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Colgate Posts Gain in 1Q

Published June 23, 2008
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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.

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