ATLANTA (AP) — The Coca-Cola Co.'s nearly two-year restructuring to put legal problems in the past, improve employee morale and stabilize the world's largest beverage maker around a common vision is complete, chief executive Neville Isdell told shareholders Wednesday as the company reported a 10 percent increase in first-quarter profit on flat revenue.

"We're well on our way to becoming the company you expect us to be," Isdell said during the company's annual meeting at a hotel in Wilmington, Del.

While he was speaking, about 50 demonstrators, including college students, Teamsters and activists, protested outside.

Activist critics have accused the Atlanta-based company of labor abuses in Colombia and environmental abuses in India, despite the company's aggressive public relations campaign to counter the claims.

Isdell said he welcomed the discussion, but urged those who disagree with the company's practices to be civil.

"Not everyone in this room is going to agree with everyone's views," Isdell said.

But he said almost everyone wants the same thing.

"We want our economies to grow. We want living standards to increase. We want The Coca-Cola Co. to be the best employer everywhere in the world that it operates," he said.

He added, "We want healthy, active consumers. We want to protect our planet and preserve our resources. In the end, we truly want The Coca-Cola Co. to be regarded as a great business and recognized as a great corporate citizen."

The company's earnings narrowly beat Wall Street expectations.

Coke said it earned $1.11 billion, or 47 cents a share, for the three months ending March 31, compared to a profit of $1 billion, or 42 cents a share, for the same period a year ago.

Excluding one-time items, Coke said it earned $1.16 billion, or 49 cents a share, in the three-month period. That was ahead of the 48 cents a share analysts surveyed by Thomson Financial were expecting it to earn in the quarter.

Revenue in the January-March period was $5.23 billion versus $5.21 billion a year ago.