Edgewell Personal Care Co. (EPC) recently published its second quarter earnings, demonstrating an increase from the previous year and surpassing expectations held by experts in the industry.
During this quarter, the company's earnings reached $36 million or $0.72 per share, an escalation from the second quarter of the previous year where figures stood at $19.4 million or $0.37 per share.
Excluding certain items, Edgewell established adjusted earnings of $44 million or $0.88 per share for the period. Analysts predicted, on average, that the company would earn $0.72 per share, based on data gathered by Thomson Reuters. It is standard for these forecasts to exclude unusual items.
During this quarter, the company's revenue increased slightly by 0.2%, amounting to $599.4 million, a mild increment from last year's result of $598.4 million.
To recap, this quarter's earnings for Edgewell Personal Care Co., as per GAAP standards were as follows:
- Earnings (Q2): $36 million, up from the previous year's $19.4 million.
- EPS (Q2): $0.72, an increase from last year's $0.37.
- Revenue (Q2): $599.4 million, up slightly from the preceding year's $598.4 million.
Looking forward, the company predicts a full-year EPS guidance within the range of $2.80 to $3.00.
