🔹 Adj. EPS: $0.49 (Est. $0.42) 🟢; +29% YoY
🔹 Revenue: $1.42B (Est. $1.42B) 🟡; +2.9% YoY
🔹 Gross Margin: +160 bps YoY 🟢
🔹 Operating Income: $209M (vs. $187M YoY)
🔹 Net Income: $105M (vs. $87M YoY)
Q2'25 Guidance:
🔹 Revenue: Flat to +2% YoY (vs. $1.526B in Q2'24)
🔹 EPS: $0.33–$0.38 (vs. $0.37 adj. in Q2'24)
🔸 Guidance includes current tariff impacts
🔸 Excludes ~$0.05 EPS hit from CEO transition
FY25 Guidance:
🔹 Revenue Growth: +1% to +3% YoY
🔹 EPS: $3.25–$3.60 (Est. $3.57) 🟡
🔸 Includes tariffs and $300M in buybacks
🔸 Free cash flow expected: $750M–$850M
Leadership Update:
🔸 Daniel Heaf appointed CEO (effective May 16, 2025)
🔸 Will join the Board post-Annual Meeting
Management Commentary:
🔸 CFO Eva Boratto: “Strong start driven by innovation; navigating trade environment well through U.S.-based supply chain.”
🔸 CEO Daniel Heaf: “We’re well positioned to lead globally in home fragrance and beauty.”