Church & Dwight Reaffirms Earnings Outlook.PRINCETON, N.J. -- Church & Dwight Co., Inc. (NYSE NYSE See: New York Stock Exchange :CHD CHD coronary heart disease. ChD abbr. Latin Chirurgiae Doctor (Doctor of Surgery) CHD, n.pr See disease, coronary heart. CHD canine hip dysplasia. ) today is reaffirming its earnings objective for the year in meetings with institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. in Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). and Denver. The Company said that it is comfortable with the previously announced earnings objective of $1.40 to $1.41 per share on a GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). basis for the year ending December 31, 2004. This is equivalent to $2.10 to $2.12 per share prior to a 3-for-2 stock split effective September 1, 2004. James Craigie, President and Chief Executive Officer, also reiterated that the Company's ongoing objective is to achieve 12.5% to 15% average annual earnings per share growth over the long term. Church & Dwight Co., Inc. manufactures and markets a wide range of personal care, household and specialty products, under the ARM & HAMMER brand name and other well-known trademarks. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. relating, among others, earnings per share and average annual earnings per share growth. These statements represent the intentions, plans, expectations and beliefs of Church & Dwight, and 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. The uncertainties include assumptions as to market growth and consumer demand (including the effect of political and economic events on consumer demand), raw material and energy prices, the financial condition of major customers, trade, competitive and consumer reactions to the Company's products and other factors described in Church & Dwight's quarterly and annual reports filed with the SEC. |
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