P&G Vaults on Quarterly Figures

Procter & Gamble Co (NYSE: PG) earned $1.10 per share on revenue of $16.51 billion in the latest quarter.

The Cincinnati-based household products maker reported first-quarter fiscal year 2019 net sales of $16.7 billion, in-line with the year-ago level.

Excluding the impacts of foreign exchange, acquisitions and divestitures, organic sales increased 4%. Diluted net earnings per share were $1.22, an increase of 15% versus the prior year. Core earnings per share increased 3% to $1.12. Currency-neutral core EPS increased 11% versus the prior year.

Operating cash flow was $3.6 billion for the quarter. Adjusted free cash flow productivity was 95%. The Company returned $3.1 billion of cash to shareholders via $1.9 billion of dividend payments and nearly $1.3 billion of common stock repurchases.

David Taylor, Chairman, President and Chief Executive Officer. said, ``Our focus on superiority, productivity and improving P&G’s organization and culture is driving improved results.”

Net sales in the first quarter of fiscal year 2019 were $16.7 billion, in-line with the prior year. Unfavorable foreign exchange was a three percent hurt to sales for the quarter. Excluding the impacts of foreign exchange, acquisitions and divestitures, organic sales increased four percent driven by a 3% increase in shipment volume.

Shares in PG rocketed $5.27, or 6.6%, to $85.51