Welcome to our dedicated page for Colgate-Palmolive Company news (Ticker: CL), a resource for investors and traders seeking the latest updates and insights on Colgate-Palmolive Company stock.
Colgate-Palmolive Company (NYSE: CL) is a globally recognized leader in the consumer products industry, serving millions of consumers in over 200 countries and territories. Founded in 1806, the company has grown significantly to become a major player in the oral care, personal care, home care, and pet nutrition sectors.
Colgate-Palmolive’s product portfolio includes some of the world’s most trusted brands such as Colgate, Palmolive, Speed Stick, Softsoap, Irish Spring, Ajax, and Hill's Science Diet. These products are designed to make daily life healthier and more enjoyable for consumers. The company’s operations are notably strong internationally, with approximately 70% of its sales coming from international markets, including about 45% from emerging regions.
With a strong commitment to sustainability and social responsibility, Colgate-Palmolive actively supports environmental and wellness initiatives. The company engages in various philanthropic activities and has partnerships aimed at improving oral health, hygiene, and pet care globally.
Recent achievements include the expansion of its Tom's of Maine Incubator program, which supports young leaders focused on sustainable farming, climate change, and environmental justice. The program, now in its second year, has awarded $100,000 to five new changemakers, providing them with funding and mentorship to scale their impactful work.
Financially, Colgate-Palmolive continues to demonstrate strong performance with robust sales growth driven by its diverse product lines and extensive global reach. The company is well-positioned to adapt to market changes and sustain its leadership in the consumer goods sector.
For the latest updates, you can follow the company on Twitter at @cp_news. For those interested in career opportunities, visit Colgate Careers and stay connected via their social media platforms on Facebook and Twitter.
Tom's of Maine has announced the 2022 winners of its Incubator program, funding five young environmental leaders with $20,000 each. The recipients are Aliyah Collins, Wawa Gatheru, Alexia Leclercq, Bodhi Patil, and Sanjana Paul. This initiative, aimed at supporting BIPOC climate leaders, includes mentorship and collaboration opportunities. Additionally, the company has revised its sustainability goals, showcased in the 2022 Goodness Report. This program emphasizes Tom's commitment to diversity, equity, and effective environmental solutions.
Colgate-Palmolive Company (NYSE: CL) has appointed Lorrie Norrington as Lead Independent Director effective March 1, 2023, succeeding Stephen I. Sadove. Norrington, who joined the Board in September 2015, has significant experience in global corporate leadership, digital, e-commerce, and ESG, having held senior roles at eBay and other companies. CEO Noel Wallace expressed confidence in Norrington's capabilities to drive the company’s growth strategy and digital transformation. Sadove will continue to serve on the Audit and Personnel and Organization Committees.
Colgate-Palmolive (NYSE:CL) will participate in the Morgan Stanley Global Consumer & Retail Conference on December 6, 2022, at 1:45 p.m. ET. Key executives, including Group President Panagiotis Tsourapas and CFO Stan Sutula, will engage in a fireside chat. Investors can access a live webcast through Colgate's website, with a recorded version available later for those unable to attend. Colgate-Palmolive focuses on Oral Care, Personal Care, Home Care, and Pet Nutrition, selling products in over 200 countries under well-known brands such as Colgate, Palmolive, and Hill's Science Diet.
Colgate-Palmolive Company (NYSE:CL) reported a 1.0% increase in net sales, with organic sales up 7.0% across all divisions for Q3 2022. However, GAAP earnings per share (EPS) fell 1% to $0.74, and base business EPS dropped 9%, attributed to foreign exchange losses. Gross profit margins decreased by 220 basis points to 57.2%. Despite rising raw material costs, the company maintained leadership in toothpaste and manual toothbrushes, holding 39.7% and 31.6% market shares respectively. Guidance for 2022 predicts net sales growth within 1% to 4%, dampened by foreign exchange effects.
Colgate-Palmolive Company (NYSE:CL) will host a live webcast of its Q3 2022 earnings conference call on October 28, 2022, at 8:30 a.m. ET. The call will feature key executives, including CEO Noel Wallace and CFO Stan Sutula. Prepared materials will be available at 7:00 a.m. ET on the company's website. Colgate-Palmolive sells products across various categories such as Oral Care and Home Care in over 200 countries, promoting sustainability and community well-being initiatives, including dental health programs that have benefited over 1.4 billion children.
Tom's of Maine has launched its inaugural Incubator initiative to support BIPOC leaders in environmental solutions, offering $20,000 in funding to five selected changemakers. The seven-month program encourages young voices to engage in climate change discussions, emphasizing representation in the movement. Applications are open from September 28 to October 19, 2022, with winners announced in November 2022. The initiative aligns with Tom's of Maine's commitment to sustainability and community support, as articulated by General Manager Cristiane Martini.
Colgate-Palmolive Company (NYSE: CL) has received approval for its Net Zero emissions reduction targets from the Science Based Targets initiative (SBTi), making it the first large multinational in the Consumer Durables sector to do so. Colgate aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030 from a 2020 baseline, increase renewable electricity sourcing to 100% by 2030, and achieve Net Zero GHG emissions across its value chain by 2040. This commitment aligns with the Paris Agreement's goal to limit global warming to 1.5°C.
The Board of Directors of Colgate-Palmolive Company (NYSE:CL) has declared a quarterly cash dividend of $0.47 per common share. This dividend is payable on November 15, 2022, to shareholders on record as of October 21, 2022. Notably, the company has maintained uninterrupted dividend payments since 1895, showcasing its commitment to shareholder returns.
Prabha Narasimhan has been appointed as the Managing Director and CEO of Colgate-Palmolive (India) Limited, effective immediately. With almost 25 years of experience across various sectors, she previously held a key leadership role at Hindustan Unilever, driving significant success in the Home Care category. Mukul Deoras, President of the Asia-Pacific Division, expressed confidence in her ability to enhance the company's performance in the Indian market, which is already a leader in Oral Care products under the Colgate brand.
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