Church & Dwight, the maker of popular consumer products such as Arm & Hammer, has announced a rise in revenue for the third quarter. The company has experienced increased demand for its household and personal-care items both in the United States and internationally.
Quarterly Financial Results
In the third quarter, Church & Dwight reported a profit of $177.5 million, equivalent to 71 cents per share. This is a slight decrease from last year’s figures which stood at $187.1 million, or 76 cents per share. However, the company’s adjusted earnings of 74 cents per share surpassed analysts’ expectations of 69 cents per share.
Furthermore, Church & Dwight’s revenue showed an impressive growth of nearly 11%, reaching $1.46 billion. Analysts surveyed by FactSet had predicted revenue of $1.44 billion.
Global Expansion and Supply-Chain Resilience
CEO Matthew Farrell expressed satisfaction with the company’s ability to navigate supply-chain challenges, which has contributed to its international business growth. This resilience has enabled Church & Dwight to maintain its market presence and expand its global reach.
Strong Performance in Consumer-Domestic Business
Sales in the consumer-domestic sector saw a significant boost, driven by strong performance in household and personal-care products. With a rise of 12%, sales in this segment reached $1.13 billion. The growth was attributed to increased volume and higher prices.