Welcome to our dedicated page for Colgate Palmolive news (Ticker: CL), a resource for investors and traders seeking the latest updates and insights on Colgate Palmolive stock.
Colgate-Palmolive Company reports developments across a global consumer-products business focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Company news commonly covers quarterly and annual results, organic sales trends, margin and advertising outlook, the Hill's Pet Nutrition business, product and brand activity across Colgate, Palmolive, Softsoap, EltaMD, Fabuloso and related brands, and updates tied to its operations in more than 200 countries and territories.
Recurring announcements also include dividend actions, board and governance changes, earnings webcasts, sustainability and community programs such as Colgate Bright Smiles, Bright Futures, oral-health partnerships, and actions under the company's Strategic Growth and Productivity Program.
Colgate-Palmolive Company (NYSE:CL) will host a live webcast of its Q3 2022 earnings conference call on October 28, 2022, at 8:30 a.m. ET. The call will feature key executives, including CEO Noel Wallace and CFO Stan Sutula. Prepared materials will be available at 7:00 a.m. ET on the company's website. Colgate-Palmolive sells products across various categories such as Oral Care and Home Care in over 200 countries, promoting sustainability and community well-being initiatives, including dental health programs that have benefited over 1.4 billion children.
Tom's of Maine has launched its inaugural Incubator initiative to support BIPOC leaders in environmental solutions, offering $20,000 in funding to five selected changemakers. The seven-month program encourages young voices to engage in climate change discussions, emphasizing representation in the movement. Applications are open from September 28 to October 19, 2022, with winners announced in November 2022. The initiative aligns with Tom's of Maine's commitment to sustainability and community support, as articulated by General Manager Cristiane Martini.
Colgate-Palmolive Company (NYSE: CL) has received approval for its Net Zero emissions reduction targets from the Science Based Targets initiative (SBTi), making it the first large multinational in the Consumer Durables sector to do so. Colgate aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030 from a 2020 baseline, increase renewable electricity sourcing to 100% by 2030, and achieve Net Zero GHG emissions across its value chain by 2040. This commitment aligns with the Paris Agreement's goal to limit global warming to 1.5°C.
The Board of Directors of Colgate-Palmolive Company (NYSE:CL) has declared a quarterly cash dividend of $0.47 per common share. This dividend is payable on November 15, 2022, to shareholders on record as of October 21, 2022. Notably, the company has maintained uninterrupted dividend payments since 1895, showcasing its commitment to shareholder returns.
Prabha Narasimhan has been appointed as the Managing Director and CEO of Colgate-Palmolive (India) Limited, effective immediately. With almost 25 years of experience across various sectors, she previously held a key leadership role at Hindustan Unilever, driving significant success in the Home Care category. Mukul Deoras, President of the Asia-Pacific Division, expressed confidence in her ability to enhance the company's performance in the Indian market, which is already a leader in Oral Care products under the Colgate brand.
Colgate-Palmolive (NYSE:CL) will present at the Barclays 2022 Global Consumer Staples Conference on September 7, 2022, at 10:30 a.m. ET. CEO Noel Wallace will lead the presentation, which will be accessible via live webcast on Colgate’s website. A recorded version will also be available for those unable to attend live. Colgate-Palmolive continues to focus on oral care, personal care, home care, and pet nutrition, reaching consumers in over 200 countries with brands like Colgate, Palmolive, and Hill’s Science Diet.
Colgate-Palmolive Company plans to acquire three dry pet food manufacturing plants from Red Collar Pet Foods for $700 million. The facilities, located in South Carolina, Oklahoma, and Ohio, will enhance Hill’s Pet Nutrition’s production capabilities. Approximately 350 employees will be transferred to Colgate-Palmolive. The acquisition aligns with Hill's commitment to grow its product offerings and improve services to retailers and veterinarians. The transaction is pending regulatory approval and won't materially affect earnings in 2022.
Colgate-Palmolive Company has appointed Stephan Habif as the new Chief Technology Officer, effective September 1, 2022. Habif, who previously served as Senior Vice President at L’Oreal, will oversee the global Research & Development organization focusing on innovation in oral care, pet nutrition, and skin health. He succeeds Patricia Verduin, who is retiring after 15 years. Chairman and CEO Noel Wallace praised Verduin's contributions, emphasizing the importance of R&D in driving growth and sustainability.
Colgate-Palmolive Company (NYSE:CL) reported a 5.5% increase in net sales and a 9.0% growth in organic sales for Q2 2022, with all divisions experiencing growth. However, GAAP EPS fell 13% to $0.72 due to rising costs. The company maintains a 39.6% market share in toothpaste. Despite significant raw material cost pressures, Colgate raised its full-year organic sales growth guidance to 5%-7%. The decline in gross profit margin, attributed to logistics and material costs, was noted, alongside ongoing efforts to manage pricing and costs.
Colgate-Palmolive Company (NYSE:CL) will host its Q2 2022 earnings conference call on July 29, 2022, at 8:00 a.m. ET. Key executives, including Chairman and CEO Noel Wallace, will lead the discussion. Prepared materials will be available by 7:00 a.m. ET on the company’s Investor Center website. The call can be accessed live via Colgate's website, with a recorded version available later. Colgate-Palmolive operates in over 200 countries and focuses on sustainable practices to improve health and wellbeing.