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Article: Colgate Announces Record First Quarter Shipments and Sales, Improved Profitability.
- Article from:
- Business Wire
- Article date:
- April 17, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--April 17, 1996--Colgate-Palmolive Company achieved broad-based growth and reached an all-time high in first quarter sales and unit volume. Profits improved from the fourth quarter of 1995, both in absolute terms and as a percentage of sales. Profit comparisons versus the year-ago quarter, as expected, were impacted by maxi-devaluation and recession in Mexico and Venezuela.
First quarter sales increased to a new record of $2.1 billion, up 4%. Excluding the effects of Mexico and Venezuela, sales and unit volume were both up 6%. All worldwide operating divisions grew in sales and unit volume. Net income was $143.5 million or $.95 per share, ...