Colgate-Palmolive Reports Record Q3 Revenues and Earnings

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COLGATE-PALMOLIVE ($NYSE:CL): Colgate-Palmolive Company is an American multinational consumer products company specializing in oral care, personal care, home care, and pet nutrition products. Their non-GAAP earnings per share (EPS) of $0.73 beat the estimated figure by $0.03, while their revenue of $4.77B exceeded the expected sum by $190M. The exceptional performance was mainly driven by a 5% organic net sales growth, higher gross margins, and effective cost management. The company saw broad-based improvement in their operating results from all four regions– North America, Latin America, Asia Pacific, and Europe/South Pacific– as well as across all of their product categories.

Overall, Colgate-Palmolive reported a strong third-quarter performance and exceeded both revenue and EPS expectations. This is a testament to the company’s focus on delivering high-quality products that meet the demands of their customers. As they continue to focus on innovating and investing in their brands, they are well-positioned to generate long-term growth and value for shareholders.

Stock Price

On Friday, COLGATE-PALMOLIVE COMPANY reported record third-quarter revenues and earnings. The company’s stock opened at $79.1 and closed at $79.8, representing a 2.4% increase from its last closing price of 77.9. This growth was attributed to an increase in pricing as well as strong demand for its household staples and personal care products.

Overall, COLGATE-PALMOLIVE COMPANY’s third-quarter report reflects the company’s resilience and ability to navigate these uncertain times. It is likely that the company will continue to report positive results despite the pandemic, making it a great investment opportunity for those looking to diversify their portfolios. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Colgate-palmolive Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Colgate-palmolive Company are shown below. More…

Analysis

At GoodWhale, we performed an analysis of COLGATE-PALMOLIVE COMPANY‘s wellbeing. By looking at their Star Chart, we concluded that COLGATE-PALMOLIVE COMPANY is classified as a ‘cow’, which suggests that it has a track record of consistently and sustainably paying out dividends. We believe that investors interested in dividend-paying stocks should be interested in COLGATE-PALMOLIVE COMPANY. As it scores an 8/10 in cashflows and debt, we can safely conclude that it is strong enough to withstand any crisis without risking bankruptcy. In terms of other areas, COLGATE-PALMOLIVE COMPANY also performs well, with a particular strength in dividends and profitability. However, when it comes to growth and assets, it does appear to be weak. More…

Peers

The Colgate-Palmolive Co is in competition with Unilever PLC, Henkel AG & Co KGaA, Clorox Co, and other companies. All of these companies are vying for a share of the market in the production and sale of consumer products. The competition is intense and each company is trying to outdo the others in terms of quality, price, and innovation.

– Unilever PLC ($LSE:ULVR)

Unilever PLC is a British-Dutch multinational consumer goods company. It is one of the world’s largest consumer goods companies with a presence in over 190 countries. The company has a wide portfolio of brands, including Dove, Lipton, Axe/Lynx, Hellmann’s, Omo, Knorr, Flora/Becel, Heartbrand ice creams and Ben & Jerry’s. It is also a major producer of margarine and spreads.

Unilever’s market cap as of 2022 was 97.96B. The company’s ROE was 30.85%.

Unilever is a company that is dedicated to improving the lives of people all over the world. The company does this by providing quality products that make everyday life easier and more enjoyable. Unilever is committed to making a positive difference in the world and to being a force for good.

– Henkel AG & Co KGaA ($LTS:0IZC)

Henkel AG & Co KGaA is a German consumer goods company which operates in three main business areas: laundry and home care, beauty care, and adhesive technologies. The company has a market cap of 26.23B as of 2022 and a Return on Equity of 4.84%. Henkel was founded in 1876 and is headquartered in Düsseldorf, Germany. The company employs around 53,000 people worldwide and its products are sold in more than 125 countries.

– Clorox Co ($NYSE:CLX)

The Clorox Company is an American multinational manufacturer and marketer of consumer and professional products with about 8,100 employees worldwide as of 2019. Its fiscal 2019 revenue was US$6.1 billion. The company’s headquarters are in Oakland, California.

Clorox products are sold in more than 100 countries and include laundry and cleaning products such as bleach, disinfecting wipes and cleaners, and other household products. The company has been headquartered in Oakland, California, since it was founded in 1913.

The Clorox Company’s market capitalization is $16.67 billion as of 2022. Its Return on Equity (ROE) is 93.23%.

The Clorox Company is a diversified consumer products company with operations in the United States, Canada, Europe and Latin America. Clorox markets some of the most trusted and recognized consumer brand names, including its namesake bleach and disinfecting products, Pine-Sol® cleaners, Liquid Plumr® clog removers, Poett® home care products, Fresh Step® cat litter, Glad® bags, wraps and containers, Kingsford® charcoal, Hidden Valley® ranch dressing, Brita® water-filtration products, Burt’s Bees® natural personal care products, RenewLife® digestive health products and Green Works® natural cleaners.

Summary

COLGATE-PALMOLIVE COMPANY has recently released their earnings report and the results were positive. The company posted Non-GAAP earnings per share (EPS) of $0.73, beating analyst estimates by $0.03. Revenue for the quarter was reported to be $4.77 billion, beating analyst estimates by $190 million.

The strong results indicate that COLGATE-PALMOLIVE COMPANY is in a healthy financial position. This news is likely to be welcomed by investors and may result in a positive outlook for the company’s stocks in the coming days.