Church & Dwight reports $212.2 million net income for Q3 2026

Cover page 2 changes

3 unchanged paragraphs

For the quarter ende d June September 30, 2026

23 unchanged paragraphs

As of July 29, October 28, 2026, there were 237,203,907 236,032,052 shares of Common Stock outstanding.

Financial statements 17 changes

18 unchanged paragraphs

Other comprehensive income

Other comprehensive (loss) income

6 unchanged paragraphs

Accounts receivable, less allowances of $ 2.6 3.6 and $ 3.7

6 unchanged paragraphs

Short-term borrowings

Current portion of long-term debt

9 unchanged paragraphs

Common Stock, $ 1.00 par value, Authorized 600,000,000 shares and 293,709,982 293,967,304 shares issued as of June September 30, 2026 and 293,709,982 shares issued as of December 31, 2025

2 unchanged paragraphs

Common stock in treasury, at cost: 56,573,080 56,734,734 shares as of June September 30, 2026 and 57,156,105 shares as of December 31, 2025 ( 3,648.6 3,677.9 ( 3,664.9

23 unchanged paragraphs

Payment of business acquisition liabilities

5 unchanged paragraphs

Short-term debt borrowings (repayments)

3 unchanged paragraphs

Effect of exchange rate changes on cash and cash equivalents ( 2.2 2.7

15 unchanged paragraphs

Stock based compensation expense and

stock option plan transactions

Stock based compensation expense and

stock option plan transactions

See Notes to Condensed Consolidated Financial Statements (Unaudited).

CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY

8 unchanged paragraphs

Note 1: Basis of Presentation 1 change

2 unchanged paragraphs

The Company incurred research and development expenses in the second third quarter of 2026 and 2025 of $ 33.9 36.4 and $ 35.8 36.2 , respectively. The Company incurred research and development expenses in the first six nine months of 2026 and 2025 of $ 65.5 101.9 and $ 68.6 104.8 , respectively. These expenses are included in selling, general and administrative ( SG&A ) expenses.

Note 6: Stock Based Compensation Plans 6 changes

3 unchanged paragraphs

Outstanding at June September 30, 2026

Exercisable at June September 30, 2026

13 unchanged paragraphs

Outstanding at June September 30, 2026

In connection with the Touchland acquisition, Touchland s founder was granted rights to receive shares of our common stock valued at $ 50.0 , with 50 % of such shares vesting at each of the first and second year anniversaries of the closing, including 257,322 shares which vested in Q3 2026. The value of common stock received by Touchland's founder will be is recognized as a compensation expense ratably over the two-year vesting period if the individual continues c ontinues to be employed by the Company. The restricted stock expense associated with the Touchland acquisition for the three and six nine months ended June September 30, 2026 was $ 6.3 and $ 12.6 18.9 , respectively, , and was $ 5.2 f or the three and nine months ended September 30, 2025. The expense is included in Selling, general and administrative expenses in the Condensed Consolidated Statement of Income and in the non-cash compensation expense caption in the Condensed Consolidated Statement of Cash Flows. Refer to Note 10-Acquisitions for additional details.

5 unchanged paragraphs

Outstanding at June September 30, 2026

1 unchanged paragraph

The Company s Employee Stock Purchase Plan ( ESPP ) was adopted by the Board in February 2023 and became effective in April 2023 upon approval by the Company s stockholders, and was most recently amended and restated effective April 4, 2026. There are A total of 750,000 shares of Common Stock have been reserved for issuance under the ESPP. The ESPP, which is intended to be an employee stock purchase plan under Section 423 of the Internal Revenue Code, permits eligible employees to purchase Common Stock through after-tax payroll deductions. Currently, the purchase price under the ESPP is 85 % of the fair market value of our Common Stock on the last trading day of the applicable quarterly purchase period. The maximum value of Common Stock that an eligible employee may purchase each calendar year is the lesser of 10% of an eligible employee s annual pay and $ 25,000 . There are four purchase periods in each calendar year under the ESPP, which begin on the first business day of each calenda r quarter and end on the last business day of each calendar quarter. The first purchase period commenced in January 2025. There are 706,549 686,006 shares of Comm on Stock remaining as of June September 30, 2026 that are reserved for issuance under the ESPP. As of December 31, 2025, t here were 660,582 shares of Common Stock reserved for issuance under the ESPP.

Note 7: Share Repurchases 5 changes

As of June 30, 2026, there remains $ 228.9 o f share repurchase availability under the 2021 Share Repurchase Program.

On October 28, 2021, the Board authorized th e Company s share repurchase program, under which the Company may repurchase up to $ 1,000.0 in shares of Common Stock (the 2021 Share Repurchase Program ). The 2021 Share Repurchase Program does not have an expiration and replaced the 2017 Share Repurchase Program. As of September 30, 2026, there remained $ 228.9 of share repurchase availability under the 2021 Share Repurchase Program.

On October 27, 2026, the Company's Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to $ 1,000.0 of its common stock (the "2026 Share Repurchase Program"). The 2026 Share Repurchase Program has no expiration date and replaces the Company's 2021 Share Repurchase Program.

The 2021 and 2026 Share Repurchase Program Programs did not modify the Company s evergreen share repurchase program, authorized by the Board on January 29, 2014, under which the Company may repurchase, from time to time, Common Stock to reduce or eliminate dilution associated with issuances of Common Stock under its incentive plans.

Du ring the third quarter of 2026, the Company executed open market purchases of 0.4 million shares for $ 37.1 , inclusive of fees, of which all 0.4 million shares were purchased under the evergreen program. The shares were purchased at an average share price of $ 94.91 and the Company used cash on hand to fund the open market purchases. In October 2026, the Company executed open market purchases of 1.4 million shares for $ 130.2 , inclusive of fees, of which all 1.4 million shares were purchased under the evergreen program. These shares were purchased at an average share price of $ 94.41 and the Company used cash on hand to fund the open market purchases.

