Colgate-Palmolive Company (NYSE:CL) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET

Company Participants

Noel Wallace - President, Chief Executive Officer
Stan Sutula - Chief Financial Officer
John Faucher - Chief Investor Relations Officer

Conference Call Participants

Peter Grom - UBS
Dara Mohsenian - Morgan Stanley
Filippo Falorni - Citi
Andrea Teixeira - JP Morgan
Robert Moskow - TD Cowen
Bonnie Herzog - Goldman Sachs
Chris Carey - Wells Fargo
Olivia Tong - Raymond James
Steve Powers - Deutsche Bank
Bryan Spillane - Bank of America
Robert Ottenstein - Evercore ISI
Lauren Lieberman - Barclays
Mark Astrachan - Stifel

Operator

Good morning. Welcome to today’s Colgate-Palmolive second quarter 2024 earnings conference call.

This call is being recorded and is being simulcast live at www.colgatepalmolive.com.

Now for opening remarks, I’d like to turn this call over to Chief Investor Relations Officer and Executive Vice President, M&A, John Faucher.

John Faucher

Thanks Drew. Good morning and welcome to our second quarter 2024 earnings release conference call. This is John Faucher.

Today’s conference call will include forward-looking statements. Actual results could differ materially from these statements. Please refer to the second quarter 2024 earnings press release and related prepared materials, and our most recent filings with the SEC including our 2023 annual report on Form 10-K and subsequent SEC filings, all available on Colgate’s website, for a discussion of the factors that could cause actual results to differ materially from these statements.

This conference call will also include a discussion of non-GAAP financial measures, including those identified in Tables 4, 6, 7, 8 and 9 of the earnings press release. A full reconciliation to the corresponding GAAP financial measures is included in the second quarter 2024 earnings press release and is available on Colgate’s website.

Joining me on the call this morning are Noel Wallace, Chairman, President and Chief Executive Officer, and Stan Sutula, Chief Financial Officer. Noel will provide you with some thoughts on our Q2 results and our 2024 outlook. We will then open it up for Q&A.

Noel?

Noel Wallace

Thanks John, and thanks for joining us this morning. I look forward to taking your questions in regards to our strong Q2 results.

As part of our ambition to deliver consistent compounded earnings growth, we have talked about the importance of driving balanced organic sales growth - all six divisions, all four categories, and with a combination of volume and pricing growth. We have re-vamped our innovation model, leveraged our global strength across price tiers, invested in marketing spend, and scaled new exciting capabilities across the organization, all of which is driving brand health and household penetration. This is particularly important given the pricing we have taken over the past few years.