Navigation Links
P&G Reports Fourth Quarter EPS of $0.92 and Operating Profit Growth of 13%, Behind Balanced 5% Organic Sales and Volume Growth
Date:8/5/2008

s. Favorable foreign exchange contributed six percent to sales growth. Disproportionate growth in developing regions and product mix shifts drove a negative two percent mix impact. Organic sales increased five percent. Several new initiatives were launched during the quarter including Pantene Beautiful Lengths, Gillette Hair Care, Pampers UnderJams, Oral-B CrossAction Pro-Health, Actonel Once-a-Month and Olay Regenerist 14 Day Skin Intervention and Definity Color Recapture Moisturizer.

Net earnings increased 33 percent to $3.0 billion behind strong sales growth, improved operating margin and a lower tax rate. Operating margin increased 50-basis points as overhead productivity improvements more than offset a decline in gross margin. Diluted net earnings per share increased 37 percent for the quarter to $0.92.

Gross margin declined by 160-basis points to 49.2% during the quarter. Higher commodity and energy costs reduced gross margin by about 300-basis points. About half was offset by pricing, cost savings projects and scale leverage from volume growth.

Selling, general and administrative expenses (SG&A) were down 210-basis points for the quarter to 31.1% of net sales primarily due to volume scale leverage, Gillette-related cost synergies and overhead productivity improvements.

Operating cash flow was up 14% to $4.1 billion for the quarter behind strong earnings growth and an increase in accounts payable. Inventory was up primarily due to higher material costs. Free cash flow, defined as operating cash flow less capital expenditures, was $2.9 billion during the quarter and 96% of net earnings. Capital expenditures were 5.6% of net sales during the quarter, bringing the fiscal year level to 3.6% of net sales.

The company repurchased $2.0 billion of P&G stock during the quarter as part of the company's previously announced three-year $24 - $30 billion share repurchase program. The company has repurchased $10 billion of P&G stock since
'/>"/>

SOURCE The Procter & Gamble Company
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Related medicine news :