Note 8: Fair Value Measurements 4 changes

The following table presents the carrying amounts and estimated fair values of the Company s other financial instruments at June September 30, 2026 and December 31, 2025:

1 unchanged paragraph

Short-term borrowings

5 unchanged paragraphs

The Company recognizes transfers between input levels as of the actual date of the event. There were no transfers between input levels during the six nine months ended June September 30, 2026 and 2025.

1 unchanged paragraph

The carrying amounts of Accounts Receivable, Accounts Payable, and Accrued Expenses and Other Liabilities, approximated estimated fair values as of June September 30, 2026 and December 31, 2025 .

Note 9: Derivative Instruments and Risk Management 1 change

10 unchanged paragraphs

The fair values and amount of gain (loss) recognized in income and Other Comprehensive Income associated with the derivative instruments disclosed above did not have a material impact on the Company s condensed consolidated financial statements during th e three and six nine months ended June September 30, 2026.

Note 10: Acquisitions 3 changes

On May 28, 2026, the Company completed the acquisition of the Miss Mouth's Messy Eater brand ( Miss Mouth's ). The Company paid $ 300.0 cash at closing and deferred payment of $ 25.0 of the purchase price with $ 15.0 10.0 paid in the third quarter of 2026 and an additional $ 5.0 expected to be paid later in the fourth quarter of 2026 related to required post-closing activities of the seller. The remaining amount relates to certain indemnity obligations with $ 4.0 payable in the second quarter of 2029, and $ 6.0 payable in the second quarter of 2031. The Miss Mouth's acquisition was financed with cash on hand and commercial paper borrowings and is managed in the Consumer Domestic segment. Miss Mouth's annual net sales for the year ended December 31, 2025 were wer e approximatel y $ 80.0 .

7 unchanged paragraphs

On July 16, 2025, the Company completed the acquisition of Touchland Holding Corp ("Touchland"), the developer of TOUCHLAND hand sanitizer products. The Company paid $ 656.0 , net of cash acquired, at closing and entered into an agreement to pay an additional amount based on 2025 net sales thresholds which resulted in a cash payment of $ 158.7 in April 2026. In addition, the Company granted rights to Touchland s founder to receive shares of our Common Stock valued at $ 50.0 , with 50 % of such shares vesting at each of the first- and -second-year anniversaries of the closing. The value of Common Stock received by Touchland's founder will be is recognized as compensation expense ratably over the two-year vesting period if the individual continues to be employed by the Company. A payment of $ 5.0 of the purchase price was deferred related to certain indemnification obligations provided by Touchland s equity holders, which amount, to the extent not used in satisfaction of such indemnity obligations, is payable three years from the closing. The Touchland acquisition was financed with cash on hand and is managed in the Consumer Domestic and Consumer International segments. Touchland s annual net sales for the year ended December 31, 2024 were approximately $ 115.0 million. . The Company finalized the fair value of net assets acquired in the third quarter of 2026. Adjustments from preliminary fair values recorded were a reduction to acquired inventory and an increase to acquired other liabilities including estimates of pre-acquisition contingencies.

The preliminary fair values of the net assets as of the acquisition date are set forth as follows:

10 unchanged paragraphs

Note 11: Divestitures and Business Exits 6 changes

1 unchanged paragraph

On May 1, 2025, the Company announced that it would exit the Spinbrush business which resulted in a pre-tax loss of $ 21.2 , of which $ 12.6 was recorded in Cost of Sales and $ 8.6 was recorded in SG&A expenses. In December 2025, the Company entered into an agreement to transfer all Spinbrush intellectual property to a third party for nominal consideration. We The Company exited this business by the end of 2025. Net sales of the Spinbrush business were $ 53.6 in the year ended December 31, 2025.

1 unchanged paragraph

On May 1, 2025, the Company announced that it would exit the Flawless business which resulted in a pre-tax loss of $ 17.6 , of which $ 6.0 was recorded in Cost of Sales and $ 11.6 was recorded in SG&A expenses. We The Company exited this business by the end of 2025. Net sales of the Flawless business were $ 29.3 in the year ended December 31, 2025.

1 unchanged paragraph

On May 1, 2025, the Company announced that it would exit the Waterpik showerheads business which resulted in a pre-tax loss of $ 6.5 recorded in Cost of Sales. We The Company exited this business by the end of 2025. Net sales of the Waterpik showerheads business were $ 35.5 in the year ended December 31, 2025.

On December 9, 2025, the Company announced a definitive agreement to sell the VitaFusion and L il Critters ( VMS ) brands to Piping Rock Health Products, Inc. ("Piping Rock"). The agreement included the VitaFusion and L il Critters brands, relevant trademarks and licenses, and the Company's former manufacturing and distribution facilities in Vancouver and Ridgefield, Washington. The transaction closed on December 31, 2025 and included a short-duration transition services agreement ("TSA"). The Company has a TSA-related receivable of $ 0.4 as of June 30, 2026, primarily for invoices paid on behalf of Piping Rock, net of cash collected from customers.

Company has a TSA-related receivable of $ 1.8 as of September 30, 2026, prim arily for invoices paid on behalf of Piping Rock, net of cash collected from customers.

In connection with the agreement, the Company derecognized removed from the Consolidated Balance Sheet PP&E of $ 142.9 , inventory of $ 54.0 , goodwill of $ 12.6 and other net assets, including leases, of $ 9.3 for and received net cash proceeds of $ 160.3 . The VMS brands represented less than 5 % of the Company s 2025 net sales. As a result of this transaction, the Company incurred a pre-tax charge of $ 58.5 (post-tax of $ 45.6 ) in the fourth quarter of 2025 which was included in Other income (expense), net in the Consolidated Statements of Income. The VMS brands represented less than 5 % of the Company s 2025 net sales.

