Church & Dwight Co. report strong Q2 earnings

PRINCETON, N.J. Church & Dwight Co. reported a net-income increase for the quarter ended June 26 to $58.2 million, compared with last year's $45.8 million.

Net sales for the second quarter rose approximately 5% to $623.1 million.

“We are very pleased with our solid second quarter results, particularly in this difficult economic environment. We were able to increase market share for six of our eight “power brands” in the quarter, achieve continued strong organic sales growth in our household product line and effect a turnaround to positive organic sales growth in our personal care product line. Our results also reflect exceptional gross and operating margin expansion. The improved gross margin reflects lower commodity costs, pricing, acquisition benefits relating to the businesses acquired from Coty and our continuing robust cost reduction programs,” said chairman and CEO James R. Craigie.