v3.26.1
Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments
18.
Segments

Segment Information

The Company operates three reportable segments: Consumer Domestic, Consumer International and Specialty Products Division. These segments are determined based on differences in the nature of products and organizational structure.

Segment revenues are derived from the sale of the following products:

Segment

 

 

Products

 

Consumer Domestic

 

Household and personal care products

Consumer International

 

Primarily personal care products

SPD

 

Specialty products

The Company also has equity in earnings of affiliates which is not reflected in a reportable segment. As of June 30, 2026, the Company held a 50% ownership interest in Armand Products Company (“Armand”). The Company’s equity in earnings of Armand totaled $2.7 and $2.8 for the three months ended June 30, 2026 and 2025 and $5.0 and $4.4 for the six months ended June 30, 2026 and 2025, respectively.

Our reportable segments comprise the structure used by our Chief Executive Officer, who has been determined to be the Chief Operating Decision Maker (“CODM”) to make key operating decisions and assess performance. The CODM considers Operating Income for evaluating performance of each segment and making decisions about allocating capital and other resources to each segment. Asset information and capital expenditures are not regularly provided to the CODM.

The following tables present financial information relating to the Company’s segments for the three months ended and six months ended June 30, 2026 and 2025. In 2025, we exited the VMS, Flawless, Spinbrush and Waterpik showerhead businesses.

 

 

 

Three Months Ended June 30, 2026

 

 

 

Consumer Domestic

 

 

Consumer International

 

 

SPD

 

 

Consolidating Reclassification(1)

 

 

Total Consolidated

 

Net Sales

 

$

1,155.8

 

 

$

297.5

 

 

$

76.7

 

 

 

-

 

 

$

1,530.0

 

Cost of sales

 

 

615.0

 

 

 

156.3

 

 

 

47.7

 

 

 

17.1

 

 

 

836.1

 

Gross Profit

 

 

540.8

 

 

 

141.2

 

 

 

29.0

 

 

 

(17.1

)

 

 

693.9

 

Marketing expenses

 

 

120.9

 

 

 

43.8

 

 

 

0.6

 

 

 

-

 

 

 

165.3

 

Research and Development(2)

 

 

29.9

 

 

 

3.1

 

 

 

0.9

 

 

 

-

 

 

 

33.9

 

Selling, general and administrative expenses

 

 

166.6

 

 

 

52.7

 

 

 

16.1

 

 

 

(17.1

)

 

 

218.3

 

Income from Operations

 

 

223.4

 

 

 

41.6

 

 

 

11.4

 

 

 

-

 

 

 

276.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2025

 

 

 

Consumer Domestic

 

 

Consumer International

 

 

SPD

 

 

Consolidating Reclassification(1)

 

 

Total Consolidated

 

Net Sales

 

$

1,154.1

 

 

$

277.6

 

 

$

74.6

 

 

 

-

 

 

$

1,506.3

 

Cost of sales(3)

 

 

640.4

 

 

 

156.4

 

 

 

46.3

 

 

 

16.2

 

 

 

859.3

 

Gross Profit

 

 

513.7

 

 

 

121.2

 

 

 

28.3

 

 

 

(16.2

)

 

 

647.0

 

Marketing expenses

 

 

118.0

 

 

 

38.3

 

 

 

0.8

 

 

 

-

 

 

 

157.1

 

Research and Development(2)

 

 

31.8

 

 

 

3.2

 

 

 

0.8

 

 

 

-

 

 

 

35.8

 

Selling, general and administrative expenses(4)

 

 

146.5

 

 

 

47.3

 

 

 

14.8

 

 

 

(16.2

)

 

 

192.4

 

Income from Operations

 

 

217.4

 

 

 

32.4

 

 

 

11.9

 

 

 

-

 

 

 

261.7

 

 

 

 

 

 

Six Months Ended June 30, 2026

 

 

 

Consumer Domestic

 

 

Consumer International

 

 

SPD

 

 

Consolidating Reclassification(1)

 

 

Total Consolidated

 

Net Sales

 

$

2,273.5

 

 

$

571.4

 

 

$

154.4

 

 

 

-

 

 

$

2,999.3

 

Cost of sales

 

 

1,193.2

 

 

 

299.5

 

 

 

96.3

 

 

 

35.0

 

 

 

1,624.0

 

Gross Profit

 

 

1,080.3

 

 

 

271.9

 

 

 

58.1

 

 

 

(35.0

)

 

 

1,375.3

 

Marketing expenses

 

