Mission Statement, Vision, & Core Values (2024) of Edgewell Personal Care Company (EPC)

An Overview of Edgewell Personal Care Company (EPC)

General Summary of Edgewell Personal Care Company

Edgewell Personal Care Company (NYSE: EPC), established in 2012, has its roots in the merger of Energizer Holdings, Inc. and Edgewell Personal Care Company. The company specializes in a wide array of personal care products, including wet shave, feminine care, sun care, and skin care products. Key brands under its umbrella include Schick, Wilkinson Sword, Banana Boat, and Playtex.

As of 2024, Edgewell reported net sales of $2,253.7 million, which represents a slight increase of 0.1% from the previous year. The organic sales growth for the same period was 0.2%, reflecting a challenging market environment, particularly in North America.

Company's Financial Performance in Latest Financial Reports

In the fourth quarter of fiscal 2024, Edgewell reported net sales of $517.6 million, a decrease of 3.1% compared to the prior year quarter. The company’s gross profit for the quarter was $212.8 million, with a gross margin of 41.1%.

For the full fiscal year 2024, the GAAP net earnings were $98.6 million, or $1.97 per diluted share, compared to $114.7 million or $2.21 per diluted share in the prior year. Adjusted net earnings were $153.0 million, or $3.05 per share, an increase of 21% at constant currency compared to the previous year.

Edgewell's adjusted EBITDA for fiscal 2024 was $353.0 million, an increase from $342.2 million in the prior year. The company returned approximately $90 million to shareholders through dividends and share repurchases during the fiscal year.

Introduction to Edgewell as an Industry Leader

Edgewell Personal Care Company has established itself as a leader in the personal care industry, with a comprehensive portfolio that addresses various consumer needs. The company’s strategic focus on innovation and expanding its market presence, particularly in international markets, has allowed it to adapt to changing consumer preferences and competitive pressures.

As of 2024, the company's fiscal outlook suggests anticipated growth, projecting organic net sales growth of approximately 1% to 3% and 7% growth in adjusted EPS for fiscal 2025.

Mission Statement of Edgewell Personal Care Company (EPC)

Mission Statement Overview

Edgewell Personal Care Company (EPC) is dedicated to providing high-quality personal care products that enhance the lives of its consumers. The mission statement serves as a guiding framework for the company's operations, influencing its strategies and long-term objectives. This mission reflects the commitment to innovation, sustainability, and customer satisfaction.

Core Component 1: Quality Products

EPC emphasizes delivering superior quality in all its products. This commitment is evident in its rigorous testing and quality assurance processes. For instance, in fiscal year 2024, the company reported a gross profit of $955.7 million, indicating strong product performance in the market. The adjusted gross margin increased by 140 basis points, showcasing effective cost management and pricing strategies that support high-quality offerings.

Core Component 2: Innovation

Innovation is a cornerstone of Edgewell's mission. The company invests significantly in research and development, with expenses amounting to $58.4 million in fiscal 2024. This investment has led to the introduction of category-leading products, particularly in the Sun Care segment, which saw a 5% growth in net sales during the same fiscal year. The focus on innovation not only drives product development but also enhances the overall consumer experience.

Core Component 3: Sustainability

Sustainability initiatives are integral to EPC's mission statement. The company strives to minimize its environmental impact through sustainable sourcing and eco-friendly product formulations. In fiscal 2024, Edgewell's total net sales reached $2,253.7 million, reflecting its commitment to growing its market share while adhering to sustainable practices. The company aims to enhance its sustainability measures further in the upcoming fiscal year, aligning with consumer expectations and regulatory requirements.

Vision Statement of Edgewell Personal Care Company (EPC)

Vision Statement of Edgewell Personal Care Company (EPC)

Edgewell Personal Care Company (EPC) aims to be a global leader in personal care products, focusing on innovation and sustainability. The vision statement encapsulates several core components that guide the company's strategic direction and operational goals.

Edgewell emphasizes a robust commitment to innovation in product development. The company has invested significantly in R&D, with an annual expenditure of $58.4 million in fiscal 2024. This investment supports the introduction of new products that meet evolving consumer needs, particularly in the Sun Care and Grooming segments, which have shown positive growth trends.

The company is dedicated to sustainability, aiming for a 10% reduction in greenhouse gas emissions across its operations by 2025. These initiatives align with increasing consumer demand for environmentally friendly products and practices. Edgewell's sustainability efforts are reflected in its product lines, which incorporate recyclable materials and sustainable sourcing practices.

Edgewell's vision includes expanding its global footprint, with international markets experiencing a 7.3% growth in fiscal 2024. This expansion strategy is crucial as it allows the company to diversify its market risks and tap into emerging markets where demand for personal care products is rising.

At the core of Edgewell's vision is a consumer-centric approach. The company focuses on understanding and addressing consumer preferences through targeted marketing strategies. In fiscal 2024, advertising and sales promotion expenses reached $232.0 million, reflecting a commitment to engaging effectively with its customer base.

Financially, Edgewell aims for stable growth, with fiscal 2025 projections indicating an expected organic net sales growth of 1% to 3%. The company has demonstrated resilience with a net cash position of $209 million and a net debt leverage ratio of 3.1x as of September 30, 2024.

Core Values of Edgewell Personal Care Company (EPC)

Integrity

Integrity is a foundational value at Edgewell Personal Care Company (EPC) as of 2024. It emphasizes honesty, transparency, and accountability in all dealings.

EPC has demonstrated its commitment to integrity through various initiatives, including the establishment of a robust compliance program and regular training for employees on ethical practices. In fiscal 2024, the company reported a net earnings figure of $98.6 million, which reflects its commitment to maintaining ethical standards while driving profitability.

Innovation

Innovation drives EPC’s growth and competitiveness in the personal care market. The company invests significantly in research and development to create new products that meet consumer needs.

For instance, in fiscal year 2024, EPC allocated approximately $58.4 million to research and development, focusing on enhancing product offerings such as its Sun Care line, which saw a growth of 5.0% in net sales. This investment in innovation has led to the introduction of category-leading products that have strengthened EPC's market position.

Respect

Respect is integral to EPC’s corporate culture, promoting a diverse and inclusive workplace. The company prioritizes respect for its employees, customers, and communities.

In fiscal 2024, EPC reported an increase in employee engagement scores, attributed to initiatives aimed at fostering an inclusive environment. This commitment to respect is reflected in their community outreach programs, which have seen a budget allocation of $1.2 million for various social responsibility initiatives.

Collaboration

Collaboration is vital for EPC as it seeks to enhance teamwork and partnership both internally and externally. The company believes that collaborative efforts lead to better outcomes.

EPC's collaborative initiatives include partnerships with suppliers and retailers to drive mutual growth. In fiscal 2024, EPC reported a 2.4% growth in international markets, largely due to effective collaboration with global partners.

Accountability

Accountability at EPC ensures that all employees are responsible for their actions and decisions. This value fosters a culture of ownership and performance excellence.

In fiscal 2024, EPC maintained a net debt leverage ratio of 3.1x, demonstrating financial accountability and prudent management of resources. The company also reported a cash flow from operating activities of $231.0 million, reflecting strong operational accountability.

Updated on 16 Nov 2024

Resources:

1. 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.
2. 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.