Church & Dwight said it recorded a non-cash impairment charge of $357.1 million in Q3 for its VMS business, which includes VITAFUSION and L'IL CRITTERS, citing a decline in market share and deterioration in financial performance. The company cited new category entrants and private label competition as the main factors.

10-QQuarterly reportFiled Nov 1, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

Church & Dwight said it recorded a non-cash impairment charge of $357.1 million in Q3 for its VMS business, which includes VITAFUSION and L'IL CRITTERS, citing a decline in market share and deterioration in financial performance. The company cited new category entrants and private label competition as the main factors.
Church & Dwight said net sales for the quarter ended September 30, 2024 rose $1,510.6, or 3.8%, to $54.7. Gross profit for the same quarter was $683.1, and gross margin rose 80 basis points from a year earlier.
The company said it received cash refunds of $37.6 (pre-tax) over the 9 months to Q2 after a favorable U.S. government tariff ruling on certain products imported from China. The refunds reduced cost of goods sold by $3.2 over the 3 months and by $29.3 over the 9 months, and increased interest income by $4.6.
Church & Dwight said net cash provided by operating activities for the 9 months ended September 30, 2024 was $863.9, up $68.8 from $795.1 a year earlier. The company cited higher cash earnings, meaning net income adjusted for non-cash items, as the main reason.

Key figures

Quarter ended September 30, 2024

Revenue: $1.5B
Operating income: −$91M
Net income: −$75M
EPS: −$0.31
Gross profit: $683M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis 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.

VMS Business Impairment Charge of $357.1 million

Church & Dwight said it recorded a non-cash impairment charge of $357.1 million in Q3 for its VMS business, which includes VITAFUSION and L'IL CRITTERS, citing a decline in market share and deterioration in financial performance. The company cited new category entrants and private label competition as the main factors.

Source · Based on the MD&A text of the filing

Quarterly Net Sales Up $1,510.6 and Gross Margin Up 80 basis points

Church & Dwight said net sales for the quarter ended September 30, 2024 rose $1,510.6, or 3.8%, to $54.7. Gross profit for the same quarter was $683.1, and gross margin rose 80 basis points from a year earlier.

Source · Based on the MD&A text of the filing

Tariff refunds on certain China-made imports, $37.6

The company said it received cash refunds of $37.6 (pre-tax) over the 9 months to Q2 after a favorable U.S. government tariff ruling on certain products imported from China. The refunds reduced cost of goods sold by $3.2 over the 3 months and by $29.3 over the 9 months, and increased interest income by $4.6.

Source · Based on the MD&A text of the filing

Operating Cash Flow of $863.9 for 9 Months

Church & Dwight said net cash provided by operating activities for the 9 months ended September 30, 2024 was $863.9, up $68.8 from $795.1 a year earlier. The company cited higher cash earnings, meaning net income adjusted for non-cash items, as the main reason.

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

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