1 unchanged paragraph

Note 12: Goodwill and Other Intangibles, Net 4 changes

14 unchanged paragraphs

Intangible amortization e xpense expense was $ 33.8 and 37.3 a nd $ 24.9 32.7 for the second third quarter of 2026 and 2025, re spectively. Intangible amortization expense amounted to $ 67.6 104.9 and $ 54.2 86.9 for the first six nine months of 2026 and 2025, respectively. The Company estimates that intangible amortization expense will be approximatel y $ 142.0 in 2026 and approximately $ 149.0 declining to $ 135.0 annua lly over the next five years.

4 unchanged paragraphs

Balance at June September 30, 2026

The Company tests goodwill for each reporting unit, which are also the Company's reportable segments. The result of the Company s annual goodwill impairment test, performed in the beginning of the second quarter of 2026, dete rmined determined that the estimated fair value substantially exceeded the carrying values of all reporting units. The determination of fair value contains numerous variables that are subject to change as business conditions change and therefore could impact fair value in the future.

The Company finalized the fair value of net assets acquired for the Touchland acquisition in the third quarter of 2026. Adjustments from preliminary fair values recorded were a reduction to acquired inventory and an increase to acquired other liabilities including estimates of pre-acquisition contingencies with a corresponding adjustment to goodwill.

Other information 15 changes

2 unchanged paragraphs

(1) Lease expense is included in Cost of sales or SG&A expenses based on the nature of the leased item. Short-term lease expense is excluded from this amount and is not material. The Company also has certain variable leases which are not material. The non-cash component of lease expense for the first six nine months of 2026 and 2025 was $ 13.0 19.6 a nd $ 16.3 24.3 , respectively, and is included in the Amortization caption in the Condensed Consolidated Statement of Cash Flows.

10 unchanged paragraphs

15. Short-Term Borrowings and Long-Term Debt

Short-term borrowings

Commercial paper issuances

Total short-term borrowings

In 2015 and 2026, the Company initiated a Supply Chain Finance program programs ( SCF Program Programs ). Under the SCF Program, Programs, qualifying suppliers may elect to sell their receivables from the Company for early payment. Participating suppliers negotiate their receivables sales arrangements directly with a third party. The Company is not a party to those agreements and does not have an economic interest in the suppliers' decisions to sell their receivables and has not been required to pledge any assets as security nor to provide any guarantee to third-party finance providers or intermediaries . The SCF Program Programs may allow suppliers to obtain more favorable terms than they could secure on their own. The terms of the Company's payment obligations are not impacted by a supplier s participation in the SCF Program. Programs. The Company's payment terms with suppliers are consistent between suppliers that elect to participate in the SCF Program Programs and those that do not participate. As a result, the SCF Program Programs does not have an impact to the Company's average days outstanding .

As of June September 30, 2026 a nd and December 31, 2025, the obligations outstanding related to the SCF Program Programs amounted to $ 111.9 143.6 and $ 84.7 , respectively, and were recorded within Accounts Payable in the Condensed Consolidated Balance Sheets. Payments included in operating activities within the Company's Condensed Consolidated Statements of Cash Flows amounted to $ 216.6 362.4 and $ 215.6 as of June 298.9 for the nine months ended September 30, 2026 and 2025, respectively.

Short-term borrowings and Long-term debt consists of the following:

7 unchanged paragraphs

Less: Current maturities

7 unchanged paragraphs

Balance at June September 30, 2025

5 unchanged paragraphs

Balance at June September 30, 2026

1 unchanged paragraph

(b) The Company reclassified a loss gain of $ 0.5 0.9 and a gain of $ 1.4 0.7 to the condensed consolidated statements of income during the three months ended June September 30, 2026 and 2025, respectively.

2 unchanged paragraphs

As of June September 30, 2026, the Company had commitments of approximat ely approximately $ 369.5 336.9 . These commitments include the purchase of raw materials, packaging supplies and services from its vendors at market prices to enable the Company to respond quickly to changes in customer orders or requirements, as well as costs associated with licensing and promotion agreements.

As of June September 30, 2026, the Company had various guarantees and letters of credit totaling $ 9.0 11.2 .

4 unchanged paragraphs

In connection with the May 28, 2026 Miss Mouth's acquisition, the Company deferred payment of $ 25.0 of the purchase price with $ 15.0 10.0 paid in the third quarter of 2026, and an additional $ 5.0 expected to be paid later in the fourth quarter of 2026 related to required post-closing activities of the Seller. The remaining amount relates to certain indemnity obligations with, $ 4.0 payable in the second quarter of 2029, and $ 6.0 payable in the second quarter of 2031.

Legal proceedings 19 changes

7 unchanged paragraphs

The Company also has equity in earnings of affiliates which is not reflected in a reportable segment. As of June September 30, 2026 , the Company held a 50 % ownership interest in Armand Products Company ( Armand ). The Company s equity in earnings of Armand totaled $ 2.7 and $ 2.8 2.2 for the three months ended June September 30, 2026 and 2025 and $ 5.0 7.7 and $ 4.4 6.6 for the six nine months ended June September 30, 2026 and 2025, respectively.

Our reportable segments comprise the structure used by our Chief Executive Officer, who has been determined to be the Chief Operating Decision Maker ( CODM ) to make key operating decisions and assess performance. The CODM considers Operating Income for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment. Asset information and capital expenditures are not regularly provided to the CODM.

Income for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment. Asset information and capital expenditures are not regularly provided to the CODM.

The following tables present financial information relating to the Company s segments for the three months ended and six nine months ended June September 30, 2026 and 2025. In 2025, we exited the VMS, Flawless, Spinbrush and Waterpik showerhead businesses.

