Financial News

Church & Dwight Sees Gains in Q3


By: Tom Branna

Church & Dwight Sees Gains in Q3

Third quarter 2015 reported net sales increased or 2.4% to $861.8 million at Church & Dwight. Organic sales growth for the third quarter 2015 was 3.2%, driven by volume growth of 2.2% and 1.0% favorable product mix and pricing.

“We are extremely pleased with the sales and earnings growth in the third quarter. Our strong organic growth was driven by innovative new products launched in all of our major categories as we believe that innovation is the key to increasing our market share and reviving category growth in this challenging economy,” noted James Craigie, Church & Dwight chairman and CEO.

Consumer domestic net sales rose 4.7% to $656.4 million. Third quarter organic sales increased 2.8%, primarily due to the firm’s cat litter franchise, but also by higher sales of Arm & Hammer liquid laundry detergent and Batiste dry shampoo, according to the company. 
Consumer international net sales increased 8.4% to $124.7 million, driven largely by higher sales in Australia, Canada, Europe and Mexico. 

Church & Dwight’s specialty products net sales were $80.7 million, a 2.9% increase driven by the recent acquisition of the Vi-COR business.

 “2015 has been another excellent year so far in terms of overall business results,” noted Craigie. “We believe that we are positioned to continue to deliver strong sales and earnings growth with our balanced portfolio of value and premium products, the launch of innovative new products, and productivity programs.” 

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