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Dec 31, 2019
Kimberly-Clark Q4 2019 Earnings Report
Kimberly-Clark's Q4 2019 results were released, showing sales aligned with the previous year and a 3% organic sales increase.
Key Takeaways
Kimberly-Clark reported fourth-quarter net sales of $4.6 billion, consistent with the previous year, with a 3% increase in organic sales. Diluted net income per share was $1.59, and adjusted earnings per share were $1.71, a 7% increase. The company anticipates a 1% net sales increase in 2020, including 2% organic sales growth.
Q4 2019 net sales were $4.6 billion, matching the previous year, with organic sales up by 3%.
Diluted net income per share for Q4 2019 was $1.59, compared to $1.18 in 2018.
Adjusted earnings per share for Q4 2019 increased by 7% to $1.71.
The board approved a 3.9% increase in the quarterly dividend.
Forward Guidance
The company expects net sales to increase 1 percent year-on-year, including organic sales growth of 2 percent. Diluted net income per share for 2020 is anticipated to be $5.95 to $6.65. Adjusted earnings per share in 2020 are expected to be $7.10 to $7.35.
Positive Outlook
- Net sales increase of 1 percent.
- Organic sales increase of 2 percent.
- Adjusted operating profit growth of 3 to 5 percent.
- Cost savings of $425 to $500 million.
- Net income from equity companies higher year-on-year.
Challenges Ahead
- Foreign currency exchange rates unfavorable by 1 percent.
- Exited businesses expected to reduce sales slightly.
- Increased advertising spending.
- Unfavorable foreign currency translation and transaction effects.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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