Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 174

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 174
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    $
    889.8

    Percent of Net Sales
     
    15.2
    %
     
    0 basis points

    15.2
    %

    VMS Trade name and other asset impairments
    $
    357.1

    100.0%
     
    $
    0

    Percent of Net Sales
     
    5.8
    %
     
    580 basis points

    0.0
    %

    Income from Operations
    $
    807.1

    -23.7%
     
    $
    1,057.4

    Operating Margin
     
    13.3
    %
     
    -470 basis points

    18.0
    %

    Net income per share - Diluted
    $
    2.37

    -22.3%
     
    $
    3.05

Net Sales 

Net sales for the year ended December 31, 2024 were $6,107.1, an increase of $239.2, or 4.1% compared to 2023 net sales.  The components of the net sales increase are as follows: 

    Net Sales - Consolidated
    December 31, 2024

    Product volumes sold(1)
     
    3.3
    %

    Pricing/Product mix(2)
     
    1.3
    %

    Exit of product lines (net of acquisition)(3)
     
    (0.5
    %)

    Net Sales increase
     
    4.1
    %

(1)The volume change reflects increased product unit sales in all three segments.  

(2)Price/mix was favorable in all three segments.

(3)In the first quarter of 2024, we exited the MEGALAC supplement portion of the SPD Animal Nutrition business.  In the second quarter of 2024 we acquired substantially all of Graphico and sold the Passport food safety business.

Gross Profit

Our gross profit for 2024 was $2,790.1, a $201.6 increase compared to 2023.  Gross margin was 45.7% in 2024 compared to 44.1% in 2023, a 160 basis points (“bps”) increase.  The increase is due to the positive impact of productivity programs of 140 bps,