NYSE$EPC

Edgewell Personal Care · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Edgewell's Q4 2022 results saw a slight decrease in net sales, while organic net sales increased slightly, and the company provided its financial outlook for fiscal year 2023.

Edgewell Personal Care announced its fourth quarter and fiscal year 2022 results, with net sales decreasing by 1.2% to $536.9 million. Organic net sales increased by 1.2% for the quarter. The company provided a fiscal 2023 outlook expecting growth in organic net sales, adjusted EPS and adjusted EBITDA on a constant currency basis.

  • Fourth quarter net sales were $536.9 million, a decrease of 1.2% compared to the prior year period.
  • Organic net sales increased 1.2% for the quarter.
  • GAAP Diluted Earnings Per Share were $0.64 for the fourth quarter.
  • Adjusted EPS were $0.79 for the fourth quarter.

Headline financials

Total Revenue

$537M

Previous: $543M-1.2%
EPS (adj)

$0.79

Previous: $1.01-21.8%
Gross Margin

40.8%

Previous: 45.1%-9.5%
Adjusted EBITDA

$94.7M

Previous: $102M-7.4%
Net Income

$33.7M

Previous: $44.1M-23.6%
Operating Income

$57.8M

Previous: $63.2M-8.5%
Gross Profit

$219M

Previous: $245M-10.6%
Cash & Equivalents

$189M

Previous: $479M-60.6%
Total Assets

$3.71B

Previous: $3.67B+1.0%
Stock-Based Comp

$5.4M

Previous: $7.7M-29.9%

Revenue & EPS history

Edgewell · Revenue · Quarterly

$537M

Q4 2022-1.2%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Edgewell · $459M total across 2 segments · Q4 2022

  • Wet Shave
    $325M-4.2%
  • Sun and Skin Care
    $134M+5.2%

Forward guidance

The Company is providing the following outlook assumptions for fiscal 2023: Reported net sales expected to increase in the range of flat to 2%, Organic net sales expected to increase in the range of 3% to 5%, GAAP EPS expected to be in the range of $1.90 to $2.10, Adjusted EPS expected to be in the range of $2.30 to $2.50, Adjusted EBITDA expected to be in the range of $320 to $335 million.

Tailwinds

  • Reported net sales expected to increase in the range of flat to 2%
  • Organic net sales expected to increase in the range of 3% to 5%
  • Gross margin is expected to increase approximately 30-basis points, with margin accretion expected in the second half of the fiscal year
  • The EPS outlook reflects the impact of estimated share repurchases
  • Adjusted EBITDA at constant currency expected to increase 8% at the mid-point of the range

Headwinds

  • Includes an estimated 360-basis point negative impact from currency translation
  • Adjusted EPS expected to be in the range of $2.30 to $2.50
  • Includes an estimated $33 million pre-tax profit, or $0.48 EPS unfavorable impact from foreign currency changes
  • Operating margin is expected to decline approximately 30-basis points
  • Adjusted EBITDA expected to be in the range of $320 to $335 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+0.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.8%

Avg return

30 days after

56%

38 / 68 earnings

Positive

+20.1%

Q1 2020

Best reaction

-17.0%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+2.2%-13.9%-13.1%
Q1 2026-4.6%+5.5%-4.0%
Q4 2025-2.7%-10.8%-8.0%
Q2 2025-10.2%-4.3%-9.9%
Q1 2025-9.5%-5.8%-2.5%
Q4 2024-0.5%-2.8%+1.1%
Q3 2024-0.2%-0.7%+5.8%
Q2 2024+4.4%+7.9%+3.4%
Q1 2024+5.6%+6.6%+2.8%
Q4 2023-2.5%+1.6%-0.7%
Q3 2023-2.8%-2.1%-2.1%
Q2 2023+1.9%+2.6%-2.0%
Q1 2023+4.7%+5.7%-3.8%
Q4 2022+0.9%+2.8%+3.5%
Q3 2022+2.6%+4.0%-3.9%
Q2 2022-11.8%-10.6%-8.8%
Q1 2022-11.0%-15.1%-17.0%
Q4 2021+13.9%+14.6%+17.2%
Q3 2021+8.0%+8.8%+0.6%
Q2 2021+9.1%+10.4%+13.2%
Q1 2021+0.6%-2.7%+1.5%
Q4 2020+9.2%+13.2%+12.1%
Q3 2020-7.8%-5.0%-1.0%
Q2 2020+11.1%+2.7%+22.6%
Q1 2020+20.1%+10.4%-2.1%
Q4 2019-11.4%-15.5%-13.2%
Q3 2019+7.5%+2.2%+2.8%
Q2 2019-17.0%-15.1%-22.8%
Q1 2019+6.6%+10.0%+9.1%
Q4 2018-9.6%-6.1%-11.6%
Q3 2018+2.8%+2.4%-1.3%
Q2 2018-1.4%+2.2%+5.1%
Q1 2018-4.5%-4.4%+0.8%
Q4 2017-6.5%-5.1%-2.8%
Q3 2017+2.5%+3.3%+2.2%
Q2 2017+5.4%+3.6%+3.5%
Q1 2017-1.4%-1.7%-2.4%
Q4 2016+8.2%+8.7%+1.7%
Q3 2016-5.4%-2.9%-5.9%
Q2 2016-3.7%
Q1 2016-0.2%
Q4 2015-3.0%
Q3 2015+0.4%
Q2 2015+0.9%
Q1 2015-1.6%
Q4 2014-0.0%
Q3 2014-0.3%
Q2 2014+3.6%
Q1 2014-0.6%
Q4 2013+1.4%
Q3 2013-2.5%
Q2 2013+3.8%
Q1 2013+2.8%
Q4 2012+0.0%
Q3 2012-13.5%
Q2 2012-2.2%
Q1 2012+2.3%
Q4 2011-1.7%
Q3 2011+1.0%
Q2 2011+0.5%
Q1 2010+0.3%
Q1 2011+0.1%
Q2 2010+1.5%
Q4 2008+1.5%
Q4 2010+1.5%
Q3 2009+4.3%
Q3 2010+4.3%
Q4 2009+4.3%

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