Pharma Investments, Ventures & Law Weekly
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Church & Dwight Co., Inc.
Church & Dwight Reports 2008 Earnings of $2.78 Per Share
February 22nd, 2009
Church & Dwight Co., Inc. (NYSE:CHD) announced that full-year 2008 sales increased 9.1% to $2,422.4 million from $2,220.9 million in 2007. Organic sales growth for 2008 was approximately 7%, which excludes the impact of foreign exchange, acquisitions and divestitures. Reported earnings increased 13% to $2.78 per share compared to $2.46 per share in the prior year. Earnings increased 16% to $2.86 per share, excluding the previously announced restructuring charges of $0.08 per share related to a plant closing in 2009. Cash flow from operating activities increased 35% to $336 million compared to $249 million in 2007, and free cash flow (defined as cash from operating activities less capital...
Source: Pharma Investments, Ventures & Law Weekly (2009-02-22)
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