Church & Dwight’s sales increased 9.1% to $2.4 billion last year. For the fourth quarter, net income rose 4% to $44.2 million while net sales increased 11% to $644.9 million. James R. Craigie, company chairman and chief executive officer, commented, “We are very proud of the business results and strategic initiatives that the company accomplished in 2008. We delivered solid organic sales growth, increased gross margin and generated record free cash flow. In addition, we acquired the net assets of the Del Pharmaceuticals, Inc. over-the-counter businesses from Coty, Inc., began the construction of a new integrated laundry detergent manufacturing plant and distribution center in York County, PA, and completed the rollout of concentrated liquid laundry detergent.”
Consumer domestic sales rose 18% in the fourth quarter to $477.7 million. The fourth quarter included sales from the recently acquired Coty businesses. Sales of Xtra liquid laundry detergent, Arm & Hammer liquid laundry detergent and powder laundry detergent were all significantly higher than recorded in last year’s report.
These increases were offset partially by lower sales of Kaboom and other household cleaners, the company said But consumer international fourth quarter sales fell 7% to $95.1 million. Fourth quarter operating income increased 40% to $80.1 million.