Edgewell Personal Care (EPC) FY2022 results: revenue $2.2 billion, up 4.0% on the year

Edgewell Personal Care Co. (EPC) reported revenue of $2.2 billion for fiscal 2022, the year ended 30 September 2022, up 4.0% on the year before. Net income was $100 million, down 15.5%, and diluted earnings per share $1.85. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2022.

Revenue

$2.2 billion

+4.0% on the year

FY2015FY2022

Operating margin

8.4%

11.5% a year earlier

FY2015FY2022

Net income

$100 million

-15.5% on the year

FY2015FY2022

Diluted EPS

$1.85

-12.7% on the year

FY2015FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ million	FY2022	FY2021	FY2020	On the year
Revenue	2,172	2,087	1,950	+4.0%
Cost of revenue	1,292	1,137	1,069	+13.6%
Gross profit	879	950	881	-7.4%
Gross margin	40.5%	45.5%	45.2%
Research and development	55.5	57.8	55.3	-4.0%
Operating income	182	240	176	-24.0%
Operating margin	8.4%	11.5%	9.0%
Interest expense	71.4	67.9	61.2	+5.2%
Pre-tax income	124	147	87.3	-15.6%
Income tax	24.6	29.3	19.7	-16.0%
Effective tax rate	19.8%	19.9%	22.6%
Net income	99.5	118	67.6	-15.5%
Net margin	4.6%	5.6%	3.5%
Diluted EPS	$1.85	$2.12	$1.24	-12.7%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2022	FY2021	FY2020	On the year
Operating cash flow	102	229	233	-55.5%
Capital expenditure	56.4	56.8	47.7	-0.7%
Free cash flow	45.6	172	185	-73.5%
Free cash flow margin	2.1%	8.2%	9.5%
Cash from investing	-355	-48.7	-196
Cash from financing	-17.6	-65.4	-18.7
Depreciation and amortisation	89.9	87.1	88.8	+3.2%
Share-based compensation	23.8	27.3	19.2	-12.8%
Buybacks	125	9.2	0.0	+1,262.0%
Dividends paid	32.6	25.6	0.0	+27.3%
Diluted shares, weighted	54m	55m	55m	-2.9%
Shares outstanding at period end	52m	54m	54m	-5.1%

Balance sheet

$ million	FY2022	FY2021	FY2020	On the year
Shareholders' equity	1,467	1,591	1,439	-7.8%
Debt	1,405	1,261	1,259	+11.4%
Operating lease liabilities	41.5	46.9	34.6	-11.5%
Other liabilities	800	776	809	+3.0%
Total liabilities and equity	3,713	3,675	3,541	+1.0%
Fixed assets	346	363	371	-4.7%
Goodwill	1,322	1,163	1,160	+13.7%
Intangible assets	997	906	928	+10.0%
Cash and equivalents	189	479	365	-60.6%
Receivables	137	151	159	-9.2%
Inventory	449	346	314	+30.0%
Other assets	274	267	245	+2.5%
Total assets	3,713	3,675	3,541	+1.0%

10-K for the year ended 30 September 2022, filed 16 November 2022: the filing.