Exhibit 99.1

edgewellexternallogoa01a18.jpg
Edgewell Personal Care Company
6 Research Drive
Shelton, Conn 06484
FOR IMMEDIATE RELEASE
Company Contact
 
Chris Gough
Vice President, Investor Relations
203-944-5706
Chris.Gough@Edgewell.com

Edgewell Personal Care Announces Fourth Quarter and Fiscal 2019 Results
and Provides Fiscal Year 2020 Financial Outlook

Shelton, Conn - November 12, 2019 - Edgewell Personal Care Company (NYSE: EPC) today announced results for its fourth fiscal quarter 2019 and full fiscal year ended September 30, 2019 and provided its financial outlook for fiscal 2020.

Executive Summary
Net sales were $528.0 million in the fourth quarter of fiscal 2019, a decrease of 1.7% when compared to the prior year quarter, and $2,141.0 million for the full year, a decrease of 4.2% compared to the prior year. Organic net sales were down 0.9% for the quarter and 3.4% for the full year. (Organic basis excludes the sales impact from the Jack Black acquisition, the sale of Playtex gloves assets, and the translational impact from currency movements.)
GAAP Diluted Earnings Per Share ("EPS") for the fourth quarter were $0.75, including the after-tax impact of $0.17 from Project Fuel, and were a loss of $6.52 for the full year fiscal 2019, including the after-tax impact of a non-cash impairment of goodwill and indefinite-lived intangible assets of $8.97 and an $0.80 after tax impact from Project Fuel expenses. Adjusted EPS were $0.86 for the fourth quarter and $3.48 for the full year.
Net cash from operating activities was $191 million, which allowed the Company to reduce its net debt leverage ratio to 2.8 times.
The Company continued to progress its portfolio transformation, announcing that it had reached a definitive agreement to sell the Infant and Pet Care business.
The Company continued to make substantial progress with integration planning related to the pending combination with Harry’s, which is expected to close in the first quarter of calendar year 2020.

The Company reports and forecasts results on a GAAP and Non-GAAP basis, and has reconciled Non-GAAP results and outlook to the most directly comparable GAAP measures later in this release. See Non-GAAP Financial Measures for a more detailed explanation, including definitions of various Non-GAAP terms used in this release. All comparisons used in this release are with the same period in the prior fiscal year unless otherwise stated.
"Fiscal 2019 was a transformative year for Edgewell, as we advanced our strategic and financial objectives, reshaped our portfolio, invested in our brands and new growth opportunities, and generated substantial cost savings," said Rod Little, Edgewell’s President and Chief Executive Officer. “Our operating and financial results reflect the actions we are taking to innovate, drive sustained growth and simplify the business. Despite the challenging competitive environment, we met the financial targets we set one year ago, and importantly in the second half of the fiscal year, we delivered year-over-year improvement in organic top-line performance across all of our key geographies and segments."

1

The following information was filed by Edgewell Personal Care Co (EPC) on Tuesday, November 12, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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