Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue May 2015
 •  US Economy Slips in Q1  •  Gojo To Expand Footprint  •  "Break Up with Your Makeup"  •  Ulta Posts Strong Q1  •  Fortunate Ones
Print

Chattem Reports Growth In Third Quarter



Published November 2, 2007
Related Searches: business officer brand financial
Post a comment
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