Three Months Ended June September 30, 2026

5 unchanged paragraphs

Three Months Ended June September 30, 2025

3 unchanged paragraphs

Selling, general and administrative expenses (4)

1 unchanged paragraph

Six Months Ended June 30, 2026

Nine Months Ended September 30, 2026

5 unchanged paragraphs

Six Months Ended June 30, 2025

Nine Months Ended September 30, 2025

7 unchanged paragraphs

(3) In the second quarter and first six nine months of 2025, the results include $30.4 $ 30.4 of non-cash charges related to impairments of fixed assets, as well as inventory reserves primarily recorded in Consumer Domestic as a result of announcing that we were exiting the Flawless, Spinbrush and Waterpik showerhead businesses.

(4) In the second quarter and first six nine months of 2025, 2 025, the results include $20.6 $ 20.6 of non-cash charges related to impairments of intangible assets, primarily recorded in Consumer Domestic as a result of announcing that we were exiting the Flawless, Spinbrush and Waterpik showerhead businesses. .

Other segment expenses for the three months ended and six nine months ended June September 30, 2026 and 2025 include the following:

2 unchanged paragraphs

First Six Nine Months of 2026

First Six Nine Months of 2025

6 unchanged paragraphs

19. Subsequent Events

Share Repurchase Authorization

On October 27, 2026, the Company's Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to $ 1,000.0 of its common stock (the "2026 Share Repurchase Program"). The 2026 Share Repurchase Program has no expiration date and replaces the Company's 2021 Share Repurchase Program.

2 unchanged paragraphs

MD&A 53 changes

7 unchanged paragraphs

The ongoing geopolitical conflict in the Middle East has disrupted global shipping routes, including the Strait of Hormuz and surrounding waterways, resulting in incremental inflationary pressure on certain commodities and transportation costs, as well as increased volatility in logistics and supply chain planning. While the situation remains fluid and unpredictable, we have implemented mitigation measures, including supplier diversification, alternative routing and incremental productivity programs. Based on current conditions, we believe we can mitigate a significant portion of these transitory impacts in 2026 .

U.S. International Emergency Economic Powers Act Tariffs

On February 20, 2026, the U.S. Supreme Court ruled that the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were unlawful but did not establish a process for issuing refunds. U.S. Customs and Border Protection ( CBP ) launched its program to administer phase I and phase II refund requests in April 2026 and June 2026, respectively. A process to administer refund requests for phase III has not been was established in October 2026. We have paid approximately $23.0 in IEEPA tariffs and have not yet recognized any recovery in our consolidated financial statements as of June 30, 2026. However, we are entitled to which approximately $15.0 $17.1 in phase II refunds that we expect to receive have been received in the second half third quarter of 2026 with and are reported as a reduction in cost of sales in the remaining amount being phase III. Company's Consolidated Statement of Income. The Company will intends to invest these refund proceeds in consumer-facing activities and to offset inflationary pressures.

1 unchanged paragraph

On May 28, 2026, we completed the acquisition of the Miss Mouth's Messy Eater brand ("Miss Mouth's"). We paid $300.0 cash at closing and deferred payment of $25.0 of the purchase price with $15.0 $10.0 paid in the third quarter of 2026, and an additional $5.0 expected to be paid later in the fourth quarter of 2026 related to required post-closing activities of the seller. The remaining amount relates to certain indemnity obligations with $4.0 payable in the second quarter of 2029, and $6.0 payable in the second quarter of 2031. The Miss Mouth's acquisition was financed with cash on hand and commercial paper borrowings and is managed in the Consumer Domestic segment. Miss Mouth's annual net sales for the year ended December 31, 2025 were approximately $80.0.

Share Repurchase Authorization

On October 27, 2026, the Company's Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to $1,000.0 of its common stock (the "2026 Share Repurchase Program"). The 2026 Share Repurchase Program has no expiration date and replaces the Company's 2021 Share Repurchase Program.

7 unchanged paragraphs

Non-operating Income (Expense)

5 unchanged paragraphs

Non-operating Income (Expense)

1 unchanged paragraph

Net sales for the quarter ended June September 30, 2026 were $1,530.0, $1,602.1, an increase of $23.7 $16.5 or 1.6% 1.0% as compared to the same period in 2025. Net sales for the six nine months ended June September 30, 2026 were $2,999.3, $4,601.4, an increase of $25.9 $42.4 or 0.9% over the comparable six nine month period of 2025. The components of the net sales increase are as follows:

5 unchanged paragraphs

(1) For the three and six nine months ended June September 30, 2026, the volume change reflects increased product unit sales in all three segments.

(2) For the three and six nine months ended June September 30, 2026, price/mix was favorable in all three the Consumer Domestic and SPD segments, partially offset by the Consumer International segment.

3 unchanged paragraphs

Our gross profit was $693.9 $749.4 for the three months ended June September 30, 2026, a $46.9 $35.0 increase as compared to the same period in 2025. Gross margin increased 240 170 basis points ( bps ) in the second third quarter of 2026 compared to the same period in 2025. Excluding one-time costs associated with exiting The Flawless, Spinbrush, and Waterpik showerheads businesses in the prior year, gross margin increased 40 bps which includes favorable volume and mix of 180 bps, increase is due to the impact of productivity programs of 150 bps, favorable volume and mix of 50 bps, the mix benefits of acquisitions combined with the favorable impact of business exits of 110 160 bps, partially offset by the impact of higher manufacturing and logistics transportation costs of 400 180 bps (including labor commodities, tariffs and transportation commodities costs, partially offset by tariff refunds) and unfavorable foreign exchange of 10 bps.

Gross profit was $1,375.3 $2,124.7 for the six nine months ended June September 30, 2026, a $68.7 $103.7 increase compared to the same period in 2025. Gross margin increased 200 190 bps in the first six nine months of 2026 compared to the same period in 2025. Excluding one-time costs associated with exiting the Flawless, Spinbrush, and Waterpik showerheads businesses in the prior year, gross margin increased 100 120 bps which includes the impact of productivity programs of 160 150 bps, favorable volume and mix of 120 100 bps, benefits of the Touchland acquisition acquisitions combined with the favorable operational impact of business exits of 110 130 bps, partially offset by the impact of higher manufacturing and logistics transportation costs of 290 260 bps (including labor commodities, tariffs and transportation commodities costs, partially offset by tariff refunds).

