Colgate-Palmolive Q1 EPS rises 84% to $0.83; raises full-year sales guidance
Colgate-Palmolive reported first-quarter 2024 net sales of $5,065 million, up 6.2%, and GAAP diluted EPS of $0.83, up 84% from $0.45. The company raised its full-year 2024 net sales and organic sales growth guidance, which supports the outlook for shareholders.
- Net sales rose 6.2% to $5,065 million; organic sales rose 9.8%.
- GAAP diluted EPS was $0.83 versus $0.45; Base Business EPS (non-GAAP) was $0.86 versus $0.73.
- Full-year 2024 net sales growth guidance raised to 2% to 5% from 1% to 4%; organic sales growth guidance raised to 5% to 7% from 3% to 5%.
- Net cash provided by operations was $681 million for the first three months of 2024.