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Published January 27, 2005
Colgate-Palmolive Company announced strong worldwide sales and unit volume growth for the fourth quarter 2005. Global sales increased 10.5% and global unit volume increased 9%, company executives said. The global unit increase is the strongest quarte… Read More »
Published December 7, 2004
Colgate-Palmolive Company today announced a four-year restructuring and business-building plan that the company hopes will ensure continued growth in unit volume, sales and earnings per share. About 12% of the company's 37,000 employees will be affec… Read More »
Published October 25, 2004
Colgate-Palmolive announced financial results for the third quarter. Profit fell due to increasedmarketing spending and higher costs for raw materials. The company earned $329 million, downfrom $365.4 million a year earlier.Last month Colgate issued… Read More »
Published July 9, 2004
Colgate-Palmolive Company shifted the appointments of three current senior executives, all of whom may eventually succeed chief executive officer Reuben Mark. In February, Mr. Mark said he would likely stay at the company he has run for the past 20 y… Read More »
Published June 2, 2004
Colgate-Palmolive Company has completion its 100% acquisition of the outstanding shares of GABA Holding AG, Switzerland, for $841 million. Included in the assets of the business acquired is $112 million of net cash. The agreement to purchase privatel… Read More »
Published April 21, 2004
Colgate-Palmolive Co.'s posted a 4% rise in first-quarter profit as the weak dollar and new products boosted international sales enough to offset weakness in the U.S. The maker of Colgate toothpaste and Mennen deodorant reported earnings of $338.5 mi… Read More »
Published February 4, 2004
Colgate-Palmolive Co. chairman and chief executive Reuben Mark said he expects to remain with the company for the next two to four years, and at some point a current executive at the household products company would become CEO.Lois Juliber, chief ope… Read More »
Published February 3, 2004
Colgate-Palmolive Company reported its eighth consecutive year of double-digit earnings per share growth for the year ended Dec. 31, 2003. Executives said operating profit, gross profit and net profit margins all reached record highs for both the fou… Read More »
Published January 7, 2004
Nestlé, Vevey, Switzerland, wants to use its free cash flow to cut debt and is looking to expand its nutrition business, finance chief Wolfgang Reichenberger told a Swiss newspaper on Wednesday."Mid-year our debt stood at 21 billion francs...The trip… Read More »
Published December 18, 2003
Colgate-Palmolive Co. on Thursday said it has agreed to acquire privately held Swiss toothpaste maker GABA Holding AG, expanding its business at European pharmacies.Colgate said it will pay 800 million to 1.05 billion Swiss francs, or $630 million to… Read More »
Published December 11, 2003
European Union competition authorities said they had cleared a joint venture between Nestle SA and Colgate-Palmolive Co. to make tooth-cleaning chewing gum. The partnership is a first step by Nestle to move from low-margin food products to more profi… Read More »
Published November 26, 2003
Colgate-Palmolive Co. has filed suit in U.S. District Court in New York against Procter & Gamble Co., saying its competitor is making false claims in advertising for its tooth-whitening products.Colgate-Palmolive has asked the court to order P&G to s… Read More »
Published October 23, 2003
Colgate-Palmolive Company has agreed to sell its European laundry detergent brands, marketed in France, Italy and Scandinavia, to Procter & Gamble. The sale is subject to approval by regulatory authorities in France.Reuben Mark, Colgate's chairman an… Read More »
Published August 21, 2003
Colgate-Palmolive Company has appointed of Fabian Garcia president, Asia-Pacific division, responsible for the company's growing business operations throughout Asia, including China, India and Australia. Mr. Garcia most recently served as senior vice… Read More »
Published July 28, 2003
America is far from perfect when it comes to corporate governance, with examples such as WorldCom Inc., Enron Corp. and Adelphia Communications Corp.But U.S. companies still do better than most in everything from board disclosure and accountability t… Read More »
Published July 22, 2003
Colgate-Palmolive Co., maker of products ranging from soap to dog food, on Tuesday said profit rose 10% in the second quarter as new products and the weaker dollar helped boost sales. The higher results continued a trend for Colgate, which has been h… Read More »
Published June 17, 2003
