Colgate-Palmolive Co. Announces Q4 Financial Results

Colgate-Palmolive Co. has reported its financial outcomes for the fourth quarter of 2024, showcasing a resilient performance with a minor 0.1% decrease in revenue, totaling $4.9 billion, compared to the same period in 2023. The company also highlighted a 3% increase in diluted earnings per share (EPS) to $0.90, alongside a 2.5% year-on-year rise in net income, reaching $779 million.

Annual Performance Highlights

For the entire year of 2024, Colgate-Palmolive achieved a significant milestone with net sales surpassing $20 billion for the first time, marking a 3.3% increase from 2023. The company's income saw a remarkable 24% jump to $3 billion, with diluted EPS growing by 26.7% to $3.51. CEO Noel Wallace expressed satisfaction with the company's achievements, stating, "Our goals for 2024 were to deliver peer-leading growth while funding investment for future growth and building flexibility into our P&L to counter macro headwinds. We delivered on those goals, leaving us well positioned to deliver against our guidance in 2025."

Looking Ahead to 2025

Looking forward, Colgate-Palmolive anticipates net sales to remain stable in 2025, with organic sales growth projected between 3% and 5%, alongside mid-single-digit EPS growth. This outlook reflects the company's confidence in its strategic initiatives and its ability to navigate the evolving market landscape.