Overview
- P&G reported fiscal Q3 revenue of $21.2 billion, up 7% from a year ago, with organic sales up 3%.
- Diluted EPS rose 6% to $1.63 after a nonrecurring gain from dissolving the Glad joint venture.
- Core EPS, which excludes one-time items, increased 3% to $1.59.
- The company returned $3.2 billion to shareholders through $2.5 billion in dividends and over $600 million in buybacks.
- P&G’s essential brands and global reach help keep cash flow predictable, and the dividend now reflects 70 straight annual raises and 136 years of payments with a yield near 3%.