Procter & Gamble (NYSE: PG) earned $1.02 per diluted share on a GAAP basis in the September-ending first quarter of fiscal 2011, down 4.2 percent from $1.06 in the same three months of last year.
Core earnings, a non-GAAP measure that excludes certain items and discontinued operations, rose from $0.97 to $1.02 per share.
A previous article examined in some detail P&G's Income Statement for the September quarter. Reported earnings were $0.06 more than our $0.96 EPS estimate.
We have now updated the various financial metrics we use to analyze Cash Management, Growth, Profitability and Value. This post reports on the metrics for P&G and the associated financial gauge scores. The metrics were calculated using data from P&G's current and historical financial statements, including those in the latest 10-Q report.
Before getting into the details, we will take a step back to introduce the subject of today's analysis.
Procter & Gamble creates and markets many well-known Household and Personal products to customers around the world. The company, based in Cincinnati, traces its roots back to 1837.
P&G reported Net Income of $12.7 billion ($10.9 billion from continuing operations) on Net Sales of $78.9 billion in fiscal 2010, which ended in June.
The company's market value is currently about $190 billion on a fully diluted basis, which makes P&G one of the ten most-valuable U.S. corporations.
Having raised its dividend for 54 consecutive years, P&G has certainly earned its place on the list of S&P 500 Dividend Aristocrats. P&G is also number 6 on Fortune Magazine's 2010 list of the World's Most Admired Companies.