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EPC Power's Intelligent Power Conversion Solutions Directly Address the Fundamental Challenges of an Aging U.S. Power Grid Supporting the Energy Demand Supercycle and the AI Era

, /PRNewswire/ -- EPC Power Corp. ("EPC Power"), a leading North American designer and manufacturer of high-performance, software-defined power conversion solutions for data centers, utility-scale energy storage, and microgrids, today announced it has entered into a definitive agreement to be acquired by Flex (NASDAQ: FLEX) for $4.4 billion. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals, and is expected to close in the fourth quarter of 2026. Building on the two companies' existing collaboration, EPC Power will become, upon closing, a business within Flex's Cloud and Power Infrastructure segment.

The transaction brings EPC Power's differentiated power conversion technology platform to Flex's broad portfolio of power and thermal management technologies for mission-critical applications. EPC Power's next-generation 800-volt data center power architectures, including digital rectifiers and solid-state transformers, enable more efficient power delivery for higher-density AI infrastructure and extend leadership with Flex into an integrated grid-to-chip portfolio. The combined company is positioned to help solve one of the most pressing challenges facing the technology and energy industries today: delivering the fast, resilient and secure power that AI data centers need while supporting stable grid operations amid a generational surge in power demand.

"What we accomplished over the last four years demonstrates the power of strong partnerships and a shared commitment to innovation. Together with Goldman Sachs Alternatives and Cleanhill Partners, EPC Power emerged as a U.S. technology leader in power conversion solutions that enable the next generation of data centers, AI computing, and grid modernization. We expanded our domestic manufacturing footprint nearly tenfold, strengthening America's industrial base and reinforcing the critical role of U.S. innovation in powering the future economy. This is only the beginning of what EPC Power can accomplish," said Jim Fusaro, Chief Executive Officer of EPC Power.

"This is a landmark moment for EPC Power and every colleague who helped build this company. When we founded EPC Power, we set out to solve the hardest problems in power electronics, and our partnership with Goldman Sachs Alternatives and Cleanhill Partners enabled us to solve those problems for mission-critical infrastructure globally," added Devin Dilley, Co-Founder, President and Chief Innovation Officer of EPC Power.

Solving the Binding Constraint on AI Infrastructure

Power availability has become the gating factor for data center growth. As AI workloads drive unprecedented increases in power density, resilience and control requirements, operators must address speed-to-power and load volatility, where the rapid, large-swing power draw of AI training and inference clusters can destabilize the local grid.

EPC Power's technology is purpose-built for these conditions. The company's solutions, including its Agile Grid Forming™ technology, deliver performance and reliability that enables on-site energy storage, microgrid and grid-support configurations for data centers, which allow operators to energize capacity faster and ride through grid instability. Grid operators and utilities benefit from stronger reliability and power quality across their networks.

"We are immensely proud of our partnership with Jim, Devin and the EPC Power team that saw the company launch new product platforms, increase domestic U.S. manufacturing and partner with customers to solve novel challenges in AI power architecture. EPC Power plays a critical role in supporting grid reliability and speed to power during a period of growing concerns around energy security. We wish Flex and the EPC team continued success during their stage of growth," said Alexander Mass, Global Co-Head of Energy Transition Investing within Private Equity at Goldman Sachs Alternatives.

"As grid resilience and data center power demand have converged into one of the defining challenges of the next decade, it has been a privilege to support EPC Power's operational and commercial scale-up into a global platform positioned at the center of those megatrends," added Eddie Sigman, Investor within Private Equity at Goldman Sachs Alternatives.

"We first invested in EPC Power in 2021 because we believed power conversion would become a critical enabling technology as renewable generation, grid modernization and digital infrastructure converged. That conviction came well before the extraordinary growth in power demand driven by AI. Since then, we have had the privilege of working closely with Jim, Devin and the EPC team as the company grew, expanded its U.S. manufacturing footprint and created high-quality jobs in the U.S. We are proud to have supported EPC from an early stage and, in its next phase, alongside Goldman Sachs Alternatives as the business entered a new period of growth. Seeing what the team has built over the past five years has been incredibly rewarding, and we believe Flex is the right partner for EPC's next chapter," said Ash Upadhyaya and Rakesh Wilson, Managing Partners at Cleanhill Partners.

Goldman Sachs & Co. LLC. and J.P. Morgan Securities LLC served as financial advisors, and Vinson & Elkins LLP served as legal counsel, to EPC Power and its controlling shareholders Goldman Sachs Alternatives and Cleanhill Partners.

About EPC Power

EPC Power Corp. (EPC Power) is a power solutions platform that develops high-performance power conversion systems for mission-critical applications, including data centers, utility-scale energy storage, and microgrids. EPC Power's solutions are designed to deliver reliable, resilient, and secure energy for demanding applications, including AI-driven workloads and grid stability use cases supported by EPC Power's Agile Grid Forming™ technology. Visit EPCPower.com for more information.

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex's intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources 

About Private Equity at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $706 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, venture capital, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has more than $4.0 trillion in assets under supervision globally as of June 30, 2026.

Established in 1986, Private Equity at Goldman Sachs Alternatives has invested over $75 billion since inception. The business combines a global network of relationships, unique insight across markets, industries and regions, and the worldwide resources of Goldman Sachs to build businesses and accelerate value creation across its portfolios.

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About Cleanhill Partners

Cleanhill Partners is a private equity firm focused on energy transition and digital infrastructure. The firm invests in companies across power generation, energy storage, grid modernization, domestic manufacturing and related technologies that support the growing demand for reliable power.

Cleanhill works closely with management teams to help companies scale and build long-term value. The firm is led by investors and operators with more than two decades of experience across. For more information, visit www.cleanhillpartners.com.

SOURCE EPC Power

, /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced that it will participate in a fireside chat at the Barclays 19th Annual Global Consumer Conference in Boston on Thursday, September 10, 2026, at 11:15 A.M. ET. Rod Little, President and Chief Executive Officer and Fran Weissman, Chief Financial Officer, will be presenting for Edgewell. 

All interested parties may access a live webcast of these events at www.edgewell.com, under "Investors," and "News and Events" tabs or by using the following link:  

http://ir.edgewell.com/news-and-events/events.

For those unable to participate during the live webcast, a replay will be available at www.edgewell.com.

About Edgewell Personal Care:

Edgewell is a leading pure-play consumer products company with an attractive, diversified portfolio of established brand names such as Schick® and Wilkinson Sword® men's shaving products; Schick® and Billie® women's shaving products; Edge® and Skintimate® shave preparations; Banana Boat®, Hawaiian Tropic®, Bulldog®, Jack Black® and Cremo® sun and skin care products; and Wet Ones® moist wipes.  The Company has a broad global footprint and operates in more than 50 markets, including the U.S., Canada, Mexico, Germany, Japan, the U.K. and Australia, with approximately 6,200 employees worldwide. 

SOURCE Edgewell Personal Care Company

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Bank of America Corp DE raised its position in Edgewell Personal Care Company (NYSE:EPC – Free Report) by 176.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,344 shares of the company’s stock after purchasing an additional 166,204 shares during the quarter. Bank of America Corp DE owned 0.56% of Edgewell Personal Care worth $5,556,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Edgewell Personal Care by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,564 shares of the company’s stock valued at $891,000 after buying an additional 931 shares during the period. Woodline Partners LP purchased a new position in Edgewell Personal Care during the 1st quarter valued at about $2,655,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Edgewell Personal Care by 16.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,127 shares of the company’s stock valued at $3,656,000 after acquiring an additional 16,285 shares in the last quarter. Jane Street Group LLC increased its stake in Edgewell Personal Care by 80.6% during the first quarter. Jane Street Group LLC now owns 81,179 shares of the company’s stock worth $2,534,000 after purchasing an additional 36,239 shares during the period. Finally, Norges Bank purchased a new stake in Edgewell Personal Care during the second quarter worth about $214,000. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes Several research analysts have recently commented on EPC shares. Royal Bank Of Canada raised their price objective on shares of Edgewell Personal Care from $26.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their target price on shares of Edgewell Personal Care from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. UBS Group raised their price target on shares of Edgewell Personal Care from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Barclays boosted their price target on shares of Edgewell Personal Care from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $31.00 price objective on Edgewell Personal Care in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.83.

View Our Latest Analysis on EPC Edgewell Personal Care Trading Up 0.2% Shares of NYSE:EPC opened at $28.69 on Friday. Edgewell Personal Care Company has a 52 week low of $15.73 and a 52 week high of $29.95. The company’s 50 day moving average is $27.57 and its two-hundred day moving average is $23.18. The company has a market cap of $1.32 billion, a PE ratio of -14.35 and a beta of 0.39. The company has a current ratio of 1.84, a quick ratio of 1.12 and a debt-to-equity ratio of 0.85.

