Church & Dwight to record Q4 non-cash tax charge to earnings of approximately US$0.10/share, reflecting a deferred tax valuation allowance
PRINCETON, New Jersey
January 4, 2012
– Church & Dwight Co., Inc. is exploring strategic options for its Specialty Chemical business in Brazil. The business, which has annual revenues of approximately $40 million, markets sodium bicarbonate, dairy products and other chemicals in Brazil. Due to the limited anticipated future profitability of this business, the Company will incur a non-cash charge to earnings of approximately $0.10 per share in the fourth quarter of 2011, reflecting the establishment of a valuation allowance against deferred tax assets.
Aside from the $0.10 charge, the Company remains confident in its previously announced full year earnings per share estimate for 2011.
Church & Dwight Co., Inc. manufactures and markets a wide range of personal care, household and specialty products under the Arm & Hammer brand name and other well-known trademarks.
© 2017 Business Wire, Inc., All rights reserved.