Segment Data

9 Months Ended

Jun. 30, 2025

For an overview of the Company’s segments, refer to Note 1 of the Notes to Condensed Consolidated Financial Statements. Segment performance is evaluated based on segment profit, excluding certain U.S. GAAP items that management does not believe are indicative of ongoing operating performance due to their unusual or non-recurring nature and which may have a disproportionate positive or negative impact on the Company’s financial results in any particular period. Financial items, such as interest income and expense, are managed on a global basis at the corporate level and therefore are excluded from segment profit. The exclusion of such charges from segment results reflects management’s view on how management monitors and evaluates segment operating performance, generates future operating plans and makes strategic decisions regarding the allocation of capital.

The Company’s operating model includes some shared business functions across the segments, including product warehousing and distribution, transaction processing functions and, in most cases, combined sales force and management teams. The Company applies a fully allocated cost basis in which shared business functions are allocated between the segments.

Segment net sales and profitability are presented below:


	Three Months Ended June 30,				Nine Months Ended June 30,
	2025		2024		2025		2024
Net Sales
Wet Shave	$	317.0	$	316.3	$	897.0	$	911.1
Sun and Skin Care	243.4		256.9		595.1		608.1
Feminine Care	66.8		74.6		194.2		216.9
Total net sales	$	627.2	$	647.8	$	1,686.3	$	1,736.1

Segment Profit
Wet Shave	$	44.1	$	47.6	$	137.3	$	141.7
Sun and Skin Care	46.0		64.2		93.4		117.3
Feminine Care	4.5		6.6		10.8		22.6
Total segment profit	94.6		118.4		241.5		281.6
General corporate and other expenses	(11.6)		(15.8)		(39.3)		(47.0)
Amortization of intangibles	(7.8)		(7.7)		(23.3)		(23.3)
Interest and other expense, net	(19.3)		(17.2)		(58.6)		(60.4)
Restructuring and related charges (1)	(17.8)		(3.2)		(34.2)		(13.2)
Acquisition and integration costs (2)	—		(0.7)		(0.5)		(2.1)
Sun Care reformulation costs (3)	(0.5)		(1.3)		(2.2)		(2.2)
Wet Ones manufacturing plant fire (4)	—		(2.7)		—		(8.0)
Legal matters (5)	—		(2.5)		—		(3.9)
(Loss) gain on investment (6)	—		(3.1)		0.9		(3.1)
Commercial realignment (7)	0.1		—		(3.0)		—
Vendor bankruptcy (8)	(1.2)		—		(1.6)		—
Other project and related costs (9)	0.7		(1.7)		(2.9)		(2.9)
Total earnings before income taxes	$	37.2	$	62.5	$	76.8	$	115.5

(1)The Company recorded $17.8 and $3.2 for the three months ended June 30, 2025 and 2024, respectively, and $34.2 and $13.2 for the nine months ended June 30, 2025 and 2024, respectively, related to actions to strengthen its operating model and improve manufacturing and supply chain efficiency and productivity. Includes pre-tax SG&A of $0.6 and $0.1 for the three months ended June 30, 2025 and 2024, respectively, and $0.6 and $0.1 for the nine months ended June 30, 2025 and 2024, respectively. Includes pre-tax Cost of products sold of $1.2 for both the three and nine months ended June 30, 2025 related to accelerated depreciation of certain assets. See Note 2 of the Notes to Condensed Consolidated Financial Statements.

(2)Includes pre-tax SG&A of nil and $0.7 for three months ended June 30, 2025 and 2024, respectively, and $0.5 and $2.1 for the nine months ended June 30, 2025 and 2024, respectively, for the acquisition of Billie, Inc. on November 29, 2021.

(3)Includes pre-tax research and development costs of $0.5 and $1.3 for the three months ended June 30, 2025 and 2024, respectively, and $2.2 and $2.2 for the nine months ended June 30, 2025 and 2024, respectively, related to the reformulation, recall and destruction of certain Sun Care products.

(4)On December 1, 2023, a fire occurred at our Wet Ones manufacturing plant in Sidney, Ohio. There were no injuries reported and damage was limited to a single manufacturing process. As a consequence of the fire damage, there was a partial shutdown of the operations that manufacture Wet Ones raw materials. During the three and nine months ended June 30, 2024, the Company incurred $2.7 and $8.0, respectively, in costs related to incremental material charges, labor and absorption as a result of the fire.

(5)Includes pre-tax SG&A of $2.5 and $3.9 in the three and nine months ended June 30, 2024, for the settlement of certain legal matters.

(6)Includes pre-tax gain of $0.9 for the nine months ended June 30, 2025 on the fair value measurement of an equity method investment. Includes pre-tax loss of $3.1 for the three and nine months ended June 30, 2024, on an equity method investment and a related note receivable as a result of a new contractual agreement.

(7)Includes pre-tax Cost of products sold of $0.1 of income and $3.0 of expense during the three and nine months ended June 30, 2025, respectively, related to a shift in go to market strategy and SKU rationalization.

(8)Includes pre-tax Cost of products sold of $1.2 and $1.6 during the three and nine months ended June 30, 2025, respectively, related to government mandated incremental costs related to a bankruptcy at one of our foreign vendors.

(9)Includes pre-tax SG&A of $2.0 and $1.7 for the three months ended June 30, 2025 and 2024, respectively, pre-tax SG&A of $4.4 and $2.9 for the nine months ended June 30, 2025 and 2024, respectively and Other income of $2.7 and $1.5 for the three and nine months ended June 30 2025, respectively, related to certain corporate project and other related costs.

The following table presents the Company’s net sales by geographic area:


	Three Months Ended June 30,				Nine Months Ended June 30,
	2025		2024		2025		2024
Net Sales to Customers
United States	$	344.7	$	373.7	$	928.0	$	983.0
International	282.5		274.1		758.3		753.1
Total net sales	$	627.2	$	647.8	$	1,686.3	$	1,736.1

Supplemental product information is presented below for net sales:


	Three Months Ended June 30,				Nine Months Ended June 30,
	2025		2024		2025		2024
Razors and blades	$	287.8	$	287.4	$	814.2	$	822.7
Tampons, pads, and liners	66.8		74.6		194.2		216.9
Sun care products	175.1		191.3		386.7		417.3
Grooming products	46.5		43.5		148.3		135.3
Wipes and other skin care	21.8		22.1		60.1		55.5
Shaving gels and creams	29.2		28.9		82.8		88.4
Total net sales	$	627.2	$	647.8	$	1,686.3	$	1,736.1

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

EDGEWELL PERSONAL CARE Co 10-Q