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Colgate-Palmolive logoColgate-Palmolive CL

The company said net sales for Q3 2024 rose to $5,033 million from $4,915 million a year earlier, up 2.4%, and that organic sales, a non-GAAP measure, rose 6.8%.

8-K/AResults of Operations and Financial Condition (amended)Amended filingFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said net sales for Q3 2024 rose to $5,033 million from $4,915 million a year earlier, up 2.4%, and that organic sales, a non-GAAP measure, rose 6.8%.

  2. Colgate-Palmolive said its GAAP gross profit margin for Q3 2024 was 61.1%, up 260 basis points. It said GAAP diluted EPS was $0.90 and Base Business EPS was $0.91.

  3. The company reported net cash provided by operations of $2,838 million for the first 9 months of 2024. It said free cash flow before dividends, after deducting capital expenditures of $377 million, was $2,461 million.

  4. Colgate-Palmolive set its 2024 full-year net sales growth outlook at 3% to 5%, versus 2% to 5% previously, and its organic sales growth outlook at 7% to 8%, versus 6% to 8% previously. It said its Base Business EPS growth outlook is 10% to 11%, versus 8% to 11% previously.

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.

Q3 2024 Net Sales and Organic Sales Growth

The company said net sales for Q3 2024 rose to $5,033 million from $4,915 million a year earlier, up 2.4%, and that organic sales, a non-GAAP measure, rose 6.8%.

Source · Based on the filing body and exhibits

Q3 Gross Margin and Earnings Per Share

Colgate-Palmolive said its GAAP gross profit margin for Q3 2024 was 61.1%, up 260 basis points. It said GAAP diluted EPS was $0.90 and Base Business EPS was $0.91.

Source · Based on the filing body and exhibits

9-Month Operating Cash Flow and Free Cash Flow

The company reported net cash provided by operations of $2,838 million for the first 9 months of 2024. It said free cash flow before dividends, after deducting capital expenditures of $377 million, was $2,461 million.

Source · Based on the filing body and exhibits

2024 Full-Year Outlook Revised

Colgate-Palmolive set its 2024 full-year net sales growth outlook at 3% to 5%, versus 2% to 5% previously, and its organic sales growth outlook at 7% to 8%, versus 6% to 8% previously. It said its Base Business EPS growth outlook is 10% to 11%, versus 8% to 11% previously.

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.

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.