CHURCH & DWIGHT Reports Q2 FY 2023 Earnings on June 30, 2023
July 30, 2023
🌥️Earnings Overview
CHURCH & DWIGHT ($NYSE:CHD) reported on June 30, 2023, their earnings results for the second quarter of fiscal year 2023, with total revenue of USD 1454.2 million, up 9.7% from the same period a year prior. Net income also increased 18.2%, reaching USD 221.2 million.
Share Price
On Friday, CHURCH & DWIGHT Co., Inc. (NYSE: CHD) reported its second quarter earnings for the fiscal year 2023. The company opened at a stock price of $97.0 and closed at $97.2, up by 1.3% from the previous closing price of $96.0. CHURCH & DWIGHT’s CEO stated that despite the pandemic, their focus on delivering strong results has enabled them to report a solid set of quarterly earnings.
He also expressed optimism about the company’s future prospects as it is well-positioned to capitalize on growth opportunities in its core markets of consumer and institutional product categories. Overall, the company’s strong performance reflects its commitment to delivering value to shareholders and its ability to adapt quickly to changing market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CHD. More…
| Total Revenues | Net Income | Net Margin |
| 5.64k | 446.8 | 7.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CHD. More…
| Operations | Investing | Financing |
| 1.08k | -758 | -568.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CHD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.51k | 4.6k | 15.9 |
Key Ratios Snapshot
Some of the financial key ratios for CHD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.1% | -13.1% | 11.7% |
| FCF Margin | ROE | ROA |
| 15.6% | 10.9% | 4.8% |
Analysis
GoodWhale has conducted an analysis of CHURCH & DWIGHT’s fundamentals, and the results are encouraging. On the Star Chart, CHURCH & DWIGHT has a high health score of 8/10, indicating that it is capable of sustaining future operations in times of crisis. This is based on its healthy cashflows and debt levels. In terms of its fundamentals, CHURCH & DWIGHT is strong in dividend and profitability, but only medium in growth. It is weak in assets, however. Based on these findings, we classify CHURCH & DWIGHT as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given this profile, CHURCH & DWIGHT may be attractive to value investors who are looking for companies with steady cashflows and dividends, as well as growth investors who are willing to invest in stocks with moderate growth potential. More…
Peers
In the cleaning and laundry products industry, there is intense competition between Church & Dwight Co Inc and its competitors Henkel AG & Co KGaA, Unilever PLC, and Clorox Co. Each company has its own unique strengths and weaknesses, and each is constantly trying to gain an edge over the others. The competition between these companies is fierce, and it is always changing.
– Henkel AG & Co KGaA ($LTS:0IZ8)
Henkel AG & Co KGaA is a German chemical and consumer goods company with a market cap of 26.6 billion as of 2022. The company has a return on equity of 4.84%. Henkel operates in three business segments: Laundry & Home Care, Beauty Care, and Adhesive Technologies. The company was founded in 1876 and is headquartered in Düsseldorf, Germany.
– Unilever PLC ($LSE:ULVR)
Unilever PLC is a British-Dutch transnational consumer goods company co-headquartered in London, England and Rotterdam, Netherlands. Its products include food, beverages, cleaning agents and personal care products. It is the world’s largest consumer goods company measured by 2012 revenue.
Unilever PLC has a market cap of 98.85B as of 2022 and a Return on Equity of 30.85%. The company’s strong market position and high ROE indicate that it is a well-established and profitable business. Unilever PLC’s product portfolio is diversified, which helps to insulate the company from downturns in any one particular product category. The company has a strong international presence, which gives it a competitive advantage in many markets.
– Clorox Co ($NYSE:CLX)
Clorox Co is a publicly traded company that manufactures and markets consumer and institutional products. The company has a market capitalization of 16.67 billion as of 2022 and a return on equity of 93.23%. Clorox’s products are sold in over 100 countries and include brand names such as Clorox, Formula 409, Glad, Kingsford, Pine-Sol, Liquid-Plumr, and Hidden Valley. The company has a long history of dividend growth and has increased its dividend for 42 consecutive years.
Summary
CHURCH & DWIGHT reported strong financial results in the second quarter of fiscal year 2023, ending June 30th. Total revenue increased 9.7% from the same period a year prior to USD 1454.2 million, while net income rose 18.2% year-over-year to USD 221.2 million. This marks a positive trend in revenue and net income growth for CHURCH & DWIGHT, suggesting a strong investment opportunity for potential investors. The company has generated strong profits and looks poised to continue this trend in the future.
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