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COLGATE-PALMOLIVE COMPANY

(CL)
  Report
Delayed Nyse  -  04:00:02 2023-02-03 pm EST
74.29 USD   +0.76%
02/03Insider Sell: Colgate Palmolive
MT
02/03American Dental Association Foundation Kicks Off the 21st Year of Give Kids A Smile« With Exclusive National Sponsors, Henry Schein and Colgate-Palmolive
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01/31Barclays Adjusts Colgate-Palmolive's Price Target to $77 From $80, Keeps Equalweight Rating
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Colgate Palmolive : Three Months Ended September 30, 2022 and 2021

10/28/2022 | 12:14pm EST

Table 8

Colgate-Palmolive Company

Non-GAAP Reconciliations

For the Three Months Ended September 30, 2022 and 2021

(Dollars in Millions Except Per Share Amounts) (Unaudited)

Selling, General and Administrative Expenses

2022

2021

Selling, general and administrative expenses, GAAP

$

1,634

$

1,636

2022 Global Productivity Initiative

(1)

-

Selling, general and administrative expenses, non-GAAP

$

1,633

$

1,636

Other (Income) Expense, Net

2022

2021

Other (income) expense, net, GAAP

$

(33)

$

20

2022 Global Productivity Initiative

(2)

-

Gain on the sale of land in Asia Pacific

47

-

Acquisition-related costs

(17)

-

Other (income) expense, net, non-GAAP

$

(5)

$

20

Operating Profit

2022

2021

% Change

Operating profit, GAAP

$

947

$

967

(2)%

2022 Global Productivity Initiative

3

-

Gain on the sale of land in Asia Pacific

(47)

-

Acquisition-related costs

17

-

Operating profit, non-GAAP

$

920

$

967

(5)%

Basis Point

Operating Profit Margin

2022

2021

Change

Operating profit margin, GAAP

21.3 %

21.9 %

(60)

2022 Global Productivity Initiative

0.1 %

- %

Gain on the sale of land in Asia Pacific

(1.1)%

- %

Acquisition-related costs

0.4 %

- %

Operating profit margin, non-GAAP

20.7 %

21.9 %

(120)

Interest (Income) Expense, Net

2022

2021

Interest (income) expense, net, GAAP

$

40

$

98

Loss on early extinguishment of debt

-

(75)

Interest (income) expense, net, non-GAAP

$

40

$

23

Non-Service Related Postretirement Costs

2022

2021

Non-service related postretirement costs, GAAP

$

15

$

16

2022 Global Productivity Initiative

1

-

Non-service related postretirement costs, non-GAAP

$

16

$

16

Table 8

Continued

Colgate-Palmolive Company

Non-GAAP Reconciliations

For the Three Months Ended September 30, 2022 and 2021

(Dollars in Millions Except Per Share Amounts) (Unaudited)

2022

Net Income

Provision

Net Income

Less: Income

Attributable

Income

To

Effective

Diluted

For

Including

Attributable to

Colgate-

Before

Income

Noncontrolling

Noncontrolling

Palmolive

Income

Earnings

Income Taxes

Taxes(1)

Interests

Interests

Company

Tax Rate(2)

Per Share

As Reported GAAP

$

892

$

210

$

682

$

64

$

618

23.5 %

$

0.74

2022 Global Productivity Initiative

2

-

2

-

2

(0.1)%

-

Gain on the sale of land in Asia

(47)

(11)

(36)

(21)

(15)

0.1 %

(0.02)

Pacific

Acquisition-related costs

17

2

15

-

15

(0.2)%

0.02

Non-GAAP

$

864

$

201

$

663

$

43

$

620

23.3 %

$

0.74

2021

Net Income

Provision

Net Income

Less: Income

Attributable

Income

To

Effective

Diluted

For

Including

Attributable to

Colgate-

Before

Income

Noncontrolling

Noncontrolling

Palmolive

Income

Earnings

Income Taxes

Taxes(1)

Interests

Interests

Company

Tax Rate(2)

Per Share

As Reported GAAP

$

853

$

172

$

681

$

47

$

634

20.2 %

$

0.75

Loss on early extinguishment of

75

20

55

-

55

0.5 %

0.06

debt

Non-GAAP

$

928

$

192

$

736

$

47

$

689

20.7 %

$

0.81

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.

Disclaimer

Colgate-Palmolive Company published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 16:13:02 UTC.


ę Publicnow 2022
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Financials (USD)
Sales 2022 17 936 M - -
Net income 2022 2 425 M - -
Net Debt 2022 7 179 M - -
P/E ratio 2022 25,8x
Yield 2022 2,52%
Capitalization 62 048 M 62 048 M -
EV / Sales 2022 3,86x
EV / Sales 2023 3,73x
Nbr of Employees 33 800
Free-Float 57,1%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 74,29 $
Average target price 80,75 $
Spread / Average Target 8,70%
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Managers and Directors
Noel R. Wallace Chairman, President & Chief Executive Officer
Phillip G. Shotts Senior Vice President-Finance
Stanley J. Sutula Chief Financial Officer
Michael Crowe Chief Information Officer
Patricia D. Verduin Co-Chief Technology Officer
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