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) has appointed Lorrie Norrington as Lead Independent Director effective March 1, 2023, succeeding Stephen I. Sadove. Norrington, who joined the Board in September 2015, has significant experience in global corporate leadership, digital, e-commerce, and ESG, having held senior roles at eBay and other companies. CEO Noel Wallace expressed confidence in Norrington's capabilities to drive the company’s growth strategy and digital transformation. Sadove will continue to serve on the Audit and Personnel and Organization Committees.
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Colgate-Palmolive (NYSE:CL) will participate in the Morgan Stanley Global Consumer & Retail Conference on December 6, 2022, at 1:45 p.m. ET. Key executives, including Group President Panagiotis Tsourapas and CFO Stan Sutula, will engage in a fireside chat. Investors can access a live webcast through Colgate's website, with a recorded version available later for those unable to attend. Colgate-Palmolive focuses on Oral Care, Personal Care, Home Care, and Pet Nutrition, selling products in over 200 countries under well-known brands such as Colgate, Palmolive, and Hill's Science Diet.
Colgate-Palmolive Company (NYSE:CL) reported a 1.0% increase in net sales, with organic sales up 7.0% across all divisions for Q3 2022. However, GAAP earnings per share (EPS) fell 1% to $0.74, and base business EPS dropped 9%, attributed to foreign exchange losses. Gross profit margins decreased by 220 basis points to 57.2%. Despite rising raw material costs, the company maintained leadership in toothpaste and manual toothbrushes, holding 39.7% and 31.6% market shares respectively. Guidance for 2022 predicts net sales growth within 1% to 4%, dampened by foreign exchange effects.
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.