Edgewell Personal Care | 8-K: FY2026 Q3 Revenue: USD 570.1 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q3, the actual value is USD 570.1 M.
EPS: As of FY2026 Q3, the actual value is USD 0.29, beating the estimate of USD 0.2033.
EBIT: As of FY2026 Q3, the actual value is USD 18 M.
Third Quarter Fiscal 2026 Results (Ended June 30, 2026)
Overall Financial Performance
Edgewell Personal Care Company reported net sales of $570.1 million, an increase of 1.7% compared to the prior year quarter. Organic net sales increased by 1.1%. Gross profit was $242.5 million, down from $250.1 million in the prior year quarter. Gross margin was 42.5%, a decrease of 210 basis points, while adjusted gross margin decreased by 30 basis points to 44.5%. Operating income was $25.0 million, or 4.4% of net sales, compared to $45.0 million (8.0% of net sales) in the prior year quarter. Adjusted operating income was $53.0 million, or 9.3% of net sales, compared to $63.6 million (11.3% of net sales) in the prior year quarter. Adjusted EBITDA was $78.9 million, inclusive of a $2.1 million favorable currency impact, compared to $81.2 million in the prior year quarter. Selling, General and Administrative Expense (SG&A) was $108.3 million, or 19.0% of net sales, compared to $100.7 million (18.0% of net sales) in the prior year quarter. Adjusted SG&A was 18.4% of net sales, compared to 17.6% in the prior year quarter. Advertising and Sales Promotion Expense (A&P) was $83.2 million, or 14.6% of net sales, an increase of $7.2 million compared to $76.0 million (13.6% of net sales) in the prior year quarter. The company recorded pre-tax restructuring and related costs of $24.5 million in the quarter. Interest expense associated with debt was $16.7 million, down from $19.4 million in the prior year quarter. Other income, net was $9.7 million compared to $2.9 million in the prior year quarter, with adjusted other (income) expense, net being income of $9.7 million compared to income of $0.2 million in the prior year quarter.
Cash Flow and Capital Allocation
For the nine months ended June 30, 2026, net cash provided by operating activities was $47.1 million, compared to $44.3 million in the prior year period. Edgewell Personal Care Company ended the third quarter with $397.1 million in cash on hand. The company returned $7.0 million to shareholders in the form of dividends during the third quarter, declaring a cash dividend of $0.15 per common share for the third fiscal quarter of fiscal 2026. The adjusted net debt leverage ratio was 3.7x at the end of the quarter.
Segment Performance
- Wet Shave: Net sales decreased by $4.2 million, or -1.3%, to $312.8 million, with organic net sales decreasing by -1.9%. Segment profit decreased by $9.2 million, or -20.9%, to $34.9 million, and organic segment profit decreased by -24.7%.
- Sun and Skin Care: Net sales increased by $13.9 million, or 5.7%, to $257.3 million, with organic net sales increasing by 5.0%. Segment profit increased by $0.2 million, or 0.4%, to $46.2 million, while organic segment profit decreased by -1.6%.
Full Fiscal Year 2026 Financial Outlook
Edgewell Personal Care Company narrowed its full-year outlook for fiscal year 2026, anticipating reported net sales to increase approximately 1.3% to 1.8% and organic net sales to be flat to 0.5%. Adjusted free cash flow is projected to be approximately $80 million to $110 million. The company also expects an adjusted net debt leverage ratio of 3.3x to 3.4x at fiscal year-end.
