Church & Dwight Co., Inc.

NYSE:CHD   3:59:54 PM EDT
73.22
-2.04 (-2.71%)
4:33:24 PM EDT: $73.86 +0.64 (+0.87%)
Mergers / Acquisitions

Church & Dwight To Acquire Hero, Creator Of The Mighty Patch® Brand For $630 Million

Published: 09/06/2022 11:52 GMT
Church & Dwight Co., Inc. (CHD) - Church & Dwight to Acquire Hero, Creator of the Mighty Patch® Brand for $630 Million.
Church & Dwight Co Inc - Expect Full Year Reported Sales Growth of 2% to 4% (previously 4% to 5%).
Church & Dwight Co Inc - for Q3, We Now Expect Reported Sales to Decline -1%.
Church & Dwight Co Inc - Acquisition is Expected to Be Dilutive to Company's 2022 Eps.
Church & Dwight Co Inc - Now Expect 2022 Adjusted Earnings per Share (eps) to Be $2.97.
Church & Dwight Co Inc - Adjusted Earnings in 2022 and 2023 Will Exclude Impact of $0.03 and $0.11, Respectively.
Church & Dwight Co Inc - Looking Forward to 2023, Acquisition is Expected to Be 3% Accretive to Cash Earnings and Neutral to Adjusted 2023 Eps.
Church & Dwight Co Inc - in 2023, Hero's Annual Net Sales Are Projected to Grow Approximately 15% to $150 Million.