More on Church & Dwight's Q4

|About: Church & Dwight Co Inc. (CHD)|By:, SA News Editor

Church & Dwight (NYSE:CHD) reports organic sales growth of 3.4% in Q4 driven by 4.3% rise in volume.

Consumer domestic net sales grew 13.3% to $787.8M, led by 3.3% growth in household products.

Consumer international net sales up 33.3% to $170.1M.

Specialty products net sales increased 3% to $75.2M.

Adjusted gross margin rate advanced 50 bps to 46.6%.

SG&A expense rate +90 bps to 14.1% due to amortization expenses related to acquisitions.

Adjusted operating margin rate improved 90 bps to 20.8%.

Q1 Guidance: Sales: +11%; Organic sales growth: ~+2%;Adjusted EPS: $0.61.

FY2018 Guidance: Sales: ~+8%; Organic sales growth: ~+3%; Adjusted gross margin rate: flat; Tax rate: ~24% to 25%; Diluted EPS: $2.24 to $2.28; Adjusted EPS: $2.24 to $2.28.

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