Colgate Q4 and FY24: Net sales up 3.3%, EPS up 27% to $3.51.

• Colgate announces Q4 and FY24 results with over $20bn in net sales • Net sales increased 3.3%, organic sales up 7.4% • GAAP EPS rose 27% to $3.51, base business EPS up 11% • Net cash provided by operations increased 10% to $4,107 • $3.4bn returned to shareholders through dividends and repurchases

Colgate-Palmolive, the renowned consumer goods company, recently announced its Q4 and FY24 financial results, showcasing a robust performance with net sales exceeding $20 billion [1]. This impressive figure represents a 3.3% increase from the previous year, with organic sales demonstrating a more significant surge of 7.4% [1].

The company's financial success is evident in its GAAP EPS, which rose by 27% to $3.51 [1]. Base business EPS also experienced growth, increasing by 11% to $2.83 [1]. Colgate's strong financial position was further solidified by a 10% increase in net cash provided by operations to $4,107 million [1].

Colgate's leadership in the toothpaste and manual toothbrush markets remained unchallenged, with global market shares standing at 41.6% and 32.3% year to date, respectively [1]. The company's focus on increasing household penetration to drive category growth and market shares has resulted in positive volume growth in every operating division for the second consecutive quarter [1].

Colgate's Q4 and FY24 results represent the company's sixth consecutive quarter delivering gross margin expansion, along with growth in operating profit, net income, and earnings per share [1]. This impressive streak demonstrates Colgate-Palmolive's ability to maintain its financial health and adapt to market conditions.

References:
[1] Colgate-Palmolive Company. (2024, October 25). Colgate-Palmolive Announces 3rd Quarter 2024 Results. Retrieved from https://investor.colgatepalmolive.com/news-releases/news-release-details/colgate-announces-3rd-quarter-2024-results