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The Procter & Gamble Company (PG) 2022 Annual Meeting of Shareholders Transcript
2022-10-17 13:21
Summary of Procter & Gamble Company 2022 Annual Meeting of Shareholders Company Overview - **Company**: The Procter & Gamble Company (NYSE: PG) - **Date of Meeting**: October 11, 2022 - **Participants**: Jon Moeller (Chairman, President, and CEO), Andre Schulten (CFO), Susan Whaley (Chief Legal Officer), and other board members and executives Key Points and Arguments Financial Performance - **Fiscal 2022 Performance**: - Organic sales grew by 7% - Core earnings per share increased by 3% - Currency neutral core earnings per share rose by 5% - Adjusted free cash flow productivity was at 93% [20][21] - **Sales Growth**: - Sales increased by 13% over the last two fiscal years and by 19% over the last three years - All 10 product categories experienced organic sales growth [20] - **E-commerce Growth**: - E-commerce sales rose by 11%, accounting for 14% of total company sales [21] Shareholder Returns - **Value Returned to Shareholders**: Nearly $19 billion through $8.8 billion in dividends and $10 billion in share repurchases - **Dividend History**: - Quarterly dividend of $0.9133 per share declared, marking 132 consecutive years of dividend payments and 66 consecutive years of increases [19][21] Strategic Focus - **Integrated Strategies**: - Emphasis on a focused portfolio of daily use products, superior performance, and productivity to drive growth and value creation [23][24] - **Response to Inflation**: - Commitment to delivering superior value through product performance and pricing strategies to mitigate inflation impacts [39] - **Sustainability Initiatives**: - Integration of sustainability into product and supply chain innovations [31][33] Governance and Board Composition - **Board of Directors**: - 11 nominees for election, with 45% being women and 45% identifying as ethnically or racially diverse [12][13] - **Independent Auditor**: - Ratification of Deloitte and Touche as the independent registered public accounting firm received at least 94% support [36] Challenges and Market Conditions - **Operating Environment**: - Acknowledgment of ongoing operational cost and currency challenges, alongside inflation levels not seen in 40 years [23][51] - **Market Position**: - Stock price performance aligned with broader market trends, influenced by geopolitical situations and inflation [51][52] Community Engagement - **Disaster Relief Efforts**: - Deployment of products to assist Hurricane Ian victims, demonstrating commitment to community support [45] - **Social Responsibility**: - Focus on equality and inclusion, with efforts to support various social programs while maintaining business success [73][74] Additional Important Content - **Future Strategy**: - Plans to enhance supply chain resilience, digital capabilities, and employee value propositions to strengthen overall business performance [30][31] - **Consumer Education**: - Initiatives to educate consumers on product value and performance, particularly in the context of rising costs [39][59] - **Political Contributions**: - Clarification on P&G's bipartisan political action committee and its focus on long-term business interests [60][61] This summary encapsulates the key discussions and outcomes from the Procter & Gamble Company’s 2022 Annual Meeting of Shareholders, highlighting financial performance, strategic initiatives, governance, and community engagement efforts.
P&G(PG) - 2022 Q4 - Annual Report
2022-08-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark one) [x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 TRUE For the Fiscal Year Ended June 30, 2022 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 False For the transition period from to Commission File No. 1-434 Cincinnati THE PROCTER & GAMBLE COMPANY OH One Procter & Gamble Plaza One Procter & Gamble Plaza, Cincinnati, Ohio 45202 45 ...
P&G(PG) - 2022 Q4 - Earnings Call Transcript
2022-07-29 15:16
The Procter & Gamble Company (NYSE:PG) Q4 2022 Earnings Conference Call July 29, 2022 9:00 AM ET Company Participants Andre Schulten - Chief Financial Officer Jon Moeller - President & Chief Executive Officer John Chevalier - SVP, IR Conference Call Participants Bryan Spillane - Bank of America Stephen Powers - Deutsche Bank Dara Mohsenian - Morgan Stanley Lauren Lieberman - Barclays Jason English - Goldman Sachs Kevin Grundy - Jefferies Robert Ottenstein - Evercore ISI Kaumil Gajrawala - Credit Suisse Chri ...
P&G(PG) - 2022 Q3 - Earnings Call Transcript
2022-04-20 12:30
Good morning, and welcome to Procter & Gamble's quarter-end conference call. Today's event is being recorded for replay. This discussion will include a number of forward-looking statements. If you will refer to P&G's most recent 10-K, 10-Q, and 8-K reports, you will see a discussion of factors that could cause the company's actual results to differ materially from these projections. As required by Regulation G, Procter & Gamble needs to make you aware that during the discussion, the company will make a numb ...
P&G(PG) - 2022 Q3 - Quarterly Report
2022-04-19 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) x True QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 OR o False TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to THE PROCTER & GAMBLE COMPANY (Exact name of registrant as specified in its charter) Ohio OH 1-434 31-0411980 (State of Incorporation) (Commissi ...
P&G(PG) - 2022 Q2 - Quarterly Report
2022-01-18 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) x True QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2021 OR o False TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to THE PROCTER & GAMBLE COMPANY (Exact name of registrant as specified in its charter) Ohio OH 1-434 31-0411980 (State of Incorporation) (Commi ...