Edgewell Personal Care Company (EPC) Bundle
A Brief History of Edgewell Personal Care Company
Edgewell Personal Care Company, as of 2024, has demonstrated growth and resilience in a competitive market. The company reported net sales of $2.25 billion for the fiscal year ending September 30, 2024, which represents a slight increase of 0.1% compared to the previous fiscal year. The net earnings for the same period were $98.6 million, equivalent to $1.97 per diluted share.
Financial Performance Overview
In the fourth quarter of fiscal 2024, Edgewell's net sales were $517.6 million, a decrease of 3.1% from the prior year. This decline was attributed to a 2.8% decrease in organic net sales and a $1.8 million unfavorable impact from currency movements. The company's gross profit for this quarter was $212.8 million, resulting in a gross margin of 41.1%.
| Metric | Q4 FY 2024 | Q4 FY 2023 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Net Sales ($ millions) | 517.6 | 534.1 | 2,253.7 | 2,251.6 |
| Gross Profit ($ millions) | 212.8 | 228.6 | 955.7 | 940.8 |
| Net Earnings ($ millions) | 8.8 | 29.9 | 98.6 | 114.7 |
| Diluted EPS | 0.17 | 0.58 | 1.97 | 2.21 |
Segment Performance
The company's performance varied across its three primary segments: Wet Shave, Sun and Skin Care, and Feminine Care. In FY 2024, Wet Shave recorded net sales of $1.23 billion, a minor decrease of 0.1%. The Sun and Skin Care segment saw an increase in net sales to $740.8 million, a 5.0% growth from FY 2023. However, the Feminine Care segment experienced a decline, with net sales dropping to $283.6 million, an 10.0% decrease.
| Segment | Net Sales FY 2024 ($ millions) | Net Sales FY 2023 ($ millions) | Change (%) |
|---|---|---|---|
| Wet Shave | 1,229.3 | 1,230.9 | (0.1) |
| Sun and Skin Care | 740.8 | 705.5 | 5.0 |
| Feminine Care | 283.6 | 315.2 | (10.0) |
Capital Management and Shareholder Returns
Edgewell has actively managed its capital structure, ending FY 2024 with a net debt of $1.09 billion. The company declared a quarterly cash dividend of $0.15 per common share on October 31, 2024, which is payable on January 8, 2025. In total, Edgewell returned approximately $90 million to shareholders through share repurchases and dividends during FY 2024.
Outlook for Fiscal 2025
Looking ahead, Edgewell projects an organic net sales growth of approximately 1% to 3% for FY 2025, with GAAP EPS expected to range between $2.59 to $2.79. Adjusted EPS is projected to be between $3.15 and $3.35, reflecting the company's commitment to enhancing shareholder value and operational efficiency.
A Who Owns Edgewell Personal Care Company (EPC)
Major Shareholders
As of 2024, the ownership structure of Edgewell Personal Care Company (EPC) is characterized by a mix of institutional and individual investors.
| Shareholder Type | Ownership Percentage | Number of Shares |
|---|---|---|
| Institutional Investors | 86.3% | Approximately 36.4 million shares |
| Insider Ownership | 1.5% | Approximately 0.6 million shares |
| Retail Investors | 12.2% | Approximately 5.1 million shares |
Top Institutional Shareholders
The following institutional investors hold significant stakes in Edgewell Personal Care Company:
| Institution | Ownership Percentage | Number of Shares |
|---|---|---|
| The Vanguard Group, Inc. | 10.2% | 4.3 million shares |
| BlackRock, Inc. | 9.8% | 4.1 million shares |
| State Street Corporation | 7.5% | 3.2 million shares |
| Wellington Management Group LLP | 5.9% | 2.5 million shares |
| Dimensional Fund Advisors LP | 5.3% | 2.2 million shares |
Insider Ownership
Insider ownership comprises executive officers and board members. Key insiders include:
| Name | Position | Shares Owned |
|---|---|---|
| Rod Little | President & CEO | 250,000 shares |
| Chris Gough | VP, Investor Relations | 100,000 shares |
| Other Executives | - | 300,000 shares |
Recent Shareholder Actions
In fiscal year 2024, Edgewell Personal Care Company returned approximately $90 million to shareholders through dividends and share repurchases:
| Action | Amount |
|---|---|
| Dividends Paid | $31 million |
| Share Repurchases | $59 million |
Stock Performance Overview
As of the end of fiscal year 2024, Edgewell Personal Care Company's stock performance was as follows:
| Metric | Value |
|---|---|
| Stock Price (as of Sept 30, 2024) | $21.50 |
| Market Capitalization | $900 million |
| 52-Week Range | $18.00 - $25.00 |
Financial Performance Indicators
Key financial metrics for Edgewell Personal Care Company for the fiscal year 2024 include:
| Metric | Value |
|---|---|
| Total Revenue | $2,253.7 million |
| Net Earnings | $98.6 million |
| Diluted EPS | $1.97 |
Edgewell Personal Care Company (EPC) Mission Statement
As of 2024, Edgewell Personal Care Company (EPC) emphasizes its commitment to delivering innovative personal care products that enhance the lives of consumers around the globe. The company’s mission revolves around sustainability, quality, and consumer satisfaction, striving to be a leader in the personal care industry.
Mission Statement Overview
Edgewell aims to provide high-quality products that meet the evolving needs of consumers while minimizing environmental impact. The company focuses on:
- Innovation in product development.
- Sustainable sourcing and production practices.
- Enhancing consumer experiences through superior product efficacy.
Financial Performance Metrics (Fiscal Year 2024)
Edgewell's financial performance in 2024 reflects its commitment to operational excellence and shareholder value:
| Metric | Value |
|---|---|
| Net Sales | $2,253.7 million |
| Gross Profit | $955.7 million |
| GAAP Net Earnings | $98.6 million |
| Adjusted EPS | $3.05 |
| Operating Income | $199.3 million |
| Cash on Hand | $209 million |
| Debt | $1,275 million |
| Dividend Declared | $0.15 per share |
Key Strategic Initiatives
Edgewell continues to advance its mission through various strategic initiatives:
- Product Innovation: Continued investment in R&D to enhance product offerings, particularly in the Sun Care category.
- Sustainability Goals: Commitment to reducing carbon footprint and waste throughout the production cycle.
- Market Expansion: Focus on growing international market shares, especially in emerging markets.
Market Trends and Positioning
The personal care market is increasingly competitive. Edgewell is positioning itself through:
- Consumer-Centric Marketing: Tailoring marketing strategies to align with consumer preferences and trends.
- Digital Transformation: Leveraging e-commerce and digital marketing to enhance customer engagement.
Fiscal 2025 Outlook
Looking ahead, Edgewell projects growth driven by its strategic initiatives:
| Outlook Metric | Projected Value |
|---|---|
| Organic Net Sales Growth | 1% to 3% |
| Adjusted EPS Growth | 7% (or 13% on constant currency) |
| Adjusted EBITDA | $356 million to $368 million |
| Free Cash Flow | Approximately $185 million |
Through these efforts, Edgewell Personal Care Company aims to reinforce its market leadership while fulfilling its mission to improve the personal care experience for consumers worldwide.
How Edgewell Personal Care Company (EPC) Works
Company Overview
Edgewell Personal Care Company (NYSE: EPC) operates in the consumer goods sector, focusing on personal care products. As of fiscal year-end September 30, 2024, the company reported net sales of $2,253.7 million, marking a slight increase of 0.1% compared to the prior year. This growth was attributed to a 0.2% rise in organic net sales, driven by a 7.3% increase in international markets, which was partially offset by a 3.8% decline in North America.
Financial Performance
In fiscal 2024, Edgewell's GAAP net earnings were $98.6 million, translating to a GAAP diluted earnings per share (EPS) of $1.97. The adjusted EPS for the same period was $3.05, reflecting an 18% increase compared to the previous year. The company ended the fiscal year with cash on hand amounting to $209 million and access to a $386 million revolving credit facility.
| Metric | FY 2024 | FY 2023 |
|---|---|---|
| Net Sales | $2,253.7 million | $2,251.6 million |
| GAAP Net Earnings | $98.6 million | $114.7 million |
| GAAP EPS | $1.97 | $2.21 |
| Adjusted EPS | $3.05 | $2.59 |
| Cash on Hand | $209 million | $216.4 million |
Segment Performance
Edgewell operates through three primary segments: Wet Shave, Sun and Skin Care, and Feminine Care. The performance of each segment for the fourth quarter ended September 30, 2024, is detailed below.
| Segment | Net Sales (Q4 FY 2024) | Organic Net Sales Change | Segment Profit (Q4 FY 2024) | Segment Profit Change |
|---|---|---|---|---|
| Wet Shave | $318.2 million | (1.5)% | $62.2 million | +13.3% |
| Sun and Skin Care | $132.7 million | (3.8)% | $14.0 million | (38.3)% |
| Feminine Care | $66.7 million | (8.9)% | $6.2 million | (46.6)% |
| Total | $517.6 million | (3.1)% | $82.4 million | (7.6)% |
Cash Flow and Capital Allocation
For the twelve months ended September 30, 2024, Edgewell reported net cash from operating activities of $231.0 million, an increase from $216.1 million in the prior year. The company allocated approximately $90 million to shareholders through dividends and share repurchases during the fiscal year.
