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Colgate-Palmolive logoColgate-Palmolive CL

The company said net sales for Q3 2024 were $5,033 million, up 2.4% from $4,915 million a year earlier, and organic sales rose 6.8%. GAAP diluted EPS for the same quarter was $0.90.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said net sales for Q3 2024 were $5,033 million, up 2.4% from $4,915 million a year earlier, and organic sales rose 6.8%. GAAP diluted EPS for the same quarter was $0.90.

  2. Colgate-Palmolive reported that GAAP gross profit margin for Q3 2024 was 61.1%, up 260 basis points from 58.5% a year earlier, and operating profit was $1,065 million. Advertising expense for the same quarter was $694 million, compared with $598 million a year earlier.

  3. The company now expects full-year 2024 net sales growth of 3% to 5% (versus 2% to 5% previously) and organic sales growth of 7% to 8% (versus 6% to 8% previously), based on current spot rates. The net sales outlook includes a mid-single-digit negative impact from foreign exchange.

  4. The company reported that net cash provided by operations for the first 9 months of 2024 was $2,838 million. After deducting capital expenditures of $377 million, free cash flow before dividends was $2,461 million. Over the same period, dividends paid were $1,275 million and purchases of treasury shares were $1,284 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Colgate Reports Q3 2024 Net Sales of $5,033 million, Organic Sales Up 6.8%

The company said net sales for Q3 2024 were $5,033 million, up 2.4% from $4,915 million a year earlier, and organic sales rose 6.8%. GAAP diluted EPS for the same quarter was $0.90.

Source · Based on the filing body and exhibits

Q3 GAAP gross profit margin 61.1%, advertising $694 million

Colgate-Palmolive reported that GAAP gross profit margin for Q3 2024 was 61.1%, up 260 basis points from 58.5% a year earlier, and operating profit was $1,065 million. Advertising expense for the same quarter was $694 million, compared with $598 million a year earlier.

Source · Based on the filing body and exhibits

Full-Year 2024 Outlook: Net Sales 3% to 5%, Organic Sales 7% to 8%

The company now expects full-year 2024 net sales growth of 3% to 5% (versus 2% to 5% previously) and organic sales growth of 7% to 8% (versus 6% to 8% previously), based on current spot rates. The net sales outlook includes a mid-single-digit negative impact from foreign exchange.

Source · Based on the filing body and exhibits

First 9 Months Operating Cash Flow $2,838 million, Free Cash Flow $2,461 million

The company reported that net cash provided by operations for the first 9 months of 2024 was $2,838 million. After deducting capital expenditures of $377 million, free cash flow before dividends was $2,461 million. Over the same period, dividends paid were $1,275 million and purchases of treasury shares were $1,284 million.

Source · Based on the filing body and exhibits

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.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.