November 4, 2008 / 12:54 PM / 10 years ago

UPDATE 1-Price raises help Church & Dwight Q3 profit beat Street

* Q3 adj EPS of $0.73 beats estimates by 4 cents

* Q3 sales misses estimates

* Price increases, new products boost margins

* Reaffirms FY08 outlook

Nov 4 (Reuters) - Household and personal-care products maker Church & Dwight Co Inc (CHD.N) beat market expectations for the third consecutive quarter this year as price increases and new products bolstered margins, and backed its full-year earnings outlook.

The maker of Trojan condoms and Arm & Hammer baking soda had raised prices of these products earlier in the year and said it planned to implement price increases for several other products in the fourth quarter.

Princeton, New Jersey-based Church & Dwight posted third-quarter net income of $49.0 million, compared with $51.7 million a year earlier. The third-quarter results included a restructuring charge of 4 cents a share related to a plant closing.

The company, which competes with larger rivals Procter & Gamble (PG.N), Clorox (CLX.N) and Colgate-Palmolive (CL.N), said net sales rose 8.7 percent to $630.7 million in the period.

Church & Dwight shares closed at $59.43 Monday on the New York Stock exchange. The stock is up almost 10 percent this year, compared with a 15 percent fall for the Standard & Poor’s household and personal care products index .15GSPHHPE.

For the press release, please double-click [ID:nBw045308a]. For the alerts, please click [ID:nWNAB7210]. (Reporting by Dhanya Skariachan in Bangalore; Editing by Vikram S Subhedar)

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