Colgate Announces 4th Quarter and Full Year 2022 Results

Highlights:

* 4Q 2022 Earnings Press Release

* 4Q 2022 Net sales increased 5.0%, Organic sales increased 8.5%

* Full Year 2022 Net sales increased 3.0%, Organic sales increased 7.0%

NEW YORK- Colgate-Palmolive Company (NYSE:CL) today reported results for fourth quarter and full year 2022. Noel Wallace, Chairman, President and Chief Executive Officer, commented, 'We are very pleased to have finished 2022 with a continuation of our strong growth momentum, as 2022 was our fourth consecutive year delivering organic sales growth at or above our 3% to 5% long-term targeted range. Net sales increased 5.0% in the fourth quarter, and organic sales grew 8.5% with growth in every division and in all four of our categories, despite challenging macroeconomic conditions worldwide.

'By delivering on our revenue growth management and productivity initiatives, we are continuing to fund increased investment behind innovation, advertising and digital transformation, which is helping to drive this broad-based growth and deliver improved market share performance.

'Looking ahead, we have a proven strategy, a focused portfolio of leading brands in growing, everyday usage categories and product offerings across price points. We are also strengthening and scaling our digital, data analytics, innovation and other capabilities across the company. All this adds to our confidence that despite uncertain macroeconomic conditions worldwide, we are executing against the right strategy and are well-positioned to deliver sustainable, profitable growth in 2023 and beyond.'

Full Year

Net sales increased 3.0%, Organic sales* increased 7.0%

On a GAAP basis, EPS declined 16% to $2.13, driven by goodwill and intangible assets impairment charges in the fourth quarter related to the Filorga skin health business

On a Base Business basis, EPS* declined 7% to $2.97, in line with the Company's full year guidance

Full Year Total Company Results (GAAP)

See full release at: https://investor.colgatepalmolive.com/news-releases/news-release-details/colgate-announces-4th-quarter-and-full-year-2022-results

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