Church & Dwight reports strong first quarter sales.* Church & Dwight Dwight , Timothy 1752-1817. American clergyman, author, and educator who was a leading supporter of Federalism and served as president of Yale University (1795-1817). His grandson Timothy (1828-1916) was also president of Yale (1886-1899). Co., Inc. reported first quarter net income rose 11% to $62.6 million. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight jumped 5% to $580.9 million. Organic sales increased by approximately 6%, excluding the impact of foreign exchange, acquisitions and divestitures. "We are very pleased with our solid first quarter results particularly in this difficult economic environment," said James R. Craigie, chairman and chief executive officer. "Our results reflect continued strong organic sales growth and exceptional gross and operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: expansion. The organic sales growth was driven by strong consumer appeal for our high quality value-oriented products, carryover carryover n. in taxation accounting, using a tax year's deductions, business losses or credits to apply to the following year's tax return to reduce the tax liability. (See: carryback) benefits of 2008 pricing actions, new products, and a significant increase in marketing spending, partially offset by soft sales in the Specialty Products Division. The improved gross margin reflects pricing, earlier than expected benefits from lower commodity costs, acquisition benefits relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the acquired businesses from Coty, Inc. and cost reduction programs." |
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