Earnings Review and Free Research Report: Edgewell Personal Care’s Adjusted Diluted EPS Increased 68.2%

Research Desk Line-up: Coty Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 30, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Edgewell Personal Care Co. (NYSE: EPC) (“Edgewell”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=EPC, following the Company’s release of its financial results on August 08, 2017, for the third quarter of the fiscal year 2017. The Company’s adjusted operating income increased 36.3% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Personal Products industry. Pro-TD has currently selected Coty Inc. (NYSE: COTY) for due-diligence and potential coverage as the Company announced on August 22, 2017, its financial results for Q4 FY17 and full year FY17 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Coty when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on EPC; also brushing on COTY. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

For the three months ended July 01, 2017, Edgewell’s revenue decreased 1.2% on a y-o-y basis, or 0.6% on an organic basis, to $637.5 million from $645.1 million in Q3 FY16. The revenue numbers were below analysts’ expectations of $644.7 million.

During Q3 FY17, Edgewell’s gross profit increased 3.5% to $322.1 million from $311.2 million in Q3 FY16. For the reported quarter, the Company’s gross margin increased 230 basis points to 50.5% of revenue from 48.2% of revenue in Q3 FY16. The increase was mainly attributable to lower product costs due to operational efficiencies and lower commodity costs and favorable product mix. For the reported quarter, the Company’s adjusted gross margin increased 240 basis points to 50.6% of revenue from 48.2% of revenue in Q3 FY16.

For the reported quarter, the Company’s selling, general, and administrative expenses (SG&A) decreased 90 basis points to 15.3% of revenue from 16.2% of revenue in Q3 FY16. During Q3 FY17, Edgewell’s A&S expenses decreased 6.8% to $114.2 million from $122.5 million in the same quarter of last year. During Q3 FY17, Edgewell’s R&D expenses decreased 6.3% to $16.4 million from $17.5 million in the same quarter of last year.

During Q3 FY17, Edgewell’s earnings before interest, tax, depreciation, and amortization (EBITDA) increased 30.4% to $105.6 million from $81 million in Q3 FY16. For the reported quarter, the Company’s adjusted EBITDA increased 34.7% to $119.3 million from $88.6 million in Q3 FY16.

During Q3 FY17, Edgewell’s operating income increased 92.1% to $65.5 million from $34.1 million in the same quarter of last year. For the reported quarter, the Company’s adjusted operating income increased 36.3% to $94.3 million from $69.2 million in Q3 FY16.

During Q3 FY17, Edgewell’s net income increased 49.6% to $54.9 million on a y-o-y basis from $36.7 million in Q3 FY16. During Q3 FY17, the Company’s adjusted net income decreased 62.5% to $63.7 million on a y-o-y basis from $39.2 million in Q3 FY16. For the reported quarter, the Company’s diluted earnings per share (EPS) decreased 55.7% to $0.95 on a y-o-y basis from $0.61 in Q3 FY16. During Q3 FY17, the Company’s adjusted diluted EPS decreased 68.2% to $1.11 on a y-o-y basis from $0.66 in Q3 FY16. The adjusted diluted EPS surpassed analysts’ expectations of $0.79.

Segment Details

Wet Shave – During Q3 FY17, Edgewell’s Wet Shave segment’s revenue decreased 1.7% to $358.5 million from $364.6 million in Q3 FY16. For the reported quarter, the segment’s profit increased 31.4% to $59.8 million from $45.5 million in Q3 FY16.

Sun and Skin Care – During Q3 FY17, Edgewell’s Sun and Skin Care segment’s revenue increased 6.5% to $161.1 million from $151.3 million in Q3 FY16. For the reported quarter, the segment’s profit increased 23.6% to $42.4 million from $34.3 million in Q3 FY16.

Feminine Care – During Q3 FY17, Edgewell’s Feminine Care segment’s revenue decreased 11.0% to $86.4 million from $97.1 million in Q3 FY16. For the reported quarter, the segment’s profit increased 2.7% to $7.6 million from $7.4 million in Q3 FY16.

Balance Sheet

As on July 01, 2017, Edgewell’s cash and cash equivalents decreased 38.4% to $454.9 million from $738.9 million in Q4 FY16. During Q3 FY17, the Company’s inventories increased 11% to $343.1 million from $309.2 million in Q4 FY16.

During Q3 FY17, Edgewell’s accounts payable increased 20.6% to $236.9 million from $196.5 million in Q4 FY16.

For the reported quarter, the Company’s long-term debt increased 2.6% to $1.58 billion from $1.54 billion in Q4 FY16.

Outlook

For FY18, Edgewell expects adjusted operating margin to increase by 50 basis points – 70 basis points and expects effective tax rate to be in the range of 24% – 25%.

Edgewell estimates diluted EPS to be in the band of $3.90 – $4.05 for the fiscal year 2017.

Stock Performance

On Tuesday, August 29, 2017, the stock closed the trading session at $75.11, marginally up 0.31% from its previous closing price of $74.88. A total volume of 286.59 thousand shares have exchanged hands. Edgewell Personal Care’s stock price advanced 4.03% in the last one month and 2.69% in the past three months. Furthermore, since the start of the year, shares of the Company have gained 2.90%. The stock is trading at a PE ratio of 21.14 and currently has a market cap of $4.27 billion.

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