Financial News

Third Quarter Highlights

Net revenues increased +16.3% driven by Organic Net Revenue¹ growth of +15.7% with strong +3.8pp Volume/Mix performance, Volume/Mix positive across all regions
Diluted EPS was $0.72, up +84.6%; Adjusted EPS¹ was $0.82, up +16.7% on a constant currency basis
Year-to-date cash provided by operating activities was $3.2 billion; Free Cash Flow¹ was $2.4 billion, up +$0.5 billion vs prior year
Return of capital to shareholders was $2.2 billion in the first nine months of the year
Closed the divestiture of our developed market gum business for $1.4 billion
Raising Organic Net Revenue outlook to 14% to 15% and Adjusted EPS growth outlook to ~16%

Second Quarter Highlights

Net revenues increased +17.0% driven by Organic Net Revenue¹ growth of +15.8% with strong Volume/Mix performance in 3 of 4 regions
Diluted EPS was $0.69, up 27.8%; Adjusted EPS¹ was $0.76, up +21.5% on a constant currency basis
Year-to-date cash provided by operating activities was $2.0 billion; Free Cash Flow¹ was $1.5 billion
Return of capital to shareholders was $1.7 billion in the first half of the year
Announcing +10% increase to quarterly dividend
Raising both Organic Net Revenue and Adjusted EPS growth outlook to 12%+

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