Marketing expenses for the three months ended June September 30, 2026 were $165.3, an increase $190.7, a decrease of $8.2 $12.2 or 5.2% 6.0% as compared to the same period in 2025. Marketing expenses as a percentage of net sales in the second third quarter of 2026 increased decreased by 40 90 bps to 10.8% 11.9% compared to 10.4% 12.8% in the same period in 2025 due to 60 80 bps on higher lower expense from increased investment in our brands and new products, supporting our innovation initiatives and organic growth, offset by 20 10 bps of leverage on higher net sales. Marketing expenses for the six nine months ended June September 30, 2026 were $304.7, an increase $495.4, a decrease of $11.0 $1.2 or 3.7% 0.2% as compared to the same period in 2025. Marketing expenses as a percentage of net sales for the first six nine months of 2026 increased decreased by 30 10 bps to 10.2% 10.8% as compared to 9.9% 10.9% in the same period in 2025 due to 40 bps on higher expense from increased investment in our brands and new products, supporting our innovation initiatives and organic growth, offset by 10 bps of leverage on higher net sales.

SG&A expenses were $252.2 $267.3 in the second third quarter of 2026, an increase of $24.0 $10.4 or 10.5% 4.0% as compared to the same period in 2025. SG&A as a percentage of net sales increased 140 50 bps to 16.5% 16.7% in the second third quarter of 2026 as compared to 15.1% 16.2% in the same period in 2025. The increase reflects 160 70 bps of acquisition-related higher expenses from the Touchland and Miss Mouth's acquisitions and acquisition, focused investments in new growth initiatives as well as e-commerce and our international business and higher incentive compensation, offset by 20 bps of leverage associated with higher sales. SG&A expenses for the first six nine months of 2026 were $503.2, $770.5, an increase of $47.3 $57.7 or 10.4% 8.1% as compared to the same period in 2025. SG&A as a percentage of net sales increased 150 110 bps to 16.8% 16.7% in the first six nine months of 2026 compared to 15.3% 15.6% in 2025. The increase reflects 160 130 bps of acquisition-related expenses higher intangible asset amortization from the Touchland and Miss Mouth's acquisitions, and focused investments in new growth initiatives as well as e-commerce, technology and our international business and higher incentive compensation, offset by 10 20 bps of leverage associated with higher sales.

1 unchanged paragraph

Operating margin increased 60 210 basis points to 18.1% 18.2% for the three months ended June September 30, 2026, as compared to 17.5% 16.1% in the same period in 2025. Operating margin increased 20 90 basis points to 18.9% 18.7% for the six nine months ended June September 30, 2026, as compared to 18.7% 17.8% in the same period in 2025.

1 unchanged paragraph

Interest income for the three and six nine months ended June September 30, 2026 decreased $7.8 $0.2 and $14.6 $14.8 to $1.4 $2.7 and $3.9 $6.6 as compared to the same period in 2025 due to lower investment income from lower average cash balances.

Interest expense for the three and six nine months ended June September 30, 2026 increased $0.7 $0.3 and $1.4 $1.7 to $24.2 $24.1 and $48.2 $72.3 respectively, as compared to the same period in 2025.

Other income (expense) was nominal for the three and six nine months ended June September 30, 2026 and 2025.

The effective tax rate for the three months ended June September 30, 2026 was 20.8%, 22.0%, compared to 23.8% 22.9% in the same period in 2025. The effective tax rate for the six nine months ended June September 30, 2026 was 20.7%, 21.1%, compared to 22.8% in the same period in 2025. The decrease for both the three and six nine month periods was primarily due to our continued tax planning initiatives.

The Company's U.S. federal income tax return for 2024 is currently under examination by the Internal Revenue Service.

We reported diluted net earnings per share for the three months ended June September 30, 2026 of $0.85, $0.89, an increase of approximately 9.0% 18.7% from diluted net earnings per share of $0.78 $0.75 for the three months ended June September 30, 2025. We reported diluted net earnings per share for the six nine months ended June September 30, 2026 of $1.76, $2.65, an increase of approximately 6.0% 10.0% from diluted net earnings per share of $1.66 $2.41 for the six nine months ended June September 30, 2025. Diluted net earnings per share for three and six nine months ended June September 30, 2025 include charges related to exiting the Flawless, Spinbrush and Waterpik showerhead businesses.

4 unchanged paragraphs

Segment net sales and income from operations for the three and six nine months ended June September 30, 2026 and June September 30, 2025 are as follows. In 2025, we exited the VMS, Flawless, Spinbrush and Waterpik showerhead businesses.

First Six Nine Months of 2026

First Six Nine Months of 2025

1 unchanged paragraph

First Six Nine Months of 2026

First Six Nine Months of 2025

6 unchanged paragraphs

Consumer Domestic net sales in the second third quarter of 2026 were $1,155.8, $1,225.1, an increase of $1.7 $5.4 or 0.1% 0.4% as compared to the same period in 2025. Consumer Domestic net sales for the six nine months ended June September 30, 2026 were $2,273.5, $3,498.6, a decrease of $10.4 $5.0 or 0.5% 0.1% as compared to the same period in 2025. The components of the net sales change were as follows:

6 unchanged paragraphs

Net sales excluding business exits and the acquisitions acquisition of Touchland and Miss Mouth's increased for the three months ended June September 30, 2026, reflecting growth from ARM & HAMMER Liquid Laundry Detergent, THERABREATH mouth wash and toothpaste, HERO acne treatment products, ARM & HAMMER Cat Litter, and ZICAM cold shortening and relief products . WATERPIK water flossers. Net sales excluding business exits and the acquisitions of Touchland and Miss Mouth's, increased for the six nine months ended June September 30, 2026, reflecting growth from THERABREATH mouth wash and toothpaste, ARM & HAMMER Cat Litter, ARM & HAMMER Liquid Laundry detergent, SIMPLY SALINE nasal saline moisturizers and solutions, and HERO acne treatment products, and ZICAM cold shortening and relief products .

