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Operating cash flow was put at $3.4 billion for the quarter. Adjusted free cash flow productivity was 95 percent, P&G said.
Net sales also beat analysts’ estimates. Net sales rose 4.3 percent, just above what analysts estimated would be $16.21 billion in a Thomson Reuters survey.
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The company said it returned $3.2 billion of cash to shareholders through $1.8 billion of dividends and $1.4 billion of common stock repurchases.
Earlier this month, P&G announced a four percent increase in its quarterly dividend, marking the 62nd consecutive year the company has increased its dividend.
P&G said it has been paying a dividend for 128 years, since its incorporation in 1890.
Earlier Thursday, P&G said it would acquire German company Merck KGaA’s consumer health division for 3.4 billion euros or just over $4 billion.
BREAKING NEWS: $PG Acquires the Consumer Health Business of Merck KGaA, Darmstadt, Germany: https://t.co/vzfUKdiwEk pic.twitter.com/SuKjvdCRaf
— P&G (@ProcterGamble) April 19, 2018
P&G makes Pampers diapers and Gillette razors and a wide array of popular household items. The acquisition will give expand P&G’s product portfolio to include Vicks cold relief medicines and more.
P&G has a massive distribution operation in Union, last year taking over part of the services there from Impact Fulfillment Services.
The 1.7 million-square-foot center near Dayton International Airport opened in 2015. About 760 people work there today.
More than a third of P&G’s products moves through the facility. DHL has about 520 employees at the site; Impact has about 100; P&G has about 140.
P&G also has a “beauty and innovation” center and campus in Mason.
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