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Edgewell Personal Care Co (EPC) SEC Filing 10-Q Quarterly Report for the period ending Friday, December 31, 2021

Edgewell Personal Care Co

CIK: 1096752 Ticker: EPC



                                                    Exhibit 99.1
edgewellexternallogoa01a18.jpg
Edgewell Personal Care Company
6 Research Drive
Shelton, Conn 06484
FOR IMMEDIATE RELEASECompany Contact
Chris Gough
Vice President, Investor Relations
203-944-5706
Chris.Gough@Edgewell.com

Edgewell Personal Care Announces First Quarter Fiscal 2022 Results

Net Sales Increase of 2.7%, or 2.5% Organic
Company Updates Previously Provided Outlook for Fiscal 2022 to Include the Billie Acquisition

Shelton, Conn - February 8, 2022 - Edgewell Personal Care Company (NYSE: EPC) today announced results for its first fiscal quarter 2022 ended December 31, 2021.

Executive Summary
Net sales were $463.3 million, an increase of 2.7% compared to the prior year quarter.
Organic net sales increased 2.5% compared to the prior year quarter. (Organic basis excludes the impact of the Billie acquisition and the negative translational impact from currency.)
GAAP Diluted Earnings Per Share ("EPS") were $0.20 for the first quarter compared to $0.32 in the prior year quarter.
Adjusted EPS were $0.42 for the first quarter, compared to $0.43 in the prior year quarter, inclusive of a $0.04 negative impact from the Billie acquisition.
The Company ended the first quarter with $240 million in cash on hand, access to an additional $221 million revolving credit facility and a net debt leverage ratio of 3.3x.
Returned $33 million to shareholders through share repurchases and dividends in the first quarter.
The Board of Directors declared a cash dividend of $0.15 per common share on February 4th, 2022 for the first quarter.

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.

“During the first quarter, we capitalized on the strength of the underlying demand for our products and delivered strong organic net sales growth in all three segments and across most major geographic regions. We also executed well on the bottom line, despite a progressively challenging macro environment, with significant cost pressures and increasingly volatile supply chain conditions,” said Rod Little, Edgewell’s President and Chief Executive Officer. “We remain focused on our strategic priorities that are critical to the ongoing transformation of our business. In the quarter, we continued the integration efforts of Billie and, and earlier this month, began supporting the exciting national rollout of the Billie brand in Walmart. We also returned $33 million to shareholders through share repurchases and a dividend as we remain committed to a disciplined and balanced approach to capital allocation to drive long term shareholder value.”



1

The following information was filed by Edgewell Personal Care Co (EPC) on Tuesday, February 8, 2022 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Edgewell Personal Care Co's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statement Of Changes In Shareholders' Equity Statement
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Earnings And Comprehensive Income
Condensed Consolidated Statements Of Earnings And Comprehensive Income (Parenthetical)
Accounts Receivable Facility
Accounts Receivable Facility (Narrative) (Details)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Schedule Of Accumulated Other Comprehensive Loss) (Details)
Accumulated Other Comprehensive Loss (Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Loss) (Details)
Accumulated Other Comprehensive Loss (Tables)
Background And Basis Of Presentation
Background And Basis Of Presentation (Details)
Business Combinations
Business Combinations (Details)
Business Combinations (Schedule Of Pro Forma Financial Information) (Details)
Business Combinations (Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed) (Details)
Business Combinations (Tables)
Debt
Debt (Details)
Debt (Tables)
Earnings Per Share
Earnings Per Share (Schedule Of Weighted-Average Shares Outstanding) (Details)
Earnings Per Share (Tables)
Equity
Equity (Details)
Financial Instruments And Risk Management
Financial Instruments And Risk Management (Narrative) (Details)
Financial Instruments And Risk Management (Schedule Of Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details)
Financial Instruments And Risk Management (Schedule Of Fair Values Of Derivative Instruments) (Details)
Financial Instruments And Risk Management (Schedule Of Gains And Losses On Derivative Instruments) (Details)
Financial Instruments And Risk Management (Schedule Of Offsetting Assets And Liabilities) (Details)
Financial Instruments And Risk Management (Tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Schedule Of Amortizable Intangible Assets) (Details)
Goodwill And Intangible Assets (Schedule Of Goodwill) (Details)
Goodwill And Intangible Assets (Tables)
Income Taxes
Income Taxes (Details)
Leases
Leases (Operating Lease Payment Schedule) (Details)
Leases (Summary Of Lease Information) (Details)
Leases (Tables)
Restructuring Charges
Restructuring Charges (Schedule Of Charges Related To Restructuring Activities) (Details)
Restructuring Charges (Schedule Of Restructuring Activities And Related Accruals) (Details)
Restructuring Charges (Tables)
Retirement Plans
Retirement Plans (Details)
Retirement Plans (Tables)
Segment Data
Segment Data (Schedule Of Segment Sales And Profitability) (Details)
Segment Data (Schedule Of Supplemental Product Information) (Details)
Segment Data (Tables)
Segment Data Segment Data (Schedule Of Sales By Geographical Area) (Details)
Supplemental Balance Sheet Information
Supplemental Balance Sheet Information (Details)
Supplemental Balance Sheet Information (Tables)
Ticker: EPC
CIK: 1096752
Form Type: 10-Q Quarterly Report
Accession Number: 0001096752-22-000008
Submitted to the SEC: Tue Feb 08 2022 12:03:20 PM EST
Accepted by the SEC: Tue Feb 08 2022
Period: Friday, December 31, 2021
Industry: Perfumes Cosmetics And Other Toilet Preparations

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