Early Access

10-QPeriod: Q2 FY2017

COLGATE PALMOLIVE CO Quarterly Report for Q2 Ended Jun 30, 2017

Filed July 21, 2017For Securities:CL

Summary

Colgate-Palmolive Co. (CL) reported its second-quarter and year-to-date financial results for the period ending June 30, 2017. For the quarter, net sales were $3.83 billion, a slight decrease of 0.5% compared to the prior year, with organic sales remaining flat. Diluted EPS for the quarter was $0.59, down from $0.67 in the same period last year. For the first six months of the year, net sales were $7.59 billion, a marginal decrease of 0.25%, and organic sales were flat. Diluted EPS for the six-month period was $1.23, down from $1.26 in the prior year. The company continued to navigate challenging market conditions with slow category growth and increased competition. The 2012 Restructuring Program remains a key focus, with updated estimates for charges and savings. Despite mixed sales performance across segments and geographies, the company emphasized its strong financial position and strategic initiatives aimed at driving long-term shareholder value. Investments in advertising and innovation were noted, alongside efforts to improve efficiency and reduce costs.

Financial Highlights

49 data points
Beta

Revenue

$3.83B

0.6% Gross Margin

Net Income

$524.00M

0.1% Net Margin

EPS (Diluted)

$0.59

Total Assets

$12.58B

Cash & Equivalents

$1.24B

Free Cash Flow

$614.00M

Financial Statements
Beta
Revenue$3.83B
Cost of Revenue$1.53B
Gross Profit$2.30B
SG&A Expenses$1.31B
Operating Income$878.00M
Net Income$524.00M
EPS (Basic)$0.59
EPS (Diluted)$0.59
Shares Outstanding (Basic)883.80M
Shares Outstanding (Diluted)890.80M

Key Highlights

  • 1Net sales for the quarter were $3.83 billion, a 0.5% decrease year-over-year, with organic sales flat.
  • 2Diluted earnings per share (EPS) for the quarter were $0.59, down from $0.67 in the prior year's second quarter.
  • 3The company is actively managing its 2012 Restructuring Program, with updated estimates for charges and expected savings.
  • 4Geographically, Latin America showed strong net sales growth of 7.0% for the quarter, driven by price increases and volume growth.
  • 5North America and Asia Pacific experienced net sales declines of 3.5% and 5.0% respectively in the quarter, primarily due to volume decreases.
  • 6Gross profit margin improved to 60.1% (GAAP) for the quarter, driven by cost savings and pricing, partially offset by higher raw material costs.
  • 7The company continued to return capital to shareholders through dividends and share repurchases, with total debt slightly decreasing.

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