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Dec 31, 2020
Kimberly-Clark Q4 2020 Earnings Report
Reported year-end results and provided 2021 outlook.
Key Takeaways
Kimberly-Clark's Q4 2020 net sales increased by 6% to $4.8 billion, including a 5% organic sales growth. Diluted net income per share was $1.58, and adjusted earnings per share were $1.69. The company expects net sales to increase 4 to 6 percent in 2021.
Fourth quarter net sales increased 6 percent, including 5 percent organic sales growth.
Diluted net income per share for the fourth quarter was $1.58.
Fourth quarter adjusted earnings per share were $1.69.
The Board of Directors has approved a 6.5 percent increase in the quarterly dividend and authorized a new $5 billion share repurchase program.
Forward Guidance
The company’s 2021 outlook assumes no significant impact from potential supply chain disruptions as a result of COVID-19.
Positive Outlook
- Net sales increase 4 to 6 percent.
- Organic sales increase 1 to 2 percent.
- Foreign currency exchange rates favorable between 1 and 2 percent.
- Softex Indonesia acquisition expected to increase sales by 2 percent while exited businesses in conjunction with the 2018 Global Restructuring Program anticipated to reduce sales slightly.
- Adjusted earnings per share of $7.75 to $8.00 compared to $7.74 in 2020.
Challenges Ahead
- Key cost inputs expected to increase $450 to $600 million. Costs are projected to increase for most raw materials and distribution expenses.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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