Edgewell Personal Care Company (EPC) Tops Q3 EPS by 21c, provides guidance

Edgewell Personal Care Company (NYSE: EPC) reported Q3 EPS of $1.22, $0.21 better than the analyst estimate of $1.01. Revenue for the quarter came in at $647.8 million versus the consensus estimate of $650.8 million.

GUIDANCE:

Edgewell Personal Care Company sees FY2024 EPS of $3.00, versus the consensus of $2.91.

Organic net sales are now expected to increase approximately 1% (previously 2%)

Currency is now expected to negatively impact reported net sales by 35-basis points (previously, no impact)

GAAP EPS is now expected to be approximately $2.28 (previously in the range of $2.20 to $2.40)

Includes: Restructuring and re-positioning charges*, Acquisition and integration costs, Sun Care reformulation, costs related to the Wet One\'s manufacturing plant fire, a Legal matter charge, Loss on an investment, and Other costs.

Adjusted EBITDA is now expected to be approximately $356 million (previously in the range of $348 to $360 million)

Includes an estimated $8 million unfavorable impact from foreign currency changes (previously $11 million unfavorable impact)

Other Expense, net is expected to be approximately zero (previously expense of $3 million)
Interest expense associated with debt is expected to be approximately $77 million (previously $78 million)
Adjusted effective tax rate is expected to be approximately 22%
Total depreciation and amortization expense expected to be approximately $90 million (previously $92 million)
Capital expenditures expected to be approximately 2.5% of net sales
Free cash flow is expected to be approximately $170 million

For earnings history and earnings-related data on Edgewell Personal Care Company (EPC) click here.

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