Colgate Announces 2nd Quarter 2020 Results.

NEW YORK- Colgate-Palmolive Company (NYSE:CL)

Net sales increased 1.0%, Organic sales* increased 5.5%

GAAP EPS grew 9% to $0.74, Base Business EPS* grew 3% to $0.74

GAAP Gross profit margin increased 110 basis points to 60.8%, Base Business Gross profit margin* increased 120 basis points to 60.8%

Net cash provided by operations was $1,794 million

Colgate's leadership in toothpaste continued with its global market share at 40.0% year to date

Colgate's leadership in manual toothbrushes continued with its global market share at 31.0% year to date

The Company is not providing 2020 financial guidance due to the continued uncertainty surrounding the business impacts from COVID-19 and related macroeconomic volatility

Second Quarter Total Company Results (GAAP)

The impact of non-GAAP adjustments may not necessarily equal the difference between 'GAAP' and 'non-GAAP' as a result of rounding.

Notes:

(1)	The income tax effect on non-GAAP items is calculated based upon the tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.
(2)	The impact of non-GAAP items on the Company's effective tax rate represents the difference in the effective tax rate calculated with and without the non-GAAP adjustment on Income before income taxes and Provision for income taxes.

See details at: https://investor.colgatepalmolive.com/news-releases/news-release-details/colgate-announces-2nd-quarter-2020-results

John Faucher 212-310-3653

Hope Spiller 212-310-2291

Source: Colgate-Palmolive Company

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