v3.26.1
Segment Data
 6 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Data Segment Data
The reportable segments are organized based on products and were determined in accordance with how our Chief Executive Officer, who is our chief operating decision maker ("CODM"), develops and executes global strategies to drive growth and profitability. These strategies include global plans for branding and product positioning, technology, research and development programs, cost reductions including supply chain management, and capacity and capital investments for each of these businesses.
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, a combined sales force and management teams. The Company applies a fully allocated cost basis, in which shared business functions are allocated among the segments. Such allocations are estimates and do not represent the costs of such services if performed on a stand-alone basis.
The measure of segment performance utilized by our CODM is segment profit. Segment profit excludes general corporate expenses and overheads; intangible amortization expense; interest and other expense, net; restructuring and related costs, including impairment charges; and 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. The exclusion of such charges from segment results reflects how the CODM monitors and evaluates segment operating performance, generates future operating plans and makes strategic decisions regarding the allocation of capital.
The accounting policies of the segment are the same as those described in the summary of significant accounting policies disclosed in the 2025 Annual Report Form 10-K. Accounting policies have been applied consistently by all segments within the Company for all reporting periods.
Our CODM is not regularly provided and does not use assets by segment to evaluate performance or allocate resources. Therefore, we do not disclose assets by segment.
The primary source of income for each segment is as described below:
•Wet Shave products include razor handles and refillable blades, disposable shave products, and shaving gels and creams.
•Sun and Skin Care consists of sun care products, men’s and women’s grooming products, Billie women’s grooming products and personal wipe products.
See Note 1 and Note 2 for additional information on the divestiture of Feminine Care, a previously reportable segment.
Segment net sales and profitability are presented below:
 Three Months Ended
March 31,		Six Months Ended
March 31,
2026202520262025
Net Sales 
Wet Shave$294.1 $285.5 $585.4 $580.0 
Sun and Skin Care225.4 231.1 356.9 351.7 
Total net sales$519.5 $516.6 $942.3 $931.7 
Cost of Products Sold
Wet Shave$171.6 $151.5 $343.2 $317.7 
Sun and Skin Care119.4 123.5 202.2 197.7 
Total cost of products sold$291.0 $275.0 $545.4 $515.4 
Other operating expenses (1)
Wet Shave$88.8 $87.4 $166.3 $169.1 
Sun and Skin Care58.4 56.8 110.7 106.6 
Total other operating expenses$147.2 $144.2 $277.0 $275.7 
Segment Profit  
Wet Shave$33.7 $46.6 $75.9 $93.2 
Sun and Skin Care47.6 50.8 44.0 47.4 
Total segment profit$81.3 $97.4 $119.9 $140.6 
General corporate and other expenses (2)
$(25.6)$(25.0)$(49.7)$(45.9)
Amortization of intangibles(6.4)(6.4)(12.8)(12.8)
Interest and other expense, net (3)
(10.6)(18.2)(30.6)(39.3)
Restructuring and related charges (4)
(23.0)(11.8)(47.4)(15.9)
Acquisition and integration costs (5)
— — — (0.5)
Sun Care reformulation costs (6)
(1.7)(0.7)(2.7)(1.7)
Legal matters (7)
(4.7)— (5.7)— 
Gain on investment (8)
— — 1.5 0.9 
Commercial realignment (9)
— (3.1)— (3.1)
Other project and related costs (10)
(1.4)(0.8)(1.5)(3.6)
Income (loss) from continuing operations before income taxes$7.9 $31.4 $(29.0)$18.7 
(1)Includes SG&A, A&P and R&D costs, which are not regularly provided to the CODM by segment, but included within the measure of segment profit reviewed by the CODM.
(2)Includes indirect expenses for corporate overhead in both the three and six months ended March 31, 2026 and 2025 previously allocated to Feminine Care segment profit, which remain reported within continuing operations following the divestiture and are not reallocated to the Wet Shave or Sun and Skin Care segments.
(3)Includes $6.7 of pre-tax other income in both the three and six months ended March 31, 2026 for services provided under the TSA . Refer to Note 2 of Notes to Condensed Consolidated Financial Statements.
