Kimberly-Clark Announces Second Quarter 2024 Results

“I am very proud of how our teams around the world have advanced our new operating model and delivered high-quality, top and bottom-line results in the first half of this year. We have made strong progress while navigating dynamic consumer and retail environments,” said Kimberly-Clark Chairman and CEO Mike Hsu.

“We have a strong foundation that we can leverage to accelerate investments across the enterprise. Our focus is to deliver high-quality consumer solutions at every price point, increase our operational scale, and enhance our long-term potential. We’re excited about our opportunities to capitalize on our momentum to deliver our enduring goal of enhancing value for all our stakeholders.”

Quarter Highlights
*Net sales of $5.0 billion were down 2 percent, with organic sales growth of 4 percent versus the prior year.
*Reported gross margin was 36.0 percent, adjusted gross margin was 36.9 percent, up 290 basis points versus the prior year, driven by organic net sales growth and gross productivity gains.
*Diluted earnings per share were $1.61; adjusted earnings per share were $1.96, up 19 percent versus prior year including a $0.12 year-on-year headwind from currency translation.
details at: https://www.news.kimberly-clark.com/2024-07-23-Kimberly-Clark-Announces-Second-Quarter-2024-Results-and-Raises-2024-Outlook

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