UPDATE 2-Church & Dwight Q4 tops view, sees strong FY10 profit

martes 9 de febrero de 2010 15:07 CET

* Q4 EPS $0.83 vs est $0.80

* Q4 sales tops street

* Sees 2010 EPS $3.93-$4.00 vs est $3.88

* Says in excellent position to pursue buys (Recasts; adds details)

BANGALORE, Feb 9 (Reuters) - Church & Dwight Co Inc (CHD.N: Cotización) reported better-than-expected quarterly results as the maker of Arm & Hammer baking soda's margins benefitted from better pricing and lower commodity costs, and forecast a strong 2010 profit.

For 2010, the company, which also a makes Trojan condoms and SpinBrush battery-powered toothbrushes, projected earnings of $3.93 to $4.00 a share. Analysts had expected a profit of $3.88 a share, according to Thomson Reuters I/B/E/S.

"We expect continued margin expansion in 2010 which will be driven largely by the efficiencies from our new liquid laundry detergent facility in Pennsylvania," Chief Executive James Craigie said in a statement.

Craigie said the company is in "an excellent position" to pursue acquisition opportunities. As of Dec. 31, Church & Dwight, which has historically sought takeovers, had cash, equivalents and securities of $447.1 million.

The company also expects to make a significant investment in 2010 to support a global information systems project that will strengthen cost management capabilities, Craigie said.   Continuación...