Page 1

COLGATE - PALMOLIVE Colgate Announces 3rd Quarter 2021 Results October 29 , 2021 NEW YORK -- ( BUSINESS WIRE ) -- Oct . 29 , 2021-- Colgate - Palmolive Company ( NYSE : CL ) : • Net sales increased 6.5 % , Organic sales * increased 4.5 % • On a GAAP basis , EPS declined 7 % to $ 0.75 ; On a Base Business basis , EPS * grew 3 % to $ 0.81 • GAAP Gross profit margin and Base Business Gross profit margin * decreased 180 basis points 59.4 % • Net cash provided by operations was $ 2,219 million for the first nine months of 2021 • Colgate's leadership in toothpaste continued with its global market share at 39.5 % year to date • Colgate's leadership in manual toothbrushes continued with its global market share at 31.0 % year to date • The Company confirmed its financial guidance for full year 2021 Third Quarter Total Company Results ( GAAP ) ( $ in millions except per share amounts ) Net Sales EPS ( diluted ) Third Quarter Total Company Results ( Base Business - Non - GAAP ) * ( $ in millions except per share amounts ) Organic Sales Growth Base Business EPS ( diluted ) 2021 2020 Change $ 4,414 $ 4,153 + 6.5 % Full Year 2021 Guidance $ 0.75 $ 0.81 -7 % 2021 Based on current spot rates : 2020 Change + 4.5 % * Indicates a non - GAAP financial measure . Please refer to " Non - GAAP Financial Measures " later in this release for definitions of non - GAAP financial measures and to " Table 6 - Geographic Sales Analysis Percentage Changes " and " Table 8 - Non - GAAP Reconciliations " included with this release for a reconciliation of these non - GAAP financial measures to the related GAAP measures . $ 0.81 $ 0.79 + 3 % Colgate - Palmolive Company ( NYSE : CL ) today reported results for third quarter 2021. Noel Wallace , Chairman , President and Chief Executive Officer , commented on the third quarter results , " We are pleased to have delivered another quarter of organic sales growth at the high end of our targeted range of 3 % to COVID - 19 . Net sales increased 6.5 % and organic sales grew 4.5 % driven by both volume growth and higher pricing . despite a difficult comparison in the year ago period and the impact of restricted mobility and supply chain disruptions due to " Net income and earnings per share both increased on a Base Business basis , despite significant increases in raw material and logistics costs . We expect the difficult cost environment to continue for the next several quarters and we remain sharply focused on our funding the growth and revenue growth management initiatives , including additional pricing . " We are encouraged by our performance this quarter , but as we look around the world , there is still much uncertainty stemming from the COVID - 19 pandemic , supply chain disruptions and volatility in consumer demand and currencies . In this difficult environment , we remain committed to executing our plans with focus and agility and believe we have the right strategies in place to continue to deliver sustainable , profitable growth over the long term . "