Consumer Domestic income from operations for the second third quarter of 2026 was $223.4, $249.4, an increase of $6.0 $32.3 as compared to the second third quarter of 2025. The prior year included one-time costs associated with exiting the Flawless, Spinbrush, and Waterpik showerheads businesses of $47.2. In the current year, Strong organic sales growth across household and personal care, plus sales volume from the Touchland and Miss Mouth's acquisitions, partially offset by the sales impact from the exited businesses contributed $21.5. $25.3. Consumer Domestic also realized the benefit of productivity programs of $19.5 $19.2, lower marketing expenses of $13.1 and favorable price/mix of $14.5. $9.9. These benefits were partially offset by inflation, including Middle East conflict-related commodity and transportation costs of $56.4, $28.9 (partially offset by tariff refunds) as well as higher SG&A expenses of $37.7 $5.8 reflecting acquisition-related costs higher expenses from Touchland and the Miss Mouth's acquisition, focused growth investments and higher marketing expenses of $3.0. incentive compensation.

Consumer Domestic income from operations for the six-month nine-month period ended June September 30, 2026, was $463.6, $713.0, a $1.4 $33.9 increase as compared to the first six nine months of 2025. The prior year included costs associated with exiting the Flawless, Spinbrush, and Waterpik showerheads businesses of $47.2. In the current year, the increase was impacted by higher strong organic sales volumes, including growth across household and personal care, plus sales volume from the Touchland and Miss Mouth's acquisitions, of $38.8, partially offset by the sales impact from the exited businesses, contributed $64.1. Consumer Domestic also realized the benefit of productivity programs of $38.6, $57.9, favorable price/mix of $14.3 $24.1 and lower marketing expenses of $0.7, $13.8, partially offset by inflation, including Middle East conflict-related commodity and transportation costs of $85.7 $114.6 (partially offset by tariff refunds) and higher SG&A expenses of $52.9 $58.7 reflecting acquisition-related costs higher intangible asset amortization from the Touchland and Miss Mouth's acquisitions, focused growth investments and higher incentive compensation.

1 unchanged paragraph

Consumer International net sales were $297.5 $297.4 in the second third quarter of 2026, an increase of $19.9 $7.3 or 7.2% 2.5% as compared to the same period in 2025. Consumer International net sales in the first six nine months of 2026 were $571.4, $868.8, an increase of $31.9 $39.2 or 5.9% 4.7% as compared to the same period in 2025. The components of the net sales change were as follows:

6 unchanged paragraphs

Consumer International income from operations was $41.6 in the second quarter of 2026, an increase of $9.2 as compared to the second quarter of 2025. The prior year included costs associated with exiting the Flawless, Spinbrush, and Waterpik showerheads businesses of $3.8. In the current year, Consumer International income from operations benefited from strong organic sales growth across the portfolio, plus sales volume from the Touchland acquisition. Partially offsetting these volume benefits is the sales impact from the exited businesses. In total, increased sales volumes and changes in mix, primarily from the exited businesses, resulted in a net benefit of $8.7. Consumer International also experienced favorable price/mix of $8.9 and favorable foreign exchange rates of $1.9. These benefits were partially offset by higher SG&A expenses of $7.0 reflecting acquisition-related costs from Touchland, higher marketing expenses of $5.4 to support growth, and higher manufacturing and distribution expenses of $2.2.

The net sales increase for the three months ended September 30,2026, excluding business exits the acquisition of Touchland and changes in foreign currency exchange rates, increased in the second quarter ended June 30, 2026. The increase was primarily driven by THERABREATH mouth wash and HERO acne treatment products in the Global Markets Group ("GMG"), Canada and the subsidiary markets, Mexico, BATISTE dry shampoo in GMG Europe, and Europe, TOUCHLAND in Canada, the UK, and STERIMAR nasal congestion relief Australia, OXICLEAN powder in GMG and HERO acne treatment products in GMG, Canada, and Mexico. The net sales increase for the nine months ended September 30, 2026, excluding business exits, the acquisition of Touchland and changes in foreign currency exchange rates increased in the six months ended June 30, 2026. and the increase Touchland acquisition, was primarily driven by THERABREATH mouth wash, BATISTE dry shampoo and HERO acne treatment products in the Global Markets Group, and HERO acne treatment products and BATISTE dry shampoo in the UK, Canada, Germany, and Canada. France.

Consumer International income from operations was $31.1 for the first three months of 2026, an increase of $2.3 as compared to the third quarter of 2025. Consumer International income from operations benefited from strong organic sales growth across the portfolio, increasing income from operations by $10.6. The income from operations impact from increased sales volumes was partially offset by higher SG&A expenses of $5.0 reflecting focused growth investments and higher incentive compensation, higher marketing expenses of $1.3 to support growth, unfavorable foreign exchange rates of $1.1, and higher manufacturing and transportation costs of $0.9.

Consumer International income from operations for the first six nine months of 2026 was $81.5, an $11.4 $112.6, a $13.5 increase as compared to the same period in first nine months of 2025. The prior year included costs associated with exiting the Flawless, Spinbrush, and Waterpik showerheads businesses of $3.8. In the current year, the increase is due primarily to the impact of strong organic sales volumes across the portfolio, plus sales volume from the Touchland acquisition, of $15.1, increasing income from operations by $25.7, favorable foreign exchange rates of $9.5, $8.4, a favorable price/mix of $5.6 $5.5 and lower manufacturing and distribution expenses transportation costs of $3.3, $2.4, partially offset by higher SG&A expenses of $14.3 $19.3 reflecting acquisition-related costs higher expenses from intangible asset amortization for the Touchland acquisition, focused growth investments, higher incentive compensation, and higher marketing expenses of $11.8 $13.1 to support growth.

