Church & Dwight Q1 Profit Beats Estimates - Quick Facts

(RTTNews) - Church & Dwight Co., Inc. (CHD) reported first-quarter net income of $107.2 million or $0.80 per share, compared to $102.6 million or $0.73 per share, prior year.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.79 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $812.3 million from $782.0 million last year. Analysts expected revenue of $809.78 million for the quarter. Organic sales growth for first quarter 2015 was 3.6%. Organic results were driven by volume growth of 3.2%, and 0.4% favorable product mix and pricing.

The company now expects organic sales growth of approximately 3% in 2015 (previously 2-3%) behind new product introductions on core business. The company expects to achieve 7-9% EPS growth in 2015.

For the second quarter, the company expects organic sales growth of approximately 3 to 4%. The company expects second quarter earnings per share to increase 8% to approximately $0.70, excluding the $0.05 pension termination charge.