Edgewell Personal Care (NYSE:EPC – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.08. The business had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $574.87 million. Edgewell Personal Care had a negative net margin of 4.55% and a positive return on equity of 5.76%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. Edgewell Personal Care has set its FY 2026 guidance at 1.800-2.000 EPS. Equities analysts predict that Edgewell Personal Care Company will post 1.94 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 9th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Edgewell Personal Care’s dividend payout ratio is presently -30.00%.

(Free Report)

Edgewell Personal Care Inc, incorporated in 2015 and headquartered in Shelton, Connecticut, is a global consumer products company specializing in personal care, sun care, shaving and feminine care solutions. The company emerged as a spin-off from Energizer Holdings’ personal care division, listing its shares on the New York Stock Exchange under the ticker “EPC.” Edgewell’s portfolio comprises well-known brands that cater to everyday personal grooming and protection needs.

In the shaving segment, Edgewell markets razors and refill blades under brands such as Schick and Wilkinson Sword, targeting both men’s and women’s grooming categories.

See Also Five stocks we like better than Edgewell Personal Care Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far? Want to see what other hedge funds are holding EPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edgewell Personal Care Company (NYSE:EPC – Free Report).

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Key Takeaways Argan says $2B in annual revenues is achievable as execution capacity stays near 10-12 simultaneous jobs.Argan has eight power projects underway and expects more over the next 10-18 months as contract values rise.Argan's Q1 FY27 revenues rose 50.2% to $291M, led by increased activity on recently awarded Power jobs. Argan, Inc.’s (AGX - Free Report) path toward $2 billion in annual revenues may depend less on adding more projects and more on the rising value of each EPC contract. On the first quarter of fiscal 2027 earnings call, management noted that inflation, market conditions and higher project costs are making individual builds larger from both a revenue and cost perspective. Management said Argan’s current execution capacity remains roughly 10 to 12 simultaneous jobs, while affirming that $2 billion in annual revenues is achievable over time as the platform expands.

That distinction is important because Argan may not need to double its project count to approach the $2 billion mark. The company currently has eight power projects underway — six thermal and two renewable — and expects to add more over the next 10 to 18 months. At the same time, management is expanding its workforce cautiously, emphasizing that hiring and training employees to Argan’s execution standards takes time. While capacity remains a constraint, larger contract values could allow revenue to grow faster than the number of projects.

Argan’s existing portfolio already reflects the shift toward larger-scale work. Major gas-fired projects include the 1,350 MW CPV Basin Ranch Energy Center, the 1,200 MW Sandow Lakes Power Station, an 860 MW Texas thermal project and an approximately 700 MW combined-cycle project. Together, the company’s four U.S. gas-fired projects represent more than 4.1 GW of generating capacity. This ramp is already lifting results: revenues in the first quarter of fiscal 2027 rose 50.2% to $291 million from $193.7 million, driven largely by increased construction activity on recently awarded Power contracts. The Power segment contributed $227 million, or 78% of total revenues.

The key uncertainty is timing rather than demand. Management expects a handful of additional projects over the next 10 to 18 months, although awards depend on permits, equipment availability, financing and other development milestones. If those additions are increasingly gigawatt-scale and carry larger EPC values, they could accelerate Argan’s progress toward $2 billion in annual revenues, making the pace of new awards and project ramps critical factors to watch.

How Argan Compares With Larger Infrastructure ContractorsAs Argan pursues larger EPC opportunities, it competes in an infrastructure market that also includes much larger firms such as Jacobs Solutions Inc. (J - Free Report) and EMCOR Group, Inc. (EME - Free Report) . Unlike these diversified contractors, Argan remains more concentrated on power-generation EPC projects, which gives it greater exposure to the economics of large gas-fired builds.

Jacobs is benefiting from larger, more complex AI and infrastructure programs. During the third quarter of fiscal 2026, backlog rose 27% year over year to a record $29 billion, while Infrastructure & Advanced Facilities net revenues reached nearly $2.1 billion. Jacobs also won a sole-source EPCM contract for Hut 8’s 1 GW Beacon Point AI data center campus, while management said its data center backlog has roughly doubled and its pipeline has tripled.

EMCOR is seeing a similar benefit from larger mission-critical projects. Second-quarter 2026 revenues rose 19.8% to $5.15 billion, while remaining performance obligations increased 44% to a record $17.14 billion. Management also noted that AI data center projects are becoming larger and more complex, increasing revenue intensity per project.

For Argan, that trend supports the idea that bigger EPC awards could accelerate revenue growth without requiring a proportional increase in project count.

AGX Stock’s Price Performance & Valuation TrendShares of this global provider of consulting services of engineering, procurement and construction have surged 85.5% year to date, outperforming the Zacks Building Products - Miscellaneous industry, the broader Construction sector and the S&P 500 Index.

AGX YTD Share Price Performance

Image Source: Zacks Investment Research

AGX stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 39.46, as evidenced by the chart below.

AGX’s P/E Ratio (Forward 12-Month) vs. Industry

Image Source: Zacks Investment Research

Earnings Estimate Revision of AGX

AGX’s earnings estimates for fiscal 2027 and 2028 have remained unchanged in the past 60 days. The revised estimates for fiscal 2027 and 2028 imply year-over-year growth of 38% and 29.4%, respectively.

Image Source: Zacks Investment Research

Partnership combines Energy Vault's FEOC-compliant BESS, grid-forming PCS, and AI infrastructure control software with partner’s turnkey power generation, Caterpillar gensets and EPC capabilities

Reference architecture delivers firm grid-independent power, essential grid stabilization and load balancing to deliver modular, scalable, gigawatt-scale AI campuses with "always-on" availability

Second strategic framework agreement together advances Energy Vault's AI infrastructure strategy and establishes a repeatable “speed-to-power” deployment platform

Initial 1.25 GW is backed by a hyperscaler customer contract for deployment in Texas

Energy Vault expects a revenue impact of ~$500 - $600 million in 2H 2026 and 2027, which will be discussed during the upcoming earnings call on August 11, 2026

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a global leader in sustainable energy infrastructure, today announced the execution of a strategic commercial agreement under which Energy Vault will supply battery energy storage systems ("BESS"), grid-forming power conversion systems and AI infrastructure control software to support an initial deployment totaling 1.25 gigawatts ("GW") of integrated power infrastructure for hyperscaler AI data centers.

The agreement establishes a repeatable AI power infrastructure platform that combines dispatchable power generation, intelligent battery energy storage, grid-forming inverter systems, advanced AI infrastructure controls software and turnkey EPC and plant integration into a single integrated solution designed specifically for hyperscaler AI data centers and high-performance computing campuses.

The companies will jointly deploy fully integrated, off-grid power systems capable of bringing AI compute capacity online significantly faster than traditional utility interconnection schedules while providing the reliability, resiliency and operational flexibility required by next-generation AI workloads.

Initial deployments are expected over the next four to twelve months, supporting an accelerated speed-to-power schedule that is not dependent on traditional utility interconnection timelines.

As hyperscaler AI infrastructure continues to expand globally, developers increasingly require complete power infrastructure platforms rather than individual technologies. AI computing loads can change rapidly as GPU clusters ramp up and down, creating demanding transient, voltage, frequency and power-quality requirements that generation assets alone may not efficiently manage.

The integrated solution has been specifically designed to address these requirements through a fully integrated architecture that intelligently coordinates generation, energy storage and site-wide electrical infrastructure in real time. The solution is designed to support FEOC-compliant deployments while providing a repeatable reference architecture for integrated digital control, power distribution, grid stabilization and active load optimization.

Unlike traditional deployments where individual assets operate independently, the integrated platform continuously orchestrates and optimizes the generation, battery storage, power conversion, redundancy systems and electrical infrastructure as a single intelligent power plant.

Energy Vault's AI infrastructure controls software functions as a mission-critical operating system for the site's power infrastructure, dynamically balancing power flows, maintaining voltage and frequency stability, minimizing generator cycling, improving fuel efficiency and ensuring the rapid response required by highly dynamic AI compute environments.

The modular architecture also enables customers to deploy AI infrastructure ahead of permanent grid interconnection, while providing the flexibility to integrate utility power, renewable generation and additional distributed energy resources as campus requirements expand.

The national turnkey power generation engineering, procurement and construction ("EPC") contractor contributes decades of experience delivering complex generation projects across natural gas reciprocating engines, gas turbines, diesel generation, solar PV and emerging hydrogen technologies. Energy Vault complements these capabilities with one of the industry's broadest portfolios of utility-scale battery energy storage systems, intelligent energy management software and hybrid power plant integration expertise developed across projects worldwide.

