Summary
Procter & Gamble (PG) reported robust financial performance for the fiscal year ended June 30, 2021. The company demonstrated strong top-line growth, with net sales increasing by 7% to $76.1 billion, driven by a 3% increase in unit volume and favorable foreign exchange. This growth was broad-based across its segments, with Health Care and Fabric & Home Care segments showing double-digit net sales increases. Operating income grew by 15%, and net earnings increased by 10% to $14.4 billion, leading to a 11% rise in diluted earnings per share (EPS) to $5.50. The company's strategic focus on product superiority, innovation, and productivity improvements continues to yield positive results. P&G's commitment to returning value to shareholders is evident through its consistent dividend payments, marking 65 consecutive years of increases, and significant share repurchases totaling $11 billion in fiscal year 2021. The company's financial health remains strong, supported by substantial cash flow generation and disciplined cost management.
Financial Highlights
57 data points| Revenue | $76.12B |
| Cost of Revenue | $37.11B |
| Gross Profit | $39.01B |
| R&D Expenses | $1.90B |
| SG&A Expenses | $21.02B |
| Operating Income | $17.99B |
| Interest Expense | $502.00M |
| Net Income | $14.31B |
| EPS (Basic) | $5.69 |
| EPS (Diluted) | $5.50 |
| Shares Outstanding (Basic) | 2.47B |
| Shares Outstanding (Diluted) | 2.60B |
Key Highlights
- 1Net sales increased 7% to $76.1 billion, driven by a 3% increase in unit volume and a 1% favorable foreign exchange impact.
- 2Operating income rose 15% to $18.0 billion, reflecting strong sales growth and improved operating margins.
- 3Net earnings grew 10% to $14.4 billion, resulting in a 11% increase in diluted EPS to $5.50.
- 4Adjusted free cash flow was $15.8 billion, with an adjusted free cash flow productivity of 107%, demonstrating strong cash generation capabilities.
- 5The company returned $19.3 billion to shareholders through dividends ($8.3 billion) and share repurchases ($11.0 billion) in fiscal year 2021.
- 6P&G maintained strong market share positions across its key product categories, with notable gains in Health Care and Fabric & Home Care.
- 7The company continues to invest in innovation and productivity improvements, which are crucial for its long-term growth strategy.