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Procter & Gamble | 8-K: P&G Announces Second Quarter Fiscal Year 2024 Results and Holds Conference Call

SEC announcement ·  Jan 23 00:00
Summary by Moomoo AI
On January 23, 2024, Procter & Gamble (P&G) released its second quarter financial results and conducted a conference call to discuss the outcomes. The company also provided informational slides on its website, which were referenced during the call. This disclosure was made in accordance with the SEC's Form 8-K, under the Regulation FD Disclosure. P&G reported organic sales growth across various segments, with total company organic sales growth at 4%. The non-GAAP financial measures, such as Core EPS and Currency-neutral Core EPS, were detailed, showing a Core EPS increase of 16% from the previous period. The company also highlighted a non-cash, after-tax impairment charge of $1.0 billion related to the Gillette intangible asset, which was not considered part of the sustainable results. Adjusted free cash flow productivity was reported at 95%, reflecting the company's ability to generate cash after accounting for capital spending and maintenance.
On January 23, 2024, Procter & Gamble (P&G) released its second quarter financial results and conducted a conference call to discuss the outcomes. The company also provided informational slides on its website, which were referenced during the call. This disclosure was made in accordance with the SEC's Form 8-K, under the Regulation FD Disclosure. P&G reported organic sales growth across various segments, with total company organic sales growth at 4%. The non-GAAP financial measures, such as Core EPS and Currency-neutral Core EPS, were detailed, showing a Core EPS increase of 16% from the previous period. The company also highlighted a non-cash, after-tax impairment charge of $1.0 billion related to the Gillette intangible asset, which was not considered part of the sustainable results. Adjusted free cash flow productivity was reported at 95%, reflecting the company's ability to generate cash after accounting for capital spending and maintenance.
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