1. Metropolitan Health Networks Reports 2008 Second Quarter Results
2. NxStage Reports Second Quarter 2008 Financial Results
3. Simcere Pharmaceutical Group Reports Unaudited Second Quarter 2008 Results
4. Stereotaxis Reports Record Second Quarter Revenue
5. Vion Reports 2008 Second Quarter and Six-Month Results
6. Masimo Reports Second Quarter 2008 Financial Results
7. LegalView Brain Injury Site Reports Department of Veteran Affairs Request for Research on TBI and Soldiers
8. ACS Motion Control Ltd. Reports Second Quarter Results
9. Genoptix Reports Strong Financial Results for the Second Quarter and Raises Guidance for Full-Year 2008
10. Poniard Pharmaceuticals Reports Second Quarter 2008 Financial Results and Corporate Update
11. Thoratec Reports 44 Percent Increase in Second Quarter Revenues;
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/31/2014)... (PRWEB) August 31, 2014 Green ... harmful disc brake dust at the source while ... Problem: Millions of vehicles globally emit brake dust/debris ... in the friction materials (disc brake pads) are ... nations’ water systems. For example, copper impairs and ...
(Date:8/31/2014)... Priya Khan, Director of Research & Development at ... weight-loss supplements saying, “Consumers are understandably frustrated with ... propagated by unscrupulous companies about weight-loss products.” Even ... the subject. , NutriGold’s mission is to educate ... and to provide them with guidelines for choosing ...
(Date:8/31/2014)... August 31, 2014 To make it ... brand they can trust, NutriGold is shipping complimentary samples ... form has been set up to make taking advantage ... , According to Priya Khan, Director of Research and ... purchase one of our products, they are entrusting us ...
(Date:8/31/2014)... 2014 “Prohibition is our history,” ... our future: the present ~ that’s political.” , ... , new on the Bryan William Brickner Blog, ... system (CS) modulation and homeostasis - including one ... use. The Publius CS update includes: heteromerization ...
(Date:8/31/2014)... Top10BestSEOHosting.com has recently compared many professional web ... ), Bluehost and GoDaddy are the best hosting ... Top10BestSEOHosting.com says, “These companies have outperformed other competitors ... so that we call them the Best VPS ... get the best web hosting to enjoy the ...
Breaking Medicine News(10 mins):Health News:CBPModular Technology with Global Patent Coverage Solves Vehicle Wheel Brake Dust Problem 2Health News:New Reasons to Verify Label Claims on Weight-loss Products Before Buying 2Health News:New Reasons to Verify Label Claims on Weight-loss Products Before Buying 3Health News:Whole-food Supplement Samples Now Offered by NutriGold 2Health News:Whole-food Supplement Samples Now Offered by NutriGold 3Health News:Homeostasis: Publius’ Alcohol Political Cannabinoid Science ~ New on the Bryan William Brickner Blog 2Health News:Top10BestSEOHosting.com Announces The Best Hosting Suppliers In 2014: iPage, Bluehost and GoDaddy 2
... events , WEDNESDAY, May 5 (HealthDay News) -- A ... significantly cuts down on hospital drug errors, researchers from ... "We had the opportunity to design and implement a ... the hospital gets the right medication at the right ...
... those mental illnesses are still common, especially among women, survey ... report finds that older people have lower rates of mental ... the conditions remain common, especially in women. , Researchers led ... San Francisco analyzed a survey of 2,575 people aged 55 ...
... it may not help older men and women with sexual problems ... partner report greater happiness and those who talked with friends ... Journal of Gerontology: Social Sciences , shows that the way ... later years varies greatly and that there is not one solution ...
... ... Healthy CHOICES Act, and just days after the release of America’s first-ever ... and leaders from the fitness industry are gathering on Capitol Hill as ... will meet with Members of Congress to share their vision for a ...
... ... with online resources dedicated to the technical requirements associated with large format touch screens. ... particular makes this need an immediate one. See how they answered the call... ... (PRWEB) May 5, ...
... Research Institute (CRI) is participating in an international study ... and chronic lymphocytic leukemia. "This study is important ... to treat patients with leukemia or lymphoma," said Arthur ... Research Institute, and principal investigator for the Temple portion ...
Cached Medicine News:Health News:Bar Codes Cut Down on Hospital Medication Errors 2Health News:Bar Codes Cut Down on Hospital Medication Errors 3Health News:Friendship and confiding in spouse eases stress over sexual issues in older men 2Health News:Friendship and confiding in spouse eases stress over sexual issues in older men 3Health News:Fitness Industry Gathers on Capitol Hill Hours After Healthy CHOICES Act is Introduced, Urging Congress to Pass Anti-Obesity, Exercise Promotion Legislation 2Health News:Fitness Industry Gathers on Capitol Hill Hours After Healthy CHOICES Act is Introduced, Urging Congress to Pass Anti-Obesity, Exercise Promotion Legislation 3Health News:Fitness Industry Gathers on Capitol Hill Hours After Healthy CHOICES Act is Introduced, Urging Congress to Pass Anti-Obesity, Exercise Promotion Legislation 4Health News:Fitness Industry Gathers on Capitol Hill Hours After Healthy CHOICES Act is Introduced, Urging Congress to Pass Anti-Obesity, Exercise Promotion Legislation 5Health News:Horizon Display Demonstrates their Dedication to After-Sales Support with Enhanced Online Resources 2Health News:Horizon Display Demonstrates their Dedication to After-Sales Support with Enhanced Online Resources 3Health News:Scott & White Healthcare clinical trials target lymphoma, leukemia 2
(Date:8/30/2014)...  Boston Scientific has released the primary endpoint ... Failure (NECTAR-HF) clinical trial, the first and only ... (VNS) for the treatment of heart failure patients.  ... Cardiology and Director of the Clinical Investigation Center ... de la Recherche Medicale presented the results at ...
(Date:8/30/2014)... Mass. , Aug. 30, 2014   Royal ... of Affiniti, a new ultrasound system designed ... the demands of increasing patient volumes and cost pressures. ... Congress 2014 in Barcelona ... departments facing more patients with fewer resources deliver high ...
(Date:8/29/2014)... /PRNewswire-iReach/ -- Market Research Report on Global and ... professional and in-depth market survey on Global ... report firstly reviews the basic information of X-Ray ... technology. The report then explores global and China,s ... product specification, capacity, Production value, and market share ...
Breaking Medicine Technology:Boston Scientific Announces Primary Endpoint Results of NECTAR-HF Clinical Trial 2Boston Scientific Announces Primary Endpoint Results of NECTAR-HF Clinical Trial 3Boston Scientific Announces Primary Endpoint Results of NECTAR-HF Clinical Trial 4Philips Debuts New Affiniti Ultrasound System at the European Society of Cardiology Congress 2014 2Philips Debuts New Affiniti Ultrasound System at the European Society of Cardiology Congress 2014 3Philips Debuts New Affiniti Ultrasound System at the European Society of Cardiology Congress 2014 4X-Ray Crystallography Scanner Industry For Global and Chinese Market Forecast to 2019 2X-Ray Crystallography Scanner Industry For Global and Chinese Market Forecast to 2019 3X-Ray Crystallography Scanner Industry For Global and Chinese Market Forecast to 2019 4X-Ray Crystallography Scanner Industry For Global and Chinese Market Forecast to 2019 5
A One Piece Support Garment - any length or size...
Body Suit w/Bra torso...
Male Compression Vest Binder...
Ideal for breast compression with adjustable hook and eye closure....
Medicine Products: