Colgate-Palmolive Company (NYSE:CL) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET

Company Participants

John Faucher - Chief Investor Relations Officer & SVP, M&A
Noel Wallace - President & CEO
Stan Sutula - CFP

Conference Call Participants

Dara Mohsenian - Morgan Stanley
Filippo Falorni - Citi
Robert Moskow - TD Cowen
Bonnie Herzog - Goldman Sachs
Kevin Grundy - BNP
Lauren Lieberman - Barclays
Kaumil Gajrawala - Jefferies
Chris Carey - Wells Fargo
Olivia Tong - Raymond James
Robert Ottenstein - Evercore ISI
Andrea Teixeira - JP Morgan
Bryan Spillane - Bank of America
Korinne Wolfmeyer - Piper Sandler
Steve Powers - Deutsche Bank
Mark Astrachan - Stifel
Edward Lewis - Redburn Atlantic

Operator

Good morning. Welcome to today’s Colgate-Palmolive 2024 Third Quarter 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 Senior Vice President, M&A, John Faucher.

John Faucher

Thanks, Betsy. Good morning, and welcome to our third 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 third 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 third 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 results and our 2024 outlook. We will then open it up for Q&A.

Noel?

Noel Wallace

Thanks, John, and good morning, everyone, and thanks again for joining us, as we report another strong quarter of top line and bottom line performance. Our strategy of delivering more impactful core and premium innovation, increasing our advertising spending and scaling capabilities to drive improved brand health and higher household penetration is paying-off through strong volume-led organic sales growth.