Breaking News

Chattem Reports Growth In Third Quarter

November 2, 2007

Chattem, Inc., a marketer and manufacturer of branded consumer products, reported sales jumped 51% to $109 million for the third quarter ended Aug. 31. Net income for the quarter rose 7% to $16.3 million.

For the nine months, sales rose 37% to $322.8 million. Revenue growth for both periods was driven by the five brands (including Act, Cortizone-10 and Balmex) acquired from Johnson & Johnson on Jan. 2. Net income was up more than 10% to $44.2 million.

The financial boost was also assisted by the continued growth of the Gold Bond franchise and the strength of the Icy Hot business.

“With an innovative lineup of new products for fiscal 2008, the ability to deliver with strong operating cash flows and continued gross margin improvement as we bring manufacturing of certain of the acquired brands in house, we remain very optimistic about the company’s prospects for revenue and earnings growth in fiscal 2008 and beyond,” commented Zan Guerry, chairman and chief executive officer.
blog comments powered by Disqus
  • What’s New at La Prairie?

    What’s New at La Prairie?

    Melissa Meisel, Associate Editor||April 25, 2016
    VP of marketing shares the latest buzz with Happi.

  • Mapping Out Multicultural Beauty

    Mapping Out Multicultural Beauty

    April 25, 2016
    Agnieszka Saintemarie of Kline Group about current trends and challenges in multicultural beauty.

  • At a Loss for Curls?

    April 22, 2016
    Amplixin, a Miami-based maker of hair strengthening products, has a solution for hair loss.

  • Who Makes That?

    Who Makes That?

    Tom Branna, Editorial Director||April 1, 2016
    From concept and formulation to testing and filling, today’s contract manufacturers perform a range of services for marketers

  • Multi-Cultural Beauty Update

    Multi-Cultural Beauty Update

    Christine Esposito, Associate Editor||April 1, 2016
    Established brands and start-ups address the needs of multi-cultural beauty consumers.

  • The Scalp Microbiome

    The Scalp Microbiome

    Nava Dayan PhD, Dr. Nava Dayan LLC||April 1, 2016
    A review of recent findings and innovative approaches for treating scalp disorders.