AI English summary of an SEC filing — figures as filed
Church & Dwight CHDThe company said net sales for Q2 2024 were $1,511.2 (up $57.0, or 3.9% from the prior-year period), and gross profit was $712.1. It said gross margin rose 320 basis points, and it cited the favorable tariff ruling as contributing 180 basis points of that increase.
Key points
AI summaryThe company said net sales for Q2 2024 were $1,511.2 (up $57.0, or 3.9% from the prior-year period), and gross profit was $712.1. It said gross margin rose 320 basis points, and it cited the favorable tariff ruling as contributing 180 basis points of that increase.
The company said it received a favorable tariff ruling from the U.S. government on Q2 2024 related to certain products imported from China. It said the ruling reduced Cost of goods sold by $26.1 in Q2.
The company said it acquired Graphico, Inc. on June 3, 2024, paying $19.9 at closing net of cash acquired, and acquired the remaining minority shares for about $2.0 in July 2024. It also said it sold the Passport food safety business for cash in Q2, with $6.6 held in escrow $0.5.
The company said net cash provided by operating activities fell $9.3 to $499.9 in the 6 months ended June 30, 2024, from $509.2 in the same period a year earlier. It said that as of June 30, it had $491.7 in cash and cash equivalents, and about $1,495.0 available through the Revolving Credit Facility and its commercial paper program.
Key figures
Quarter ended June 30, 2024
- Revenue
- $1.5B
- Operating income
- $337M
- Net income
- $244M
- EPS
- $0.99
- Gross profit
- $712M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q2 Net Sales and Gross Margin Change
The company said net sales for Q2 2024 were $1,511.2 (up $57.0, or 3.9% from the prior-year period), and gross profit was $712.1. It said gross margin rose 320 basis points, and it cited the favorable tariff ruling as contributing 180 basis points of that increase.
Source · Based on the MD&A text of the filing
Tariff Ruling on Products Imported from China
The company said it received a favorable tariff ruling from the U.S. government on Q2 2024 related to certain products imported from China. It said the ruling reduced Cost of goods sold by $26.1 in Q2.
Source · Based on the MD&A text of the filing
Graphico Acquisition and Passport Business Sale
The company said it acquired Graphico, Inc. on June 3, 2024, paying $19.9 at closing net of cash acquired, and acquired the remaining minority shares for about $2.0 in July 2024. It also said it sold the Passport food safety business for cash in Q2, with $6.6 held in escrow $0.5.
Source · Based on the MD&A text of the filing
6-Month Operating Cash Flow and Available Liquidity
The company said net cash provided by operating activities fell $9.3 to $499.9 in the 6 months ended June 30, 2024, from $509.2 in the same period a year earlier. It said that as of June 30, it had $491.7 in cash and cash equivalents, and about $1,495.0 available through the Revolving Credit Facility and its commercial paper program.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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