Report title: Credit Update: S.C. Johnson & Son, Inc.
from Fitch Research
2 page (606 word) report published Jan 02, 2008

Price $165.00 available for immediate download
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...Diverse geographies and portfolio of leading brands. While North America accounts for about half of operations, S.C. Johnson & Son, Inc. (SCJ) is not dependent on any one product or region. Strong, high quality cash flows and financial metrics. For the fiscal year ended June ##, ####, revenues grew at high levels supported by volume and pricing increases as well as foreign exchange. EBIT DA margins improved with cost controls and top-line growth. Free cash flow reache d a four-year high. Debt is amortizing as scheduled and was $#.### billion at year s en d. Cash balances are at record levels. Intense competitive activity combined with recent escalations in commodity prices could pressure margins in the near term. However, the company s cost containment programs are moderating the impact. Additionally, the consumer packaged goods industry has already begun to initiate price increases to cope with escalating costs, which should provide some pricing flexibility to all...

Report Type: Credit Update
Company(ies): S.C. Johnson & Son, Inc.
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