Church & Dwight Co. Inc. (NYSE:CHD) posted fourth-quarter sales of $670.8 million for the three months ended Dec. 31, 2009, up 4 percent compared with $644.9 million during the same period in 2008. Net income rose 19.3 percent to $52.8 million, compared with $44.2 million during Q4 2008:
Church & Dwight Reports 2009 Earnings Per Share of $3.41
Fourth Quarter Sales and EPS Exceed Expectations
Inverness Medical Innovations Inc. (NYSE:IMA) filed a patent infringement lawsuit against Church & Dwight Co. Inc. (NYSE:CHD), accusing it of infringing a patent used in pregnancy tests.
The Waltham, Mass.-based diagnostics and lab equipment maker sued Princeton, N.J.-based Church & Dwight — best known as the maker of Arm & Hammer baking soda — in the U.S. District Court for Massachusetts, alleging that CHD infringed an Inverness patent for “Flow Sensing for Determination of Assay Results,” according to court documents.