Core Viewpoint - Colgate-Palmolive Company reported strong first-quarter 2024 results, with both top and bottom lines exceeding expectations and showing year-over-year improvement, driven by robust sales growth and margin expansions [1][2][10] Financial Performance - Earnings per share on a non-GAAP basis were 86 cents, an 18% increase from the prior year, surpassing the Zacks Consensus Estimate of 82 cents [1] - Net sales reached $5,065 million, a 6.2% increase from the previous year, exceeding the Zacks Consensus Estimate of $4,951 million, with organic sales growth of 9.8% [2][4] - Gross profit was $3,039 million, up 12.1% year over year, with a gross profit margin expansion of 310 basis points to 60% [4][5] Segment Performance - North America saw net sales rise 4% year over year, driven by a 1.2% increase in pricing and a 2.9% rise in volume [6] - Latin America reported a 16.5% increase in net sales, with 19.7% pricing gains and a 6.2% increase in volume, despite a 9.4% unfavorable currency impact [7] - Europe experienced a 9.5% increase in net sales, with a 3.1% rise in volume and a 4.1% pricing gain [8] - Asia Pacific's net sales declined 1.5% year over year, impacted by a 2.9% decline in volumes, although organic sales improved by 1.5% [9] - Africa/Eurasia's net sales decreased 4.5% year over year, but organic sales grew 16.2% due to strong pricing and volume growth [9] Outlook - Management raised its 2024 sales forecast to 2-5% growth, with organic sales growth expected at 5-7% [10][11] - The company anticipates gross profit margin expansion driven by continued pricing gains and revenue growth management initiatives [10] - Adjusted earnings per share are expected to grow in the mid to high-single digits, with GAAP earnings per share anticipated to increase in double digits [11]

Colgate-Palmolive Company (NYSE:CL) Q1 2024 Earnings Conference Call April 26, 2024 8:30 AM ET Company Participants Noel Wallace - President, Chief Executive Officer Stan Sutula - Chief Financial Officer John Faucher - Chief Investor Relations Officer Conference Call Participants Steve Powers - Deutsche Bank Robert Ottenstein - Evercore ISI Peter Grom - UBS Filippo Falorni - Citi Andrea Teixeira - JP Morgan Bonnie Herzog - Goldman Sachs Olivia Tong - Raymond James Chris Carey - Wells Fargo Lauren Lieberman ...

For the quarter ended March 2024, Colgate-Palmolive (CL) reported revenue of $5.07 billion, up 6.2% over the same period last year. EPS came in at $0.86, compared to $0.73 in the year-ago quarter.The reported revenue represents a surprise of +2.30% over the Zacks Consensus Estimate of $4.95 billion. With the consensus EPS estimate being $0.82, the EPS surprise was +4.88%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

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 March 31, 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 as sp ...

Colgate-Palmolive Company 1Q 2024 Earnings Presentation April 26, 2024 April 2024 Notice for Investor Presentation Please review the following first quarter 2024 earnings presentation in conjunction wi ...

Exhibit 99 Colgate Announces 1st Quarter 2024 Results • Net sales increased 6.2%; Organic sales* increased 9.8% • GAAP EPS increased 84% to $0.83; Base Business EPS* increased 18% to $0.86 • GAAP Gross profit margin and Base Business Gross profit margin* increased 310 basis points to 60.0% • Net cash provided by operations was $681 million for the first three months of 2024 • Colgate’s leadership in toothpaste continued with its global market share at 41.3% year to date • Colgate’s leadership in manual toot ...

Winston Churchill reportedly told the House of Commons, “Democracy is the worst form of government, except for all the others that have been tried.” You can say pretty much the same thing about dividend investing. It’s the worst investment strategy, except for all the others that have been devised.Studies show that stocks outperform all other asset classes over time, and companies that pay dividends consistently outperform all other stocks. Thus, investing in dividend-paying companies is the best path to cr ...

Colgate-Palmolive Company (CL) is expected to register top-line growth in its first-quarter 2024 numbers on Apr 26, before the opening bell. The Zacks Consensus Estimate for first-quarter revenues is pegged at $4.95 billion, indicating a rise of 3.8% from the year-ago quarter’s reported figure.The consensus estimate for the company’s earnings is pegged at 82 cents per share, suggesting growth of 12.3% from the year-ago quarter’s reported figure.  The Zacks Consensus Estimate for earnings for the quarter has ...

Colgate-Palmolive Company (CL) is slated to report first-quarter 2024 earnings on Apr 26. The New York City-based company has been reporting steady earnings outcomes, as evident from its positive top and bottom-line surprise trends in the trailing four quarters. CL has a trailing four-quarter earnings surprise of 4.2%, on average. Additionally, the company’s top line surpassed the Zacks Consensus Estimate in the trailing five quarters. Given the company’s positive record, the question is, can it maintain th ...

Wall Street analysts expect Colgate-Palmolive (CL) to post quarterly earnings of $0.82 per share in its upcoming report, which indicates a year-over-year increase of 12.3%. Revenues are expected to be $4.95 billion, up 3.8% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior ...