Church&Dwight Co. Inc.

Overview Key strengths Key risks Strong market positions in niche categories and a diverse product portfolio. Highly acquisitive, resulting in temporary leverage increases. Consistent organic revenue growth of low- to mid-single-digit percent. Participation in highly competitive laundry category. Track record of deleveraging after acquisitions. Exposure to commodity and supply chain cost volatility. Conservative financial policies. Earlier this year, C&D announced that it was raising its Evergreen model top-line growth target 1% due to its track record of growth above 3%, strong performance by its recent acquisitions of TheraBreath and Hero Cosmetics, and greater growth expectations in international markets. Most recently, for the first quarter ended March 31, 2024, C&D generated 5.2% organic revenue growth, volumes grew 3.7%, and price and

...Church & Dwight Co. Inc. (C&D) raised its long-term organic revenue target to 4% from 3%. Earlier this year, C&D announced that it was raising its Evergreen model top-line growth target 1% due to its track record of growth above 3%, strong performance by its recent acquisitions of TheraBreath and Hero Cosmetics, and greater growth expectations in international markets. Most recently, for the first quarter ended March 31, 2024, C&D generated 5.2% organic revenue growth, volumes grew 3.7%, and price and mix increased 1.5%. Demand has increased across...

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