Colgate-Palmolive Q3 net income up

Tue. November 03, 2009; Posted: 09:30 AM

Nov 03, 2009 (Datamonitor via COMTEX) -- CL | Quote | Chart | News | PowerRating -- Colgate-Palmolive Company has reported a net income of $590 million, or $1.12 per diluted share, for the third quarter ended September 30, 2009, compared to $500 million, or $0.94 per diluted share, for the third quarter of 2008.

For the third quarter of 2009, net sales were $3.998 billion, even with the year-ago quarter.

For the first nine months of 2009, net sales were $11.25 billion, compared to $11.67 billion for the same period of 2008. Net income was $1.66 billion, or $3.16 per diluted share, compared to $1.46 billion, or $2.72 per diluted share, for the same period of 2008.

Ian Cook, chairman, president and CEO of Colgate-Palmolive Company, said: "We are delighted that our strong momentum continued this quarter with operating profit, net income and earnings per share all increasing double-digit and organic sales growing a healthy 7%, driven by positive volume and higher pricing. Pleasingly, this momentum was widespread with every operating division achieving operating profit increases, both absolutely and as a percent to sales, as well as positive organic sales growth."

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For full details on Colgate-Palmolive Co (CL) click here. Colgate-Palmolive Co (CL) has Short Term PowerRatings of 6. Details on Colgate-Palmolive Co (CL) Short Term PowerRatings is available at This Link.

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