Edgewell’s Q4 2024 results reflect a complex margin-and-growth ecosystem: the company delivered modest organic growth for the full year, with international markets driving volume and price gains while North America faced sustained headwinds in Wet Shave and Fem Care. Management emphasized a disciplined capital allocation framework, productivity initiatives, and a sharp focus on consumer-centric innovation to drive mid-single-digit growth internationally and stabilize U.S. shave and feminine care segments. Gross margin demonstrated meaningful accretion, supported by productivity savings and pricing actions, even as higher promotions and commodity costs moderated the pace of margin expansion. Cash generation remained robust, enabling deleveraging to ~3x and shareholder returns through buybacks and dividends. For FY25, EPC projects 1%–3% organic net sales growth (with currency tailwinds modestly offset by headwinds), about 75–90 bps of gross margin expansion (CC), and approximately $3.15–$3.35 in adjusted EPS, backed by roughly $185 million in free cash flow. The plan hinges on international growth acceleration, a reenergized U.S. shave and Fem Care franchise under new North American leadership, and a strong innovation engine across Billie, Cremo, Banana Boat, and Wilkinson Sword. Investors should monitor currency dynamics, promotional intensity, supply-chain normalization, and the execution of the new regional leadership structure as primary variables to watch in FY25.