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Article: Colgate reports record earnings for 1989 and fourth quarter.
- Article from:
- PR Newswire
- Article date:
- February 8, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. 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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COLGATE REPORTS RECORD EARNINGS FOR 1989 AND FOURTH QUARTER
NEW YORK, Feb. 8 /PRNewswire/ -- Colgate-Palmolive Company (NYSE: CL) today announced it achieved record earnings for the full year and fourth quarter of 1989, reflecting the strength of its position as a global leader in consumer products.
Three months ended Dec. 31, 1989 (see note):
-- Sales increased 6 percent to $1.3 billion.
-- Earnings before interest and taxes (EBIT) rose 43 percent to $103.4 million.
-- Net income was up 43 percent to $62.5 million.
-- Net income per share was $.87 vs. $.64, a 36 percent increase.