Colgate-Palmolive Company posted a jump in worldwide sales and unit volume growth together with higher than expected earnings growth for first quarter 2008. Worldwide sales grew 15.5% to $3.7 billion and unit volume grew 5%, as reported.
First quarter 2008 results include $21.2 million in after-tax charges related to the 2004 Restructuring Program. The year ago quarter included restructuring charges of $29.9 million and other items leading to a net gain of $95.4 million.
Operating profit as reported increased 11% versus first quarter 2007 to $723.7 million. Reported net income in first quarter 2008 was $466.5 million.