Colgate-Palmolive Co. - Conference Presentation Calls

Colgate-Palmolive Co. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company reported net income and diluted earnings per share in third quarter 2009 of $590 million and $1.12, respectively. Third quarter 2008 reported net income and diluted earnings per share were $500 million and $0.94, respectively, which included $31 million of aftertax charges ($0.05 per diluted share) related to the 2004 Restructuring Program. Excluding restructuring charges (which pertain only to 2008), net income and diluted earnings per share increased 11% and 13%, respectively. Worldwide sales as reported were $3,998 million, even with the year ago quarter, and unit volume as reported increased 1.5%. Excluding divested businesses, worldwide sales grew 0.5% and unit volume increased 2.0%. Organic sales (excluding foreign exchange, acquisitions and divestments) grew 7.0%. Global pricing increased 5.0% while foreign exchange was negative 6.5%. Operating profit was $926 million in third quarter 2009 compared to $791 million as reported in third quarter 2008. Excluding restructuring charges in 2008, operating profit rose 11% to $926 million in third quarter 2009 from $837 million in third quarter 2008, increasing to 23.2% from 21.0% as a percentage to sales. For the nine months, the company reported net sales of $11,246 million and operating profit of $2,624 million and income before income taxes of $2,565 million and net income of $1,660 million or $3.16 per diluted share compared to net sales of $11,666 million and operating profit of $2,324 million and income before income taxes of $2,242 million and net income of $1,460 million or $2.72 per diluted share for the same period a year ago. Net cash provided by operations year to date increased by 34% to $2,375 million. For the period, the company reported capital expenditures of $347 million compared to capital expenditures of $392 million for the same period a year ago.

Colgate-Palmolive Co. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).