1 unchanged paragraph

SPD net sales were $76.7 $79.6 in the second third quarter of 2026, an increase of $2.1 $3.8 or 2.8% 5.0% as compared to the same period in 2025. SPD net sales were $154.4 $234.0 for the first six nine months of 2026, an increase of $4.4, $8.2, or 2.9% 3.6% as compared to the same period in 2025. The components of the net sales change were as follows:

1 unchanged paragraph

Net sales increased in the three and six nine months ended June September 30, 2026 primarily due to growth in our sodium bicarbonate and animal nutrition businesses.

SPD income from operations was $11.4 $10.9 in the second third quarter of 2026, a decrease an increase of $0.5 $2.2 compared to the second third quarter of 2025 due to unfavorable manufacturing costs of $2.3 and higher SG&A expenses of $1.4, partially offset by higher sales volumes of $1.7, increasing income by $1.8, favorable price/mix of $1.1, $1.6, and lower marketing expenses of $0.2. $0.3, offset by unfavorable manufacturing costs of $1.0 and higher SG&A expenses of $0.5. SPD income from operations was $22.3 $33.2 in the first six nine months of 2026, a decrease of $2.4 $0.2 as compared to the same period in 2025 due to higher SG&A expenses of $3.7 and unfavorable manufacturing costs of $3.4, $4.4 and higher SG&A expenses of $4.2, partially offset by higher sales volumes of $2.2, increasing income by $4.0, favorable price/mix of $1.9, $3.5, and lower marketing expenses of $0.5. $0.8.

1 unchanged paragraph

Equity in earnings of affiliates represents the results of Armand in the three and six nine months ended June September 30, 2026 and 2025.

2 unchanged paragraphs

As of June September 30, 2026, we had $254.8 $446.9 in cash and cash equivalents, and approximately $1,943.0 $1,993.0 available through our revolving credit facility and our commercial paper program. To preserve our liquidity, we invest cash primarily in government money market funds, prime money market funds, short-term commercial paper and short-term bank deposits.

Our 3.15% Senior Notes in the aggregate principal amount of $425.0 mature on August 1, 2027 and are classified as current portion of long-term debt as of September 30, 2026.

1 unchanged paragraph

We have $228.9 of share repurchase availability under the 2021 Share Repurchase Program as of June 30, 2026.

On October 28, 2021, the Board authorized the Company s our share repurchase program, under which we may repurchase up to $1,000.0 in shares of Common Stock (the 2021 Share Repurchase Program ). The 2021 Share Repurchase Program does not have an expiration and replaced the 2017 Share Repurchase Program. As of September 30, 2026, there remained $228.9 of share repurchase availability under the 2021 Share Repurchase Program.

On October 27, 2026, the Board of Directors approved a new share repurchase program authorizing us to repurchase up to $1,000.0 of its common stock (the "2026 Share Repurchase Program"). The 2026 Share Repurchase Program has no expiration date and replaces our 2021 Share Repurchase Program.

The 2021 and 2026 Share Repurchase Program Programs did not modify our evergreen share repurchase program, authorized by the Board on January 29, 2014, under which we may repurchase, from time to time, Common Stock to reduce or eliminate dilution associated with issuances of Common Stock under our its incentive plans.

During the third quarter of 2026, we executed open market purchases of 0.4 million shares for $37.1, inclusive of fees, of which all 0.4 million shares were purchased under the evergreen program. The shares were purchased at an average share price of $94.91 and we used cash on hand to fund the open market purchases. In October 2026, we executed open market purchases of 1.4 million shares for $130.2, inclusive of fees, of which all 1.4 million shares were purchased under the evergreen program. These shares were purchased at an average share price of $94.41 and we used cash on hand to fund the open market purchases.

1 unchanged paragraph

We anticipate that our cash from operations, together with our current borrowing capacity, will be sufficient to fund our share repurchase programs to the extent implemented by management, pay debt and interest as it comes due, pay dividends at the latest approved rate, and meet our capital expenditure program costs, which are expected to be approximately $130.0 $125.0 in 2026 including manufacturing capacity investments for THERABREATH and Sterimar and an enterprise resource planning (ERP) project. Cash, together with our current borrowing capacity, may be used for acquisitions that would complement our existing product lines or geographic markets.

3 unchanged paragraphs

Net Cash Provided by Operating Activities Our primary source of liquidity is the cash flow provided by operating activities, which is dependent on net income and changes in working capital. Our net cash provided by operating activities in the six nine months ended June September 30, 2026 increased decreased by $45.1 $10.8 to $461.6 $841.2 as compared to $416.5 $852.0 in the same period in 2025 due to a decrease in working capital and an increase in cash earnings (net income adjusted for non-cash items) offset by working capital improvement. The decrease improvement in working capital is primarily related to higher accounts payable as we extend payment terms with certain vendors and the timing of income tax payments, partially offset by higher inventory purchases to support growth. We measure working capital effectiveness based on our cash conversion cycle. The following table presents our cash conversion cycle information for the quarters ended June September 30, 2026 and 2025:

September 30, 2025 (1)

4 unchanged paragraphs

(1) The June September 30, 2025 cash conversion cycle calculation was revised to reflect a quarter-to-quarter four-period average method.

1 unchanged paragraph

Net Cash Used in Investing Activities Net cash used in investing activities during the first six nine months of 2026 was $361.9, $402.7, primarily reflecting $300.0 for the Miss Mouth's acquisition, and $61.8 $91.6 for additions to property, plant, and equipment, and $10.0 for a business acquisition liability payment. Net cash used in investing activities during the first six nine months of 2025 was $39.6, $725.3, primarily reflecting $39.0 $656.4 for the Touchland Acquisition and $67.2 for property, plant and equipment additions.

