Church & Dwight Co., Inc. announces third-quarter earnings; Declares dividend.

PRINCETON, N.J.--(BUSINESS WIRE)--Oct. 26, 1995--Church & Dwight Co., Inc. (NYSE:CHD) today announced that for the quarter ended September 29, 1995 sales were $120.5 million, compared to $132.6 million a year ago. Pre-tax earnings, before restructuring in both years, were up 50% to $6.9 million from $4.6 million versus a comparable year ago quarter. In the third quarter, Church and Dwight reported net income of $1.6 million, or $.08 per share, after a previously announced pre-tax restructuring charge of $4.0 million, or $0.13 per share, up from a net loss of $0.3 million, or $.01 per share, in the prior year. The prior year quarter also contained a pre-tax restructuring charge of $5.3 million, or $0.16 per share.

For the nine months ended September 29, 1995, sales were $367.5 million, compared with $374.7 million in the prior year. Earnings were $8.4 million, or $0.43 per share, compared to $8.5 million, or $0.43 per share, in 1994.

Church & Dwight Co., Inc. is the manufacturer and marketer of ARM & HAMMER(R) consumer and specialty products.

Church & Dwight Co., Inc. reported that the Board of Directors declared a regular quarterly dividend of 11 cents per share. The Dividend will be payable December 1, 1995 to stockholders of record at the close of business November 14, 1995. This is the Company's 379th regular quarterly dividend. -0-

            CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES
         Condensed Consolidated Balance Sheets (Unaudited)

(Dollars in thousands)          September 29, 1995    September 30, 1994
Assets
Current Assets
Cash equivalents and securities     $13,647               $7,122
Accounts receivable                  44,975               51,232
Inventories                          45,767               61,952
Deferred income taxes                12,270               10,018
Prepaid expenses and other
 current assets                       5,545                5,345
Total Current Assets                122,204              135,669
Property, Plant and
Equipment (Net)                     144,943              134,715
Note Receivable from
 Joint Venture                       11,000               11,000
Equity Investment in
 Joint Venture                       12,946               14,983
Intangibles and Other
Assets                                7,543                8,154
Total Assets                       $298,636             $304,521

Liabilities and Stockholders'
 Equity
Current Liabilities                $100,478             $104,654
Long-Term Debt                        7,500                7,500
Deferred Items                       22,600               20,909
Nonpension Postretirement
 and Postemployment Benefits         13,914               12,430
Stockholders' Equity                154,144              159,028
Total Liabilities and
Stockholders' Equity               $298,636             $304,521

-0-

                CHURCH & DWIGHT CO., INC. AND SUBSIDIARIES
          Condensed Consolidated Statements of Income (Unaudited)

                            Three Months Ended       Nine Months Ended
(In thousands, except     Sept. 29,   Sept. 30,    Sept. 29,   Sept. 30
 per share data)            1995        1994        1995         1994

Net Sales                $120,509    $132,581    $367,452      $374,748
Cost of sales              71,274      72,458     215,220       209,507
Gross profit               49,235      60,123     152,232       165,241
Selling, general and
 administrative expenses   43,830      57,422     140,352       152,357
Restructuring charge        3,987       5,343       3,987         5,343
Income/(loss) from
 Operations                 1,418      (2,642)      7,893         7,541
Other income (expense),
 net                          361        (177)        349           238
Equity in joint venture
 income                     1,116       2,041       5,798         5,856
Income before taxes         2,895        (778)     14,040        13,635
Income taxes                1,329        (519)      5,689         5,087
Net Income                 $1,566       ($259)     $8,351        $8,548
Net Income per share        $0.08      ($0.01)      $0.43         $0.43
Dividend per share           0.11        0.11        0.33          0.33
Weighted average
shares outstanding         19,593      19,536      19,562        19,760

CONTACT: Gary P. Halker

Church & Dwight Co., Inc.

[phone]