Colgate-Palmolive Company (CL) SEC Filings & Earnings Calls

Restructuring Execution Risk

“The Strategic Growth and Productivity Program is estimated to result in cumulative pre-tax charges, once all initiatives are approved and implemented, totaling between $350 and $550.” · word for word

Talcum Powder Litigation

“As of June 30, 2026, there were 525 individual cases pending against the Company in state and federal courts throughout the United States, as compared to 484 cases as of March 31, 2026 and 453 cases as of December 31, 2025.” · word for word

Tariff and Trade Policy Risk

“Major developments in trade relations, including the imposition of new or increased tariffs by the United States and/or other countries, have contributed to and are expected to continue to contribute to inflationary pressures, geopolitical tensions and macroeconomic and market volatility.” · word for word

North America sales decline due to private label pet food exit and volume drop.

“North America net sales -3.0%, organic sales -3.0%, volume -3.9%”

Volatile market conditions expected to continue in balance of 2026.

“While we expect the volatile market conditions to continue in the balance of 2026” · word for word

Restructuring charges may impact near-term earnings and cash flow.

“Item 2.05: estimated 80% to 90% of charges will result in cash expenditures.”

Tariff-driven raw material cost inflation

“significantly higher raw and packaging material costs (350 bps), which included the impact of tariffs” · word for word

North America organic sales decline

“Organic sales in North America decreased 2.2% in the first quarter of 2026.” · word for word

Restructuring execution risk

“Strategic Growth and Productivity Program... estimated to result in cumulative pre-tax charges... totaling between $350 and $550”

Loss of experienced Chief Legal Officer; transition risk mitigated by internal promotion and phased transition.

“Jennifer M. Daniels, who has served as Chief Legal Officer and Secretary ... since 2014, has communicated ... her intention to retire ... the Board elected Betsy Fishbone ... to the position of Chief Legal Officer and Secretary, effective June 1, 2026.” · word for word

Tariff impact on earnings and guidance

“the P&O Committee specifically reserved the right to adjust the calculation of the performance measures for extraordinary events, including the possible positive or negative impact of tariffs not yet announced when the targets were set.” · word for word

Slowing organic sales growth

“our organic sales growth slowed considerably and our Base Business Earnings Per Share also grew at a slower rate.” · word for word

Macroeconomic and geopolitical volatility

“2025 was a challenging year, as global macroeconomic and geopolitical volatility, slower global category growth rates, consumer uncertainty, tariffs and high raw material inflation impacted sales and profit growth across the consumer sector.” · word for word

Raw material inflation

“high raw material inflation impacted sales and profit growth across the consumer sector.” · word for word

Consumer uncertainty and trading down

“Colgate-Palmolive noted a persistently cautious consumer environment in North America, with inflation driving some consumers to switch from premium products to cheaper private-label brands.” · word for word

No new risks identified; segment change is administrative.

“No impact on financials.”

Input cost volatility

“Volatility in material and other costs has in the past and may continue to adversely impact our profitability.” · word for word

Tariff and trade policy risk

“Major developments in trade relations, including the imposition of new or increased tariffs...have contributed to and are expected to continue to contribute to inflationary pressures...and have impacted and may continue to impact the cost and/or availability of raw and packaging materials.” · word for word

Geopolitical risk

“We face risks resulting from political and macroeconomic instability and geopolitical events and tensions, wars and military conflicts, such as in Ukraine, the Middle East and Venezuela.” · word for word

Customer concentration risk

“Our sales to Walmart, Inc. and its affiliates represented approximately 11% of our Net sales in 2025.” · word for word

Impairment risk

“in the fourth quarter of 2025, we took a non-cash, aftertax impairment charge of $794 to adjust the carrying values of goodwill and intangible assets related to the skin health business.” · word for word

Skin health impairment signals weakness in China and category growth; $794M non-cash charge.

“Non-cash, after-tax charge of $794 million to adjust carrying values of goodwill and intangible assets related to the skin health business. Lower than expected category growth rates and weaker than expected performance, particularly in China.” · word for word

Slowing category growth in many markets

“slowing category growth in many markets” · word for word

Private label pet exit impacting organic sales by ~70bps

“approximately 70 basis point impact from our exit from private label pet sales” · word for word

Tariff impact included in guidance but uncertain

“including the estimated impact of tariffs announced and finalized as of October 29, 2025” · word for word

Raw material cost inflation

“This decrease in Gross profit margin was due to significantly higher raw and packaging material costs (600 bps), partially offset by cost savings from the Company’s funding-the-growth initiatives (290 bps), higher pricing (90 bps) and favorable mix (30 bps).” · word for word

Volume decline in key regions

“Worldwide Net sales were $5,131 in the third quarter of 2025, up 2.0% from the third quarter of 2024, due to net selling price increases of 2.3% and positive foreign exchange of 1.2%, partially offset by volume declines of 1.5%.” · word for word

Market share loss in toothpaste

“The Company’s share of the global toothpaste market was 41.2% on a year-to-date basis, down 0.5 share points from the year ago period” · word for word

Intangible asset impairment risk

“As of the date of the annual goodwill and indefinite-lived impairment test, the fair value of the skin health reporting unit and one of the Company’s indefinite-lived trademark intangible assets exceeded their carrying values by less than 20%.” · word for word