"Artificial intelligence is fundamentally changing how critical power infrastructure is designed, deployed and operated," said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault. "Customers are no longer procuring individual technologies—they require integrated power infrastructure capable of delivering reliable, always-on electricity at unprecedented speed and scale. With this agreement we have created a highly differentiated platform that combines industry-leading power generation, intelligent energy storage and advanced power plant software into a single integrated solution purpose-built for AI infrastructure.

"As our largest single contract executed to date, this milestone agreement represents another important step in Energy Vault's strategic evolution from an energy storage technology pioneer into an integrated energy infrastructure provider. More importantly, it establishes a repeatable commercial platform that we believe can support substantial future expansion as hyperscaler AI infrastructure investments continue to accelerate globally."

A senior executive at Energy Vault’s strategic power infrastructure partner commented, "Energy Vault's BESS, grid-forming technology and software platform are central to this solution. By integrating those systems into our modular plant design, we can bring large blocks of dependable power online quickly while maintaining the performance, scalability and flexibility that hyperscale campuses require."

The companies intend to jointly pursue additional hyperscaler, neocloud and AI infrastructure opportunities in markets where constrained grid capacity, extended utility interconnection timelines and increasing electricity demand are driving the need for rapidly deployable behind-the-meter and bridge-power solutions. The partnership is designed as a scalable commercial platform capable of supporting significant future expansion beyond the initial contracted deployment.

About Energy Vault

Energy Vault® develops, deploys and operates utility-scale energy storage solutions designed to transform the world’s approach to sustainable energy storage. The Company’s comprehensive offerings include proprietary battery, gravity and green hydrogen energy storage technologies supporting a variety of customer use cases delivering safe and reliable energy system dispatching and optimization. Each storage solution is supported by the Company’s technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short, long and multi-day/ultra-long duration energy storage solutions to help utilities, independent power producers, large industrial energy users, and AI/cloud infrastructure companies significantly reduce levelized energy costs while maintaining power reliability. Please visit www.energyvault.com for more information.

Forward-Looking Statements

This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “contemplate,” “continue,” “suggest,” “plan,” “potential,” “predict,” “believe,” “intend,” “project,” “forecast,” “estimate,” “target,” “project,” “projections,” “should,” “target,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, expected monetization of tax credits, expected financings, projected costs, prospects and plans; the uncertainty of our awards, bookings, backlog and developed pipeline equating to future revenue; our ability to successfully provide AI power infrastructure and secure additional AI power infrastructure work; the lack of assurance that non-binding letters of intent and other indications of interest can result in binding financings, orders or sales; the possibility of our products or services to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the impact of macroeconomic uncertainty, including with respect to uncertainty about the future relationship between the United States and other countries with respect to trade policies and tariffs; changes in tax laws and government regulations and the impact of those changes on us, including as a result of the One Big Beautiful Bill Act and its changes to the Internal Revenue Code of 1986, as amended and the clean-energy tax credits established under the Inflation Reduction Act of 2022; investment in development projects that may not achieve commercial operations in our predicted timeframe or at all; our efforts to diversify our supply chain to lessen the impact of tariffs; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; our future capital requirements and sources and uses of cash; developments in U.S. and global trade policy; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; and our business, expansion plans and opportunities, including our expansion into owned and operated projects; and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 18, 2026, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.

More News From Energy Vault Holdings, Inc.

Edgewell Personal Care Company (EPC) Q3 2026 Earnings Call Transcript

Organic Net Sales Returned to Growth; North America Performance Improved Meaningfully

Adjusted EPS and Adjusted EBITDA Exceeded Expectations

Full Year Outlook Narrowed; Mid-points for Adjusted EPS and Adjusted EBITDA Remain Unchanged

, /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced results for its third fiscal quarter 2026 ended June 30, 2026. 

Executive Summary

Third quarter net sales were $570.1 million, an increase of 1.7% compared to the prior year quarter. Organic net sales increased 1.1%. (Organic basis excludes the impact from currency movements.) GAAP Diluted net Earnings Per Share ("EPS") were $0.26, compared to $0.46 in the prior year quarter. Adjusted EPS were $0.72 for the quarter, compared to $0.72 in the prior year quarter. Ended the third quarter with $397.1 million in cash on hand, access to an additional $418.8 million under the Company's U.S. revolving credit facility available. Returned $7.0 million to shareholders in the form of dividends in the third quarter. The Board of Directors declared a cash dividend of $0.15 per common share on August 5, 2026, for the third quarter. "Our third quarter results represent an important step forward in our fiscal 2026 progression, with organic net sales returning to growth, meaningful improvement in North America, and adjusted EPS and adjusted EBITDA ahead of expectations," said Rod Little, Edgewell's President and Chief Executive Officer. "At the beginning of the year, we anticipated that fiscal 2026 would be a back-half story, and based on our current outlook, we remain on track to deliver on that commitment. Our priority brands continue to gain traction, and we believe that the investments we have made are strengthening our capabilities and improving business performance. We are increasingly confident in the trajectory of the business and the foundation we are building for future growth and value creation."

Unless otherwise noted, reported results in this release are based on continuing operations and exclude the Feminine Care business which is treated as discontinued operations. The Company reports and forecasts results on a GAAP and non-GAAP basis and has reconciled non-GAAP results and outlook to the most directly comparable GAAP measures later in this release. See non-GAAP Financial Measures for a more detailed explanation, including definitions of various non-GAAP terms used in this release. All comparisons used in this release are for the same period in the prior fiscal year unless otherwise stated.

Fiscal 3Q 2026 Operating Results (Unaudited)

Net sales were $570.1 million in the quarter, an increase of $9.7 million, or 1.7%, including a $3.6 million, or 0.6% favorable impact from currency movements. Organic net sales increased $6.1 million, or 1.1%, reflecting a return to growth in North America, partially offset by lower sales in international markets. North America organic sales increased 3.0%, driven by volume growth across Sun, Skin Care and Grooming, reflecting improving execution, increased distribution and continued strength across several of the Company's priority brands. International organic sales declined 1.4%, primarily reflecting temporary disruption associated with the conflict in the Middle East and short-term supply chain impacts related to the Company's Wet Shave manufacturing consolidation, partially offset by growth in Grooming and several key international markets.

Gross profit was $242.5 million, as compared to $250.1 million in the prior year quarter. Gross margin as a percent of net sales was 42.5%,a decrease of 210-basis points. Adjusted gross margin as a percent of net sales decreased 30-basis points, to 44.5% in the quarter. Productivity savings of approximately 200-basis points and 40-basis points of favorable currency movements were more than offset by 160-basis points of core inflation and net tariffs and 110-basis points of unfavorable mix and promotional levels (net of pricing).

Advertising and sales promotion expense ("A&P") was $83.2 million, or 14.6% of net sales, an increase of $7.2 million, compared to $76.0 million, or 13.6% of net sales in the prior year quarter.     

Selling, general and administrative expense ("SG&A") was $108.3 million, or 19.0% of net sales, as compared to $100.7 million, or 18.0% of net sales in the prior year quarter. Adjusted SG&A was 18.4% of net sales, compared to 17.6% in the prior year quarter which was primarily driven by higher incentive compensation expense and unfavorable currency impacts in the current year, partly offset by lower people and consulting expenses.  

The Company recorded pre-tax restructuring and related costs in support of cost efficiency and effectiveness programs of $24.5 million in the quarter.

Operating income was $25.0 million, or 4.4% of net sales, inclusive of a $2.6 million, or 40-basis points impact from favorable currency movements, compared to income of $45.0 million, or 8.0% of net sales in the prior year quarter. Adjusted operating income was $53.0 million, or 9.3% of net sales, compared to $63.6 million, or 11.3% of net sales in the prior year quarter.

Interest expense associated with debt was $16.7 million, compared to $19.4 million in the prior year quarter. The decrease in interest expense was the result of lower borrowing levels on the Company's U.S. revolving credit facility due to the paydown of the facility with the proceeds of the Feminine Care divestiture.

Other (income) expense, net was income of $9.7 million compared to income of $2.9 million in the prior year quarter. The current year quarter included $7.7 million of Transition Services Agreement ("TSA") income. Additionally, the prior year quarter included $2.7 million of other project gains. Currency hedge and remeasurements gains were $0.6 million in the current quarter, compared to a gain of $1.1 million in the prior year quarter. Adjusted other (income) expense, net was income of $9.7 million compared to income of $0.2 million in the prior year quarter.

The effective tax rate for the first nine months of fiscal 2026 was (17.0)% compared to 31.7% in the prior year period. The current year period reflects a tax expense on a loss. The fiscal 2026 effective tax rate reflects more favorable discrete and unusual items compared to fiscal 2025. The adjusted effective tax rate for the first nine months of fiscal 2026 was 26.3%, compared to 28.8%. from the prior year period.

