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

Related Posts

Sonoco-Alcore to Increase Paperboard Prices in the EMEA Region

Sonoco-Alcore S.a.r.l. announces that due to the continued escalation in the cost of European energy it will raise prices by €70 per tonne on all recycled paperboard grades sold in the Company’s EMEA regions effective for shipments made on or after the 1st September 2022. “In light of the significant increases seen across the recent energy markets, the uncertainty facing the forthcoming winter period and the resultant impact on our supply costs we have no choice but to raise prices accordingly,” said Phil Woolley, Vice President – Paper Europe. “We will continue to monitor the situation closely and will take every action necessary to maintain supplies to our customers. We cannot however rule out further increases or surcharges being required at this stage.”

Smurfit Kappa invests over €30 million in Spain to further reduce CO2 emissions

Smurfit Kappa has demonstrated its commitment to delivering on its sustainability goals through the recent inauguration of two state-of-the-art investments in Spain. Over 12,000 solar panels were unveiled at the packaging leader’s Sangüesa paper mill which will work alongside its biomass and recovery boilers to generate more than 50% of its annual energy requirements, the equivalent to powering 3,600 homes. The photovoltaic system, which is the largest of its kind in the Navarra region, is set to reduce the mill’s annual CO2 emissions by over 3,000 tonnes and represents an investment of €6 million. Since 2005, the Sangüesa paper mill has reduced its CO2 emissions by more than 51%.

Diversified Labeling Solutions Expands RFID Label Offering

Diversified Labeling Solutions (DLS) has expanded its RFID label offerings to help its distributor customers meet demand. DLS’ RFID expansion includes: • In-house RFID label conversion capabilities • Ready-to-ship stock RFID labels • Service bureau RFID label encoding/printing services • Dedicated RFID Product Manager • RFID label training. Driving DLS’ RFID label expansion is the significant increase in demand, largely due to RFID label mandates from major retailers, including Walmart, Dick’s Sporting Goods, and Macy’s.
Back To Top
×Close search
Search