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Kimberly-Clark Announces Second Quarter 2021 Results
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Kimberly-Clark's Digital Transformation Of Shipping
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Executive Summary
First quarter 2021 net sales of $4.7 billion decreased 5 percent compared to the year-ago period, including an organic sales decline of 8 percent.
Diluted net income per share for the first quarter was $1.72 in 2021 and $1.92 in 2020.
First quarter adjusted earnings per share were $1.80 in 2021 compared to $2.13 in 2020. Adjusted earnings per share exclude certain items described later in this news release.
Diluted net income per share for 2021 is anticipated to be $6.65 to $7.15.
The company is now targeting full-year 2021 organic sales growth of 0 to 1 percent and adjusted earnings per share of $7.30 to $7.55. The prior outlook was for organic sales growth of 1 to 2 percent and adjusted earnings per share of $7.75 to $8.00. The updated earnings outlook reflects significantly higher input cost inflation and lower sales volumes, partially offset by higher net selling prices and additional cost savings.
Kimberly-Clark (KMB) Q1 Earnings Miss Estimates, Decline Y/Y
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Press release content from PR Newswire. The AP news staff was not involved in its creation.
Kimberly-Clark Announces Year-End 2020 Results And 2021 Outlook
January 25, 2021 GMT
DALLAS, Jan. 25, 2021 /PRNewswire/ Kimberly-Clark Corporation (NYSE: KMB) today reported year-end 2020 results and provided its 2021 outlook.
Executive Summary
Fourth quarter 2020 net sales of $4.8 billion increased 6 percent compared to the year-ago period, including organic sales growth of 5 percent. Full-year 2020 net sales of $19.1 billion increased 4 percent, with organic sales up 6 percent.
Diluted net income per share for the fourth quarter was $1.58 in 2020 and $1.59 in 2019. Full-year diluted net income per share was $6.87 in 2020 and $6.24 in 2019.
Fourth quarter adjusted earnings per share were $1.69 in 2020 compared to $1.71 in 2019. Adjusted earnings per share exclude certain items described later in this news release.