Net Cash Used in Financing Activities Net cash used in financing activities during the first six nine months of 2026 was $251.7, $397.9, primarily attributable to $219.6 of cash dividend payments, $180.5 of business acquisition liability payments and $145.8 $37.1 of cash dividend payments, treasury stock purchases, partially offset by $49.9 of net commercial paper borrowings and $30.8 $46.9 of proceeds from stock option exercises. Net cash used in financing activities during the first six nine months of 2025 was $426.8, $793.9, reflecting $300.0 $600.0 of share repurchases, $145.0 $216.4 of cash dividend payments and $5.9 related to the payment of a business acquisition liability, partially offset by $26.6 $33.1 of proceeds from stock option exercises.

Controls and procedures 3 changes

3 unchanged paragraphs

During the quarter ended June 30, 2026, we completed the implementation of a new enterprise resource planning system ("ERP") in North America.

Inclusive of the ERP implementation noted above, There were no changes in the Company s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) occurring during the Company s most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company s internal control over financial reporting.

1 unchanged paragraph

This report contains forward-looking statements, including, among others, statements relating to net sales and earnings growth; the impact of tariffs; gross margin changes; trade and marketing spending; marketing expense as a percentage of net sales; sufficiency of cash flows from operations; earnings per share; the impact of new accounting pronouncements; cost savings programs; recessionary conditions; interest rates; inflation; consumer demand and spending; the effects of competition; the effect of product mix; volume growth, including the effects of new product launches into new and existing categories; the impact of acquisitions; and capital expenditures. Other forward-looking statements in this report may be identified by the use of such terms as may, could, expect, intend, believe, plan, estimate, outlook, forecast, project, anticipate, to be, to make or other comparable terms. These statements represent the intentions, plans, expectations and beliefs of the Company, and are based on assumptions that the Company believes are reasonable but may prove to be incorrect. In addition, these statements are subject to risks, uncertainties and other factors, many of which are outside the Company s control and could cause actual results to differ materially from such forward-looking statements. Factors that could cause such differences include a decline in market growth, retailer distribution and consumer demand (as a result of, among other things, political, economic and marketplace conditions and events), including those relating to the outbreak of contagious diseases; the impact of new regulations and legislation and change in regulatory priorities; shifting economic policies in the United States; potential changes in export/import and trade laws, regulations and policies of the United States and other countries, including any increased trade restrictions or tariffs; increased or changing regulation regarding the Company's products and its suppliers in the United States and other countries where it or its suppliers operate; the impact on the global economy of the Russia/Ukraine war and conflict in the Middle East, including the impact of export controls and other economic sanctions; potential recessionary conditions or economic uncertainty; the impact of continued shifts in consumer behavior, including accelerating shifts to on-line shopping; unanticipated increases in raw material and energy prices, including as a result of the Russia/Ukraine war, conflict in the Middle East or other inflationary pressures; delays and increased costs in manufacturing and distribution; increases in transportation costs; labor shortages; the impact of price increases for our products; the impact of inflationary conditions; the impact of supply chain and labor disruptions; the impact of severe or inclement weather on raw material and transportation costs; adverse developments affecting the financial condition of major customers and suppliers; competition; changes in marketing and promotional spending; growth or declines in various product categories and the impact of customer actions in response to changes in consumer demand and the economy, including increasing shelf space or on-line share of private label and retailer-branded products or other changes in the retail environment; impairment charges or other negative impacts to the value of the Company's assets; consumer and competitor reaction to, and customer acceptance of, new product introductions and features; the Company s ability to complete the announced strategic alternatives for certain of our businesses timing and realize the intended benefits; the risk that the announcement amount of strategic alternatives could have an adverse effect on the Company; any tariff refunds; the Company s ability to maintain product quality and characteristics at a level acceptable to our customers and consumers; disruptions in the banking system and financial markets; the Company s borrowing capacity and ability to finance its operations and potential acquisitions; higher interest rates; foreign currency exchange rate fluctuations; market volatility; issues relating to the Company s information technology and controls; the impact of natural disasters, including those related to climate change, on the Company and its customers and suppliers, including third party information technology service providers; integrations of acquisitions or divestiture of assets; the outcome of contingencies, including litigation, pending regulatory proceedings and environmental matters; and changes in the regulatory environment in the countries where we do business.

1 unchanged paragraph

Unregistered sales of stock 5 changes

1 unchanged paragraph

During the second quarter of 2026, the Company did not repurchase any shares of Common Stock pursuant to its share repurchase programs. The following table contains information for shares repurchased during the second quarter of 2026, all of which consisted solely of shares of Common Stock withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock.

During the third quarter of 2026, the Company executed open market purchases of 0.4 million shares for $37.1, inclusive of fees, of which all 0.4 million shares were purchased under the evergreen program. The shares were purchased at an average share price of $94.91 and the Company used cash on hand to fund the open market purchases.

There remains remained $228.9 of share repurchase availability under the 2021 Share Repurchase Program as of June September 30, 2026. On October 27, 2026 the Board authorized us to repurchase up to $1,000.0 under the 2026 Share Repurchase Program, which replaced the 2021 Share Repurchase Program.

2 unchanged paragraphs

(1) Includes shares of Common Stock withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock.

2 unchanged paragraphs

During the three months ended June September 30, 2026, none of our directors or executive officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated any contract, instruction or written plan for the purchase or sale of the Company's securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any non-Rule 10b5-1 trading arrangement (as defined in Item 408(a) of Regulation S-K).

Exhibits 1 change

4 unchanged paragraphs

Church & Dwight Co., Inc. Employee Stock Purchase Plan, as approved by the Company s stockholders on April 27, 2023, and amended and restated as of April 4, 2026, incorporated by reference to Exhibit 10.1 to the Company s quarterly report on Form 10-Q filed on May1, 2026.

15 unchanged paragraphs