GAAP net earnings from continuing operations was income of $12.3 million or $0.26 per diluted share compared to income of $21.5 million or $0.46 per diluted share in the prior year quarter. Adjusted net earnings from continuing operations were $33.5 million or $0.72 per share, inclusive of a $0.04 favorable currency impact, compared to $33.6 million or $0.72 per share in the prior year quarter. Adjusted EBITDA was $78.9 million, inclusive of a $2.1 million favorable currency impact, compared to $81.2 million in the prior year quarter. 

Net cash provided by operating activities on a consolidated basis, inclusive of continuing and discontinued operations was $47.1 million for the nine months ended June 30, 2026, compared to $44.3 million in the prior year period. The increase in cash provided by operating activities was largely driven by changes in net working capital. The third quarter ended with $397.1 million in cash on hand, access to $418.8 million under the Company's U.S. revolving credit facility and an adjusted net debt leverage ratio of 3.7x. The adjusted net debt leverage ratio reflects the trailing 12 month continuing operations EBITDA as well as the cash impact from temporary working capital and other items related to the Feminine Care divestiture.

Capital Allocation

On August 5, 2026, the Board of Directors declared a quarterly cash dividend of $0.15 per common share for the third fiscal quarter of fiscal 2026. The dividend will be payable on October 8, 2026 to shareholders of record at the close of business on September 9, 2026.  During the third quarter of fiscal 2026, the Company paid dividends totaling $7.0 million to stockholders. As of June 30, 2026, the Company had approximately $85 million available for share repurchase in the future under the Board's 2025 authorization.

Fiscal 3Q 2026 Operating Segment Results (Unaudited)

Wet Shave (Men's Systems, Women's Systems, Disposables, and Shave Preps)

Net sales decreased $4.2 million, or 1.3%. Organic net sales decreased $6.1 million or 1.9%, as growth in the branded business was more than offset by lower Private Label sales, related to temporary supply constraints in North America and certain international markets. Segment profit decreased $9.2 million, or 20.9%. Organic segment profit, excluding the favorable impact from currency, decreased $10.9 million, or 24.7%, driven by higher SG&A and marketing expenses. 

Sun and Skin Care (Sun Care, Men's and Women's Grooming Products, and Wet Ones)

Net sales increased $13.9 million, or 5.7%. Organic net sales increased $12.2 million, or 5.0%, driven by mid-single digit growth in Sun Care in North America and strong global Grooming and Skin Care performance, partly offset by Sun Care declines in international markets. Segment profit increased $0.2 million, or 0.4%, including a favorable impact from foreign currency of $0.9 million, or 2.0%. Organic segment profit decreased $0.7 million, or 1.6%, driven by higher marketing and SG&A expenses, partially offset by higher gross profit.

Full Fiscal Year 2026 Financial Outlook

The Company is providing the following outlook assumptions for fiscal 2026. Unless otherwise stated, this outlook is presented on a continuing-operations basis and excludes the results of the Feminine Care business, which is reported as discontinued operations.

The Company's underlying expectations for fiscal 2026 remain intact, including stronger fourth quarter performance and adjusted EPS and adjusted EBITDA that are in line with prior expectations.

Reported net sales are now expected to increase in the range of approximately 1.3% to 1.8% (previously increase 0.8% to 3.8%) Includes an estimated 130-basis point positive impact from foreign currency changes (previously 180-basis point positive impact) Organic net sales are expected to be in the range of a flat to 0.5% (previously in the range of 1.0% decrease to a 2.0% increase) GAAP EPS is expected to be in the range of flat to $0.20 (previously flat to $0.40). Includes: Restructuring and related costs*, Sun Care reformulation, Legal matters, and Other costs Adjusted EPS is expected to be in the range of $1.80 to $2.00 (previously $1.70 to $2.10) Adjusted gross margin is expected to increase approximately 20-basis points (previously increase 50-basis points). Adjusted operating margin is expected to decrease approximately 80-basis points (previously decrease 60-basis points), reflecting 70-basis points from higher A&P investment and 30-basis points from increased SG&A expense Adjusted EBITDA is expected to be in the range of $250 to $260 million (previously $245 to $265 million) Other income/expense, net is expected to be approximately $26 million income, (previously $21 million income) Interest expense associated with debt is expected to be approximately $70 million Adjusted effective tax rate is expected to be approximately 22% to 23% Capital expenditures are expected to be in the range of approximately 3.0% to 3.5% of net sales Adjusted free cash flow is expected to be approximately $80 to $110 million Adjusted net debt leverage is expected to be approximately in the range of 3.3x to 3.4x at fiscal year end (previously in the range of 3.3x to 3.5x) As previously discussed, in fiscal 2026, the Company is taking specific actions to strengthen its operating model, simplify the organization and improve manufacturing and supply chain efficiency through restructuring and repositioning actions, including the further consolidation of Wet Shave operations. As a result of these actions, the Company expects to incur pre-tax charges of approximately $92 million (previously $90 million) for the full fiscal year.

Webcast Information

In conjunction with this announcement, the Company will hold an investor conference call beginning at 8:00 a.m. Eastern Time today, August 5, 2026. All interested parties may access a live webcast of this conference call at www.edgewell.com, under the "Investors," and "News and Events" tabs or by using the following link:  http://ir.edgewell.com/news-and-events/events

Refer to Supplemental Slides for fiscal year 2025 quarterly recast adjusted EBITDA reconciliation for continuing operations at www.edgewell.com, under the "Investors," and "News and Events" tabs or by using the following link http://ir.edgewell.com/news-and-events/events for historical financial information related to Company's divestiture of its Feminine Care business consistent with the continuing operations structure.

For those unable to participate during the live webcast, a re-play will be available on www.edgewell.com, under the "Investors," "Financial Reports," and "Quarterly Earnings" tabs. This release includes references to the Company's website and references to additional information and materials found on its website. The Company's website and such information and materials are not incorporated by reference in, and are not part of, this release.

About Edgewell

Edgewell is a leading pure-play consumer products company with an attractive, diversified portfolio of established brand names such as Schick®, Wilkinson Sword® and Billie® men's and women's shaving systems and disposable razors; Edge and Skintimate® shave preparations; Banana Boat®, Hawaiian Tropic®, Bulldog®,  Jack Black®, and CREMO® sun and skin care products; and Wet Ones® products. The Company has a broad global footprint and operates in more than 50 markets, including the U.S., Canada, Mexico, Germany, Japan, the U.K. and Australia, with approximately 6,200 employees worldwide.

Forward-Looking Statements. This document contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. These forward-looking statements include, but are not limited to, statements concerning our expectations regarding our future results of operations and financial condition; including business trajectory and performance improvement; future growth and value creation; our capital allocation plans; impacts from the divestiture of our Feminine Care segment; the effects of macroeconomic factors such as changes in tariffs and inflationary pressures; and conflicts or acts of war (such as the conflict in the Middle East). Additional forward-looking statements can generally be identified by the use of words or phrases such as "believe," "expect," "expectation," "anticipate," "may," "could," "intend," "belief," "estimate," "plan," "target," "predict," "likely," "will," "should," "forecast," "outlook," or other similar words or phrases. These statements are not based on historical facts, but instead reflect the Company's expectations, estimates or projections concerning future results or events, including, without limitation, the future earnings and performance of Edgewell or any of its businesses. Many factors outside our control could affect the realization of these estimates. These statements are not guarantees of performance and are inherently subject to known and unknown risks, uncertainties and assumptions that are difficult to predict and could cause the Company's actual results to differ materially from those indicated by those statements. The Company cannot assure you that any of its expectations, estimates or projections will be achieved. The forward-looking statements included in this document are only made as of the date of this document and the Company disclaims any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. You should not place undue reliance on these statements.

