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Church & Dwight Co. Raises 2018 Outlook - Quick Facts

Church & Dwight Co., Inc. (CHD) announced the company now expects full year 2018 sales growth to exceed 9% and organic sales growth to be approximately 4%. Church & Dwight continues to expect full year gross margin to contract 120 basis points. 2018 EPS outlook is $2.27 (reported decline of 22% due to 2017 tax law changes) or adjusted EPS growth of 17%.

For the fourth-quarter, the company expects reported and organic sales growth of approximately 3%. EPS is expected to be $0.57 per share (reported decline of 64% due to 2017 tax law changes), a 10% increase over last year's adjusted fourth-quarter EPS.

For the third-quarter, reported EPS was $0.58, an 11.5% increase, from prior year. Adjusted EPS increased 18.4% excluding a prior year $0.03 tax benefit from a joint venture impairment charge. Net sales grew 7.2% to $1.04 billion. Organic sales grew 4.7% driven by global consumer products growth of 5.4%. Global consumer organic sales were driven by volume growth of 3.7% and positive product mix and pricing of 1.7%.

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