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.