Company: CHD
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019801
Chunk: 173

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 173
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 of an issue with a taxing authority would be recognized as a reduction to our annual effective tax rate.  

New Accounting Pronouncements 

Refer to Note 1 to the Consolidated Financial Statements included in this Annual Report for recently adopted accounting pronouncements and recently issued accounting pronouncements not yet adopted as of December 31, 2024.

42

CHURCH & DWIGHT CO., INC AND SUBSIDIARIES(Dollars in millions, except share and per share data) 

RESULTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022 

The discussion of consolidated results of operations presented below is followed by a more detailed discussion of results of operations by segment.  This section of this Form 10-K generally discusses 2024 and 2023 results and year-to-year comparisons between 2024 and 2023.  Discussions of 2022 items and year-to-year comparisons between 2023 and 2022 that are not included in this Form 10-K can be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2023. The segment discussion also addresses certain product line information.  Our operating segments are consistent with our reportable segments.  

Consolidated results 

2024 compared to 2023

    Twelve Months Ended

    Change vs.
     
    Twelve Months Ended

    December 31, 2024

    Prior Year
     
    December 31, 2023

    Net Sales
    $
    6,107.1

    4.1%
     
    $
    5,867.9

    Gross Profit
    $
    2,790.1

    7.8%
     
    $
    2,588.5

    Gross Margin
     
    45.7
    %
     
    160 basis points

    44.1
    %

    Marketing Expenses
    $
    698.1

    8.9%
     
    $
    641.3

    Percent of Net Sales
     
    11.4
    %
     
    50 basis points

    10.9
    %

    Selling, General & Administrative Expenses
    $
    927.8

    4.3%