Procter & Gamble (PG) Posts Q4 EPS of $1.00

Procter & Gamble (NYSE: PG) reported Q4 EPS of $1.00, $0.05 better than the analyst estimate of $0.95. Revenue for the quarter came in at $17.79 billion versus the consensus estimate of $17.94 billion.

Excluding the impact of foreign exchange, currency-neutral core earnings per share increased 22%. Diluted net earnings per share were $0.18 including the one-time Venezuela charge of $0.71 per share and non-core restructuring costs of $0.07 per share. Organic sales were unchanged for the quarter as a three percentage point benefit from pricing and mix was offset by lower shipment volume. Net sales were $17.8 billion, a decrease of nine percent versus the prior year period driven by a negative nine percentage point impact from foreign exchange.

“In fiscal 2015, P&G delivered strong, double-digit constant currency core EPS growth and very good free cash flow productivity of over 100% on modest organic sales growth,” said Chairman, President, and Chief Executive Officer A.G. Lafley. “We made significant productivity gains and have largely executed the reshaping of our business portfolio. Going forward, our objective is to deliver balanced results across the three main drivers of operating total shareholder return - sales growth, operating profit margin expansion and free cash flow generation. We expect continued strong cost savings and free cash flow productivity, and we are investing behind product innovation to support an improvement in top-line growth.”

For earnings history and earnings-related data on Procter & Gamble (PG) click here.

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