Church & Dwight Co., Inc
ANNUAL REPORT CHURCH & DWIGHT CO., INC. — 2020 IN MILLIONS, EXCEPT PER SHARE DATA 2020 2019 reportedadjusted* reported adjusted* Net Sales $ 4,896 $ 4,896 $ 4,358 $ 4,358 Gross Profit Margin 45.2 % 45.2 % 45.5 % 45.5 % Income from Operations $ 1,030 $ 933 $ 840 $ 851 Operating Profit Margin 21.0 % 19.0 % 19.3 % 19.5 % Net Income $ 786 $ 713 $ 616 $ 624 Net Income Per Share—Diluted $ 3.12 $ 2.83 $ 2.44 $ 2.47 Dividends Per Share $ 0.96 $ 0.96 $ 0.91 $ 0.91 Year-end Stock Price $ 87.23 $ 87.23 $ 70.35 $ 70.35 On January 29, 2021, the Company declared a 5.2% increase in its quarterly dividend from $0.24 per share to $0.2525 per share. 2020 Key Financial Results – Worldwide net sales increased 12.3%. – Organic sales increased 9.6%. – Gross profit margin decreased 30 basis points to 45.2%. – Adjusted operating profit margin decreased 50 basis points to 19.0%. – Net cash from operations increased to a record level of $990.3 million. – Adjusted earnings per share increased 14.6%. NET SALES ADJUSTED EARNINGS PER SHARE (in millions of dollars) (in dollars) 2018 $4,146 2018 $2.27 2019 $4,358 2019 $2.47(1) 2020 $4,8962020 $2.83(2) For additional information, see Management’s Discussion and Analysis of Financial Condition and Results of Operations included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. * This annual report includes non-GAAP financial measures, including adjusted income from operations, adjusted operating profit margin, adjusted net income, adjusted EPS, organic sales, and free cash flow, which differ from reported results using Generally Accepted Accounting Principles (GAAP).
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