-=Colgate-Palmolive (CL) : $5 billion share repurchase program

Colgate-Palmolive authorized the repurchase of up to $5 billion under a new share repurchase program 
The Company will commence the repurchase of shares of the Company's common stock under the new program after June 18, 2018. As of March 31, 2018, the Company had approximately 872 million shares of common stock outstanding.

-=Colgate-Palmolive (CL) reported earnings on Fri 26 Jan 2018 (BMO)

• Colgate's quarterly sales fall short of estimates

(Reuters) - Colgate-Palmolive Co (CL.N) reported lower-than-expected quarterly sales on Friday along with a drop in profit for a charge related to the new U.S. tax law, driving shares of the world's largest toothpaste maker 4 percent lower.

Colgate said it expects sales growth in 2018 but the forecast did nothing to shake the impression of stagnation that has dogged Colgate and other consumer goods producers in the past year.

While the S&P 500 has risen more than 50 percent in the past year, Colgate shares are up less than 15 percent and it has missed sales estimates in five of the past six quarters.

Chief Executive Officer Ian Cook said the global market in the company's core dental-care business remained "challenging".

For 2018, Colgate said it expected mid-single-digit net sales growth and low- to mid-single-digit organic sales growth, along with double-digit earnings per share growth.

Sales rose 4.5 percent to $3.9 billion in the fourth quarter ended Dec. 31, but analysts on average had expected sales of $3.92 billion, according to Thomson Reuters I/B/E/S.

Net income fell to $323 million, or 37 cents per share, from $606 million, or 68 cents per share, largely due to a $275 million charge from changes to the U.S. tax code.

=Colgate-Palmolive (CL) reported earnings on Fri 21 July 2017 (b/o)

Colgate-Palmolive reports EPS in-line, misses on revs; tempers outlook for organic sales growth :

• Reports Q2 (Jun) earnings of $0.72 per share, excluding non-recurring items, in-linewith the Capital IQ Consensus of $0.72; revenues fell 0.5% year/year to $3.83 bln vs the $3.89 bln Capital IQ Consensus.
• Co reaffirms expectation for a low-single-digit net s ales increase for 2017, now expects low-single-digit organic sales growth for 2017; now expects mid-single-digit earnings per share percentage decline on a dollar basis. Consensus calls for 2% sales growth and 4% EPS growth.
  • "As we look ahead, uncertainty in global markets and slowing category growth worldwide remain challenging. Based on current spot rates, we continue to expect a low-single-digit net sales increase for 2017, and given our slower than expected first half, we are now planning for low-single-digit organic sales growth for 2017."
  •   "We are pleased with the progress of our 2012 Restructuring Program, and, as we have previously said, we continue to pursue additional savings opportunities, especially given the current challenging environment. In the second quarter, we identified additional opportunities under our Program that take us to the upper end of our previously disclosed cost and savings ranges. As a result, on a GAAP basis, based on current spot rates, we are planning for a year of gross margin expansion and now expect a mid-single-digit earnings per share percentage decline on a dollar basis."
  • "Excluding charges resulting from the 2012 Restructuring Program and the other 2016 one-time items previously disclosed, based on current spot rates, we continue to plan for a year of strong operating cash flow, gross margin expansion, increased advertising investment and low-single-digit earnings per share growth on a dollar basis."

Colgate-Palmolive (CL) reported earnings on Fri 27 Jan 2017 (b/o)

** charts after earnings **

Colgate-Palmolive reports EPS in-line, misses on revs; expects a low-single digit net sales increase for FY17 :

• Reports Q4 (Dec) earnings of $0.75 per share, excluding $0.06 per diluted share of aftertax charges resulting from the Company's Global Growth and Efficiency Program and an aftertax charge of $0.01 per diluted share for a previously disclosed litigation matter, in-line with the Capital IQ Consensus of $0.75; revenues fell 4.6% year/year to $3.72 bln vs the $3.87 bln Capital IQ Consensus.
• Gross profit margin was 60.4% in fourth quarter 2016 versus 58.8% in fourth quarter 2015. Excluding charges from the 2012 Restructuring Program in both periods, Gross profit margin was 60.8% in fourth quarter 2016, an increase of 180 basis points versus the year ago quarter.
• Guidance:
• "As we look ahead, uncertainty in global markets and foreign exchange volatility remain challenging, which sees us redoubling our focus on profitable growth. While based on current spot rates, we expect a low-single-digit net sales increase for 2017, we anticipate another year of solid organic sales growth driven by a full new product pipeline, engaging marketing programs and strong advertising support. "On a GAAP basis, based on current spot rates, we are planning for a year of gross margin expansion and expect earnings per share on a dollar basis to be flat. "Excluding charges related to the 2012 Restructuring Program and the other 2016 one-time items noted above, based on current spot rates, we are planning for a year of strong operating cash flow, gross margin expansion and increased advertising investment and expect low-single-digit earnings per share growth on a dollar basis."
• "Excluding charges related to the 2012 Restructuring Program and the other 2016 one-time items noted above, based on current spot rates, we are planning for a year of strong operating cash flow, gross margin expansion and increased advertising investment and expect low-single-digit earnings per share growth on a dollar basis."

Colgate-Palmolive (CL) reported earnings on Fri 30 Oct 2015 (b/o)

** charts after earnings **

 

NEW YORK--(BUSINESS WIRE)-- Colgate-Palmolive Company (NYSE:CL) today reported worldwide Net sales of $3,999 million in third quarter 2015, a decrease of 8.5% versus third quarter 2014. Global unit volume grew 1.0%, pricing increased 3.5% and foreign exchange was negative 13.0%. Divestments decreased volume by 0.5%. Organic sales (Net sales excluding foreign exchange, acquisitions and divestments) grew 5.0%.

Net income and Diluted earnings per share in third quarter 2015 were $726 million and $0.80, respectively. Net income in third quarter 2015 included an aftertax gain of $120 million ($0.13 per diluted share) from the previously disclosed sale of the Company's laundry detergent business in the South Pacific and $47 million ($0.05 per diluted share) of aftertax charges resulting from the implementation of the Company's four-year Global Growth and Efficiency Program (the "2012 Restructuring Program") and an effective devaluation in Venezuela.

Net income and Diluted earnings per share in third quarter 2014 were $542 million and $0.59, respectively. Net income in third quarter 2014 included $159 million ($0.17 per diluted share) of aftertax charges resulting from the items described in Table 8.

Excluding the above noted items in both periods, Net income in third quarter 2015 was $653 million, a decrease of 7% versus third quarter 2014, and Diluted earnings per share in third quarter 2015 was $0.72, a decrease of 5% versus third quarter 2014. On a currency-neutral basis and excluding the above noted items in both periods, Diluted earnings per share increased double digit.