Colgate-Palmolive (CL) Reports In-Line Q4 EPS
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Colgate Announces 4th Quarter and Full Year 2016 Results
January 27, 2017 6:55 AM ESTNEW YORK--(BUSINESS WIRE)-- Colgate-Palmolive Company (NYSE: CL) today reported worldwide Net sales of $3,721 million in fourth quarter 2016, a decrease of 4.5% versus fourth quarter 2015. Global unit volume decreased 5.5%, pricing increased 2.5% and foreign exchange was negative 1.5%. Excluding the impact of the deconsolidation of the Companys Venezuelan operations, unit volume decreased 1.0%. Organic sales (Net sales excluding the impact of foreign exchange, acquisitions, divestments and the deconsolidation of the Companys Venezuelan operations) grew 1.5%.
Net income and Diluted earnings per share in fourth quarter 2016 were $606 million and $0.68, respectively. Net income in fourth quarter 2016 included $54 million ($0.06 per... More
