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Colgate's sales rise 7.5% in 2011.

* Colgate-Palmolive Company's 2011 sales rose 7.5% to $16.7 billion. Global unit volume grew 3.5%, pricing increased 1.0% and foreign exchange was positive 3.0%. Excluding divested businesses, global unit volume grew 4.0%. The Sanex acquisition contributed 1.0% to full year sales and volume growth. Organic sales grew 4.0%.

Net income and diluted earnings per share for full year 2011 were $2.4 billion and $4.94, respectively. Net sales in the fourth quarter rose 5.0% to $4.1 billion. Global unit volume grew 4.0%., pricing increased 3.0% and foreign exchange was negative 2.0%. Excluding divested businesses, global unit volume grew 4.5%. The Sanex acquisition contributed 1.5% to sales and volume growth. Organic sales (net sales excluding foreign exchange, acquisitions and divestments) grew 6.0%.

Net income and diluted earnings per share in fourth quarter 2011 were $590 million and $1.21, respectively. Net in come in the quarter included $44 million of aftertax charges ($0.09 per diluted share) resulting from the previously disclosed implementation of various business realignment and other cost-saving initiatives, the sale of land in Mexico and a previously disclosed competition law mater in France related to a divested defer gent business.
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Title Annotation:Financial News
Publication:Household & Personal Products Industry
Article Type:Financial report
Date:Mar 1, 2012
Words:208
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