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.
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Colgate-Palmolive Company (NYSE:CL) announced the appointment of Stanley J. Sutula as the new Chief Financial Officer, effective November 9, 2020. Sutula, currently serving as CFO at Pitney Bowes, brings extensive experience from his previous 28 years at IBM. He is recognized for leveraging technology and data analytics to drive revenue growth. Henning Jakobsen, the outgoing CFO, will transition to a Senior Vice President role until his retirement at the end of 2020. The leadership change aims to strengthen Colgate's financial strategies and performance.
Colgate-Palmolive Company (NYSE:CL) reported robust third quarter results for 2020, with net sales rising by 5.5% to $4,153 million and organic sales up 7.5%. GAAP EPS increased 21% to $0.81, while Base Business EPS rose 11% to $0.79. Gross profit margin improved by 220 basis points to 61.2%. Market leadership was maintained in toothpaste (39.9% share) and manual toothbrushes (31.1% share). The company expects full-year sales to rise by mid-single digits, alongside earnings growth. Enhanced advertising investments and premium innovations are driving the positive momentum.
Colgate-Palmolive Company (NYSE:CL) will host a live webcast for its Q3 2020 earnings conference call on October 30, 2020, at 8:30 a.m. ET. The event will be led by Chairman and CEO Noel Wallace, along with Chief Investor Relations Officer John Faucher. Investors can access the live call through Colgate's website, with a recorded version available later for those unable to attend. Colgate focuses on health and hygiene products across categories such as Oral Care, Personal Care, Home Care, and Pet Nutrition, serving over 200 countries.