The following is a summary of the Church & Dwight Co., Inc. (CHD) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Church & Dwight reported Q1 sales growth of 5.1% and organic sales growth of 5.2%.

• Adjusted EPS for Q1 was $0.96, exceeding the projected $0.85.

• Gross margin expanded 220 basis points, driven by higher sales and productivity.

• Online sales make up 20.5% of the company's global sales.

• The effective tax rate for the quarter was 19.9%, a decrease due to high stock option exercise levels.

• Cash from operating activities increased to $263 million.

• The company anticipates full-year EPS growth to be in the range of 8% to 9%.

Business Progress:

• The company has signed an agreement to acquire its Japanese distributor, Graphico, indicating expansion in Japan and the APAC region.

• Church & Dwight's Batiste and Therabreath brands showed strong growth in Q1.

• The company is also focusing on capacity expansion projects for business growth.

• Despite challenges such as slow retailer reorders, Church & Dwight expects to keep its business outlook for the year optimistic.

• The company has completed an acquisition in Japan to serve as a base for future growth in Southeast Asia.

• They are planning on launching HERO in 40 countries by 2024 and are exploring further acquisitions.

More details: Church & Dwight IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.