The company acquired Graphico, a Japan-based distributor, for $19.9 million, net of cash acquired. This acquisition is expected to contribute to greater expansion of the company's business in the Asia-Pacific (APAC) region and is managed in the Consumer International segment.

During the first quarter of 2024, the company exited the MEGALAC supplement portion of its Animal Nutrition business within the SPD segment. This decision reflects a strategic shift in the SPD segment.

Marketing expenses increased by 10.7% YoY, reflecting increased marketing spend to support new product introductions. This indicates a continued focus on driving growth through new product initiatives.

Gross margin increased despite higher manufacturing costs, driven by productivity programs. This indicates effective cost management and operational improvements.

Due to a decline in market share and financial performance of the VMS business, management reassessed its long-term strategy. This proactive approach indicates a willingness to adapt to changing market conditions.

The effective tax rate was impacted by the non-cash VMS impairment charge. This highlights the significant impact of strategic decisions on the company's financial results.

The company acknowledges the risk that declines in profitability or estimated cash flows related to specific intangible assets, as well as potential changes in market valuations for similar assets and market discount rates, may result in future impairment charges.

The company acknowledges that the current economic environment presents risks that could have adverse consequences for our liquidity.

The company experienced a decline in market share in the VMS business due to significant product competition coming from new category entrants, including private label.

The company's global WATERPIK business has continued to experience a significant decline in customer demand for many of its products, primarily due to lower consumer spending for discretionary products from inflation and a growing number of water flosser consumers switching to more value-branded products.

Gross margin increased despite higher manufacturing costs, driven by productivity programs. This indicates effective cost management and operational improvements.

The company continues to focus on reducing working capital requirements, as indicated by the discussion of cash conversion cycle and its components.

The Board declared a 4% increase in the regular quarterly dividend from $0.2725 to $0.28375 per share, equivalent to an annual dividend of $1.135 per share.

As of September 30, 2024, there remains $658.9 of share repurchase availability under the 2021 Share Repurchase Program, but no repurchases occurred during the quarter.

The company's capital expenditure program is expected to be approximately $180.0 in 2024, primarily for manufacturing capacity investments in laundry and litter to support expected future sales growth.

In October 2021, members of the Organisation for Economic Co-operation and Development (“OECD”) agreed to a global minimum tax rate of 15%.

The company acknowledges the impact on the global economy of the Russia/Ukraine war or increased conflict in the Middle East, including the impact of export controls and other economic sanctions.