Our Analysis on P&Gs Fourth Quarter & Fiscal Year Earnings
Welcome to this quarter’s rendition of the Procter Press. These recent quarters have come with news of significant changes that impact all PG’ers, namely the exhaustion of the PG Preferred Shares that helped to encompass the annual PST Plan Contribution, and the added ability for those age 45 and older to now diversify their PST’s down to 40% PG stock. While these are changes that we have been working through with clients, this time of year also bears the annual LTIP election, and the decision on the split between RSU’s and Stock Options exists. Over the last week, we have been spending time with clients working through this election as well.
P&G reported earnings for its fourth quarter and fiscal year, reporting 6% organic sales growth, 100 basis points operating margin expansion, and 11% EPS growth. P&G also recently announced a 6% increase to their quarterly dividend. Management maintained their outlook for FY20 organic sales growth of 4-5% and EPS growth of 8-11%.
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‍
Meet
Brad Morgan
Hi there! 👋🏼 I'm Brad, a former Procter & Gamble employee turned financial advisor. With a focus on tax planning, I've been a trusted advisor for the P&G community for over ten years.
Our Analysis on P&Gs Fourth Quarter & Fiscal Year Earnings
Welcome to this quarter’s rendition of the Procter Press. These recent quarters have come with news of significant changes that impact all PG’ers, namely the exhaustion of the PG Preferred Shares that helped to encompass the annual PST Plan Contribution, and the added ability for those age 45 and older to now diversify their PST’s down to 40% PG stock. While these are changes that we have been working through with clients, this time of year also bears the annual LTIP election, and the decision on the split between RSU’s and Stock Options exists. Over the last week, we have been spending time with clients working through this election as well.
P&G reported earnings for its fourth quarter and fiscal year, reporting 6% organic sales growth, 100 basis points operating margin expansion, and 11% EPS growth. P&G also recently announced a 6% increase to their quarterly dividend. Management maintained their outlook for FY20 organic sales growth of 4-5% and EPS growth of 8-11%.
‍
‍
Meet
Brad Morgan
Hi there! 👋🏼 I'm Brad, a former Procter & Gamble employee turned financial advisor. With a focus on tax planning, I've been a trusted advisor for the P&G community for over ten years.
