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.
Over the past 21 years, the Give Kids A Smile (GKAS) program has provided free oral health education and services to more than seven million underserved children in the U.S. Launched in 2003, this year’s initiative includes nearly 1,200 events aimed at reaching an estimated 300,000 children. Approximately 30,000 dental professionals will volunteer, utilizing essential oral care products donated by national sponsors Colgate-Palmolive (NYSE: CL) and Henry Schein (NASDAQ: HSIC). Since 2007, Colgate has exclusively supported GKAS, while Henry Schein has contributed over $20 million in products, ensuring access to quality dental care for children in need.
Colgate-Palmolive Company has appointed Steve Cahillane, Chairman and CEO of Kellogg Company, to its Board of Directors, effective February 1, 2023. With extensive experience in consumer products and health industries, Cahillane aims to bolster Colgate’s growth across its divisions. Prior to Kellogg, he led The Nature’s Bounty Company and had a significant tenure at The Coca-Cola Company. Colgate’s Chairman, Noel Wallace, expressed enthusiasm for Cahillane's contributions to drive growth opportunities. Colgate operates globally, focusing on oral, personal, home care, and pet nutrition, selling products in over 200 countries.
Colgate-Palmolive Company (NYSE:CL) reported solid financial results for Q4 and full year 2022, with net sales increasing by 5.0% in the fourth quarter and 3.0% for the full year. Organic sales growth reached 8.5% in Q4 and 7.0% for the year, demonstrating resilience despite challenging economic conditions. However, GAAP EPS fell 16% to $2.13, primarily due to impairment charges in its Filorga skin health business. The company anticipates net sales growth of 2% to 5% for 2023, driven by ongoing investments in innovation and digital transformation.
Colgate-Palmolive Company (NYSE:CL) has announced a live webcast for its 2022 fourth quarter and year-end earnings conference call, scheduled for January 27, 2023, at 8:30 a.m. ET. The call will feature key executives, including the Chairman and CEO, Noel Wallace, and CFO, Stan Sutula. Investors can access the prepared materials by 7:00 a.m. ET on the company's website, ensuring timely updates on their financial performance. Colgate-Palmolive operates globally under leading brands across multiple segments, focusing on sustainable practices and community wellbeing.
The Board of Directors of Colgate-Palmolive Company (NYSE:CL) has declared a quarterly cash dividend of $0.47 per share, payable on February 14, 2023, to shareholders on record by January 23, 2023. The company has maintained uninterrupted dividends since 1895, showcasing its commitment to shareholder returns. Colgate-Palmolive continues to focus on sustainable practices and community wellbeing, promoting products across various sectors, including Oral Care and Pet Nutrition.
Tom's of Maine has announced the 2022 winners of its Incubator program, funding five young environmental leaders with $20,000 each. The recipients are Aliyah Collins, Wawa Gatheru, Alexia Leclercq, Bodhi Patil, and Sanjana Paul. This initiative, aimed at supporting BIPOC climate leaders, includes mentorship and collaboration opportunities. Additionally, the company has revised its sustainability goals, showcased in the 2022 Goodness Report. This program emphasizes Tom's commitment to diversity, equity, and effective environmental solutions.
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.