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Sees FY19 revenue down in the low single digits compared with the prior year, inclusive of an approximate 130 basis-point unfavorable impact from currency translation and an 80 basis-point combined benefit from the Jack Black acquisition and Playtex gloves divestiture. For fiscal 2019, Project Fuel is expected to generate approximately $115M in incremental gross savings. Project Fuel related restructuring charges and capital expenditures are expected to be approximately $65M to $70M and $40M to $50M, respectively. Total Company capital expenditures, including Project Fuel are expected to be approximately 3.5% of net sales. The adjusted effective tax rate for the fiscal year is estimated to be in the range of 23.5% to 25.5%. The Company's expectation for fiscal 2019 free cash flow is unchanged.

Reports Q3 revenue $609.2M, consensus $610.3M. "Our results in the quarter reflect the steps we have been taking to fundamentally improve the commercial and operational performance of our business. We delivered improved top-line results that were in-line with expectations and are positioning us to achieve our longer-term financial objectives," said Rod Little, Edgewell's President and CEO. "As we look ahead, we continue to reshape how we operate the business through Project Fuel, which has generated over $100M in gross savings to date and is serving as a catalyst for reinvestment. We are making progress on our core business initiatives, beginning the repositioning of our Feminine Care business, and building significant momentum in the integration planning for the Harry's transaction. We are confident that Edgewell is taking the right steps to generate sustainable shareholder value creation."