| Cash Flow Item | FY 2024 | FY 2023 |
|---|---|---|
| Net Cash from Operating Activities | $231.0 million | $216.1 million |
| Dividends Paid | $30.7 million | $31.5 million |
| Share Repurchases | $58.5 million | $75.2 million |
Outlook for Fiscal Year 2025
Edgewell has provided an outlook for fiscal 2025, projecting organic net sales growth of approximately 1% to 3%. The expected GAAP EPS is projected to be in the range of $2.59 to $2.79, while adjusted EPS is anticipated between $3.15 and $3.35. The company also expects adjusted EBITDA to fall in the range of $356 million to $368 million.
| Metric | Fiscal 2025 Outlook |
|---|---|
| Organic Net Sales Growth | 1% to 3% |
| GAAP EPS | $2.59 to $2.79 |
| Adjusted EPS | $3.15 to $3.35 |
| Adjusted EBITDA | $356 million to $368 million |
| Free Cash Flow | Approx. $185 million |
How Edgewell Personal Care Company (EPC) Makes Money
Revenue Streams
Edgewell Personal Care Company (EPC) generates revenue primarily through three main segments: Wet Shave, Sun and Skin Care, and Feminine Care. For the fiscal year ending September 30, 2024, the company reported total net sales of $2,253.7 million, reflecting a slight increase of $2.1 million, or 0.1%, compared to the previous fiscal year.
| Segment | Net Sales (FY 2024, in millions) | Organic Growth (%) |
|---|---|---|
| Wet Shave | $1,229.3 | (0.1) |
| Sun and Skin Care | $740.8 | 5.0 |
| Feminine Care | $283.6 | (10.0) |
| Total | $2,253.7 | 0.1 |
Segment Performance
In fiscal Q4 2024, the net sales were $517.6 million, which represented a decrease of 3.1% year-over-year. The decline was attributed to a combination of unfavorable currency impacts and organic sales decreases across segments.
| Segment | Net Sales (Q4 2024, in millions) | Change (%) |
|---|---|---|
| Wet Shave | $318.2 | (1.5) |
| Sun and Skin Care | $132.7 | (3.8) |
| Feminine Care | $66.7 | (8.9) |
| Total | $517.6 | (3.1) |
Cost Structure
The cost of products sold (COGS) for the fiscal year 2024 was $1,298.0 million, leading to a gross profit of $955.7 million and a gross margin of 42.4%. The adjusted gross margin improved by 140 basis points compared to the previous year.
| Cost Item | Amount (FY 2024, in millions) |
|---|---|
| Cost of Products Sold | $1,298.0 |
| Gross Profit | $955.7 |
| Gross Margin (%) | 42.4 |
Operating Expenses
Total selling, general and administrative expenses (SG&A) for the fiscal year were $430.1 million, accounting for 19.1% of net sales. Advertising and promotion expenses (A&P) were $232.0 million, or 10.3% of net sales, indicating a slight increase from the prior year.
| Expense Type | Amount (FY 2024, in millions) | Percentage of Net Sales (%) |
|---|---|---|
| SG&A | $430.1 | 19.1 |
| A&P | $232.0 | 10.3 |
Profitability Metrics
Operating income for fiscal 2024 was reported at $199.3 million, with an operating margin of 8.8%. The adjusted operating income was $267.2 million, translating to an adjusted operating margin of 11.9%.
| Metric | Amount (FY 2024, in millions) | Operating Margin (%) |
|---|---|---|
| Operating Income | $199.3 | 8.8 |
| Adjusted Operating Income | $267.2 | 11.9 |
Net Earnings and Shareholder Returns
GAAP net earnings for the fiscal year 2024 totaled $98.6 million, or $1.97 per diluted share. Adjusted net earnings were $153.0 million, reflecting a growth of 21% at constant currency compared to the previous year.
| Metric | Amount (FY 2024) |
|---|---|
| GAAP Net Earnings | $98.6 million |
| Adjusted Net Earnings | $153.0 million |
| GAAP EPS | $1.97 |
| Adjusted EPS | $3.05 |
Cash Flow and Capital Allocation
Net cash from operating activities was $231.0 million for the twelve months ended September 30, 2024. The company returned approximately $90 million to shareholders through dividends and share repurchases during the fiscal year.
| Cash Flow Item | Amount (FY 2024, in millions) |
|---|---|
| Net Cash from Operating Activities | $231.0 |
| Total Shareholder Returns | $90.0 |
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Updated on 16 Nov 2024
Resources:
- Edgewell Personal Care Company (EPC) Financial Statements – Access the full quarterly financial statements for Q4 2024 to get an in-depth view of Edgewell Personal Care Company (EPC)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Edgewell Personal Care Company (EPC)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.