|
|
Article: Colgate Reports Record First Quarter -EPS up 18% to $1.12 vs. $.95 - 6% Unit Volume Growth.
- Article from:
- Business Wire
- Article date:
- April 16, 1997
CopyrightCOPYRIGHT 1997 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)
|
NEW YORK--(BUSINESS WIRE)--April 16, 1997--Colgate-Palmolive Company opened 1997 with record first quarter sales and earnings, strong shipments and the highest gross profit and operating profit in the Company's history.
Net income rose 18 percent to $170 million or $1.12 per share versus $.95 in the first quarter of 1996. Adjusted for the previously announced 2-for-1 stock split to take effect on May 15, 1997, first quarter EPS was $.56 versus $.47, or up 19%.
Global unit volume grew 6 percent, led by Hill's Pet Nutrition, up 19 percent, Colgate-North America, up 8 percent, and Colgate-Latin America, up 8 percent. Sales increased 5 percent to $2.1 ...