Benzinga | May 6, 2021 06:04AM EDT

Edgewell Personal Care Reaffirms FY21 Guidance; Sees Adj. EPS $2.62-$2.82 vs $2.74 Est.

Full Fiscal Year 2021 Financial Outlook

The Company is maintaining its previously provided outlook assumptions for fiscal 2021:

* Reported net sales to increase mid-single digits Includes: 160 basis-point net benefit from the Cremo acquisition and the Infant and Pet Care divestiture and a 160 basis-point benefit from currency translation

* Organic sales to increase low-single digits

* Adjusted operating profit margin to be consistent with fiscal 2020 Project Fuel costs of $25 to $30 million Project Fuel Gross Savings of $50 to $60 million

* GAAP EPS in the range of $1.80 to $2.00 (Previously $2.18 to $2.38) Includes: Project Fuel restructuring charges, cost of early retirement of long-term debt, IT enablement costs, acquisition and integration costs

* Adjusted EPS in the range of $2.62 to $2.82

* Adjusted EBITDA in the range of $345 to $360 million

* Adjusted effective tax rate in the range of 23.5% to 24.5% (Previously 22.5% to 24.5%)

* Capital expenditures of approximately 3.0% of net sales

* Free cash flow expected to be approximately 100% of non-GAAP net earnings