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) 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.
Colgate-Palmolive (NYSE:CL) CEO Noel Wallace will attend a virtual fireside chat at the Barclays 2021 Global Consumer Staples Conference on September 8, 2021, at 9:20 am ET. Investors can access a live webcast on Colgate's website, with a recorded version available later. Colgate-Palmolive is dedicated to sustainable growth in Oral Care, Personal Care, Home Care, and Pet Nutrition, reaching over 200 markets with brands like Colgate and Palmolive. The company is recognized for its environmental sustainability initiatives and community health programs.
Colgate-Palmolive Company (NYSE:CL) reported a 9.5% increase in net sales and 5.0% organic sales growth for Q2 2021. On a GAAP basis, EPS grew 12% to $0.83. Despite an 80 basis point decline in gross profit margin to 60.0%, net cash provided by operations reached $1,225 million. The company continues to lead in global toothpaste and manual toothbrush markets with 39.3% and 30.8% market share respectively. Colgate expects full-year net sales growth of 4% to 7%, despite ongoing cost headwinds due to raw materials and logistics.
Colgate received an unsolicited mini-tender offer from TRC Capital to acquire 1.5 million shares at $80.63 each, a 4.46% discount compared to its last closing price of $84.39 as of July 16, 2021. Colgate advises shareholders against accepting the offer due to the lower price and various conditions attached, including TRC's financing. The company emphasizes that they are not associated with TRC and urges investors to verify current market prices and consult with financial advisors before making decisions.
Colgate-Palmolive Company (NYSE:CL) will host a live webcast of its Q2 2021 earnings call on July 30, 2021, at 8:30 a.m. ET, led by CEO Noel Wallace and Chief Investor Relations Officer John Faucher. Investors can access the call on Colgate's website, with a recording available later for those unable to attend live. Colgate is committed to sustainability and innovation, promoting healthier futures through its extensive range of products sold in over 200 countries. The company has made significant strides in environmental initiatives and oral health programs.
Hill's Pet Nutrition plans to invest over $250 million in a new factory in Tonganoxie, Kansas, creating 80 jobs by 2025. This facility, designed to meet rising demand for its products, will be strategically located in an area known for its strong animal health industry. Expected construction start is later this year, with completion aimed for 2023. The plant will follow sustainability practices, aiming for TRUE® certification for zero waste. This investment marks a significant milestone for Leavenworth County and reinforces Hill's longstanding presence in Kansas.