Kimberly-Clark Announces Year-End 2022 Results

Kimberly-Clark Corporation (NYSE: KMB) today reported year-end 2022 results and provided its 2023 outlook.

Executive Summary
*Fourth quarter 2022 net sales of $5.0 billion, even with the year-ago period, including organic sales growth of 5 percent.
*Full-year 2022 net sales of $20.2 billion increased 4 percent, with organic sales up 7 percent.
*Diluted net income per share for the fourth quarter was $1.50 in 2022 and $1.06 in 2021. Full-year diluted net income per share was $5.72 in 2022 and $5.35 in 2021.
*Fourth quarter adjusted earnings per share were $1.54 in 2022, up 18 percent compared to $1.30 in 2021. Adjusted earnings per share exclude certain items described later in this news release.
*Full-year adjusted earnings per share were $5.63 in 2022, down 9 percent compared to $6.18 in 2021.
*Net sales in 2023 are expected to increase 0 to 2 percent, including organic sales growth of 2 to 4 percent. Diluted earnings per share is expected to increase 2 to 6 percent, driven by an operating profit increase in the mid-to-high single digits, both versus adjusted results in 2022.
*The company’s Board of Directors has approved a 1.7 percent increase in the quarterly dividend, the 51st consecutive annual increase.

“Kimberly-Clark delivered 7 percent organic growth in 2022 and an average of 4 percent organic growth on a three-year basis,” said Chairman and CEO Mike Hsu. “Our growth strategy is working with the support of excellent execution by our teams around the world and investments in our strong brands and commercial capabilities.”

Hsu continued, “I’m especially proud of how our teams navigated in what continues to be a dynamic operating environment. We mitigated inflationary pressures with successful revenue growth management initiatives and maintained cost discipline while continuing to invest in our business.”

“In 2022, we also marked Kimberly-Clark’s 150th anniversary – a significant milestone for the company. We’re proud of our heritage of category defining innovation rooted in providing care for our consumers. As we look to the future, we will continue to drive our strategy to deliver profitable growth for long-term value creation as we fulfill our purpose of Better Care for a Better World.”
details at: https://investor.kimberly-clark.com/node/35471/pdf

Related Posts

TC Transcontinental Packaging, Western Expansion Increases Capacity and Establishes a Coast-to-Coast Offering

TC Transcontinental Packaging is thrilled to announce the significant expansion of our Transcontinental Ontario, California facility, fully commercial and ready for operation as of September 2021. The expansion of the Transcontinental Ontario facility notably enhances our Shrink & Extrusion Group capabilities and capacity, providing a coast-to-coast, cost-effective, and efficient solution for our customers and the market. The $14 million (USD) investment includes the addition of advanced technology: a 3-layer extrusion line along with a state-of-the-art flexographic 10-color, wide web press. This investment enables us to meet the market’s surging demand for improved delivery times, enhanced inventory management, and reduced transit time to market, especially for those customers west of the Mississippi.

Greif Reports Fourth Quarter and Fiscal 2023 Results

Fourth Quarter Results Include (all results compared to the fourth quarter 2022 unless otherwise noted): *Net income of $67.8 million or $1.16 per diluted Class A share compared to net income of $99.5 million or $1.67 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $90.9 million or $1.56 per diluted Class A share compared to net income, excluding the impact of adjustments, of $109.0 million or $1.83 per diluted Class A share. *Net cash provided by operating activities decreased by $83.1 million to $203.5 million. Adjusted free cash flow(3) decreased by $98.3 million to $136.2 million. Fiscal Year Results Include (all results compared to the fiscal year 2022 unless otherwise noted): *Net income of $359.2 million or $6.15 per diluted Class A share compared to net income of $376.7 million or $6.30 per diluted Class A share. Net income, excluding the impact of adjustments, of $358.7 million or $6.14 per diluted Class A share compared to net income, excluding the impact of adjustments, of $471.2 million or $7.87 per diluted Class A share. *Net cash provided by operating activities decreased by $8.0 million to $649.5 million. Adjusted free cash flow decreased by $25.1 million to $481.2 million.

Oliver Completes Fourth Packaging Acquisition

Oliver Inc. announces it has acquired Professional Image and aspecialtybox.com (collectively, “Professional Image”). Professional Image is a leading manufacturer of custom folding carton packaging and e-commerce provider of innovative stock packaging and accessories serving customers in food and beverage, beauty products, confection, health and wellness, and consumer goods markets. Based in Tulsa, Oklahoma, Professional Image will continue delivering design-forward packaging solutions from its current location. “The addition of Professional Image accelerates Oliver’s position as one of the nation’s largest independent specialty packaging providers,” said Dan Rodenbush, President/CEO of Oliver. “We are proud to welcome the Professional Image and aspecialtybox.com team to the Oliver family. Together, we will better serve our customers with additional geographic reach, capacity, and high-end, design-forward product offerings.”
Back To Top
×Close search
Search