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Colgate-Palmolive Exec Chair sold $12.75m in shares-July 30-31
Colgate-Palmolive Company is one of the worldwide leaders in the manufacturing and marketing of cleaning and hygiene products. The group also products and sells pet food (dogs and cats). Net sales break down by family of products as follows:
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hygiene and cleaning products (85.2%): oral hygiene (toothpaste, toothbrushes, mouthwashes, etc.; Colgate brand), body care (soaps, shower gels, shampoos, conditioners, deodorants, shaving products, etc.; Palmolive, Speed Stick, Softsoap, etc.), household care, and linen care (dishwashing liquids, detergents, stain removers, fabric softeners, bleach, etc.; Palmolive, Ajax, Soupline, Suavitel, etc.). Net sales are distributed geographically as follows: North America (23.7%), Latin America (29.5%), Asia/Pacific (21.1%), Europe (18.2%), Africa and Eurasia (7.5%);
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cat and dog foods (14.8%; Hill's): world leader.
https://www.marketscreener.com/COLGATE-PALMOLIVE-COMPANY-12089/company/
https://www.finviz.com/insidertrading.ashx?oc=1227246&tc=2&b=2
Colgate Palmolive : Announces 2nd Quarter 2019 Results
Colgate-Palmolive Company (NYSE:CL) today reported worldwide Net sales of $3,866 million in second quarter 2019, a decrease of 0.5% versus second quarter 2018. Global unit volume increased 1.0%, pricing increased 3.0% and foreign exchange was negative 4.5%. Organic sales (Net sales excluding the impact of foreign exchange, acquisitions and divestments) increased 4.0%.
Net income and Diluted earnings per share in second quarter 2019 were $586 million and $0.68, respectively. Net income in second quarter 2019 included $31 million ($0.04 per diluted share) of aftertax charges resulting from the Company's Global Growth and Efficiency Program.
Net income and Diluted earnings per share in second quarter 2018 were $637 million and $0.73, respectively. Net income in second quarter 2018 included $51 million ($0.06 per diluted share) of aftertax charges resulting from the Global Growth and Efficiency Program and a $15 million ($0.02 per diluted share) benefit from a foreign tax matter.
Excluding charges resulting from the Global Growth and Efficiency Program in both periods and the benefit from a foreign tax matter in 2018, Net income in second quarter 2019 was $617 million, a decrease of 8% versus second quarter 2018, and Diluted earnings per share in second quarter 2019 were $0.72, a decrease of 6% versus second quarter 2018.
Gross profit margin was 59.7% in second quarter 2019 versus 59.2% in second quarter 2018. Excluding charges resulting from the Global Growth and Efficiency Program in both periods, Gross profit margin was 59.6% in second quarter 2019, an increase of 30 basis points versus the year ago quarter as cost savings from the Company's funding-the-growth initiatives and higher pricing were partially offset by higher raw and packaging material costs, which included foreign exchange transaction costs.
Selling, general and administrative expenses were 35.4% of Net sales in second quarter 2019 versus 33.5% of Net sales in second quarter 2018. Excluding charges resulting from the Global Growth and Efficiency Program in both periods, Selling, general and administrative expenses increased by 200 basis points versus the year ago quarter to 35.2% of Net sales in second quarter 2019 due to higher overhead expenses and increased advertising investment, both as a percentage of Net sales. On an absolute basis, worldwide advertising investment increased 3% to $416 million versus $403 million in the year ago quarter.
Operating profit decreased to $888 million in second quarter 2019 compared to $946 million in second quarter 2018. Excluding charges resulting from the Global Growth and Efficiency Program in both periods, Operating profit was $928 million in second quarter 2019, a decrease of 8% versus second quarter 2018. Operating profit margin was 23.0% in second quarter 2019 versus 24.3% in second quarter 2018. Excluding charges resulting from the Global Growth and Efficiency Program in both periods, Operating profit margin was 24.0% in second quarter 2019, a decrease of 180 basis points versus the year ago quarter. This decrease in Operating profit margin was primarily due to an increase in Selling, general and administrative expenses, partially offset by an increase in Gross profit, both as a percentage of Net sales.
Net cash provided by operations year to date was $1,249 million compared to $1,297 million in the comparable 2018 period. Working capital as a percentage of Net sales was negative 2.9% compared to negative 2.1% in the year ago period.
https://www.marketscreener.com/COLGATE-PALMOLIVE-COMPANY-12089/news/Colgate-Palmolive-Announces-2nd-Quarter-2019-Results-28974996/
too bad, so sad..sucks to be holders of that soon