Colgate-Palmolive(CL)
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Colgate-Palmolive(CL) - 2024 Q3 - Earnings Call Presentation
2024-10-25 15:26
COLGATE-PALMOLIVE COMPANY 3Q 2024 EARNINGS PRESENTATION OCTOBER 25, 2024 October 2024 Notice for Investor Presentation Please review the following third quarter 2024 earnings presentation in conjunction with our third quarter 2024 earnings press release, our third quarter 2024 prepared management remarks, our third quarter 2024 Quarterly Report on Form 10-Q and additional information regarding our non-GAAP financial measures, including GAAP to non-GAAP reconciliations, which are available in the Investor Ce ...
Colgate-Palmolive(CL) - 2024 Q3 - Earnings Call Transcript
2024-10-25 15:25
Colgate-Palmolive Company (NYSE:CL) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET Company Participants John Faucher - Chief Investor Relations Officer & SVP, M&A Noel Wallace - President & CEO Stan Sutula - CFP Conference Call Participants Dara Mohsenian - Morgan Stanley Filippo Falorni - Citi Robert Moskow - TD Cowen Bonnie Herzog - Goldman Sachs Kevin Grundy - BNP Lauren Lieberman - Barclays Kaumil Gajrawala - Jefferies Chris Carey - Wells Fargo Olivia Tong - Raymond James Robert Ottenstein ...
Compared to Estimates, Colgate-Palmolive (CL) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-25 14:35
Core Insights - Colgate-Palmolive reported revenue of $5.03 billion for Q3 2024, a year-over-year increase of 2.4% and a surprise of +0.48% over the Zacks Consensus Estimate of $5.01 billion [1] - The company's EPS for the quarter was $0.91, compared to $0.86 a year ago, resulting in an EPS surprise of +3.41% against the consensus estimate of $0.88 [1] Revenue Performance by Region - North America: Net Sales of $1 billion, exceeding the estimate of $998.89 million, with a year-over-year change of +1.4% [1] - Latin America: Net Sales of $1.16 billion, slightly below the estimate of $1.19 billion, reflecting a year-over-year decline of -3.2% [1] - Africa/Eurasia: Net Sales of $278 million, surpassing the estimate of $266.72 million, with a year-over-year increase of +4.5% [1] - Europe: Net Sales of $744 million, close to the estimate of $748.33 million, showing a year-over-year change of +2.6% [1] - Asia Pacific: Net Sales of $725 million, exceeding the estimate of $701.56 million, with a year-over-year increase of +6.3% [1] - Pet Nutrition: Net Sales of $1.13 billion, above the estimate of $1.10 billion, reflecting a year-over-year increase of +6.4% [1] - Total Oral, Personal and Home Care: Net Sales of $3.91 billion, matching the average estimate, with a year-over-year change of +1.3% [1] Profitability Metrics - Total Oral, Personal and Home Care Operating Profit: $1.02 billion, below the estimate of $1.07 billion [1] - Corporate Operating Profit: -$208 million, compared to the average estimate of -$199.14 million [1] - Pet Nutrition Operating Profit: $258 million, exceeding the estimate of $217.20 million [1] Stock Performance - Colgate-Palmolive shares have returned -3.2% over the past month, while the Zacks S&P 500 composite has changed by +1.4% [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]
Colgate-Palmolive lifts lower end of full-year sales guidance after beating Q3 estimates
Proactiveinvestors NA· 2024-10-25 13:37
Group 1 - Proactive specializes in providing fast, accessible, and informative business and finance news content to a global investment audience [1][2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [2] Group 2 - Proactive adopts advanced technology to enhance workflows, utilizing automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [2]
Colgate-Palmolive (CL) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-25 13:06
Group 1: Earnings Performance - Colgate-Palmolive reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.88 per share, and up from $0.86 per share a year ago, representing an earnings surprise of 3.41% [1] - The company achieved revenues of $5.03 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.48%, compared to $4.92 billion in the same quarter last year [1] - Over the last four quarters, Colgate-Palmolive has consistently surpassed consensus EPS and revenue estimates [1] Group 2: Stock Performance and Outlook - Colgate-Palmolive shares have increased approximately 25.1% since the beginning of the year, outperforming the S&P 500's gain of 21.8% [2] - The company's earnings outlook is crucial for investors, as trends in earnings estimate revisions are strongly correlated with near-term stock movements [3] - The current consensus EPS estimate for the upcoming quarter is $0.91 on revenues of $5.08 billion, and for the current fiscal year, it is $3.57 on revenues of $20.21 billion [4] Group 3: Industry Context - The Soap and Cleaning Materials industry, to which Colgate-Palmolive belongs, is currently ranked in the top 9% of over 250 Zacks industries, indicating a favorable outlook [5] - Clorox, another company in the same industry, is expected to report quarterly earnings of $1.36 per share, reflecting a year-over-year increase of 177.6%, with revenues projected at $1.63 billion, up 17.6% from the previous year [5]
Colgate-Palmolive(CL) - 2024 Q3 - Quarterly Report
2024-10-25 12:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________ to________ . Commission File Number: 1-644 COLGATE-PALMOLIVE COMPANY (Exact name of registrant a ...
