SHELTON, Conn. - Edgewell Personal Care Company (NYSE:EPC), known for its portfolio of consumer product brands, has expanded its Board of Directors to 11 members with the appointment of Stephanie Stahl, effective September 10. Stahl brings a wealth of marketing and strategic expertise to the Edgewell board, having held leadership roles across various consumer-focused and sustainability-driven companies.
Stahl's background includes significant experience in business transformation, post-merger integration, and public board leadership, with particular expertise in mergers and acquisitions (M&A), diversity, equity, inclusion (DEI), and dealing with activist investors. Her appointment is expected to strengthen Edgewell's strategic priorities, especially in consumer goods, as the company continues to navigate its growth and value creation strategies.
Rod Little, President and CEO of Edgewell, expressed confidence in Stahl's ability to contribute valuable perspectives to the board, citing her extensive experience in the industry. Stahl herself remarked on Edgewell's impressive transformation and her eagerness to contribute to the company's ongoing success alongside the board, leadership team, shareholders, and employees.
Her previous roles include Chief Marketing and Strategy Officer at Coach, Inc. and Revlon, Inc., as well as a partnership at Boston Consulting Group. Stahl also co-founded the B Corp Certified circular beauty and wellness brand Ace of Air. Her current board service includes Dollar Tree, Inc. (NASDAQ:DLTR), Carter's (NYSE:CRI), Inc., and Newell Brands Inc. She also serves as a Senior Advisor to Boston Consulting Group, focusing on Consumer & Climate sectors.
Stahl's educational credentials include a master's degree from Harvard Business School, where she graduated with distinction, and a bachelor's degree in quantitative economics from Stanford University.
This announcement comes as Edgewell continues to reinforce its presence in the consumer products space, with a diverse array of brands such as Schick®, Wilkinson Sword®, Playtex®, and Banana Boat®, among others. The company operates globally in over 50 markets and employs approximately 6,800 people worldwide. The information regarding Stahl's appointment is based on a press release statement from Edgewell Personal Care Company.
In other recent news, Edgewell Personal Care Company reported a mixed financial performance in its third quarter fiscal year 2024 earnings call. The company saw a 1% top-line growth and a robust 23% increase in adjusted earnings per share, largely due to a significant gross margin improvement of 160 basis points. Despite these gains, Edgewell faced challenges in North America, particularly in the Feminine Care business, resulting in a decline in sales. To address these issues, the company announced leadership changes, including the appointment of Dan Sullivan as COO and Francesca Weissman as CFO.
Edgewell has raised its full-year adjusted EPS and EBITDA outlook and anticipates about 1% organic net sales growth. The company plans to increase promotional spending to remain competitive, particularly in the U.S. market. However, it expects flat gross margins in Q4 due to increased promotional intensity. The company also highlighted potential risks associated with inflation, labor supply and demand imbalances, and a competitive environment.
Despite overall growth, the company experienced declines in specific North American categories. However, it anticipates strong performance in U.S. Sun Care and mid-single-digit growth in Grooming. Edgewell is also open to acquiring disruptor brands if they can add value to the portfolio. These are some of the recent developments at Edgewell Personal Care Company.
InvestingPro Insights
Edgewell Personal Care Company (NYSE:EPC) has shown resilience in its financial metrics and strategic actions, as reflected in the latest data from InvestingPro. With a market capitalization of $1.81 billion, the company is positioned as a notable player in the consumer products industry. Edgewell's commitment to shareholder value is evident with a Piotroski Score of 9, indicating strong financial health, and aggressive share buybacks by management, as highlighted in the InvestingPro Tips. These actions, coupled with a high shareholder yield, suggest that the company is focused on delivering returns to its investors.
Despite recent volatility, with the stock price taking a significant hit over the last week, Edgewell's fundamentals remain robust. The company has liquid assets that exceed its short-term obligations, providing a cushion for operational flexibility. Moreover, analysts predict that Edgewell will remain profitable this year, building on its profitability over the last twelve months. The current P/E ratio stands at 15.38, which, although high relative to near-term earnings growth, may reflect the market's confidence in the company's long-term prospects.
For readers interested in a deeper dive into Edgewell's financials and strategic outlook, there are additional InvestingPro Tips available at https://www.investing.com/pro/EPC. These insights can provide a more comprehensive understanding of the company's position and potential investment opportunities.
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