AI English summary of an SEC filing — figures as filed
Procter & Gamble PGThe company said net sales for the quarter ended September 30, 2024 decreased 1% to $21.7 billion. Price increases of 1% were more than fully offset by unfavorable foreign exchange of 1% and rounding impacts. Excluding the impacts of acquisitions, divestitures and foreign exchange, organic sales increased 2%.
Key points
AI summaryThe company said net sales for the quarter ended September 30, 2024 decreased 1% to $21.7 billion. Price increases of 1% were more than fully offset by unfavorable foreign exchange of 1% and rounding impacts. Excluding the impacts of acquisitions, divestitures and foreign exchange, organic sales increased 2%.
Procter & Gamble said it substantially liquidated its operations in Argentina during the quarter and recorded incremental restructuring charges of approximately $0.8 billion after tax. The charges were primarily non-cash charges for accumulated foreign currency translation losses. The total incremental restructuring charges under the program were approximately $1.2 billion after tax.
The company said net earnings were $4.0 billion, a decrease of $569 million, or 12%, versus the prior year period. Diluted EPS decreased 12% to $1.61. Core EPS, which excludes incremental restructuring charges, increased 5% to $1.93.
The company said operating cash flow for the fiscal year-to-date period was $4.3 billion, a decrease of $602 million from the prior year period. Adjusted free cash flow was $3.9 billion, and adjusted free cash flow productivity was 82%.
Key figures
Quarter ended September 30, 2024
- Revenue
- $21.7B
- Operating income
- $5.8B
- Net income
- $4.0B
- EPS
- $1.61
- Operating cash flow
- $4.3B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Net sales down 1%, organic sales up 2%
The company said net sales for the quarter ended September 30, 2024 decreased 1% to $21.7 billion. Price increases of 1% were more than fully offset by unfavorable foreign exchange of 1% and rounding impacts. Excluding the impacts of acquisitions, divestitures and foreign exchange, organic sales increased 2%.
Source · Based on the MD&A text of the filing
Argentina exit and restructuring charges
Procter & Gamble said it substantially liquidated its operations in Argentina during the quarter and recorded incremental restructuring charges of approximately $0.8 billion after tax. The charges were primarily non-cash charges for accumulated foreign currency translation losses. The total incremental restructuring charges under the program were approximately $1.2 billion after tax.
Source · Based on the MD&A text of the filing
Net earnings down, Core EPS up
The company said net earnings were $4.0 billion, a decrease of $569 million, or 12%, versus the prior year period. Diluted EPS decreased 12% to $1.61. Core EPS, which excludes incremental restructuring charges, increased 5% to $1.93.
Source · Based on the MD&A text of the filing
Fiscal year-to-date operating cash flow and adjusted free cash flow
The company said operating cash flow for the fiscal year-to-date period was $4.3 billion, a decrease of $602 million from the prior year period. Adjusted free cash flow was $3.9 billion, and adjusted free cash flow productivity was 82%.
Source · Based on the MD&A text of the filing
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.
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