News Release


P&G Delivers First Quarter Core EPS of $1.07, Organic Sales up 2%; Completes Pet Care Divestiture, Announces Duracell Exit

Tuesday, July 5, 2016 9:19 pm BST



Public Company Information:

 The Procter & Gamble Company (NYSE:PG) reported first quarter fiscal year 2015 core earnings per share of $1.07, an increase of two percent versus the prior year. On a currency-neutral basis, core earnings per share increased nine percent. Diluted net earnings per share were $0.69, including non-core items of $0.38 per share. Organic sales grew two percent for the quarter. Reported net sales were $20.8 billion, unchanged versus the prior year, including a negative two percentage point impact from the combination of foreign exchange and minor divestitures.

P&G generated operating cash flow of $3.6 billion and free cash flow of $2.8 billion for the quarter. Adjusted free cash flow productivity was 96%. P&G returned $4.2 billion in cash to shareholders, including $1.8 billion in dividends and $2.4 billion of common stock repurchases.

“P&G’s first quarter results were in-line with our expectations, despite a very difficult operating environment,” said Chairman, President, and Chief Executive Officer A.G. Lafley. “This keeps us on-track to deliver our fiscal year commitments.”

“We continue to accelerate and increase productivity savings, sharpen our strategies and strengthen our portfolio by focusing on our biggest opportunities. The pet care divestiture and exit of the battery business will allow us to further focus these efforts.”