Factors that could cause fluctuations in our actual results include, but are not limited to, the following: our ability to compete in products and prices, as well as costs, in an intensely competitive industry; the loss of any of our principal customers or changes in the policies of our principal customers; our inability to design and execute a successful omnichannel strategy; our ability to attract, retain and develop key personnel; fluctuations in the price and supply of raw materials and costs of labor, warehousing and transportation; the impact of seasonal volatility on our sales, financial performance, working capital requirements and cash flow; the ability to successfully manage evolving global financial risks, including tariffs, foreign currency fluctuations, currency exchange or pricing controls and localized volatility; the ability to manage disruption of business due to various factors, including ones outside of our control, such as natural disasters, conflicts or acts of war (such as the conflict in the Middle East), terrorism or disease outbreaks; impacts from any loss of our principal customers or changes in the policies or strategies of our customers; our level of indebtedness and the various covenants related thereto, and to generate sufficient income and cash flow to allow the Company to effect expected share repurchases and dividend payments; our failure to maintain our brands' reputation and successfully respond to changing consumer habits; and perceptions of certain ingredients, negative perceptions of packaging, lack of recyclability or other environmental attributes; our access to capital markets and borrowing capacity; impairment of our goodwill and other intangible assets; the ability to successfully manage the financial, legal, reputational and operational risks associated with third-party relationships, such as our suppliers, contract manufacturers, distributors, contractors and external business partners; risks associated with our international operations; our ability to effectively integrate acquired companies and successfully manage divestiture activities; our ability to successfully implement our cost savings initiatives, including rationalization or restructuring efforts; the ability to rely on and maintain key Company and third-party information and operational technology systems, networks and services and maintain the security and functionality of such systems, networks and services and the data contained therein; the ability to successfully achieve, maintain or adjust our environmental or sustainability goals and priorities; the ability to successfully manage current and expanding regulatory and legal requirements and matters (including, without limitation, those laws and regulations involving product liability, product and packaging composition, manufacturing processes, intellectual property, labor and employment, antitrust, privacy, cybersecurity and data protection, artificial intelligence, tax, the environment, due diligence, risk oversight, accounting and financial reporting) and to resolve new and pending matters within current estimates; the ability to adequately protect our intellectual property rights; product quality and safety issues, including recalls and product liability;  losses or increased funding and expenses related to our pension plans; and the other important factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025 ("2025 Annual Report") under Part I. Item 1A. "Risk Factors," and in our other filings with the Securities and Exchange Commission ("SEC"). In addition, other risks and uncertainties not presently known to the Company or that it presently considers immaterial could significantly affect the accuracy of any such forward-looking statements. Risks and uncertainties include those detailed from time to time in the Company's publicly filed documents, including in Item 1A. Risk Factors of Part I of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on November 18, 2025.

Non-GAAP Financial Measures. While the Company reports financial results in accordance with generally accepted accounting principles ("GAAP") in the U.S., this discussion also includes non-GAAP measures. These non-GAAP measures are referred to as "adjusted" or "organic" and exclude items which are considered by the Company as unusual or non-recurring and which

may have a disproportionate positive or negative impact on the Company's financial results in any particular period. Reconciliations of non-GAAP measures, including reconciliations of measures related to the Company's fiscal 2026 financial outlook, are included within the Notes to Condensed Consolidated Financial Statements included with this release.

This non-GAAP information is provided as a supplement to, not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP. The Company uses this non-GAAP information internally to make operating decisions and believes it is helpful to investors because it allows more meaningful period-to-period comparisons of ongoing operating results. The information can also be used to perform analysis and to better identify operating trends that may otherwise be masked or distorted by the types of items that are excluded. This non-GAAP information is a component in determining management's incentive compensation. Finally, the Company believes this information provides a higher degree of transparency. The following provides additional detail on the Company's non-GAAP measures:

The Company utilizes "adjusted" non-GAAP measures including gross margin, SG&A, operating income, operating margin, effective tax rate, net earnings, earnings per share, EBITDA, and other (income) expense to internally make operating decisions. Constant currency measures are calculated by removing the impact of translational and transactional foreign currencies changes, net of foreign currency hedges compared to the prior year. Transactional foreign currency changes are driven by foreign legal entities' transactions not denominated in local currency. The Company analyzes its net sales and segment profit on an organic basis to better measure the comparability of results between periods. Organic net sales and organic segment profit exclude the impact of changes in foreign currency. Segment profit is impacted by fluctuations in translation and transactional foreign currency. The impact of currency was applied to segments using management's best estimate. The Company presents certain metrics on a consolidated and continuing operations basis to help with comparability. Free cash flow is defined as net cash from operating activities, less capital expenditures plus collections of deferred purchase price of accounts receivable sold and proceeds from sales of fixed assets. Adjusted free cash flow is defined as free cash flow, adjusted for the following: the one-time operating cash flow impacts associated directly with Feminine Care divestiture including tax, working capital, and deal related fees and expenses. Net debt is defined as Gross debt less cash and cash equivalents. Net debt leverage ratio is defined as net debt divided by trailing twelve month adjusted EBITDA. Adjusted net debt leverage ratio is defined as net debt divided by continuing operations trailing twelve month adjusted EBITDA, which includes Transition Services Agreement income realized in fiscal Q2 and Q3 (five months), plus $15 million of pro forma Transition Services Agreement income (seven months). Refer to Supplemental Slides for fiscal year 2025 quarterly recast adjusted EBITDA reconciliation for continuing operations filed on February 9, 2026. Basis of Presentation. In accordance with applicable accounting guidance, the results of the Feminine Care segment are presented as discontinued operations in the Condensed Consolidated Statements of Earnings and Comprehensive Income and, as such, have been excluded from both continuing operations and segment results for all periods presented. Further, the Company reclassified the assets and liabilities of the Feminine Care disposal group as assets and liabilities held for sale in the Condensed Consolidated Balance Sheet as of September 30, 2025. The Condensed Consolidated Statements of Cash Flows are presented on a consolidated basis with both continuing operations and discontinued operations. All amounts, percentages and disclosures for all periods presented reflect only the continuing operations of Edgewell unless otherwise noted.

Please refer to the Form 10-Q filed with the SEC on August 5, 2026.

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(unaudited, in millions, except per share data)

Three Months Ended

June 30,

Nine Months Ended

June 30,

2026

2025

2026

2025

Net sales

$         570.1

$         560.4

$       1,512.4

$       1,492.1

Cost of products sold

327.6

310.3

892.0

832.7

Gross profit

242.5

250.1

620.4

659.4

Selling, general and administrative expense

108.3

100.7

321.7

303.1

Advertising and sales promotion expense

83.2

76.0

187.4

182.0

Research and development expense

13.3

13.5

42.0

40.2

Restructuring charges

12.7

14.9

44.8

30.9

Operating income

25.0

45.0

24.5

103.2

Interest expense associated with debt

16.7

19.4

53.9

58.4

Other income, net

(9.7)

(2.9)

(18.4)

(2.3)

Earnings (loss) from continuing operations before income taxes

18.0

28.5

(11.0)

47.1

Income tax provision on continuing operations

5.7

7.0

1.9

15.0

Net earnings (loss) from continuing operations

12.3

21.5

(12.9)

32.1

Earnings (loss) from discontinued operations, net of tax

1.4

7.6

(49.7)

23.9

Net earnings (loss)

$           13.7

$           29.1

$          (62.6)

$           56.0

Basic earnings (loss) per share

Continuing operations

$           0.27

$           0.46

$          (0.28)

$           0.67

Discontinued operations

0.03

0.16

(1.07)

0.50

Basic earnings (loss) per share

$           0.30

$           0.62

$          (1.35)

$           1.17

Diluted earnings (loss) per share

Continuing operations

$           0.26

$           0.46

$          (0.28)

$           0.67

Discontinued operations

0.03

0.16

(1.07)

0.50

Diluted earnings (loss) per share

$           0.29

$           0.62

$          (1.35)

$           1.17

Weighted-average shares outstanding:

Basic

46.1

46.8

46.4

47.8

Diluted

46.6

47.0

46.4

48.0

See Accompanying Notes.

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited, in millions)  

June 30, 2026

September 30,
2025

Assets

Current assets

Cash and cash equivalents

$         397.1

$         225.7

Trade receivables, less allowance for doubtful accounts

119.4

137.8

Inventories

433.0

433.8

Other current assets

162.5

138.6

Current assets held for sale

—

59.6

Total current assets

1,112.0

995.5

Property, plant and equipment, net

292.7

295.0

Goodwill

1,134.0

1,137.1

Other intangible assets, net

806.4

828.2

Other assets

190.3

178.7

Non-current assets held for sale

—

321.8

Total assets

$       3,535.4

$       3,756.3

Liabilities and Shareholders' Equity

Current liabilities

Notes payable

$           34.2

$           29.5

Accounts payable

230.7

219.7

Other current liabilities

338.7

311.1

Current liabilities held for sale

—

5.2

Total current liabilities

603.6

565.5

Long-term debt

1,245.0

1,383.3

Deferred income tax liabilities

79.6

118.8

Other liabilities

147.3

135.6

Total liabilities

2,075.5

2,203.2

Shareholders' equity

Common shares

0.7

0.7

Additional paid-in capital

1,569.7

1,578.8

Retained earnings

1,002.1

1,086.7

Common shares in treasury at cost

(997.5)

(1,003.3)

Accumulated other comprehensive loss

(115.1)

(109.8)

Total shareholders' equity

1,459.9

1,553.1

Total liabilities and shareholders' equity

$       3,535.4

$       3,756.3

See Accompanying Notes.

EDGEWELL PERSONAL CARE COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in millions)  

Nine Months Ended

June 30,

2026

2025

Cash Flow from Operating Activities

Net (loss) earnings

$            (62.6)

$              56.0

Depreciation and amortization

59.0

65.6

Share-based compensation expense

14.7

18.8

Loss on sale of assets

1.4

1.7

Impairment charges

37.4

—

Loss on assets held for sale

2.2

—

Deferred compensation payments

(2.3)

(2.4)

Deferred income taxes

(39.8)

(0.5)

Other, net

8.3

(12.2)

Changes in operating assets and liabilities

28.8

(82.7)

Net cash provided by operating activities

47.1

44.3

Cash Flow from Investing Activities

Proceeds from sale of business

338.9

—

Capital expenditures

(41.2)

(49.4)

Collection of deferred purchase price on accounts receivable sold

3.3

5.6

Other, net

—

(1.5)

Net cash provided by (used in) investing activities

301.0

(45.3)

Cash Flow from Financing Activities

Cash proceeds from debt with original maturities greater than 90 days

398.0

774.0

Cash payments on debt with original maturities greater than 90 days

(538.0)

(678.0)

Net proceeds from (payment of) debt with original maturities of 90 days or less

3.1

(0.8)

Repurchase of shares

(15.8)

(90.2)

Dividends to common shareholders

(21.5)

(22.4)

Employee shares withheld for taxes

(2.9)

(7.4)

Net financing inflow from the Accounts Receivable Facility

2.7

14.2

Other, net

(0.3)

(0.3)

Net cash used in financing activities

(174.7)

(10.9)

Effect of exchange rate changes on cash

(2.0)

2.4

Net increase (decrease) in cash and cash equivalents

171.4

(9.5)

Cash and cash equivalents, beginning of period

225.7

209.1

Cash and cash equivalents, end of period

$            397.1

$            199.6

See Accompanying Notes.

EDGEWELL PERSONAL CARE COMPANY
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited, in millions, except per share data)

Note 1 —  Segments

The Company conducts its business in the following two segments: Wet Shave and Sun and Skin Care (collectively, the "Segments," and each individually, a "Segment"). Segment performance is evaluated based on segment profit, exclusive of general corporate expenses, share-based compensation costs, items which are considered by the Company to be unusual or non-recurring and which may have a disproportionate positive or negative impact on the Company's financial results in any particular period and the amortization of intangible assets. Financial items, such as interest income and expense, are managed on a global basis at the corporate level. The exclusion of such charges from segment results reflects management's view on how it evaluates segment performance.

Segment net sales and profitability are presented below:

Three Months Ended
June 30,

Nine Months Ended
June 30,

2026

2025

2026

2025

Net sales

Wet Shave

$        312.8

$        317.0

$       898.2

$         897.0

Sun and Skin Care

257.3

243.4

614.2

595.1

Total net sales

$        570.1

$        560.4

$    1,512.4

$      1,492.1

Segment Profit

Wet Shave

$          34.9

$          44.1

$       106.0

$         137.3

Sun and Skin Care

46.2

46.0

89.5

93.4

Total segment profit

81.1

90.1

195.5

230.7

General corporate and other expenses

(21.9)

(19.9)

(66.0)

(65.9)

Amortization of intangibles

(6.2)

(6.4)

(19.0)

(19.2)

Interest and other expense, net

(7.0)

(19.3)

(37.7)

(58.6)

Restructuring and related costs

(24.5)

(16.8)

(71.9)

(32.7)

Acquisition and integration costs

—

—

—

(0.5)

Sun Care reformulation costs

(0.7)

(0.5)

(3.4)

(2.2)

Legal matters

—

—

(5.7)

—

Gain on investment

—

—

1.5

0.9

Commercial realignment

0.2

0.1

0.2

(3.0)

Other project and related costs

(3.0)

1.2

(4.5)

(2.4)

Total earnings (loss) before income taxes

$         18.0

$         28.5

$      (11.0)

$         47.1

Refer to Note 2 - GAAP to Non-GAAP Reconciliations below for the income statement location of non-GAAP adjustments to earnings before income taxes.

Note 2 — GAAP to Non-GAAP Reconciliations

The following tables provide a GAAP to Non-GAAP reconciliation of certain line items from the Condensed Consolidated Statement of Earnings:

Three Months Ended June 30, 2026

Gross Profit

SG&A

Operating 
Income

EBIT (Loss)
from
Continuing
Operations (1)

Income Tax
Provision
(Benefit)
from
Continuing
Operations

Net (Loss)
Income from
Continuing
Operations

Diluted EPS
from
Continuing
Operations

GAAP — Reported

$    242.5

$    108.3

$      25.0

$       18.0

$        5.7

$       12.3

$      0.26

Restructuring and related costs

11.2

(0.6)

24.5

24.5

6.0

18.5

0.40

Sun Care reformulation costs

—

—

0.7

0.7

0.1

0.6

0.01

Commercial realignment

(0.2)

—

(0.2)

(0.2)

(0.1)

(0.1)

—

Other project and related costs

0.1

(2.9)

3.0

3.0

0.8

2.2

0.05

Total Adjusted Non-GAAP

$    253.6

$    104.8

$      53.0

$       46.0

$       12.5

$       33.5

$      0.72

Adjusted Non-GAAP Constant Currency

0.68

GAAP as a percent of net sales

42.5 %

19.0 %

4.4 %

GAAP effective tax rate

31.5 %

Adjusted as a percent of net sales

44.5 %

18.4 %

9.3 %

Adjusted effective tax rate

27.2 %

Adjusted Constant Currency as a percent of net
sales

44.1 %

8.9 %

(1) EBIT is defined as Earnings before Income taxes.

Three Months Ended June 30, 2025

Gross Profit

SG&A

Operating
Income

EBIT (Loss)
from
Continuing
Operations (1)

Income Tax
Provision
(Benefit)
from
Continuing
Operations

Net (Loss)
Income from
Continuing
Operations

Diluted EPS
from
Continuing
Operations

GAAP — Reported

$    250.1

$    100.7

$     45.0

$       28.5

$        7.0

$       21.5

$     0.46

Restructuring and related costs

1.2

(0.6)

16.7

16.7

4.1

12.6

0.27

Sun Care reformulation costs

—

—

0.5

0.5

0.1

0.4

0.01

Commercial realignment

(0.1)

—

(0.1)

(0.1)

—

(0.1)

—

Other project and related costs

—

(1.5)

1.5

(1.2)

(0.4)

(0.8)

(0.02)

Total Adjusted Non-GAAP

$    251.2

$     98.6

$     63.6

$       44.4

$       10.8

$       33.6

$     0.72

GAAP as a percent of net sales

44.6 %

18.0 %

8.0 %

GAAP effective tax rate

24.5 %

Adjusted as a percent of net sales

44.8 %

17.6 %

11.3 %

Adjusted effective tax rate

24.3 %

(1) EBIT is defined as Earnings before Income taxes.

Nine Months Ended June 30, 2026

Gross Profit

SG&A

Operating 
Income

EBIT (Loss)
from
Continuing
Operations (1)

Income Tax
Provision
(Benefit)
from
Continuing
Operations

Net (Loss)
Income from
Continuing
Operations

Diluted EPS
from
Continuing
Operations

GAAP — Reported

$    620.4

$    321.7

$      24.5

$      (11.0)

$        1.9

$      (12.9)

$     (0.28)

Restructuring and related costs

25.7

(1.4)

71.9

71.9

17.7

54.2

1.17

Sun Care reformulation costs

—

—

3.4

3.4

0.8

2.6

0.06

Legal matters

—

(5.7)

5.7

5.7

1.4

4.3

0.09

Gain on investment

—

—

—

(1.5)

(0.3)

(1.2)

(0.03)

Commercial realignment

(0.2)

—

(0.2)

(0.2)

(0.1)

(0.1)

—

Other project and related costs

0.1

(5.1)

5.2

4.5

1.1

3.4

0.07

Tax shortfall on equity compensation

—

—

—

—

(3.4)

3.4

0.07

Total Adjusted Non-GAAP

$    646.0

$    309.5

$    110.5

$       72.8

$       19.1

$       53.7

$      1.15

Adjusted Non-GAAP Constant Currency

1.07

GAAP as a percent of net sales

41.0 %

21.3 %

1.6 %

GAAP effective tax rate

(17.0) %

Adjusted as a percent of net sales

42.7 %

20.5 %

7.3 %

Adjusted effective tax rate

26.3 %

Adjusted Constant Currency as a percent of net
sales

42.5 %

6.9 %

(1) EBIT is defined as Earnings (Loss) before Income taxes.

