2023-08-03 06:14:28 ET
- Edgewell press release ( NYSE: EPC ): Q3 Non-GAAP EPS of $0.98.
- Revenue of $650M (+4.2% Y/Y).
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- Organic net sales increased 4.5% (Organic basis excludes the unfavorable impact from currency movements.)
- GAAP Diluted net Earnings Per Share ("EPS") were $1.01 for the third fiscal quarter compared to $0.57 in the prior year quarter.
- Adjusted EPS were $0.98, inclusive of a $0.09 unfavorable impact from currency movements, compared to $0.86 in the prior year quarter.
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- FY Outlook: Reported net sales are expected to increase slightly above the mid-point of the the range of 2% to 4%.
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- Organic net sales are now expected to increase slightly above the mid-point of the range of 3% to 5% (previously high end of the range)
- GAAP EPS is now expected to be in the range of $1.95 to $2.15 (previously $1.80 to $2.00)
- Includes: Restructuring charges*, acquisition and integration costs, Sun Care reformulation costs, Canadian Pension wind-up costs, and favorable resolution of legal matters
- Adjusted EPS is now expected to be at the high end of the range of $2.30 to $2.50
- Includes an estimated $0.38 EPS (previously $0.43) unfavorable impact from foreign currency movements
- Gross margin is now expected to be flat to the prior year (previously 30-basis point increase)
- Operating margin is expected to increase slightly
- The EPS outlook reflects the impact of estimated share repurchases
- Adjusted EBITDA is now expected to be slightly above the high end of the range of $320 to $335 million
- GAAP EPS is now expected to be in the range of $1.95 to $2.15 (previously $1.80 to $2.00)
- Organic net sales are now expected to increase slightly above the mid-point of the range of 3% to 5% (previously high end of the range)
For further details see:
Edgewell Non-GAAP EPS of $0.98, revenue of $650M