Topic: How To Invest

Spinoffs, Takeovers & Special Situations Hotline – Friday, December 1, 2017

Article Excerpt

EDGEWELL PERSONAL CARE CO.,$58.13, symbol EPC on New York, began trading in July 2015 after Energizer Holdings, Inc. split into Edgewell and battery maker Energizer (symbol ENR on New York). Edgewell’s product range includes shaving products (60% of sales) sold under brand names such as Schick, Edge and Wilkinson Sword; its sun and skin-care products (18%) include the brands Hawaiian Tropic and Banana Boat; its feminine care brands (16%) include Playtex, Carefree, o.b. and Stayfree; and its infant care lines (6%) are sold under the Playtex, Diaper Genie and Wet Ones brands. For the fourth quarter ended September 30, 2017, revenue fell 7.5%, to $564.9 million from $610.6 million a year earlier. Earnings per share fell 5.7%, to $1.00 from $1.06. The declines were mostly due to intense competition in the consumer products industry. The company’s long-term debt of $1.53 billion is a somewhat high 47% of its market cap. However, Edgewell holds cash of $502.9 million, or $8.82 a share. The company’s shares…

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