Church & Dwight Co., Inc. announced full-year 2024 net sales increased 4.1% to $6,107.1 million, surpassing its outlook of approximately 3.5% growth. Organic sales for the full year grew 4.6%, primarily driven by a 3.3% increase in volume, reflecting strong consumer demand across its portfolio.
The company reported full-year 2024 Adjusted EPS of $3.44, an 8.5% increase compared to 2023, exceeding its previous outlook of 8% growth. This performance was supported by reported gross margin expansion of 160 basis points and adjusted gross margin expansion of 110 basis points.
In a move to return capital to shareholders, the Board of Directors declared a 4% increase in the quarterly dividend, raising it from $0.28375 to $0.295 per share, equivalent to an annual dividend of $1.18 per share. For 2025, Church & Dwight expects reported sales growth of 2.5% to 3.5% and adjusted EPS growth of 7% to 8%.
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