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Home > Fortune 500 Companies > Lauder (estee) Corporation
Lauder (estee) Corporation
Lauder Corporation is a publicly traded company having a good stock performances result. It is of the world’s leading manufacturers and marketers of quality skin care, makeup, hair care products and fragrance. Lauder Corporation is a Fortune 500 stock listed company trading under EL symbol.
Malcolm Bond has been Executive Vice President, Global Operations, for The Estée Lauder Companies Incorporation, since July 2004.The more than 9,000 quality products they market under their portfolio of brands are a crucial competitive asset, delivering consumer satisfaction and performance second to none. Innovation is the driving force that propels their growth. Each year, they add more than 300 new offerings. About one third of the Company’s sales come from skin care, makeup, fragrance and hair care products introduced within the past three years.
As of June 30, 2005, the Company’s authorized common stock consists of 650 million shares of Class A Common Stock, par value of .01dollars per share, and 240 million shares of Class B Common Stock, par value of .01 dollars per share. As a result of stock option exercises, the Company recorded tax bene?ts of 19.7 million, 19.3 million and 7.9 million dollars during 2005, 2004 and 2003, respectively, which are included in additional paid in capital in the supplementary consolidated ?nancial statements.
As of June 30, 2005, and 2004, the Company had a current liability and an equal and offsetting decrease in long term debt of 2.9 million and 12.5 million dollars, respectively, re?ecting the fair market value of an interest rate swap which was classified as a fair value hedge of the 6 percent Senior Notes. The Company had acquired 10.9 million dollars of machinery and equipment through capital lease arrangements, of which the related liability is included in short-term and long-term debt.
The Company’s products are sold in over 130 countries and territories. For fiscal year 2004, net sales were 5.79 billion dollars and net earning was 342.1 million dollars.
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