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.
Colgate-Palmolive (NYSE:CL) will present at the Barclays 2022 Global Consumer Staples Conference on September 7, 2022, at 10:30 a.m. ET. CEO Noel Wallace will lead the presentation, which will be accessible via live webcast on Colgate’s website. A recorded version will also be available for those unable to attend live. Colgate-Palmolive continues to focus on oral care, personal care, home care, and pet nutrition, reaching consumers in over 200 countries with brands like Colgate, Palmolive, and Hill’s Science Diet.
Colgate-Palmolive Company plans to acquire three dry pet food manufacturing plants from Red Collar Pet Foods for $700 million. The facilities, located in South Carolina, Oklahoma, and Ohio, will enhance Hill’s Pet Nutrition’s production capabilities. Approximately 350 employees will be transferred to Colgate-Palmolive. The acquisition aligns with Hill's commitment to grow its product offerings and improve services to retailers and veterinarians. The transaction is pending regulatory approval and won't materially affect earnings in 2022.
Colgate-Palmolive Company has appointed Stephan Habif as the new Chief Technology Officer, effective September 1, 2022. Habif, who previously served as Senior Vice President at L’Oreal, will oversee the global Research & Development organization focusing on innovation in oral care, pet nutrition, and skin health. He succeeds Patricia Verduin, who is retiring after 15 years. Chairman and CEO Noel Wallace praised Verduin's contributions, emphasizing the importance of R&D in driving growth and sustainability.
Colgate-Palmolive Company (NYSE:CL) reported a 5.5% increase in net sales and a 9.0% growth in organic sales for Q2 2022, with all divisions experiencing growth. However, GAAP EPS fell 13% to $0.72 due to rising costs. The company maintains a 39.6% market share in toothpaste. Despite significant raw material cost pressures, Colgate raised its full-year organic sales growth guidance to 5%-7%. The decline in gross profit margin, attributed to logistics and material costs, was noted, alongside ongoing efforts to manage pricing and costs.
Colgate-Palmolive Company (NYSE:CL) will host its Q2 2022 earnings conference call on July 29, 2022, at 8:00 a.m. ET. Key executives, including Chairman and CEO Noel Wallace, will lead the discussion. Prepared materials will be available by 7:00 a.m. ET on the company’s Investor Center website. The call can be accessed live via Colgate's website, with a recorded version available later. Colgate-Palmolive operates in over 200 countries and focuses on sustainable practices to improve health and wellbeing.
The Board of Directors of Colgate-Palmolive Company (NYSE:CL) has declared a quarterly cash dividend of $0.47 per common share, payable on August 15, 2022. Shareholders of record on July 21, 2022 will receive this dividend. The company has consistently paid dividends since 1895, reflecting a strong commitment to returning value to shareholders.
Colgate-Palmolive operates globally in Oral Care, Personal Care, Home Care, and Pet Nutrition, and is recognized for its sustainability initiatives.
Colgate-Palmolive (NYSE:CL) announced that Group President for Europe and Developing Markets, Panagiotis Tsourapas, along with Chief Investor Relations Officer John Faucher, will present at the dbAccess Global Consumer Conference in Paris on June 15, 2022, at 3:15 am ET. Investors can access a live webcast on Colgate’s website, with recorded versions available afterward. Colgate operates in over 200 countries under well-known brands, focusing on sustainability and community initiatives, including a commitment to improving oral health through educational programs.
Colgate-Palmolive (NYSE:CL) will have Chief Investor Relations Officer John Faucher participate in a virtual fireside chat at the Evercore ISI Consumer & Retail Conference on June 7, 2022, at 11:00 AM ET. Investors can access a live webcast through Colgate’s website, with a recorded version available later. Colgate is focused on innovative growth in Oral Care, Personal Care, Home Care, and Pet Nutrition, operating in over 200 countries with prominent brands like Colgate, Palmolive, and Hill’s Science Diet. For more details, visit Colgate's website.
Colgate-Palmolive (NYSE:CL) will participate in a fireside chat at the Goldman Sachs Global Staples Forum on Tuesday, May 17, 2022, at 1:10 pm ET. Key executives, including Juan Pablo Zamorano and John Faucher, will be present. Investors can access the live webcast through Colgate's website. The company, recognized for its innovations in Oral Care, Personal Care, Home Care, and Pet Nutrition, operates in over 200 countries. Colgate is committed to sustainability and community welfare, achieving milestones in reducing plastic waste and improving children's oral health.
Colgate-Palmolive Company (NYSE:CL) reported a 1.5% increase in net sales and a 4.0% rise in organic sales for Q1 2022. However, EPS declined by 18% to $0.66 on a GAAP basis, and by 8% to $0.74 on a Base Business basis. The gross profit margin fell 220 basis points to 58.5%. Operational cash flow was $386 million. Colgate maintained significant market shares in toothpaste (39.2%) and manual toothbrushes (30.7%). The company updated its 2022 guidance, expecting net sales growth at 1% to 4% and organic sales growth at 4% to 6%. Challenges include rising raw material costs and global uncertainties.
FAQ
What is the current stock price of Colgate-Palmolive Company (CL)?
What is the market cap of Colgate-Palmolive Company (CL)?
What products does Colgate-Palmolive manufacture?
Where are Colgate-Palmolive products sold?
What percentage of Colgate-Palmolive’s sales come from international markets?
What is the Tom's of Maine Incubator program?
How does Colgate-Palmolive support sustainability?
How can I stay updated on Colgate-Palmolive news?
Where can I find career opportunities at Colgate-Palmolive?
What is the financial performance of Colgate-Palmolive?
What are some of the key brands under Colgate-Palmolive?
What is Colgate-Palmolive’s commitment to social responsibility?
