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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
06/29/201622:00:00IMPORTANT NOTICE TO SHAREHOLDERS: Brower Piven Notifies Shareholders...
06/29/201618:08:20SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Securities...
06/29/201614:48:28SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
06/29/201612:25:00EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class...
06/28/201621:52:35Pomerantz Law Firm Announces the Filing of a Class Action against...
06/27/201609:30:00Amazon to Expand Dash Buttons, but do Shoppers Want Them?
06/17/201612:14:28Annual Report of Employee Stock Plans (11-k)
06/16/201617:16:12Statement of Changes in Beneficial Ownership (4)
06/16/201615:23:13Initial Statement of Beneficial Ownership (3)
06/16/201608:03:00Huggies Brand Continues Efforts to "Wipe Out" Diaper Need
06/15/201617:27:57Current Report Filing (8-k)
06/15/201617:19:00Kimberly-Clark Elects Christa Quarles to its Board of Directors
06/15/201611:15:00New C.H.E.S.S. Program from Kimberly-Clark Professional Helps...
06/14/201616:43:20Automatic Shelf Registration Statement of Securities of Well-known...
06/14/201610:00:00Kimberly-Clark Names Chief Marketing Officer
06/09/201613:15:00Kimberly-Clark Professional Expands RightCycle, the First Large-Scale...
06/03/201610:30:00Kimberly-Clark Wins Two Effies at 48th Annual Effie Awards Gala
06/01/201611:15:00Kimberly-Clark Professional Introduces Scott Essential: The First...
05/27/201609:46:47Specialized Disclosure Report (sd)
05/19/201610:02:00Kimberly-Clark to Webcast its Participation in the 2016 Bernstein...

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