The company said worldwide net sales for Q2 2024 were $5,058, up 4.9% from Q2 2023. It said volume growth of 4.7% and higher net selling prices of 4.2% were partly offset by foreign exchange of -4.1%. Organic sales, a non-GAAP measure, rose 9.0%.

1. 01

   The company said worldwide net sales for Q2 2024 were $5,058, up 4.9% from Q2 2023. It said volume growth of 4.7% and higher net selling prices of 4.2% were partly offset by foreign exchange of -4.1%. Organic sales, a non-GAAP measure, rose 9.0%.

2. 02

   The company said its gross profit margin for Q2 2024 rose to 60.6% from 57.8%, and operating profit increased 12% to $1,092. Excluding charges related to the 2022 Global Productivity Initiative, operating profit was $1,118, up 13%.

3. 03

   Colgate-Palmolive said net income attributable to the company for Q2 2024 rose to $731 from $502 a year earlier, and diluted earnings per share increased to $0.89 from $0.60. Excluding certain items, net income was $753 and earnings per share were $0.91.

4. 04

   The company said net cash provided by operating activities for the first six months of 2024 was $1,671, up 15% from $1,457 a year earlier. As of June 30, 2024, total debt was $8,676 and commercial paper outstanding was $1,607.

Key figures

Quarter ended June 30, 2024

Revenue

$5.1B

Operating income

$1.1B

Net income

$731M

EPS

$0.89

Gross profit

$3.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.