Nine Months Ended June 30, 2025

Gross Profit

SG&A

Operating 
Income

EBIT (Loss)
from
Continuing
Operations (1)

Income Tax
Provision
(Benefit)
from
Continuing
Operations

Net (Loss)
Income
from
Continuing
Operations

Diluted EPS
from
Continuing
Operations

GAAP — Reported

$    659.4

$    303.1

$    103.2

$       47.1

$       15.0

$       32.1

$     0.67

Restructuring and related costs

1.2

(0.6)

32.7

32.7

8.0

24.7

0.50

Acquisition and integration costs

—

(0.5)

0.5

0.5

0.1

0.4

0.01

Sun Care reformulation costs

—

—

2.2

2.2

0.5

1.7

0.04

Gain on investment

—

—

—

(0.9)

—

(0.9)

(0.02)

Commercial realignment

3.0

—

3.0

3.0

0.9

2.1

0.04

Other project and related costs

—

(3.9)

3.9

2.4

0.6

1.8

0.04

Total Adjusted Non-GAAP

$    663.6

$    298.1

$    145.5

$       87.0

$       25.1

$       61.9

$     1.28

GAAP as a percent of net sales

44.2 %

20.3 %

6.9 %

GAAP effective tax rate

31.7 %

Adjusted as a percent of net sales

44.5 %

20.0 %

9.8 %

Adjusted effective tax rate

28.8 %

(1) EBIT is defined as Earnings before Income taxes.

Note 3 - Net Sales and Profit (Loss) by Segment

Operations for the Company are reported via two segments. The following tables present changes in net sales and segment profit for the three and nine months ended June 30, 2026, as compared to the corresponding period in the prior year quarter.

Net Sales

Quarter Ended June 30, 2026

Wet Shave

Sun and Skin Care

Total

Net sales -  Q3 2025

$      317.0

$      243.4

$      560.4

Organic

(6.1)

(1.9) %

12.2

5.0 %

6.1

1.1 %

Impact of currency

1.9

0.6 %

1.7

0.7 %

3.6

0.6 %

Net sales -  Q3 2026

$      312.8

(1.3) %

$      257.3

5.7 %

$      570.1

1.7 %

Segment Profit

Quarter Ended June 30, 2026

Wet Shave

Sun and Skin Care

Total

Segment profit -  Q3 2025

$        44.1

$        46.0

$        90.1

Organic

(10.9)

(24.7) %

(0.7)

(1.6) %

(11.6)

(12.9) %

Impact of currency

1.7

3.8 %

0.9

2.0 %

2.6

2.9 %

Segment profit -  Q3 2026

$        34.9

(20.9) %

$        46.2

0.4 %

$        81.1

(10.0) %

Net Sales

Nine Months Ended June 30, 2026

Wet Shave

Sun and Skin Care

Total

Net sales -  Q3 2025

$      897.0

$      595.1

$    1,492.1

Organic

(19.8)

(2.2) %

11.4

1.9 %

(8.4)

(0.6) %

Impact of currency

21.0

2.3 %

7.7

1.3 %

28.7

2.0 %

Net sales -  Q3 2026

$      898.2

0.1 %

$      614.2

3.2 %

$    1,512.4

1.4 %

Segment Profit

Nine Months Ended June 30, 2026

Wet Shave

Sun and Skin Care

Total

Segment profit -  Q3 2025

$      137.3

$        93.4

$      230.7

Organic

(36.4)

(26.5) %

(6.3)

(6.8) %

(42.7)

(18.5) %

Impact of currency

5.1

3.7 %

2.4

2.6 %

7.5

3.2 %

Segment profit -  Q3 2026

$      106.0

(22.8) %

$        89.5

(4.2) %

$      195.5

(15.3) %

For all tables, the impact of currency to segment profit includes both the translational and transactional currency changes during the quarter.

Note 4 - Net Debt and EBITDA

The Company reports financial results on a GAAP and adjusted basis. The tables below are used to reconcile Net Debt and Net earnings to EBITDA and Adjusted EBITDA, which are non-GAAP measures, to improve comparability of results between periods.

June 30,
2026

September 30,
2025

Notes payable

$          34.2

$           29.5

Long-term debt

1,245.0

1,383.3

Gross debt

1,279.2

1,412.8

Less: Cash and cash equivalents

397.1

225.7

Net debt

$         882.1

$       1,187.1

Three Months Ended

June 30,

Nine Months Ended

June 30,

2026

2025

2026

2025

Net Earnings

$           12.3

$           21.5

$          (12.9)

$           32.1

Income tax provision

5.7

7.0

1.9

15.0

Interest expense, net

14.8

19.0

50.7

56.9

Depreciation and amortization

18.6

18.3

57.7

54.0

EBITDA

51.4

65.7

97.4

158.0

Restructuring and related costs (1)

24.0

16.3

68.4

31.5

Acquisition and integration costs

—

—

—

0.5

Sun Care reformulation costs

0.7

0.5

3.4

2.2

Legal matters

—

—

5.7

—

(Gain) loss on investment

—

—

(1.5)

(0.9)

Commercial realignment

(0.2)

(0.1)

(0.2)

3.0

Other project and related costs

3.0

(1.2)

4.5

2.4

Adjusted EBITDA

$           78.9

$           81.2

$          177.7

$          196.7

(1)

Excludes $0.5 million and $3.5 million of accelerated depreciation, which is included within Depreciation and amortization during the three and nine months ended June 30, 2026, respectively and $0.6 million and $1.2 million during the three and nine months ended June 30, 2025, respectively.

Note 5 - Outlook for Continuing Operations

The following tables provide reconciliations of Adjusted EPS and Adjusted EBITDA, Non-GAAP measures, included within the Company's projected fiscal 2026 outlook for continuing operations. The below outlook reflects management's approximate expectations and are subject to rounding adjustments. As a result, the sum of individual amounts may not precisely equal the totals presented.

Adjusted EPS Outlook

Fiscal 2026 GAAP EPS

approx.

$0.00 - $0.20

Restructuring and related costs

approx.

1.96

Sun Care reformulation costs

approx.

0.11

Legal Matter

approx.

0.12

Gain on Investment

approx.

(0.03)

Other costs

approx.

0.13

Income taxes(1)

approx.

(0.49)

Fiscal 2026 Adjusted EPS Outlook (Non-GAAP)

approx.

$1.80 - $2.00

(1)

Income tax effect of the adjustments to Fiscal 2026 GAAP EPS noted above.

Adjusted EBITDA Outlook

Fiscal 2026 GAAP Net Income

approx.

$0 - $10

Income tax provision

approx.

4

Interest expense, net of $5 interest income

approx.

65

Depreciation and amortization

approx.

77

EBITDA

approx.

$146 - $156

Restructuring and related costs (2)

approx.

88

Sun Care reformulation costs

approx.

5

Legal Matter

approx.

6

Gain on Investment

approx.

(1)

Other costs

approx.

6

Fiscal 2026 Adjusted EBITDA

approx.

$250 - $260

(2)

Excludes accelerated depreciation, which is included within Depreciation and amortization.

SOURCE Edgewell Personal Care Company

, /PRNewswire/ -- Edgewell Personal Care Company [NYSE: EPC] will report its financial results for the third quarter fiscal year 2026 before the market opens on August 5, 2026.  Edgewell will discuss its results during an investor conference call that will be webcast on August 5, 2026, beginning at 8:00 a.m. Eastern Time. The call will be hosted by President and Chief Executive Officer Rod Little and Chief Financial Officer Francesca Weissman.

All interested parties may access a live webcast of this conference call at www.edgewell.com, under "Investors," and "News and Events" tabs or by using the following link: 

http://ir.edgewell.com/news-and-events/events

For those unable to participate during the live webcast, a replay will be available at www.edgewell.com, under "Investors," "Financial Reports," and "Quarterly Earnings" tabs. 

About Edgewell Personal Care:

Edgewell is a leading pure-play consumer products company with an attractive, diversified portfolio of established brand names such as Schick® and Wilkinson Sword® men's shaving products; Schick® and Billie® women's shaving products; Edge® and Skintimate® shave preparations; Banana Boat®, Hawaiian Tropic®, Bulldog®, Jack Black® and Cremo® sun and skin care products; and Wet Ones® moist wipes.  The Company has a broad global footprint and operates in more than 50 markets, including the U.S., Canada, Mexico, Germany, Japan, the U.K. and Australia, with approximately 6,200 employees worldwide.

SOURCE Edgewell Personal Care Company

Ulaanbaatar, Mongolia--(Newsfile Corp. - June 26, 2026) - Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") announces that Steppe Gold LLC ("Steppe Mongolia"), its wholly owned subsidiary, has entered into an amendment (the "EPC Amendment") to its engineering, procurement and construction agreement (the "EPC Agreement") with Hexagon Build Engineering LLC ("Hexagon") for Phase 2 at the ATO Mine (the "Project"), increasing the contract value from US$148.8 million to approximately US$238.2 million.

