Consumer goods major Church & Dwight Co., Inc. (NYSE: CHD) reported Q4 and fiscal 2016 numbers that were happily received by the Street and investors alike. Key YoY takeaways ( I prefer YoY numbers versus QoQ numbers…the former usually has less “noise”) include:
- Reported sales growth: +2.9% (Organic: +3.2%);
- Reported Gross Margin: +100 bps, Adjusted Margin: + 120 bps;
- Reported EPS growth: 13.6%, Adjusted: +9.3%;
- Cash from Operations: +$655M; +8.1%
And for the “icing on the cake”, CHD announced that it is increasing its quarterly dividend by 7% to $0.19/share. Today’s dividend increase marks the company’s 21st consecutive year of dividend increases, and it has been paying a regular consecutive quarterly dividend for 116 years.
See below for my analysis on CHD and why I prefer the company over consumer products stalwart The Clorox Company (NYSE: CLX):
The Security Whisperer 