Edgewell Personal Care Raises FY2024 Adj EPS Guidance from $2.65-$2.85 to $2.80-$3.00 vs $2.78 Estimate
The following tables provide reconciliations of Adjusted EPS and Adjusted EBITDA, Non-GAAP measures, included within the Company's outlook for projected fiscal 2024 results:
Adjusted EPS Outlook |
||
Fiscal 2024 GAAP EPS |
approx. |
$2.20 - $2.40 |
Restructuring and repositioning costs |
approx. |
0.38 |
Acquisition and integration costs |
approx. |
0.06 |
Sun Care reformulation costs |
approx. |
0.12 |
Wet Ones manufacturing plant fire |
approx. |
0.13 |
Legal matter |
approx. |
0.03 |
Other costs |
approx. |
0.07 |
Income taxes(1) |
approx. |
(0.19) |
Fiscal 2024 Adjusted EPS Outlook (Non-GAAP) |
approx. |
$2.80 - $3.00 |
(1) Income tax effect of the adjustments to Fiscal 2024 GAAP EPS noted above. |
||
Adjusted EBITDA Outlook |
||
Fiscal 2024 GAAP Net Income |
approx. |
$110 - $120 |
Income tax provision |
approx. |
32 |
Interest expense, net |
approx. |
75 |
Depreciation and amortization |
approx. |
92 |
EBITDA |
approx. |
$308 - $320 |
Restructuring and repositioning costs |
approx. |
19 |
Acquisition and integration costs |
approx. |
3 |
Sun Care reformulation costs |
approx. |
6 |
Wet Ones manufacturing plant fire |
approx. |
6 |
Legal matter |
approx. |
2 |
Other project costs |
approx. |
4 |
Fiscal 2024 Adjusted EBITDA |
approx. |
$348 - $360 |