Welcome to our dedicated page for Church & Dwight Co. news (Ticker: CHD), a resource for investors and traders seeking the latest updates and insights on Church & Dwight Co. stock.
Church & Dwight Co., Inc. (NYSE: CHD) is a prominent manufacturer and marketer of household, personal care, and specialty products. Founded over 170 years ago, the company boasts a rich history and a commitment to delivering quality products to consumers. The flagship brand, Arm & Hammer, is renowned for its baking soda and has extended its reach to include a variety of products such as laundry detergent, cat litter, oral care, deodorant, and nasal care.
Church & Dwight’s diverse portfolio also encompasses other well-known brands like Trojan™, OxiClean™, First Response™, Nair™, Spinbrush™, Vitafusion™, Batiste™, Orajel™, and XTRA™. The company has evolved from a primarily U.S.-focused business into a global entity, making it one of the fastest-growing consumer packaged goods companies. Despite this global expansion, over 80% of its sales still come from its home market in the United States.
Recent achievements include expanding its product line and entering new markets, which have bolstered its financial condition and market position. The company is also known for its commitment to sustainability and environmental protection, ensuring its operations and products minimize their ecological footprint.
Church & Dwight recently initiated a voluntary recall of a specific lot of TheraBreath Strawberry Splash for Kids 16oz due to microbial contamination. The company is coordinating closely with the U.S. Food & Drug Administration (FDA) and ensuring all safety protocols are followed. This issue underscores its dedication to consumer safety and product quality.
The company values the trust of its customers, consumers, and shareholders, and emphasizes the importance of its employees' dedication and engagement in every business operation worldwide. Church & Dwight's goal remains to delight customers with high-quality, affordable products while safeguarding the environment.
Finishing Touch Flawless, a beauty brand under Church & Dwight (NYSE:CHD), has partnered with model and designer Amelia Gray Hamlin as their new social ambassador. Hamlin will feature in a social media campaign promoting popular products like Flawless and Nu Razor, sharing personal insights about these tools with her followers. The collaboration aims to highlight the ease and convenience of hair removal, aligning with Hamlin's busy lifestyle. Finishing Touch Flawless, known for its dermatologist-approved and hypoallergenic devices, continues to empower women with innovative beauty solutions.
On December 15, 2020, Finishing Touch Flawless, a Church & Dwight brand, announced a partnership with actress and singer Dove Cameron. As the new brand ambassador, Cameron will promote various Flawless beauty products through a social media campaign. Brand Manager Hayley Parisi highlighted the importance of providing a safe hair removal alternative for young women and noted Cameron's influence in reaching this demographic. CEO Andy Khubani expressed excitement over Cameron joining the team, citing her authenticity as a role model for young women.
Finishing Touch® Flawless, a beauty brand under Church & Dwight Co. (NYSE: CHD), has announced a partnership with Ashley Graham, host of the Pretty Big Deal podcast. The collaboration aims to promote Flawless Cleanse and other products through Graham's podcast and social media. The campaign is set to enhance brand awareness as Graham shares her experiences with Flawless products, emphasizing empowerment and confidence. The Flawless line has been recognized for its effective beauty solutions and has ranked as the #1 selling hair removal products in the U.S. for three consecutive years.
Finishing Touch Flawless, a beauty brand under Church & Dwight Co. (NYSE: CHD), has announced a partnership with actress Halle Berry. Berry will feature in a multi-media campaign launching in January 2021, which includes television, print, and social media. Brand manager Hayley Parisi emphasized Berry's embodiment of the brand's mission to empower women. Halle Berry is recognized as a trailblazer for women of color and is being celebrated for her philanthropic efforts. Finishing Touch Flawless has been a top seller for hair removal products in the U.S. for three consecutive years.
Gryphon Investors has successfully sold its portfolio company, Matrixx Initiatives, Inc., to Church & Dwight Co., Inc. (NYSE: CHD) as of December 1, 2020. Matrixx, based in Bridgewater, NJ, is known for its Zicam cold remedy products. Since Gryphon's investment in December 2017, strategic enhancements led by CEO Marc Rovner have accelerated growth, particularly in e-commerce and product innovation. Gryphon continues to focus on the Consumer Health sector, highlighting its proactive investment strategy.
Church & Dwight Co. (NYSE: CHD) has completed the acquisition of Matrixx Initiatives, owner of the ZICAM™ brand, for $530 million. This stock purchase, funded through cash and debt, aims to enhance CHD's portfolio with Zicam, the leading zinc supplement in the U.S. Zicam's annual net sales are projected at approximately $90 million, with EBITDA around $36 million. The acquisition is expected to generate $5 million in annual cost savings by 2022 and be 3% accretive to cash earnings in 2021. The integration will be discussed during a management call on December 1, 2020.
Church & Dwight Co. reported Q3 2020 EPS of $0.85, a 37.1% increase YoY, with adjusted EPS at $0.70. Net sales rose 13.9% to $1.24 billion, driven by heightened consumer demand due to COVID-19. Organic sales grew 9.9%, primarily from volume increases. Notable growth was seen in household and personal care products. The company anticipates a full-year sales growth of about 11% and raised EPS expectations to $2.79-$2.81. Despite challenges such as gross margin contraction and supply chain costs, investments in marketing and product innovation are expected to drive future growth.
Church & Dwight Co. (NYSE:CHD) has declared a quarterly dividend of $0.24 per share, marking the 479th consecutive quarterly dividend. This dividend will be payable on December 1, 2020 to shareholders on record as of November 16, 2020. The company, known for its wide range of personal care and household products under the Arm & Hammer brand, continues to demonstrate financial stability and commitment to its investors through regular dividend payments.
Church & Dwight Co., with the stock symbol CHD, will hold a conference call on October 29, 2020, at 10:00 a.m. Eastern time to discuss its third quarter earnings results. Interested participants can join by calling 877-322-9846 in the U.S. or 631-291-4539 internationally, using access code 9285485. A replay will be available at 855-859-2056. Additionally, the call can be accessed via webcast from the Investor Relations section of the company's website. Church & Dwight manufactures a variety of products under the ARM & HAMMER brand and other trademarks.
CR Brands has launched ARM & HAMMER Essentials Disinfecting Wipes, now available at major retailers across the U.S. These wipes feature a citrus-based formula that effectively kills 99.9% of viruses and bacteria, including COVID-19, without harsh chemicals. CEO Tim Harrison noted the longstanding trust in the ARM & HAMMER brand, highlighting increased demand for sanitizing products amid the pandemic. The wipes meet EPA criteria for use against SARS-CoV-2. This launch aligns with CR Brands' strategy to expand its product offerings under recognized brands.
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