Church & Dwight Co.Inc.

Latest Results (29.08.2026):

Church & Dwight Co., Inc. — Q4 2025: The company reported Q4 net sales up 3.9% to $1,644.2 million with organic sales of +0.7%. Reported EPS was $0.60 (down YoY due to a one‑time VMS exit charge), while adjusted EPS rose to $0.86 (+11.7%). Adjusted gross margin expanded to 45.5% (+90 bps). Cash from operations remained strong; full‑year 2025 net sales were $6,203.2 million (+1.6%) with adjusted EPS $3.53 (+2.6%).

Top-line and organic growth

Q4 net sales +3.9% to $1,644.2M. Organic sales in Q4 were +0.7% (1.8% ex‑the exited VMS business). Full‑year 2025 net sales +1.6% to $6,203.2M; full‑year organic +0.7% despite a ~130 bps headwind from the exited VMS business.

Profitability and margins

Q4 reported EPS $0.60 (impacted by a $45.6M after‑tax charge related to the VMS divestiture). Q4 adjusted EPS $0.86 (+11.7% YoY). Adjusted gross margin in Q4 was 45.5% (+90 bps) and full‑year adjusted gross margin held at 45.2%.

Cash flow and capital allocation

Q4 cash from operations was $363.4M (+24.3%); full‑year cash from operations $1.215B (+5.1%). The company repurchased $300M of shares in Q4, bringing 2025 total buybacks to $900M.

Divestiture and one‑time items

Sale of the VITAFUSION™ and L’IL CRITTERS™ vitamin business closed Dec 31, 2025; the transaction generated a $45.6M after‑tax one‑time charge in Q4 and will exclude VMS from organic reporting in 2026 onward.

Segment performance (Q4)

Consumer Domestic sales $1,271.2M (+3.7%) — organic -0.1% (ex‑VMS +1.7%). Consumer International $299.8M (+5.2%), organic +3.6%. Specialty Products Division $73.2M (+2.8%), organic +2.8%.

Operating results

Income from operations in Q4 was $266.0M; adjusted income from operations $282.1M (+9.6% YoY). Adjusted other expense rose modestly, and the adjusted effective tax rate in Q4 was 21.7% (favorable vs. prior year).

Balance sheet and liquidity

As of Dec 31, 2025 total debt ~$2.2B and cash on hand $409.0M. Strong operating cash flow and lower capex (2025 capex $122.4M) support liquidity for M&A and returns.

Shareholder returns

Board approved a 4.2% quarterly dividend increase (to $0.3075 per share; annualized $1.23), marking the 30th consecutive annual increase and 125th consecutive year of quarterly dividends.

2026 outlook

Company expects 2026 volume‑driven organic sales growth of ~3–4% (reported sales to decline ~1.5% to -0.5% due to exited businesses). Adjusted gross margin expected to expand ~100 bps; adjusted EPS guidance +5–8% (reported EPS +18–22%). Cash from operations forecast ~ $1.15B; Q1 2026 adjusted EPS expected ~$0.92.