Sales: $326 million
Sales:$326.6 million. Net income: $33.9 million.
Mark Pettie, chairman and chief executive officer; Peter J. Anderson, chief financial officer; James E. Kelly, chief marketing officer, OTC & personal care; Lieven Nuyttens, senior vice president, operations; Charles M. Schrank, chief marketing officer, household products; Charles N. Jolly, general counsel and secretary; John Parkinson, senior vice president, international; Jean Boyko, senior vice president, science and technology; David B. Talbert, senior vice president, sales.
OTC—Chloraseptic, Clear Eyes, Compoz, Compound W, Dermoplast, Freezone, Heet, Little Remedies, Momentum, Mosco, Murine, New-Skin, Outgro, Oxipor, Percoqesic. Household—Chore Boy, Cinch, Comet, Spic and Span. Personal care—Cloverine, Cutex, Denorex, Ezo, Kerodex, Prell, Zincon.
New Products:Comet Spray Gel Mildew Stain Remover.
Comments:Sales rose 3%, but net income dropped 6%. Chairman and CEO Mark Pettie said the company is pleased with the results and that the company is on the road to sustainable organic growth. During the year, Prestige Brands management identified the strategic changes necessary to deliver this growth and are implementing them in the new year.
“The key elements of disciplined portfolio management, breakthrough innovation, international growth, and improved organizational effectiveness set the stage for what we anticipate will be improved organic growth performance in the new fiscal year and beyond,” he said.