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Church & Dwight, Carlisle Cos., Penn National Gaming report earnings

Three companies with significant local operations — Church & Dwight Co. Inc., Carlisle Cos. Inc. and Penn National Gaming — have issued earnings reports.

New Jersey-based Church & Dwight Co. Inc., maker of Arm & Hammer products and Trojan condoms, has a major facility in York County. The company posted net income of $92.2 million for the quarter ended Dec. 31, for a 2013 yearly total of $394.4 million that met the company’s outlook and exceeded the 2012 yearly total of $349.8 million.

The earnings per share increased 14 percent in 2013; for 2014, the company predicts EPS growth of six to 10 percent. The board on Jan. 29 declared an 11 percent increase in the regular quarterly dividend from 28 cents to 31 cents per share, marking the 18th consecutive year of increasing the dividend. Chairman and CEO James R. Craigie also announced launches, including two new Oxiclean products, cat litter, toothpaste, a diagnostic kit, a vitamin line and Trojan offerings.

“This earnings forecast does not include any forecasted benefit from any potential acquisitions, which we continue to aggressively pursue,” Craigie said.

Shares of Church & Dwight are traded on the New York Stock Exchange under the ticker symbol CHD.

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North Carolina-based Carlisle Cos. Inc., which includes manufacturer Carlisle Construction Materials, posted net earnings of $69.7 million for the quarter ended Dec. 31, for a 2013 yearly total of $209.7 million that fell short of the company’s 2012 net income of $270.2 million.

“We completed 2013 with record net sales and strong performance from three of our four segments,” Chairman, President and CEO David A. Roberts said in a news release, noting that Carlisle Construction Materials had a record sales year with full-year sales of $1.78 billion, a 4.8 percent increase over the prior year.

“Equally important, we accomplished a critical step in our Company transformation with the sale of Transportation Products at the end of the year for $373 million of proceeds. The sale of the Transportation Products business was strategically significant and moves us closer to our primary goals of 15% operating margin, 15% working capital as a percent of sales and 15% return on invested capital.”

Total 2013 margins on earnings before interest and income taxes were 12.5 percent, the company said.

Carlisle Cos. trades its shares on the NYSE under the ticker symbol CSL.

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Penn National Gaming, which operates Hollywood Casino at Penn National Race Course, posted a net loss of $888.7 million for the quarter ended Dec. 31, for a 2013 yearly total net loss of $794.3 million. In 2012, the company posted net income of $212 million.

Timothy J. Wilmott, president and CEO of Penn National, said the fourth quarter reflected the spin-off of Gaming and Leisure Properties Inc., which he characterized as a transaction that unlocked significant value for shareholders, “as well as the commencement of rent payments and the contribution of the Perryville, Maryland and Baton Rouge, Louisiana facilities to GLPI.”

The operating results also reflect a continuation of the soft regional gaming revenue trends that the industry experienced throughout 2013, which were exacerbated by adverse weather conditions in December, he added.

Penn National trades on the Nasdaq under the ticker symbol PENN.

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