Colgate-Palmolive Company (CL) today reported worldwide Net
sales of $4,398 million in third quarter 2013, an increase of 1.5% versus third
quarter 2012. Global unit volume grew 5.0%, pricing increased 1.0% and foreign
exchange was negative 4.5%. Organic sales (Net sales excluding foreign
exchange, acquisitions and divestments) grew 6.0%.
Net income and Diluted earnings per share in third quarter
2013 were $656 million and $0.70, respectively. Net income in third quarter
2013 included $24 million ($0.03 per diluted share) of aftertax charges
resulting from the implementation of the previously disclosed four-year Global
Growth and Efficiency Program (the “2012 Restructuring Program”) and costs
associated with the sale of land in Mexico.
Net income and Diluted earnings per share in third quarter
2012 were $654 million and $0.68, respectively. Net income in third quarter
2012 included aftertax charges of $7 million ($0.01 per diluted share)
resulting from the items described in Table 8. Read more.
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