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Kimberly-Clark 1Q Net Rises 34% On Lower Costs, Strong Sales

DOW JONES NEWSWIRES Kimberly-Clark Corp.'s (KMB) first-quarter earnings rose 34% as the consumer-products company's cost-cutting measures and stronger-than-expected sales growth helped to improve margins. Kimberly-Clark--whose products include Huggies diapers, Scott paper towels and Kleenex tissues--continues to battle tepid demand for its products, particularly in developed markets where a slow economic recovery contributes to a more cost-cautious-consumer environment. The company has forecast some relief from the high commodity prices seen last year, but it is finding it hard for some price increases to stick, especially in its diaper business, which is being pressured by a low birth rate. The company previously said it would increase its strategic marketing and last month it expanded Chief Marketing Officer Tony Palmer's role by naming him the new president of global brands and innovation. Kimberly-Clark reported a profit of $468 million, or $1.18 a share, up from $350 million, or 86 cents, a year earlier. Excluding items such as restructuring costs, earnings rose to $1.24 from $1.09. Sales jumped 4.2% to $5.24 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of $1.17 on revenue of $5.05 billion. Gross margin rose to 32.5% from 29.1% as input costs eased 0.8%. Sales at the personal-care segment, the largest by revenue, rose 8.2% and consumer-tissue segment sales were down 0.9%. The smaller K-C Professional and health-care businesses saw sales increase 3.8% and 4.4%, respectively. The company also backed its full-year earnings guidance. Shares closed Thursday at $75.27 and were inactive premarket. The stock has gained roughly 2% over the past three months. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Kimberly Clark (KMB)
DateTimeHeadline
09/20/201609:30:00The U by Kotex Brand Continues To Improve The Feminine Care Experience...
09/18/201621:30:00Koch Tries Its Hand at Carpet Cleaners
09/15/201617:00:00Kimberly-Clark Chief Human Resources Officer Liz Gottung Announces...
08/29/201606:29:00Kimberly-Clark Scores Hit Video Series With 'Carmilla'
08/26/201622:07:00HALYARD 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain;...
08/26/201609:48:00UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Shareholders...
08/25/201609:00:00Kessler Topaz Meltzer & Check, LLP Announces Final Deadline Reminder...
08/24/201614:03:23Statement of Changes in Beneficial Ownership (4)
08/24/201610:02:00Kimberly-Clark to Webcast Presentation and Q&A at Barclays Global...
08/23/201615:00:29Statement of Changes in Beneficial Ownership (4)
08/19/201618:00:00Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Halyard...
08/12/201610:13:00INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of...
08/12/201607:00:00DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders Of...
08/08/201613:05:00Statement of Changes in Beneficial Ownership (4)
08/08/201613:03:33Statement of Changes in Beneficial Ownership (4)
08/08/201612:49:00HYH, KMB SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds...
08/03/201614:25:00INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors...
08/02/201621:10:00P&G Says It Sees Hopeful Signs In Very Challenging China Market
08/02/201615:51:19Statement of Changes in Beneficial Ownership (4)
08/02/201613:49:00EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class...

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