Colgate-Palmolive's Q2 2024 Financial Results: An Overview

Friday, 26 July 2024, 11:02

Colgate-Palmolive Company, listed on NYSE as CL, has shown promising growth in its second quarter earnings for 2024. The company reported a net sales increase of 4.9% year-over-year, totaling $5 billion, while organic sales surged by 9%. Net income rose significantly to $731 million, or $0.89 per share, compared to last year’s figures of $502 million or $0.60 per share. The strong performance highlights the company’s resilience in the market and promising future prospects.
AlphaStreet
Colgate-Palmolive's Q2 2024 Financial Results: An Overview

Colgate-Palmolive's Q2 2024 Earnings Overview

Colgate-Palmolive Company (NYSE: CL) has reported robust financial outcomes for the second quarter of 2024. Here are the key highlights:

  • Net sales increased by 4.9%, reaching $5 billion.
  • Organic sales saw a significant rise of 9%.
  • Net income improved to $731 million, translating to $0.89 per share.
  • Last year, net income was only $502 million, or $0.60 per share.
  • Base business EPS increased by 18% to $0.91.

Conclusion

The latest financial results of Colgate-Palmolive demonstrate a strong performance amid market challenges, indicating potential for continued growth.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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