Colgate's sales rise 7.5% in 2011.
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|
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