Colgate Palmolive Co Stock Price, News & Analysis

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.

The Board of Directors of Colgate-Palmolive Company (NYSE:CL) has declared a quarterly cash dividend of $0.47 per common share, payable on August 15, 2022. Shareholders of record on July 21, 2022 will receive this dividend. The company has consistently paid dividends since 1895, reflecting a strong commitment to returning value to shareholders.

Colgate-Palmolive operates globally in Oral Care, Personal Care, Home Care, and Pet Nutrition, and is recognized for its sustainability initiatives.

Colgate-Palmolive (NYSE:CL) announced that Group President for Europe and Developing Markets, Panagiotis Tsourapas, along with Chief Investor Relations Officer John Faucher, will present at the dbAccess Global Consumer Conference in Paris on June 15, 2022, at 3:15 am ET. Investors can access a live webcast on Colgate’s website, with recorded versions available afterward. Colgate operates in over 200 countries under well-known brands, focusing on sustainability and community initiatives, including a commitment to improving oral health through educational programs.