(Boursier.com) — Colgate-Palmolive, a major American player in consumer products, announced its fourth quarter accounts, marked by sales growth of 2% and organic growth of 3%. On a GAAP basis, annual earnings per share fell 19% to $2.55. Adjusted EPS for the year increased by 5% to $3.21. Annual sales increased by 6%, of which 4.5% organically. Net income for the fourth quarter was $148 million or 18 cents per share, compared with $647 million a year earlier. Quarterly adjusted EPS was 79 cents, in line with FactSet consensus, while sales were $4.4 billion. The group anticipates a price increase in 2022, and is also launching savings initiatives.
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