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Mar 31, 2024
Kimberly-Clark Q1 2024 Earnings Report
Kimberly-Clark's first quarter 2024 results reflected positive volume and mix gains, driven by innovative products and strong productivity initiatives.
Key Takeaways
Kimberly-Clark reported net sales of $5.1 billion, a 1% decrease, but organic sales grew by 6%. Diluted EPS increased by 14% to $1.91, and adjusted EPS rose by 20% to $2.01. The company has raised its 2024 outlook to reflect this solid start.
Net sales reached $5.1 billion, with a 6% increase in organic sales.
Gross margin improved to 37.1%, up 390 basis points year-over-year.
Diluted earnings per share (EPS) were $1.91, while adjusted EPS was $2.01, a 20% increase.
The company increased its 2024 outlook, anticipating mid-single-digit organic net sales growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Kimberly-Clark has updated its 2024 outlook based on its first quarter results. Organic Net Sales is now expected to grow mid-single digits. Adjusted Operating Profit is now expected to grow at a low-teens percentage rate on a constant-currency basis. Adjusted Earnings Per Share is now expected to grow at a low-teens percentage rate on a constant-currency basis.
Positive Outlook
- Organic Net Sales is now expected to grow mid-single digits.
- Adjusted Operating Profit is now expected to grow at a low-teens percentage rate on a constant-currency basis.
- Adjusted Earnings Per Share is now expected to grow at a low-teens percentage rate on a constant-currency basis.
Challenges Ahead
- Reported Net Sales to be negatively impacted by 400 basis points of currency translation.
- Reported Net Sales to be negatively impacted by 120 basis points from divestitures.
- Reported Operating Profit and Reported Earnings Per Share are currently expected to be negatively impacted by approximately 700 basis points from currency translation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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