The company said net sales for the first quarter of fiscal 2025 were $21.7 billion, down 1% from a year earlier, and that organic sales, which exclude the effects of foreign exchange and acquisitions and divestitures, rose 2%.

1. 01

   The company said net sales for the first quarter of fiscal 2025 were $21.7 billion, down 1% from a year earlier, and that organic sales, which exclude the effects of foreign exchange and acquisitions and divestitures, rose 2%.

2. 02

   The company said diluted earnings per share for Q1 were $1.61, down 12% from a year earlier, which it attributed to higher non-core restructuring charges. Core EPS was $1.93, up 5%.

3. 03

   The company said operating cash flow for Q1 was $4.3 billion and net earnings were $4.0 billion. In the same quarter, it returned nearly $4.4 billion to shareowners, including over $2.4 billion in dividend payments and over $1.9 billion in share repurchases.

4. 04

   The company said it recorded additional restructuring charges of about $0.8 billion after tax in the period ended September 30, 2024 as it completed the substantial liquidation of its operations in Argentina. The charges were primarily non-cash accumulated foreign currency translation losses, and the total incremental restructuring charges under the program from the quarter beginning December 2023 through the current quarter were about $1.2 billion after tax.

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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

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