Church & Dwight Co Inc /De/ (NYSE: CHD)

Church & Dwight Co., Inc. (CHD) is a multinational consumer goods corporation that operates in the household and personal care industry. The company, which was established in 1846 and is headquartered in Ewing, New Jersey, develops, manufactures, and markets a broad range of consumer household and personal care products, as well as specialty products focused on animal and food production, chemicals, and cleaners.

CHD's operations are divided into three principal segments: Consumer Domestic, Consumer International, and Specialty Products Division (SPD). The Consumer Domestic segment markets a variety of personal care, household, and over-the-counter products in the United States. The Consumer International segment markets similar products in international markets, including Australia, Canada, France, Germany, Mexico, and the United Kingdom. The SPD segment focuses on sales to businesses and participates in three product areas: Animal and Food Production, Specialty Chemicals, and Specialty Cleaners.

The company's revenue is generated through the sales of a wide array of products, including ARM & HAMMER baking soda, laundry detergent, and cat litter; OXICLEAN stain remover; VITAFUSION and L'IL CRITTERS vitamins; BATISTE dry shampoo; WATERPIK water flossers; THERABREATH oral care products; HERO deodorants; and TROJAN condoms. These products are sold through a broad distribution platform that includes supermarkets, mass merchandisers, wholesale clubs, drugstores, convenience stores, home stores, dollar and other discount stores, pet and other specialty stores, and websites and other e-commerce channels.

In the highly competitive household and personal care industry, CHD competes with major players such as Procter & Gamble Company, The Clorox Company, Colgate-Palmolive Company, S.C. Johnson & Son, Inc., and Nestle Purina PetCare Company. The company's competitive advantages lie in its product innovation and performance, brand recognition, price, value, and other consumer benefits.

CHD's customer base includes Walmart Inc. and its affiliates, which accounted for 23%, 24%, and 24% of CHD's consolidated net sales in the years ended December 31, 2023, 2022, and 2021, respectively. No other customer accounted for 10% or more of CHD's consolidated net sales in the three-year period.

The company's brand names and/or trade names include ARM & HAMMER, OXICLEAN, VITAFUSION, L'IL CRITTERS, BATISTE, WATERPIK, THERABREATH, HERO, TROJAN, FIRST RESPONSE, NAIR, ORAJEL, SPINBRUSH, XTRA, BODYARMOR, ZANTAC, and GUM Brand.

CHD is subject to various government regulations, including those related to food and animal feed products, dietary supplements, medical devices, and cosmetics. The company is also subject to regulations related to the environment, consumer protection, and employment. Despite these regulatory challenges, CHD has a strong focus on diversity, equity, and inclusion, and offers a range of benefits to its employees, including health insurance, retirement and profit-sharing plans, and paid time off.