 

225.1

 

 

 

78.4

 

 

 

1.2

 

 

 

-

 

 

 

304.7

 

Research and Development(2)

 

 

57.7

 

 

 

6.1

 

 

 

1.7

 

 

 

-

 

 

 

65.5

 

Selling, general and administrative expenses

 

 

333.9

 

 

 

105.9

 

 

 

32.9

 

 

 

(35.0

)

 

 

437.7

 

Income from Operations

 

 

463.6

 

 

 

81.5

 

 

 

22.3

 

 

 

-

 

 

 

567.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2025

 

 

 

Consumer Domestic

 

 

Consumer International

 

 

SPD

 

 

Consolidating Reclassification(1)

 

 

Total Consolidated

 

Net Sales

 

$

2,283.9

 

 

$

539.5

 

 

$

150.0

 

 

 

-

 

 

$

2,973.4

 

Cost of sales(3)

 

 

1,237.8

 

 

 

303.7

 

 

 

92.7

 

 

 

32.6

 

 

 

1,666.8

 

Gross Profit

 

 

1,046.1

 

 

 

235.8

 

 

 

57.3

 

 

 

(32.6

)

 

 

1,306.6

 

Marketing expenses

 

 

225.7

 

 

 

66.3

 

 

 

1.7

 

 

 

-

 

 

 

293.7

 

Research and Development(2)

 

 

61.0

 

 

 

6.2

 

 

 

1.4

 

 

 

-

 

 

 

68.6

 

Selling, general and administrative expenses(4)

 

 

297.2

 

 

 

93.2

 

 

 

29.5

 

 

 

(32.6

)

 

 

387.3

 

Income from Operations

 

 

462.2

 

 

 

70.1

 

 

 

24.7

 

 

 

-

 

 

 

557.0

 

 

(1)
Reflects the administrative costs of the production planning and logistics functions which are elements of Cost of sales in the Company’s Consolidated Statements of Income but are allocated to the operating segments in SG&A expenses to determine operating segment income before income taxes.
(2)
All costs for Research & Development administration, global compliance, technology support, packaging and sustainability are reported in the Consumer Domestic segment.
(3)
In the second quarter and first six months of 2025, the results include $30.4 of non-cash charges related to impairments of fixed assets, as well as inventory reserves primarily recorded in Consumer Domestic as a result of announcing that we were exiting the Flawless, Spinbrush and Waterpik showerhead businesses.
(4)
In the second quarter and first six months of 2025, the results include $20.6 of non-cash charges related to impairments of intangible assets, primarily recorded in Consumer Domestic as a result of announcing that we were exiting the Flawless, Spinbrush and Waterpik showerhead businesses.

 

Other segment expenses for the three months ended and six months ended June 30, 2026 and 2025 include the following:

 

 

 

Consumer Domestic

 

 

Consumer International

 

 

SPD

 

 

Total Consolidated

 

Depreciation & Amortization

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2026

 

$

55.9

 

 

$

6.4

 

 

$

2.0

 

 

$

64.3

 

Second Quarter 2025

 

 

47.2

 

 

 

6.5

 

 

 

2.9

 

 

 

56.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Six Months of 2026

 

$

109.8

 

 

$

12.5

 

 

$

4.9

 

 

$

127.2

 

First Six Months of 2025

 

 

98.5

 

 

 

13.2

 

 

 

5.8

 

 

 

117.5

 

 

Product line revenues from external customers are as follows. In 2025, we exited the VMS, Flawless, Spinbrush and Waterpik showerhead businesses.

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Household Products

 

$

662.0

 

 

$

650.0

 

 

$

1,303.6

 

 

$

1,264.9

 

Personal Care Products

 

 

493.8

 

 

 

504.1

 

 

 

969.9

 

 

 

1,019.0

 

Total Consumer Domestic

 

 

1,155.8

 

 

 

1,154.1

 

 

 

2,273.5

 

 

 

2,283.9

 

Total Consumer International

 

 

297.5

 

 

 

277.6

 

 

 

571.4

 

 

 

539.5

 

Total SPD

 

 

76.7

 

 

 

74.6

 

 

 

154.4

 

 

 

150.0

 

Total Consolidated Net Sales

 

$

1,530.0

 

 

$

1,506.3

 

 

$

2,999.3

 

 

$

2,973.4

 

 

Household Products include laundry, deodorizing and cleaning products. Personal Care Products include condoms, pregnancy kits, oral care products, skin and hair care products, and cold and remedy products.