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Procter & Gamble | 8-K: Informational Slides Provided by the Procter & Gamble Company Dated April 19, 2024

SEC announcement ·  Apr 19 10:03
Summary by Moomoo AI
On April 19, 2024, Procter & Gamble (P&G) released its third-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. The financial report was disclosed through a Form 8-K filing with the SEC. P&G reported organic sales growth across multiple segments, with the Beauty, Grooming, Health Care, and Fabric Care & Home Care segments showing positive trends, while the Baby, Feminine & Family Care segment remained flat. The company achieved an 11% increase in Core EPS compared to the previous year, with a reported value of $1.52. When adjusted for currency impacts, the Currency-Neutral Core EPS was $1.61, marking an 18% increase. Gross margin improved by 310 basis points...Show More
On April 19, 2024, Procter & Gamble (P&G) released its third-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. The financial report was disclosed through a Form 8-K filing with the SEC. P&G reported organic sales growth across multiple segments, with the Beauty, Grooming, Health Care, and Fabric Care & Home Care segments showing positive trends, while the Baby, Feminine & Family Care segment remained flat. The company achieved an 11% increase in Core EPS compared to the previous year, with a reported value of $1.52. When adjusted for currency impacts, the Currency-Neutral Core EPS was $1.61, marking an 18% increase. Gross margin improved by 310 basis points to 51.3%, and the Currency-Neutral Core Gross Margin increased by 400 basis points to 52.2%. Operating margin saw a rise of 90 basis points to 22.1%, and the Currency-Neutral Core Operating Margin increased by 220 basis points to 23.4%. Adjusted free cash flow for the quarter was reported at $3,291 million, with a productivity ratio of 87%. P&G's forward-looking guidance estimates a net sales growth of 2% to 4% for FY 2024, with organic sales growth projected to be between 4% and 5%.
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