Nestle and Colgate-Palmolive have joined forces to challenge Wrigley, the world's No. 1 chewing gum maker, for leadership of the fast-growing market for dental chewing gum.Nestle, the world's biggest consumer food company, and Colgate-Palmolive, the… Read More »
Published May 30, 2003
Colgate-Palmolive Co., New York, has accused Blue Cross Laboratories, Santa Clarita, CA, of ripping off trademarked brands and packaging of several products. The lawsuit cites Blue Cross built "a substantial component of its business" by imitating Co… Read More »
Published May 7, 2003
Colgate-Palmolive Co., New York, shareholders elected the company's slate of nominees as directors at Colgate's annual shareholder meeting.Colgate's slate of nominees to the board consisted of chairman and chief executive Reuben Mark; Jill Conway, fo… Read More »
Published April 17, 2003
Colgate-Palmolive delivered record profits growth for the first quarter on Thursday driven by strong sales of new products such as Colgate Simply White, a clear gel to whiten teeth. The group behind brands such as Ajax cleaning liquid and Speed stick… Read More »
Published April 11, 2003
The cosmetics and toiletries market only grew 2% in 2002, the second consecutive year of low single-digit growth after averaging roughly 5% annually over the previous five years, according to data recently released by Kline & Company, Little Falls, N… Read More »
Published April 1, 2003
Dial Corp. named Richard Theiler senior vice president in charge of all research and development efforts. Mr. Theiler previously served as vice president of research and development for Colgate-Palmolive Co.'s global fabric care business. Mr. Theiler… Read More »
Published March 27, 2003
Colgate-Palmolive Co. said on Thursday its top executive got a $3.3 million bonus for 2002 after the consumer goods maker met its earnings targets and increased market share in hand soap, body wash, fabric softener and pet food. Colgate, whose produc… Read More »
Published March 25, 2003
Colgate-Palmolive Co. said it expects capital expenditures for 2003 to be 4% of its net sales, according to a Form 10-K filed Monday with the Securities and Exchange Commission. The filing didn't include information on the expected net sales for 2003… Read More »
Published February 20, 2003
Reuben Mark, the 64-year-old chairman and chief executive of New York-based household and personal care products maker Colgate-Palmolive Co., is not ready to leave the company yet, according to a Reuters report."I have no specific retirement plans,"… Read More »
Published February 14, 2003
Reckitt Benckiser Plc's targets for this year will take center stage next week when the world's largest household cleaning products group is expected to report a leap of at least 18% in 2002 net profit. British firm, which sells Finish/Calgonit dishw… Read More »
Published February 4, 2003
Colgate-Palmolive Co., New York, NY, said fourth quarter profit rose 15% on strong sales growth and improved profit margins, and the consumer products company predicted another good year in 2003. The maker of Colgate toothpaste, Palmolive soap and ot… Read More »
Published September 19, 2002
One of the latest wipes to hit the scene is Murphy Soft Wipe. This large wipe, pre-moistened with Murphy Oil Soap, comes in a re-sealable pouch of 18 wipes and is safe for use on all finished or painted wood surfaces. No more excuses for skipping bas… Read More »
Published September 3, 2002
Avon Products Inc. and Colgate-Palmolive today, both said they were confident with third quarter and full-year sales and earnings projections. Avon reiterated its earnings guidance for the third quarter and full year, citing continued growth in sales… Read More »
Published August 22, 2002
Colgate-Palmolive Co. will try to take a bite out of rival Procter & Gamble's lead in the fast-growing at-home teeth-whitening market with its own entry-a gel that costs less than half the price ($14.99) of competing Crest's Whitestrips. The system c… Read More »
Published August 21, 2002
Scottsdale, AZ-based Dial Corporation is still on the market. The board said last year it would look for a buyer so Dial could better compete with industry giants such as Procter & Gamble and Colgate-Palmolive. So far, no buyer has emerged, but Dial'… Read More »
Published July 23, 2002
Colgate-Palmolive Company announced record net income and earnings per share in the second quarter. Net income increased 14% to $327 million.The company also reconfirmed external estimates for both third quarter and full year 2002 earnings per share.… Read More »
Published March 14, 2002
