Colgate-Palmolive (CL) Reports In-Line Q2 EPS

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Go back to Colgate-Palmolive (CL) Reports In-Line Q2 EPS

Colgate Announces 2nd Quarter 2017 Results

July 21, 2017 6:55 AM EDT

NEW YORK--(BUSINESS WIRE)-- Colgate-Palmolive Company (NYSE: CL) today reported worldwide Net sales of $3,826 million in second quarter 2017, a decrease of 0.5% versus second quarter 2016. Global unit volume decreased 1.0%, pricing increased 1.0% and foreign exchange was negative 0.5%. Organic sales (Net sales excluding the impact of foreign exchange, acquisitions and divestments) were even with the year ago period.

Net income and Diluted earnings per share in second quarter 2017 were $524 million and $0.59, respectively. Net income in second quarter 2017 included $115 million ($0.13 per diluted share) of aftertax charges resulting from the Companys Global Growth and Efficiency Program (the 2012 Restructuring Program).... More