EXHIBIT 99.3

PIK HOLDINGS, INC.

Unaudited Condensed Consolidated Financial Statements

July 2, 2017

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PIK HOLDINGS, INC.

Unaudited Condensed Consolidated Balance Sheets

July 2, 2017 and October 2, 2016

(in thousands, except share and per share amounts)

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PIK HOLDINGS, INC.

Unaudited Condensed Consolidated Statements of Income

(in thousands)

3

PIK HOLDINGS, INC.

Unaudited Condensed Consolidated Statements of Income

(in thousands)

4

PIK HOLDINGS, INC.

Unaudited Condensed Consolidated Statements of Comprehensive Income

(in thousands)

5

PIK HOLDINGS, INC.

Unaudited Condensed Consolidated Statements of Stockholders’ Equity

(In thousands, except share amounts)

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PIK HOLDINGS, INC.

Unaudited Condensed Consolidated Statements of Cash Flows

(In thousands)

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Pik Holdings, Inc., a Delaware corporation, (and its subsidiaries collectively referred to as Company) was incorporated May 13, 2013 in anticipation of the purchase of 100% of the capital stock of EGWP Acquisition Corp., a Delaware corporation, and its subsidiaries. The acquisition occurred on July 8, 2013 (Acquisition). The primary operating entity and a wholly owned subsidiary of the Company is Water Pik, Inc. The Company is a leader in designing, manufacturing, and marketing personal healthcare products, including consumer and professional oral healthcare products and showerheads. The Company’s personal healthcare products are sold through a variety of channels, including home centers, mass merchandisers, drug store chains, specialty retailers, dental professionals, online and television.

Pik Holdings, Inc. does not have material activities, assets, or liabilities other than those of Water Pik, Inc.

The condensed consolidated balance sheets as of July 2, 2017 and October 2, 2016, the condensed consolidated statements of income, comprehensive income and cash flows for the quarter and three quarters ended July 2, 2017 and June 26, 2016 and, the condensed statements of cash flow and stockholders’ equity for the three quarters ended July 2, 2017 and June 26, 2016 have been prepared by the Company.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position at July 2, 2017 and results of operations and cash flows for all periods presented have been made.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles (“U.S. GAAP”) in the United States have been condensed or omitted.  These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the year ended October 2, 2016. The results of operations for the period ended July 2, 2017 are not necessarily indicative of the operating results for the full year.

Inventories consist of the following (in thousands):

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Property, plant, and equipment comprise the following (in thousands):

Depreciation expense was $1,121,000 and $1,109,000 for the quarters ended July 2, 2017 and June 26, 2016, respectively. Depreciation expense was $3,397,000 and $3,254,000 for the three quarters ending July 2, 2017 and June 26, 2016, respectively.

Intangible assets and other assets comprise the following (in thousands):

Amortization expense was $2,968,000 for the quarters ended July 2, 2017 and June 26, 2016. Amortization expense was $8,905,000 for the three quarters ended July 2, 2017 and June 26, 2016.  

Future amortization expense for finite lived intangibles for the next five fiscal years will approximate $11,871,000, $11,863,000, and $11,863,000, $11,863,000, and $11,863,000 for fiscal years 2017, 2018, 2019, 2020, and 2021, respectively.

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Accrued liabilities comprise the following (in thousands):

The Company’s long‑term debt comprises the following (in thousands):

On July 8, 2013, the Company established the Pik Holdings, Inc. 2013 Stock Option Plan (the Plan), which authorizes equity awards to be granted for up to 26,286 shares of the common stock of the Company. As of the fiscal year ending October 2, 2016 and the period ending July 2, 2017, there were 24,323 and 24,973 share options awarded, respectively. A total of 650 options award were granted between October 2, 2016 and July 2, 2017 at an exercise prices of $1,856.79, the fair value of the common stock at time of grant as determined by the July 31, 2016 third-party common stock valuation.