(4)The Company recorded $23.0 and $11.8 for the three months ended March 31, 2026 and 2025, respectively, and $47.4 and $15.9 for the six months ended March 31, 2026 and 2025, respectively, related to actions to strengthen its operating model and improve manufacturing and supply chain efficiency and productivity. Includes pre-tax SG&A of $0.3 and $0.8 for the three and six months ended March 31, 2026, respectively. Includes pre-tax Cost of products sold of $8.7 and $14.5 for the three and six months ended March 31, 2026, respectively, related to other associated disposal costs and accelerated depreciation of certain assets. See Note 3 of the Notes to Condensed Consolidated Financial Statements.
(5)Includes pre-tax SG&A of $0.5 for the six months ended March 31, 2025 for the acquisition of Billie, Inc. on November 29, 2021.
(6)Includes pre-tax research and development costs of $1.7 and $0.7 for the three months ended March 31, 2026 and 2025, respectively, and $2.7 and $1.7 for the six months ended March 31, 2026 and 2025, respectively, related to the reformulation, recall and destruction of certain Sun Care products.
(7)Includes pre-tax SG&A of $4.7 and $5.7 for the three and six months ended March 31, 2026, respectively, for charges related to legal matters.
(8)Includes pre-tax gain of $1.5 and $0.9 for the six months ended March 31, 2026 and 2025, respectively, on the fair value measurement of equity interests accounted for under the cost method.
(9)Includes pre-tax Cost of products sold of $3.1 during the three and six months ended March 31, 2025, related to a shift in go-to-market strategy and SKU rationalization.
(10)Includes pre-tax SG&A of $1.6 and $1.4 for the three months ended March 31, 2026 and 2025, respectively, and $2.2 and $2.4 for the six months ended March 31, 2026 and 2025, respectively, and Other (income) expense, net of $0.2 and $0.6 for the for the three months ended March 31, 2026 and 2025, respectively, and $0.7 and $1.2 for the six months ended March 31, 2026 and 2025, respectively, related to certain corporate project and other related costs.
Depreciation expense and capital spending by segment were:
 Three Months Ended
March 31,		Six Months Ended
March 31,
2026202520262025
Depreciation and amortization expense 
Wet Shave$10.7 $10.5 $21.1 $20.0 
Sun and Skin Care1.9 3.0 3.4 4.8 
Corporate6.5 4.8 14.6 11.6 
Total depreciation and amortization expense (1)
$19.1 $18.3 $39.1 $36.4 
Capital expenditures 
Wet Shave$8.2 8.116.718.8
Sun and Skin Care5.0 7.4 7.7 12.1 
Total capital expenditures (2)
$13.2 $15.5 $24.4 $30.9 
(1) Nil and $1.3 of Depreciation and amortization expense of the Feminine Care business have been classified as (Loss) earnings from discontinued operations, net of tax for the three and six months ended March 31, 2026, respectively. $3.6 and $7.2 of Depreciation and amortization expense of the Feminine Care business have been classified as (Loss) earnings from discontinued operations, net of tax for the three and six months ended March 31, 2025, respectively. See Note 2, “Discontinued Operations” for additional information.
(2) $0.8 and $1.2 of capital expenditures of the Feminine Care business have been classified as (Loss) earnings from discontinued operations, net of tax for the three and six months ended March 31, 2026, respectively. $1.6 and $3.0 of capital expenditures of the Feminine Care business have been classified as (Loss) earnings from discontinued operations, net of tax for the three and six months ended March 31, 2025, respectively. See Note 2, “Discontinued Operations” for additional information.
The following table presents the Company’s net sales by geographic area:
Three Months Ended
March 31,		Six Months Ended
March 31,
2026202520262025
Net Sales to Customers
United States$266.2 $280.8 $458.1 $468.3 
International253.3 235.8 484.2 463.4 
Total net sales$519.5 $516.6 $942.3 $931.7 

Supplemental product information is presented below for net sales:
Three Months Ended
March 31,		Six Months Ended
March 31,
 2026202520262025
Razors and blades$270.3 $259.0 $529.3 $526.4 
Sun care products154.4 164.2 211.6 211.6 
Grooming products52.5 48.8 109.8 101.8 
Wipes and other skin care18.5 18.1 35.5 38.3 
Shaving gels and creams23.8 26.5 56.1 53.6 
Total net sales$519.5 $516.6 $942.3 $931.7