Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
COLGATE PALMOLIVE CO reported financial results for the quarter ended March 31, 2026.
- Period
- the quarter ended March 31, 2026
- Result
- reported results
Exact text from the filing
On May 1, 2026, Colgate-Palmolive Company (the “Company”) issued a press release announcing its earnings for the quarter ended March 31, 2026. This press release is attached as Exhibit 99 and is incorporated herein by reference.
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.95
COLGATE PALMOLIVE CO announced a restructuring with charges of Total pre-tax charges estimated between $350 million and $550 million, increased from $200-$300 million, comprising employee-related costs (70%-80%) and asset-r affecting North America (5%-10%), Latin America (15%-20%), Europe, Middle East & Africa (25%-30%), Asia Pacific (10%-15%), Hill's Pet Nutrition (10%-15%), and Corporate (20%-25%) (Employee-related costs, including severance and other termination benefits (70% to 80% of total charges)).
- Type
- restructuring
- Charge
- Total pre-tax charges estimated between $350 million and $550 million, increased from $200-$300 million, comprising employee-related costs (70%-80%) and asset-r
- Affected area
- North America (5%-10%), Latin America (15%-20%), Europe, Middle East & Africa (25%-30%), Asia Pacific (10%-15%), Hill's Pet Nutrition (10%-15%), and Corporate (20%-25%)
- Headcount
- Employee-related costs, including severance and other termination benefits (70% to 80% of total charges)
Exact text from the filing
Building on the successful implementation of the Strategic Growth and Productivity Program to date, on April 30, 2026, the Company’s Board approved an expansion of the program to continue to align the Company’s operations to drive future growth and support the Company’s 2030 strategy. The Strategic Growth and Productivity Program is now estimated to result in cumulative pre-tax charges, once all initiatives are approved and implemented, totaling between $350 million and $550 million, increased from $200 million to $300 million. These pretax charges are currently estimated to be comprised of the following: employee-related costs, including severance and other termination benefits (70% to 80%) and asset-related costs and other charges (20% to 30%), which include accelerated depreciation, asset write-offs, contract termination and other exit costs. It is estimated that approximately 80% to 90% of the charges will result in cash expenditures and substantially all charges resulting from the
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