Key Developments: Colgate-Palmolive Co (CL)
62.04USD
17 May 2013
$-0.34 (-0.55%)
$62.38
$62.14
$62.40
$61.78
4,149,203
3,249,575
$62.70
$48.10
Latest Key Developments (Source: Significant Developments)
Colgate-Palmolive Co Comments On FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance
Colgate-Palmolive Co announced that it anticipate another year of strong organic sales growth in fiscal 2013. In light of the ongoing impact of the Venezuela currency devaluation in fiscal 2013, which the Company still expect to be $0.05 to $0.07 per quarter, it continue to expect diluted earnings per share (EPS) to grow 5.5% to 6.5% for fiscal 2013, on a dollar basis. The Company reported revenue of $17.085 billion and EPS of $5.36 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue $17.717 billion and EPS of $5.70 for fiscal 2013. Full Article
Colgate-Palmolive Co Announces Dividend
Colgate-Palmolive Co announced that the Board of Directors approved a two-for-one split of the Company's common stock to be effected through a stock dividend and increased the ongoing quarterly cash dividend by 10%, both effective in second quarter 2013 as described below. The record date for the two-for-one split is the close of business on April 23, 2013, with share distribution scheduled for May 15, 2013. Full Article
Colgate-Palmolive Co And Halliburton Co Sees Q1 2013 Charge From Venezuela's Devaluation Of Currency-DJ
Dow Jones reported that global companies are bracing for potentially significant write-downs stemming from Venezuela's devaluation of its currency against the dollar. On Monday, Colgate-Palmolive Co and Halliburton Co both said they would book charges in the first quarter of 2013 as a result of the devaluation of the bolivar fuerte, or strong bolivar, as the currency is officially known. The government of ailing President Hugo Chavez would slash the value of the bolivar by nearly one third. Colgate said it would incur a charge of $120 million related to the currency devaluation. The after-tax charge amounts to 25 cents a share and will be taken in the first quarter of 2013. Full Article
Colgate-Palmolive Co Issues FY 2013 EPS Guidance In Line With Analysts' Estimates
Colgate-Palmolive Co announced that in fiscal 2013 diluted earnings per share (EPS) will grow at a double-digit rate, on a dollar basis, excluding charges related to the 2012 Restructuring Program and absent any major currency devaluations or significant macroeconomic events. The Company reported diluted earnings per share of $5.15 in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $5.89 for fiscal 2013. Full Article
Colgate-Palmolive Co Declares Regular Quarterly Dividends
Colgate-Palmolive Co announced that it has declared quarterly cash dividends of $.62 per common share, payable on February 15, 2013, to shareholders of record on January 24, 2013. The Company has paid uninterrupted dividends on its common stock since 1895. Full Article
Colgate-Palmolive Co Reaffirms FY 2012 EPS Guidance; Sees FY 2012 Charge Guidance; Expects To Reduce 6% Of Global Employee Workforce By FY 2016
Colgate-Palmolive Co announced that it continues to expect diluted earnings per share (EPS) for fiscal 2012 to grow at a double-digit rate, on a currency neutral basis. If average exchange rates in the balance of the year were to remain at current spot rates, currency translation would decrease fiscal 2012 diluted EPS growth by approximately 6-7%. It is expected that by the end of fiscal 2016, the fiscal 2012 Restructuring Program will reduce the Company's global employee workforce by approximately 6% from the current level of 38,600. Implementation of fiscal 2012 restructuring program is projected to result in cumulative pretax charges, once all phases are approved and implemented, totaling between $1.100 and $1.250 billion ($775 and $875 million aftertax), beginning with approximately $110 to $120 million ($90 to $100 million aftertax) in fourth quarter 2012. The Company reported EPS of $5.03 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.37 for fiscal 2012. Full Article
Colgate-Palmolive Co Declares Regular Quarterly Dividends
Colgate-Palmolive Co announced that it has declared quarterly cash dividends of $.62 per common share, payable on November 15, 2012, to shareholders of record on October 23, 2012. The Company has paid uninterrupted dividends on its common stock since 1895. Full Article
Colgate-Palmolive Co Issues FY 2012 Revenue Guidance-Conference Call
Colgate-Palmolive Co announced that for fiscal 2012, it expects top-line growth in the 6% to 7% range. Full Article
Colgate-Palmolive Company Reaffirms FY 2012 EPS Guidance
Colgate-Palmolive Company announced that it continue to expect diluted earnings per share (EPS) for fiscal 2012 to grow at a double-digit rate, on a currency neutral basis and, as such, it remains comfortable with external profit growth expectations for fiscal 2012. The Company reported EPS of $5.03 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.36 for fiscal 2012. Full Article
Colgate-Palmolive Company Declares Regular Quarterly Dividends
Colgate-Palmolive Company announced that it has declared quarterly cash dividends of $.62 per common share, payable on August 15, 2012, to shareholders of record on July 24, 2012. Full Article
Colgate profit meets Wall Street expectations
- Colgate-Palmolive Co's profit matched Wall Street expectations and sales were better than expected, easing concerns a day after rival Procter & Gamble Co appeared to be under pressure.
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