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 has announced the winners of the first global pitch competition, the Colgate Connect Challenge, aimed at startups innovating for healthier futures. Six finalists pitched ideas on quantified health, smart packaging, and solutions for underserved populations. Three winners were awarded cash prizes: Dermala won $20,000 for personalized skin health solutions, SkinDNA received $15,000 for its skin microbiome wearable patch, and Gennev earned $10,000 for menopause support products. The competition highlights Colgate's commitment to innovation and collaboration.
Colgate-Palmolive (NYSE:CL) announced that John Faucher, Chief Investor Relations Officer, will engage in a virtual fireside chat at the Citi Global Consumer Conference on December 8, 2021, at 11:00 a.m. ET. Investors can access a live webcast on Colgate's website, with a recorded version available afterward.
The company, recognized for its commitment to sustainability and innovation, operates in more than 200 countries, offering products in Oral Care, Personal Care, Home Care, and Pet Nutrition under well-known brands.
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Colgate-Palmolive (NYSE:CL) announced participation in a virtual fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 1, 2021, at 11:00 a.m. ET. Company executives, including Group President Panagiotis Tsourapas and CFO Stan Sutula, will present insights into Colgate’s innovative growth strategies focused on Oral Care, Personal Care, Home Care, and Pet Nutrition. Investors can access the live webcast via Colgate’s website, with a recorded version available afterward.
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Colgate-Palmolive Company (NYSE:CL) reported a 6.5% increase in net sales and a 4.5% growth in organic sales for Q3 2021, although EPS declined 7% on a GAAP basis to $0.75. The company's gross profit margin decreased by 180 basis points to 59.4%. Colgate maintains its leadership in toothpaste with a 39.5% global market share. Full-year guidance predicts net sales to rise 4% to 7% including foreign exchange benefits, while organic sales are expected to grow 3% to 5%.
Challenges include rising raw material costs and ongoing uncertainties due to COVID-19.
This National Dental Hygiene Month, Colgate-Palmolive highlights its global research indicating the detrimental effects of dental cavities on children and parents. Surveying over 20,000 parents across 12 countries, it found that 62% of U.S. children suffer from cavities, leading to missed school days and impacting parents' work. The CDC reports that 51 million school hours and over 164 million work hours are lost annually due to oral health issues. Colgate emphasizes the urgent need for oral health education to combat this public health crisis.
Colgate-Palmolive Company (NYSE:CL) will host its third quarter earnings conference call on Friday, October 29, 2021, at 8:30 a.m. ET. The call will be led by Chairman and CEO Noel Wallace, CFO Stan Sutula, and Chief Investor Relations Officer John Faucher. Interested investors can access the live webcast on Colgate's website. A recorded version will also be available afterward. Colgate continues to focus on sustainability and community engagement, promoting initiatives like the Bright Smiles, Bright Futures program that has reached over 1.3 billion children globally.
Emerson is partnering with Colgate-Palmolive to enhance energy efficiency in packaging operations, aiming for net zero carbon emissions by 2040. Utilizing Emerson's advanced sensor technologies, Colgate has achieved a 15% reduction in energy consumption across its toothpaste and toothbrush packaging lines. The collaboration integrates IIoT-enabled software to optimize pneumatic processes, and further energy savings are anticipated as the technology expands.
The Board of Directors of Colgate-Palmolive Company (NYSE:CL) declared a quarterly cash dividend of $0.45 per common share, payable on November 15, 2021, to shareholders of record as of October 21, 2021. This marks the company's commitment to returning value to shareholders, reflecting its stable financial position. Colgate-Palmolive has maintained uninterrupted dividend payments since 1895, showcasing a long-standing tradition of rewarding its investors.