Colgate-Palmolive Company(NYSE:CL) today reported worldwide Net sales of $4,383million in third quarter 2011, an increase of 11.0% versus third quarter2010. Global unit volume grew 4.5%, pricing increased 2.0% and foreignexchange was positive 4.5%. Excluding divested businesses, global unitvolume grew 5.0%. The Sanex acquisition contributed 2.0% to sales andvolume growth. Organic sales (Net sales excluding foreign exchange,acquisitions and divestments) grew 5.0%.
Net incomeincreased 4% to $643 million in third quarter 2011 and dilutedearnings per share increased 8% to $1.31. Net income and Diluted earnings pershare in third quarter 2010 were $619 million and $1.21, respectively.
Ian Cook,Chairman, President and Chief Executive Officer commented on the resultsand outlook excluding the third quarter 2011 items noted above,"We are pleased with our strong top and bottom line growth this quarter withworldwide net sales, operating profit, net income and dilutedearnings per share all increasing versus year ago, despite very sharpincreases in material costs, an intense competitive environment andchallenging macroeconomic conditions worldwide".
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