Colgate-Palmolive Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net sales of $3,826 million compared to $3,845 million a year ago. Operating profit was $853 million compared to $944 million a year ago. Income before income taxes was $829 million compared to $919 million a year ago. Net income attributable to the company was $524 million or $0.59 per diluted share compared to $600 million or $0.67 per diluted share a year ago. Non-GAAP income before income taxes was $971 million compared to $978 million a year ago. Non-GAAP net income attributable to the company was $639 million or $0.72 per diluted share compared to $631 million or $0.70 per diluted share a year ago.

For the six months, the company reported net sales of $7,588 million compared to $7,607 million a year ago. Operating profit was $1,738 million compared to $1,811 million a year ago. Income before income taxes was $1,691 million compared to $1,758 million a year ago. Net income attributable to the company was $1,094 million or $1.23 per diluted share compared to $1,133 million or $1.26 per diluted share a year ago. Net cash provided by operations was $1,305 million compared to $1,320 million a year ago. Capital expenditures were $229 million compared to $248 million a year ago. Free cash flow before dividends was $1,076 million compared to $1,072 million a year ago. Non-GAAP income before income taxes was $1,879 million compared to $1,872 million a year ago. Non-GAAP net income attributable to the company was $1,240 million or $1.39 per diluted share compared to $1,202 million or $1.33 per diluted share a year ago.

The company provided sales guidance for the full year of 2017. The company continues to expect a low-single-digit net sales increase for 2017, and given slower than expected first half, the company is now planning for low-single-digit organic sales growth for 2017. The company expects solid gross margin expansion, but they are now planning for gross margin to be up in the low end to midpoint of their 75 to 125 basis points long-term guidance range versus at the high end previously.