Colgate Palmolive Co Stock Price, News & Analysis

Colgate-Palmolive (NYSE:CL) will participate in a fireside chat at the Goldman Sachs Global Staples Forum on Tuesday, May 17, 2022, at 1:10 pm ET. Key executives, including Juan Pablo Zamorano and John Faucher, will be present. Investors can access the live webcast through Colgate's website. The company, recognized for its innovations in Oral Care, Personal Care, Home Care, and Pet Nutrition, operates in over 200 countries. Colgate is committed to sustainability and community welfare, achieving milestones in reducing plastic waste and improving children's oral health.

Colgate-Palmolive Company (NYSE:CL) reported a 1.5% increase in net sales and a 4.0% rise in organic sales for Q1 2022. However, EPS declined by 18% to $0.66 on a GAAP basis, and by 8% to $0.74 on a Base Business basis. The gross profit margin fell 220 basis points to 58.5%. Operational cash flow was $386 million. Colgate maintained significant market shares in toothpaste (39.2%) and manual toothbrushes (30.7%). The company updated its 2022 guidance, expecting net sales growth at 1% to 4% and organic sales growth at 4% to 6%. Challenges include rising raw material costs and global uncertainties.

Colgate-Palmolive Company (NYSE:CL) will host its 2022 Annual Meeting of Stockholders on May 6, 2022, at 10:00 a.m. ET. The meeting will be conducted virtually and led by Noel Wallace, Chairman, President and CEO. Investors can access the webcast from 9:30 a.m. ET via www.virtualshareholdermeeting.com/CL2022. A recorded version will be available 24 hours post-meeting. Colgate-Palmolive is committed to sustainability and innovation in oral care and other categories, selling products in over 200 countries.

Colgate-Palmolive Company (NYSE:CL) announces a live webcast for its Q1 2022 earnings conference call on April 29, 2022, at 8:30 a.m. ET. The call features Chairman and CEO Noel Wallace, CFO Stan Sutula, and SVP John Faucher. Additionally, prepared remarks will be available at 7:00 a.m. ET on the investor section of their website. The call will be accessible on Colgate's website, with a recorded version available post-event. Colgate operates globally in various sectors, emphasizing sustainability and community wellbeing.

Colgate-Palmolive Company (NYSE:CL) has declared a quarterly cash dividend of $0.47 per share, representing a $0.02 increase. This dividend is payable on May 13, 2022, for shareholders on record as of April 21, 2022. The company also announced a new share repurchase program with an aggregate value of up to $5 billion, replacing its previous program from 2018. The repurchase will commence after March 10, 2022. Colgate-Palmolive continues its long history of returning cash to shareholders, having paid uninterrupted dividends since 1895.

Colgate-Palmolive has announced the recipients of the Colgate Award for Research Excellence (CARE) for 2022, granting $30,000 USD for each oral health research project. This year’s winners include researchers from institutions like the University of Minnesota and SUNY Buffalo. The program, which started in 2016, supports junior faculty in their first five years of academic positions. The CARE Program aligns with Colgate's initiative to enhance global oral health literacy through innovative research.

Colgate-Palmolive (NYSE:CL) will participate in a fireside chat during the 11th Annual UBS Global Consumer and Retail Conference on March 9, 2022, at 3:00 p.m. ET. John Faucher, Chief Investor Relations Officer, will represent the company. Investors can access the live webcast via Colgate's website, with a recorded version available later for those unable to attend. Colgate is recognized for its commitment to sustainability and community wellbeing, promoting products in Oral Care, Personal Care, Home Care, and Pet Nutrition globally.

Colgate-Palmolive Company has announced the launch of its Inspire our Future scholarship, aimed at supporting Black and African American students committed to community service. The program will award ten scholarships of $10,000 each, with five designated for students in manufacturing, engineering, or supply chain fields and five for those in sales or marketing. Eligible applicants are current college sophomores and juniors. The program aims to enhance diversity, equity, and inclusion in education and is administered in partnership with Scholarship America.