Colgate-Palmolive Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-10-25 08:06
Colgate-Palmolive Company CL will release earnings results for its third quarter, before the opening bell on Friday, Oct. 25.Analysts expect the New York-based company to report quarterly earnings at 88 cents per share, compared to 86 cents per share in the year-ago period. Colgate-Palmolive projects to report revenue of $5 billion for the quarter, according to data from Benzinga Pro.On Sept. 12, the company's board declared a quarterly cash dividend of 50 cents per common share.Colgate-Palmolive shares gai ...
Insights Into Colgate-Palmolive (CL) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-10-22 14:21
Core Insights - Colgate-Palmolive (CL) is expected to report quarterly earnings of $0.88 per share, a 2.3% increase year-over-year, with revenues projected at $5.01 billion, reflecting a 1.9% increase [1] - The consensus EPS estimate has remained stable over the past 30 days, indicating analysts' reassessment of their initial forecasts [1] - Analysts emphasize the importance of earnings estimate revisions in predicting investor reactions and stock performance [1] Revenue Forecasts - Analysts predict 'Net Sales- Pet Nutrition' will reach $1.10 billion, a 3.5% increase from the prior year [2] - 'Net Sales- Total Oral, Personal and Home Care' is expected to be $3.90 billion, indicating a 1.2% year-over-year increase [2] - 'Net Sales- Oral, Personal and Home Care- North America' is forecasted at $999.71 million, reflecting a 1% increase from the previous year [2] Regional Sales Estimates - 'Net Sales- Oral, Personal and Home Care- Latin America' is expected to be $1.19 billion, showing a slight decline of 0.3% year-over-year [3] - 'Net Sales- Oral, Personal and Home Care- Africa/Eurasia' is projected at $266.72 million, a 0.3% increase from the prior year [3] - 'Net Sales- Oral, Personal and Home Care- Europe' is estimated at $746.52 million, reflecting a 3% increase year-over-year [3] - 'Net Sales- Oral, Personal and Home Care- Asia Pacific' is expected to reach $700.99 million, indicating a 2.8% increase from the previous year [3] Operating Profit Estimates - 'Operating profit- Total Oral, Personal and Home Care' is projected to be $1.07 billion, up from $1.02 billion reported in the same quarter last year [3] - 'Operating profit- Pet Nutrition' is estimated at $217.20 million, compared to $201 million in the prior year [4] - 'Operating profit- Oral, Personal and Home Care- North America' is forecasted at $227.01 million, slightly down from $231 million reported last year [4] - 'Operating profit- Oral, Personal and Home Care- Latin America' is expected to reach $405.27 million, up from $372 million in the previous year [4] - 'Operating profit- Oral, Personal and Home Care- Africa/Eurasia' is estimated at $68.01 million, compared to $66 million reported last year [4] Stock Performance - Over the past month, Colgate-Palmolive shares have declined by 3.8%, while the Zacks S&P 500 composite has increased by 2.8% [5] - The company holds a Zacks Rank 3 (Hold), suggesting it will likely perform in line with the overall market in the near term [5]
Pricing to Aid CL's Q3 Earnings: Should Investors Take Advantage?
ZACKS· 2024-10-21 15:26
Colgate-Palmolive Company (CL) is expected to register top and bottom-line growth when it reports its third-quarter 2024 numbers on Oct. 25, before the opening bell. The Zacks Consensus Estimate for third-quarter revenues is pegged at $5.01 billion, indicating a rise of 1.9% from the year-ago quarter’s reported figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The consensus estimate for the company’s earnings is pegged at 88 cents per share, suggesting growth of 2.3% from the y ...
Colgate-Palmolive: Very Close To A Buy Following Recent Pullback
Seeking Alpha· 2024-10-17 12:42
Core Insights - Colgate-Palmolive Company (NYSE: CL) is a global manufacturer and seller of consumer products, with a strong presence in household items such as toothpaste and dish soap [1] Company Overview - The company offers a variety of well-known products, including Colgate and Tom's of Maine toothpaste, Palmolive dish soap, and Irish Spring [1] Analyst Background - The article is authored by an analyst with over 10 years of experience in the investment arena, holding a master's degree in Analytics and a bachelor's degree in Accounting [1] Investment Position - The analyst has a beneficial long position in Colgate-Palmolive shares, indicating confidence in the company's future performance [1]