Colgate-Palmolive Company's board of directors declared quarterly cash dividends on the company's common stock and $4.25 preferred stock. The company has paid uninterrupted dividends on its common stock since 1895, according to a statement. The commo… Read More »
Published February 5, 2002
Colgate-Palmolive Company, New York, NY, announced worldwide dollar sales increased only slightly from the all time high in last year's fourth quarter. Earnings per share rose 7% in the quarter after the one-time charge to $.49 per diluted share. Exe… Read More »
Published October 18, 2001
Colgate-Palmolive Co. reported a 7.6% increase in third quarter profits, boosted by strong sales of core products such as toothpaste and dish detergent. For the quarter ended Sept. 30, the company earned $296.2 million, compared with $275.3 million i… Read More »
Published September 5, 2001
Colgate-Palmolive Co. said today the company is comfortable with analysts' earnings estimates for the third quarter and 2002 and that it expects to again post double-digit earnings growth again in 2002."We're quite confident the external estimates wi… Read More »
Published August 15, 2001
Shares of consumer products maker Gillette Co. climbed Wednesday amid growing confidence it is heading in the right direction for a recovery, partly bolstered by a decline in the U.S. dollar. The manufacturer of Mach3 razors and Duracell batteries ro… Read More »
Published August 7, 2001
P&G is the latest household and personal care company to take a bite out of the chewing gum market. The company today announced it has reached an agreement with the Wm. Wrigley Jr. Company to introduce innovative chewing gums with dental benefits to… Read More »
Published August 6, 2001
Dial S for sale. After a much-publicized, year-long strategic review, "the board concluded that in order to maximize shareholder value and ensure that our products remain competitive in the future, the company should be part of a larger enterprise,"… Read More »
Published July 23, 2001
Colgate-Palmolive Company achieved record net income and earnings per share in the second quarter driven by 5% worldwide unit volume growth. Operating margin reached an all time high of 20.2% as a percent to sales, up 150 basis points from last year.… Read More »
Published July 12, 2001
Colgate-Palmolive Co. said today it expects to report a rise in second-quarter and full-year operating profits in Latin America, which accounts for about one-fourth of its sales, despite currency problems in the region."Our operating profits in Latin… Read More »
Published April 19, 2001
Colgate-Palmolive worldwide top-line unit volume increased 7% while earnings per share grew 16% in the first quarter. Each of Colgate's operating divisions achieved strong volume growth and also increased operating earnings in the period. Earnings pe… Read More »
Published March 29, 2001
Colgate-Palmolive Co. said it raised its chairman's combined salary and bonus by 6.7% last year as the company surpassed its earnings per share goal. Chairman and chief executive officer Reuben Mark's salary in 2000 was $1.34 million, up from $1.26 m… Read More »
Published February 28, 2001
Shares in Anglo-Dutch consumer products company Reckitt Benckiser put on a shine on Wednesday as it reported a polished 38 percent jump in annual net income beating its own sales and income growth targets, according to Reuters. Reckitt, the world's l… Read More »
Published December 29, 2000
Colgate-Palmolive Company announced today the sale of its Viva detergent in Mexico to Henkel, the German consumer products and chemical company, effective January 2001. Colgate said the sale of this non-core brand is consistent with its strategy to d… Read More »
Published December 11, 2000
Colgate-Palmolive Co. shares climbed Monday after the consumer-products giant reconfirmed that it would meet Wall Street's consensus earnings estimate for the fourth quarter. The average projection of 13 analysts polled by First Call is that Colgate-… Read More »
Published October 9, 2000
SmithKline Beecham PLC is buying U.S.-based Block Drug Co. for $1.24 billion, adding brands such as Sensodyne toothpaste and Poli-Grip denture adhesive to its consumer health care portfolio that includes Aquafresh toothpaste. The deal announced Monda… Read More »
Published September 15, 2000
Shares of Colgate-Palmolive stock dropped more than 15% after analysts said the company had warned them its earnings were being hurt by the cost of petroleum and the weakness in the European currency. While earnings are still expected to meet earlier… Read More »
Colgate To Build Plant in South Carolina
$200 million investment will employ 300. Read More »
Emerging Weakness?
Unilever comments spook stocks. Read More »