Colgate-Palmolive Co. revealed in its financial report for the fourth quarter of 2024 that its revenue was only 0.1% lower than in the same period in 2023, coming in at $4.9 billion. Diluted earnings per share (EPS) increased by 3% to $0.90, with net income up 2.5% year-on-year to $779 million.
Net sales for the full 2024 came to $20.1 billion, exceeding $20 billion for the first time and rising by 3.3% compared to 2023. Income jumped 24% to $3 billion with the diluted EPS growing 26.7% to $3.51. "Our goals for 2024 were to deliver peer-leading growth while funding investment for future growth and building flexibility into our P&L to counter macro headwinds. We delivered on those goals, leaving us well positioned to deliver against our guidance in 2025," CEO Noel Wallace said.
The company expects net sales to stay flat in 2025, with organic sales growth between 3% and 5% and mid-single-digit EPS growth.