Colgate-Palmolive (CL) Results Viewed 'Favorably' After Topping Expectations
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July 29, 2022 7:00 AM EDT
NEW YORK--(BUSINESS WIRE)--
Colgate-Palmolive Company has named Stephan Habif Chief Technology Officer, responsible for the Companys global Research & Development organization, effective September 1, 2022. He will lead the team of scientists and engineers creating the innovative products and packaging that are supporting growth of Colgate's oral care, pet nutrition, skin health and other businesses.
Mr. Habif, previously Senior Vice President, Research & Innovation for LOreal, succeeds Patricia Verduin, who has announced her plans to retire at the end of the year after 15 years of distinguished service to Colgate.
Mr. Habif has more than 25 years leading Research and... More
July 29, 2022 6:55 AM EDT
NEW YORK--(BUSINESS WIRE)--
Colgate-Palmolive Company (NYSE: CL):
Net sales increased 5.5%; Organic sales* increased 9.0% with growth in every division and all four categories
GAAP EPS declined 13% to $0.72; Base Business EPS* declined 10% to $0.72
GAAP Gross profit margin and Base Business Gross profit margin* both decreased 300 basis points to 57.0%
Net cash provided by operations was $914 million for the first six months of 2022
Colgates leadership in toothpaste continued with its global market share at 39.6% year to date
Colgates leadership in manual toothbrushes...
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