Following a review of the EPC Agreement and the Project's development plan, the Company's management determined that certain additional infrastructure and supporting facilities are required for Phase 2 development and were therefore added to the scope of work under the EPC Agreement. These additions include a tailings management facility, power transmission and water supply infrastructure, concentrate transportation roads and the construction of warehousing, maintenance shop and camp facilities. These items are necessary for the Project but were not fully contemplated in the EPC Agreement in terms of responsibility, or method of execution.

Financing

The Company intends to pursue debt financing in connection with the revised project scope of the Project. Financing arrangements have not yet been determined or finalized, and there can be no assurance that the Company will be able to obtain the required financing on acceptable terms, or at all. Accordingly, there can be no assurance that the Project will proceed as currently contemplated.

Outlook

The revised feasibility study is expected to be completed in the second half of 2026 and to reflect the Company's decision to increase the Project's planned annual throughput capacity. The timing of further Project development remains subject to, among other things, completion of the revised feasibility study, securing the required financing, receipt of all necessary permits and approvals, and ongoing project execution planning. As the Project advances, additional works, infrastructure requirements or scope modifications may be identified through engineering, permitting and optimization activities, which could affect the Project's capital costs, development schedule and overall execution strategy.

About ATO Mine

ATO Mine is a multi-stage precious metals project, located in Dornod Province, Mongolia. The project is owned and operated by Steppe Mongolia, a wholly owned subsidiary of Steppe Gold Ltd.

About Steppe Gold Ltd.

Steppe Gold is Mongolia's premier precious metals company.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements or disclosures relating to the Company that are based on the expectations of its management as well as assumptions made by and information currently available to the Company which may constitute forward-looking statements or information ("forward-looking statements") under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results, or developments that the Company anticipates or expects may, or will, occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words "continued", "focus", "scheduled", "will", "planned", "anticipated", "approximately" and similar expressions. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the following: the scope, cost and benefits of the EPC Amendment with Hexagon; the advancement, timing and completion of the Phase 2 development of the ATO Project; the Company's ability to obtain debt financing on acceptable terms; the timing and completion of the revised feasibility study; receipt of necessary permits and approvals; anticipated growth in production; and the Company's ability to execute its long-term strategy. The forward-looking statements contained in this news release are based on a number of assumptions which may prove to be incorrect, and actual results, performance or achievements may differ materially from those expressed or implied by such statements due to known and unknown risks, uncertainties and other factors, including risks relating to gold and silver prices, the ability of the parties to perform their obligations under the EPC agreement, the availability of financing, the development and operation of the ATO mine, and general economic, market and regulatory conditions. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303004

Source: Steppe Gold Ltd.

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TASHKENT, Uzbekistan, June 24, 2026 (GLOBE NEWSWIRE) -- During the 5th Tashkent International Investment Forum, Allied Biofuels signed a FEED + Detailed Engineering Contract with rollover to EPC with Sinopec Engineering Group Co., Ltd., for its landmark SAF and e-SAF Project in Uzbekistan.

The FEED + Detailed Engineering Contract establishes the engineering pathway for the project’s planned rollover to EPC, with Sinopec Engineering Group undertaking front-end design, detailed engineering, systems integration and open-book cost development for the refinery, renewable energy interfaces and associated infrastructure.

The signing comes at a time of growing global momentum across the Sustainable Aviation Fuel sector, with industrial-scale SAF projects and technology developments accelerating across major aviation and energy markets. Against this backdrop, the agreement marks a significant step in connecting Sinopec Engineering Group’s international engineering capability with one of Central Asia’s most ambitious clean fuels infrastructure developments.

Allied Biofuels is developing Central Asia’s first large-scale, fully integrated bio-aviation fuel complex, with a total investment of approximately US$6.1 billion. The project is designed to produce SAF and e-SAF at industrial scale. The project brings together biomass processing, advanced refining, renewable energy integration and power-to-liquid production pathways within a single integrated industrial platform. Once operational, the facility is expected to supply clean aviation fuels to both domestic and international markets.

Sinopec Engineering Group is expected to leverage its technical and engineering expertise in refining, biofuels, green hydrogen and complex industrial infrastructure to provide an integrated, tailor-made design solution for the project. The agreement also supports international low-carbon cooperation, reinforces Uzbekistan’s position as an emerging hub for sustainable aviation and clean fuel production, and highlights Central Asia’s growing role in the global aviation energy transition.

Alfred Benedict, Managing Director of Allied Biofuels, said:

“This agreement marks a key step in advancing our SAF and e-SAF project in Uzbekistan from development into engineering and execution readiness. Sinopec Engineering Group’s technical capability will help strengthen the project’s delivery pathway as we progress one of Central Asia’s most important clean fuels infrastructure developments.”

Gong Yu, Regional Business Development Manager of Sinopec Engineering Group Co., Ltd., said:

“Sinopec Engineering Group is pleased to support Allied Biofuels on this important clean fuels project in Uzbekistan and looks forward to contributing its engineering experience to the project’s next stage of development.”

The collaboration is expected to accelerate the development of a world-scale SAF and e-SAF platform in Uzbekistan, positioning the project to serve growing demand for cleaner aviation fuels across Central Asia and international markets.

About Allied Biofuels

Allied Biofuels is developing Central Asia’s first world-scale integrated biorefinery, purpose-engineered to produce SAF, e-SAF, and Green Diesel at industrial scale. In partnership with the world’s foremost technology providers, Allied Biofuels is designing, developing, and constructing a facility that will occupy a pivotal role in the global clean energy transition, delivering transformative environmental outcomes and anchoring long-term economic prosperity across the region.

About Sinopec Engineering Group Co., Ltd.

Sinopec Engineering Group Co., Ltd. (SEG in short) is a leading engineering company from China with its head quarter based in Beijing SEG’s business covers areas of technology research, engineering consultation and design, equipment manufacturing, construction and installation, pre-commissioning and commissioning etc. Under the Engineering Services Contract with Allied Biofuels, the company has been engaged to provide FEED, systems integration, Detailed Engineering and open-book estimating services for the SAF and e-SAF project in Uzbekistan.

Media Contact
Allied Biofuels
Email: [email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/7a28a046-4989-4a19-97d0-50cad7e96510

https://www.globenewswire.com/NewsRoom/AttachmentNg/9aa568a2-f283-43a4-ac0a-602dd2c94844

Meeting Meeting Meeting 2 Meeting 2

Edgewell Personal (EPC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Edgewell Personal Care is undergoing a strategic transformation, selling its feminine-care segment for $340M to reduce debt and refocus on core brands. EPC plans to significantly increase advertising for its razors and sunscreen in 2026, aiming to defend market share and reignite revenue growth. Despite high leverage (net debt/EBITDA ~4.6 post-sale), EPC trades at a steep discount to peers, with a projected one-year target price of $28.63—44% above current levels.

National Vision (NASDAQ: EYE - Get Free Report) and Edgewell Personal Care (NYSE: EPC - Get Free Report) are both consumer staples companies, but which is the superior investment? We will compare the two companies based on the strength of their dividends, valuation, institutional ownership, risk, profitability, earnings and analyst recommendations. Profitability This table compares National Vision

SG Americas Securities LLC lifted its stake in shares of Edgewell Personal Care Company (NYSE: EPC) by 273.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 173,502 shares of the company's stock after buying an additional 127,061 shares during the quarter. SG

SHELTON, Conn., April 8, 2026 /PRNewswire/ -- Edgewell Personal Care Company [NYSE: EPC] will report its financial results for the second quarter fiscal year 2026 before the market opens on May 6, 2026.

CPAC, EPC and CHE have been added to the Zacks Rank #5 (Strong Sell) List on April 15, 2026.

The company has funded the planting of over 100,000 trees which are expected to restore more than 140 acres of forest SHELTON, Conn., April 23, 2026 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) is announcing its fifth year of partnership with the Arbor Day Foundation, celebrating a shared commitment to protecting biodiversity through reforestation efforts.

SHELTON, Conn., April 29, 2026 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) - For over 100 years, Schick has designed razors with skin in mind.

Q2 Results Exceeded Expectations for Sales, Adjusted EPS and EBITDA Reaffirms Full-Year Outlook for Organic Net Sales, Adjusted EPS and EBITDA, Adjusted Free Cash Flow SHELTON, Conn., May 6, 2026 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC) today announced results for its second fiscal quarter 2026 ended March   31, 2026.

Edgewell Personal Care Company (EPC) Q2 2026 Earnings Call Transcript

SHELTON, Conn., May 13, 2026 /PRNewswire/ -- Edgewell Personal Care Company (NYSE: EPC ) — Hawaiian Tropic is turning full-body suncare application into a full-blown summer movement, with a must-watch music video and what is set to become the hottest dance of the summer.