Colgate-Palmolive Company
(NYSE:CL) today reported worldwide Net sales of $4,383
million in third quarter 2011, an increase of 11.0% versus third quarter
2010. Global unit volume grew 4.5%, pricing increased 2.0% and foreign
exchange was positive 4.5%. Excluding divested businesses, global unit
volume grew 5.0%. The Sanex acquisition contributed 2.0% to sales and
volume growth. Organic sales (Net sales excluding foreign exchange,
acquisitions and divestments) grew 5.0%.
Net income
increased 4% to $643 million in third quarter 2011 and diluted
earnings per share increased 8% to $1.31. Net income and Diluted earnings per
share in third quarter 2010 were $619 million and $1.21, respectively.
Ian Cook,
Chairman, President and Chief Executive Officer commented on the results
and outlook excluding the third quarter 2011 items noted above,
"We are pleased with our strong top and bottom line growth this quarter with
worldwide net sales, operating profit, net income and diluted
earnings per share all increasing versus year ago, despite very sharp
increases in material costs, an intense competitive environment and
challenging macroeconomic conditions worldwide".
No comments:
Post a Comment