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NEW YORK - On Friday, Church & Dwight Co., Inc. (NYSE:CHD) reported fourth quarter earnings that met analyst expectations, while revenue slightly exceeded estimates. The consumer products company also provided guidance for 2025 that was largely in line with forecasts.
The maker of Arm & Hammer baking soda and Trojan condoms said fourth quarter adjusted earnings per share came in at $0.77, matching the consensus estimate. Revenue rose 3.5% year-over-year to $1.58 billion, edging past analyst projections of $1.57 billion.
For the full year 2024, Church & Dwight reported adjusted earnings of $3.44 per share on revenue of $6.11 billion.
Looking ahead, the company expects 2025 organic sales growth of 3-4% and adjusted earnings per share growth of 7-8%. However, first quarter guidance came in below expectations, with the company forecasting adjusted EPS of $0.90, down 6% year-over-year and below the $0.98 consensus.
"We are thrilled to deliver another year of strong results," said CEO Matthew Farrell. "Our outstanding full year 2024 results reflect the strength of our brands, the success of our new products, and our continued focus on execution."
Church & Dwight shares dipped 0.11% in early trading following the earnings release. The muted stock reaction suggests investors viewed the results and outlook as largely in line with expectations.
The company said it expects persistently elevated input costs in 2025, but anticipates offsetting this through favorable product mix, higher volumes and productivity gains. Marketing spend is projected to exceed 11% of sales as Church & Dwight continues to invest behind its brands.
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