P&G Reports Q3 Earnings & Highlights
The Procter & Gamble Company (PG) supplies branded consumer packaged goods to consumers across the globe.
Procter & Gamble just fell a fraction short of earnings estimates of $1.002 per share, as they reported earnings of $1.00 per share for Q3.
The company saw a 4% increase in net sales with $16.3 billion and a 1% increase in organic sales. The diluted net earnings per share were up 2% at $0.95. P&G saw $3.4 billion in operating cash flow.
In Q3, the company paid out $1.8 billion in dividends and realized $1.4 billion in share repurchases and overall $3.2 billion was returned to shareholders via these combined efforts.
David Taylor, P&G Chairman of the Board, President and Chief Executive Officer stated, “We delivered modest top- and bottom-line growth in a challenging macro environment in the third quarter. We have large businesses in several difficult markets. The ecosystems in which we operate around the world are being disrupted and transformed. We will change at an even faster rate—winning through superiority, cost and cash productivity and a strengthened organization and culture.”