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Sep 30, 2024
Kimberly-Clark Q3 2024 Earnings Report
Kimberly-Clark's Q3 2024 results reflected strong execution, driven by market share gains and improved productivity.
Key Takeaways
Kimberly-Clark reported Q3 2024 net sales of $5.0 billion, a 4% decrease compared to the prior year, but organic sales grew by 1%. Adjusted EPS increased by 5% to $1.83. The company reaffirmed its 2024 profit outlook, expecting organic net sales to grow between 3-4%.
Net sales were $5.0 billion, down 4%, with organic sales up 1%.
Adjusted gross margin increased by 90 basis points to 36.7%, driven by productivity gains.
Diluted earnings per share were $2.69, while adjusted earnings per share increased 5% to $1.83.
The company updated its 2024 outlook, expecting organic net sales to grow between 3-4%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Kimberly-Clark updated its 2024 outlook, expecting organic net sales to grow between 3-4% and adjusted operating profit and adjusted earnings per share to grow at a mid-to-high teens percentage rate on a constant-currency basis.
Positive Outlook
- Organic Net Sales are expected to grow between 3%-4%.
- Adjusted Operating Profit is expected to grow at a mid-to-high teens percentage rate on a constant-currency basis.
- Adjusted Earnings Per Share are expected to grow at a mid-to-high teens percentage rate on a constant-currency basis.
- The company returned $2.0 billion to shareholders through dividends and repurchases of common stock.
- Total debt was $7.5 billion as of September 30, 2024, down from $8.0 billion as of December 31, 2023.
Challenges Ahead
- Reported Net Sales are still expected to be negatively impacted by 400 basis points of currency translation.
- Reported Net Sales are still expected to be negatively impacted by 120 basis points from divestitures.
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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