CL's Q3 results reflect continued gains from volume and pricing, which led to organic sales growth in five of six divisions. Improved margins aid EPS growth.
Colgate-Palmolive Company (NYSE:CL ) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET Company Participants John Faucher - Chief Investor Relations Officer & SVP, M&A Noel Wallace - President & CEO Stan Sutula - CFP Conference Call Participants Dara Mohsenian - Morgan Stanley Filippo Falorni - Citi Robert Moskow - TD Cowen Bonnie Herzog - Goldman Sachs Kevin Grundy - BNP Lauren Lieberman - Barclays Kaumil Gajrawala - Jefferies Chris Carey - Wells Fargo Olivia Tong - Raymond James Robert Ottenstein - Evercore ISI Andrea Teixeira - JP Morgan Bryan Spillane - Bank of America Korinne Wolfmeyer - Piper Sandler Steve Powers - Deutsche Bank Mark Astrachan - Stifel Edward Lewis - Redburn Atlantic Operator Good morning. Welcome to today's Colgate-Palmolive 2024 Third Quarter Earnings Conference Call.
While the top- and bottom-line numbers for Colgate-Palmolive (CL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Colgate-Palmolive Co (NYSE:CL) has raised the lower end of its 2024 guidance following a strong third quarter for the diversified consumer goods company. The toothpaste maker's Q3 revenue of $5.03 billion beat estimates of $5.01 billion and earnings per share (EPS) of $0.91 was ahead of the consensus of $0.88.
Colgate-Palmolive (CL) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.86 per share a year ago.
Colgate-Palmolive's stock turned red in premarket action Friday, after the consumer-products company beat third-quarter earnings expectations and lifted its outlook, but saw relative weakness in North America in terms of volume and pricing.
Toothpaste maker Colgate-Palmolive raised the lower end of its annual sales and profit forecasts on Friday, after beating third-quarter estimates on resilient demand for its high-priced products.
The consumer products company posted earnings of 90 cents a share on sales of $5.03 billion.
Colgate-Palmolive Company CL will release earnings results for its third quarter, before the opening bell on Friday, Oct. 25.
Colgate Palmolive (India) reported a 16% rise in second-quarter profit on Thursday helped by its expansion into rural markets and demand for its premium personal care products.
Evaluate the expected performance of Colgate-Palmolive (CL) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Colgate's Q3 results will likely reflect gains from pricing actions, funding-the-growth plan and productivity initiatives, offset by inflationary cost pressures.