Edgewell Personal Care Company (EPC) Tops Q2 EPS by 8c; Revises FY Organic Net Sales Outlook

Edgewell Personal Care Company (NYSE: EPC) reported Q2 EPS of $1.21, $0.08 better than the analyst estimate of $1.13. Revenue for the quarter came in at $611 million versus the consensus estimate of $608.07 million.

For fiscal 2017, the Company is revising its organic net sales outlook to be approximately flat (previously up low single digits) compared to the prior year, reflecting a lower sales outlook in Feminine Care and softness in the U.S. Wet Shave Category. Reported net sales are now expected to be down approximately 1%, including an approximate 60 basis point increase from the acquisition of Bulldog, and negative foreign currency translation effects of approximately 120 basis points (based on spot exchange rates as of April 17, 2017).

The Company's outlook for GAAP EPS is now in the range of $3.50 - $3.70, reflecting increased restructuring charges. The outlook for Adjusted EPS remains in the range of $3.80 - $4.00, as the estimated impact of lower sales is mitigated by the improved currency outlook, as well as a lower tax rate. Adjusted operating income margin is anticipated to expand by 50 basis points. The effective tax rate for the fiscal year is now estimated to be in the range of 26% to 27%.

The Company anticipates that fiscal 2017 free cash flow will be approximately 100% of GAAP net earnings.

For earnings history and earnings-related data on Edgewell Personal Care Company (EPC) click here.

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