P&G Delivers Increased Earnings In Fourth Quarter

The Procter & Gamble Co. reported fiscal year 2013 diluted net earnings per share from continuing operations of $3.86, up 24 percent versus the prior year. Core earnings per share were $4.05, an increase of five percent versus the prior year. Net sales were $84.2 billion, an increase of one percent including a negative two point impact from foreign exchange. Organic sales grew three percent for the fiscal year.

Core earnings per share were $0.79 for the April to June quarter. Diluted net earnings per share from continuing operations were $0.64, including non-core items of $0.15 per share. Organic sales grew four percent, on five percent unit volume growth. Net sales were $20.7 billion, an increase of two percent versus the prior year period including a negative two percentage point impact from foreign exchange.

“The company met its objectives for the fourth quarter and fiscal year, and we will build on these results in fiscal 2014,” said Chairman, President and Chief Executive Officer, A.G. Lafley, in a prepared statement. “With an overriding focus on value creation, we will strengthen and accelerate productivity plans. We will continue to make choiceful investments in core brands, our biggest innovation opportunities, and in our core developed and most promising developing markets. In all we do, we will stay focused on winning with consumers, customers and shareholders.”

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