Kimberly-Clark Announces Third Quarter 2024 Results

“Our third quarter results reflect strong execution across the business as we transform our organization,” said Kimberly-Clark Chairman and CEO, Mike Hsu. “I’m very proud of our teams’ ability to deliver organic top-and-bottom-line growth, driven by market share gains and improved productivity, even against the backdrop of a dynamic consumer environment.”

Hsu continued, “With our Powering Care strategy in full swing, we are accelerating our innovation pipeline and reducing costs to deliver higher-quality consumer solutions for every price point, and simplifying our operational structure so that we can be faster and more responsive in our markets. We are on track to deliver strong operating profit, margin, and EPS growth in 2024 while investing to maintain our business momentum into 2025.”

Quarter Highlights:
*Net sales of $5.0 billion were down 4 percent, with organic sales growth of 1 percent versus the prior year.
*Reported gross margin was 36.0 percent, adjusted gross margin was 36.7 percent, up 90 basis points versus the prior year, driven by strong gross productivity gains.
more at: https://www.news.kimberly-clark.com/2024-10-22-Kimberly-Clark-Announces-Third-Quarter-2024-Results-and-Reaffirms-2024-Profit-Outlook

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