Church & Dwight Q2 Profit Declines - Quick Facts

(RTTNews) - Church & Dwight Co., Inc. (CHD) reported second-quarter net income of $73.7 million or $0.55 per share, compared to $88.8 million or $0.65 per share, prior year. Adjusted earnings for the latest second quarter were $0.73 per share.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.70 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 4.8% to $847.1 million from $808.3 million last year. Analysts expected revenue of $839.24 million for the quarter. Organic sales growth for first quarter 2015 was 5.1%. Organic results were driven by volume growth of 4.5%, and 0.6% favorable product mix and pricing.

The company continues to expect organic sales growth of approximately 3% in 2015 behind new product introductions on core business. The company still expects to achieve 7-9% adjusted EPS growth in 2015.

For the third quarter, the company expects organic sales growth of approximately 2%. The company expects third quarter earnings per share to be in the range of $0.87 to $0.88. Analysts currently expect third quarter earnings per share of $0.91.