The vesting schedule of the management awards are broken into two tranches, (i) 50% of which vest over the requisite service period (Time based awards) up to 5 years and (ii) 50% of which become exercisable when the Company has an “exit event” (Company Sale based awards) and achieves a certain “equity multiple” on the original “sponsor investments,” all of which are defined in the Plan. The awards have terms of up to 10 years. The grant-date fair value of all Time-based awards is expensed over the 5 year vesting period. The grant date fair value of the Company Sale based awards will not be expensed unless the Company Sale condition is deemed probable. As of October 2, 2016 and July 2, 2017, the Company Sale based award condition was not deemed probable.

Total compensation expense related to share based options was $281,000 and $269,000 for the quarters ended July 2, 2017 and June 26, 2016, respectively, and $844,000 and $803,000 for the three quarters ended July 2, 2017 and June 26, 2016, respectively.

Insurance Reserves and Legal Contingencies

A number of lawsuits, claims, and proceedings have been or may be asserted against the Company relating to the conduct of its business, including those pertaining to product liability, personal injury, patent infringement, commercial liability, employment and employee compensation, and benefits. The outcome

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of any such potential litigation cannot be predicted with certainty, and any such lawsuit, claim, or proceeding may have an adverse outcome to the Company. The Company does not believe that the disposition of any such potential matter is likely to have a material adverse effect on the financial condition or liquidity of the Company.

As a consumer goods manufacturer and distributor, the Company is subject to continuing risk of product liability and related lawsuits involving claims for substantial monetary damages. The Company has general liability, product liability, and workers’ compensation insurance coverage. The Company’s insurance coverage provides that its insurers directly pay all costs related to its general liability, product liability, and workers’ compensation claims, provided, however, the Company is required to reimburse its insurance carrier for policy deductibles and certain legal costs and expenses.

Loss accruals, if and when accrued, for future claims are recorded to cover the probable retained loss portion of general liability, product liability, and workers’ compensation claims, including both asserted claims and incurred but not reported workers’ compensation claims. As of July 2, 2017 and October 2, 2016, no such loss accruals were deemed necessary by the Company. Historical experience may not be indicative of future losses, and the resolution in any reporting period of one or more of these matters could have a material adverse effect on the Company’s results of operations for that period. The Company’s medical insurance and other employee benefit insurance coverages are under fully insured plans.

The Company has a professional services agreement with two related parties, MidOcean US Advisor, L.P. (MidOcean) and VCPE III LLC (Vulcan).  As part of this agreement, an annual fee of $1,000,000, payable quarterly, is paid to the same two aforementioned parties, with 60% of the quarterly fee being paid to MidOcean and 40% being paid to Vulcan. The quarterly management fee is for executive and general management services. For the quarters ending July 2, 2017 and June 26, 2016 such fees included in operating expenses were $250,000. For the three quarters ended July 2, 2017 and June 26, 2016 such fees included in operating expenses were $750,000.

The payable to predecessor of $1,691,000 and $3,200,000 as of July 2, 2017 and June 26, 2016, respectively, on the accompanying condensed consolidated balance sheets is a related party payable related to a contingent liability.  The contingent liability is recalculated annually, at each fiscal year-end, and is recorded at fair value based on the future expected tax benefit expected to be realized on tax returns of the Company that resulted from the predecessor’s stepped up basis that was carried forward to the new owners, and amounts payable are classified between current and long term liabilities based on the expected payment timing to predecessor.

This annual payment to predecessor ceases and terminates beginning for any taxable year or portion thereof beginning with a change of control. The Company did not adjust the $1,691,000 balance as of July 2, 2017 as a definitive agreement to acquire the Company had not been signed as of that date.  

On July 17, 2017, Church & Dwight Co., Inc. (NYSE:CHD) signed a definitive agreement to acquire the Company for approximately $1 billion in cash. The transaction, which was subject to regulatory approval and other customary conditions, closed on August 7, 2017.

As of July 26, 2017 the date the consolidated financial statements were available to be issued, the Company has not identified any subsequent events, other than those previously identified, that require disclosure or inclusion in these consolidated financial statements.

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