Colgate announces Q4 results
NEW YORK — Colgate-Palmolive announced on Thursday an increase in worldwide net sales and net income for the fourth quarter as strong sales of Colgate Optic White and Colgate Optic White Enamel White toothpastes helped fuel toothpaste market share in the United States.
Worldwide net sales totaled $4.29 billion during the fourth quarter, an increase of 2.5% compared with the year-ago period. Organic sales grew 4%.
Net income and diluted earnings per share were $598 million and $1.26, respectively. Net income included $73 million, or 15 cents per diluted share, of after-tax charges resulting from the implementation of the previously disclosed four-year restructuring program and costs associated with the sale of land in Mexico.
Net income and diluted earnings per share in the year-ago period were $590 million and $1.21, respectively. Net income in the fourth quarter 2011 included after-tax charges of $44 million, or 9 cents per diluted share.
In North America, net sales rose 4% and organic sales rose 3.5% during the quarter. Operating profit in North America rose 23% during the quarter to $236 million, or 30% of net sales.
In the United States, Colgate’s toothpaste market share reached 36.1% year to date, up 1 share point versus year ago, driven by strong sales of Colgate Optic White and Colgate Optic White Enamel White toothpastes, the company stated. In manual toothbrushes, Colgate’s market share reached 35.7% year to date, up 2.1 share points versus year ago, driven by the success of its Colgate 360 Optic White, Colgate 360 Sensitive Pro-Relief and Colgate Extra Clean manual toothbrushes.
New products launching in the first quarter of 2013 include Colgate 360 Total Advanced Floss Tip bristles manual toothbrush, Colgate Optic White Dual Action toothpaste and Colgate Total Zx Pro-Shield Plus Sensitivity toothpaste.
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