Restructuring Charges (Tables)

6 Months Ended

Mar. 31, 2026

Schedule of Charges Related to Restructuring Activities

The Company has incurred restructuring and related charges as follows:


	Three Months Ended March 31,				Six Months Ended March 31,
	2026		2025		2026		2025
Severance and related costs	$	0.8	$	—	$	1.1	$	0.5
Asset write-off and accelerated depreciation	2.1		0.1		2.1		1.1
Other exit costs (2)	1.5		3.8		3.4		4.7
Total restructuring and related charges (1)(3)	$	4.4	$	3.9	$	6.6	$	6.3

(1) Restructuring and related charges of $0.3 and $0.8 are included within Selling, general and administrative expense (“SG&A”) for the three and six months ended March 31, 2026, respectively. Restructuring and related charges of nil are included within SG&A for the three and six months ended March 31, 2025, respectively.

(2) Includes contract related and personnel costs and certain other exit and disposal activities.

(3) Restructuring and related charges of nil and $0.2 have been included in discontinued operations for the three and six months ended March 31, 2026, respectively. Restructuring and related charges of $0.4 and $0.5 have been included in discontinued operations for the three and six months ended March 31, 2025, respectively. See Note 2, “Discontinued Operations” for additional information.

Consolidation of Mexico Facilities

In fiscal 2024, the Company announced certain operational and organizational steps designed to streamline the Company’s operations and supply chain by consolidating its current Mexico operations in Obregon and Mexico City into a single facility in Aguascalientes, Mexico. As a result of these actions, the Company is anticipating incurring restructuring and related charges of $54 in fiscal 2026 and the consolidation is expected to be completed by the fourth quarter of fiscal 2026.


	Three Months Ended March 31,				Six Months Ended March 31,
	2026		2025		2026		2025
Severance and related benefit costs (1)	$	—	(0.2)		$	(1.2)	(0.5)
Asset write-off and accelerated depreciation	0.6		0.6		1.2		0.6
Other associated exit costs to close and consolidate facilities (4)	15.8		7.9		29.1		10.0
Total restructuring and related charges (2) (3)	$	16.4	$	8.3	$	29.1	$	10.1

(1) Due to natural workforce attrition, the Company recorded an adjustment for the six months ended March 31, 2026 to the severance accrual as of September 30, 2025.

(2) Restructuring and related charges of $8.2 and $12.6 and are included within Cost of products sold for the three and six months ended March 31, 2026, respectively. Restructuring and related charges of nil are included within Cost of products sold for the three and six months ended March 31, 2025.

(3) The Company does not include restructuring and related charges in the results of its reportable segments; however, these charges are related to the Wet Shave segment.

(4) Includes costs to remove and transport inventory; disassemble, transport and reassemble manufacturing equipment; and other idle facility, contract related and personnel costs.

Consolidation of Wet Shave Operations

In fiscal 2026, the Company announced a plan to further consolidate its North America Wet Shave operations. These actions further streamline the Company’s North America Wet Shave operations and supply chain. As a result of these actions, the Company is anticipating incurring restructuring and related charges of $27 in fiscal 2026 and the consolidation is expected to be completed by the fourth quarter of fiscal 2028.


	Three Months Ended March 31,				Six Months Ended March 31,
	2026		2025		2026		2025
Severance and related benefit costs	0.5		—		8.6		—
Asset write-off and accelerated depreciation	0.5		—		1.8		—
Other associated exit costs to close and consolidate facilities (3)	1.2		—		1.2		—
Total restructuring and related charges (1) (2)	$	2.2	$	—	$	11.6	$	—

(1) Restructuring and related charges of $0.5 and $1.8 are included within Cost of products sold for the three and six months ended March 31, 2026.

(2) The Company does not include restructuring and related charges in the results of its reportable segments; however, these charges are related to the Wet Shave segment.

(3) Includes costs to remove and transport inventory; disassemble, transport and reassemble manufacturing equipment; and other idle facility, contract related and personnel costs.

Schedule of Restructuring Activities and Related Accruals

Restructuring Reserves


	Operating Model Redesign		Consolidation of Mexico Facilities		Consolidation of Wet Shave Operations		Total
Severance and related benefit costs








Balance at September 30, 2025	$	2.7	$	13.3	$	—	$	16.0
Charge to income	1.1		(1.2)		8.6		8.5
Cash payments	(2.5)		(5.9)		(0.1)		(8.5)
Non-cash utilization	—		(0.1)		—		(0.1)
Balance at March 31, 2026	1.3		6.1		8.5		15.9

Asset write-off and accelerated depreciation







Balance at September 30, 2025	—		—		—		—
Charge to income	2.1		1.2		1.8		5.1
Non-cash utilization	(2.1)		(1.2)		(1.8)		(5.1)
Balance at March 31, 2026	—		—		—		—

Other associated exit costs to close and consolidate facilities








Balance at September 30, 2025	—		0.7		—		0.7
Charge to income	3.4		29.1		1.2		33.7
Cash payments	(3.4)		(29.8)		(1.2)		(34.4)

Balance at March 31, 2026	—		—		—		—

Total restructuring and related activities accrual	$	1.3	$	6.1	$	8.5	$	15.9