June 2009 -- Despite difficult economic conditions, Colgate-Palmolive Co. had a strong first quarter, recording an 8% increase in organic sales and reporting increases in gross margin, operating margin and net profit as a percent to sales.
The company reported net income and diluted earnings per share of $507.9 million and 97 cents, respectively, compared with $466.5 million and 86 cents, respectively, in the first quarter of 2008.
"Looking ahead, we have a very full new product pipeline for the balance of the year, which should contribute to positive unit volume growth in the second quarter and for the full year," said Ian Cook, chairman, president and CEO. "We expect our strong organic sales growth to continue, driven by both positive volume and higher pricing."
