (EPC) reported a 160 basis point increase in gross margin, driven by productivity initiatives and strategic revenue management.
  • The company achieved 7% year-over-year adjusted EBITDA growth and 23% adjusted earnings per share growth, exceeding expectations.
  • International businesses sustained momentum with over 6% organic net sales growth, driven equally by price and volume gains.
  • The Grooming segment saw double-digit organic net sales growth, supported by new product rollouts in Cremo and Billie in North America.
  • Edgewell Personal Care Co (EPC) raised its full-year adjusted EBITDA and EPS outlook, reflecting strong financial performance to date.
Negative
  • North American sales declined by over 2%, primarily due to underperformance in the Feminine Care business.
  • The Wet Shave and Feminine Care segments in North America faced challenging category dynamics and heightened promotional levels, impacting growth.
  • Persistent sluggishness in Sport tampons and delays in the Carefree pads rollout negatively affected Feminine Care sales.
  • The macro environment in the US remains challenging, with persistent inflation, labor supply-demand imbalances, and higher interest rates.
  • The company anticipates further headwinds in the fourth quarter due to ongoing supply challenges in the shave preps business in North America.
Operator

Good morning and welcome to Edgewell third quarter fiscal year 2024 earnings call. (Operator Instructions). Please note this event is being recorded.

And I now like to turn the conference over to Chris Gough, Vice President, Investor Relations. Please go ahead.

Chris Gough
Edgewell Personal Care Co - Vice President - Investor Relations

Good morning everyone, and thank you for joining us this morning for as Edgewell's Third Quarter Fiscal Year, 2024 Earnings Call. With me this morning are Rod Little, our President and Chief Executive Officer and Dan Sullivan, our Chief Financial Officer, Rod, will kick off the call, then hand it over to Dan to discuss our results and full year fiscal 2024 outlook, before we transition to Q&A, this call is being recorded and will be available for replay via our website, www.edgewell.com,

During the call, we may make statements about our expectations for future plans and performance. This might include future sales, earnings, advertising and

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