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Dec 31, 2021
Kimberly-Clark Q4 2021 Earnings Report
Kimberly-Clark's fourth quarter results were announced, showing a 3% increase in net sales and organic sales growth also at 3%.
Key Takeaways
Kimberly-Clark reported a 3% increase in net sales to $5.0 billion for Q4 2021, with organic sales also up by 3%. Diluted net income per share was $1.06, and adjusted earnings per share were $1.30, a decrease of 23% compared to the previous year. The company's 2022 outlook includes an expected net sales increase of 1-2% and organic sales growth of 3-4%.
Fourth quarter net sales increased 3 percent compared to the year-ago period, including organic sales growth of 3 percent.
Diluted net income per share for the fourth quarter was $1.06 in 2021.
Fourth quarter adjusted earnings per share were $1.30 in 2021, down 23 percent compared to $1.69 in 2020.
Net sales in 2022 are expected to increase 1 to 2 percent, including organic sales growth of 3 to 4 percent.
Forward Guidance
Kimberly-Clark anticipates net sales to increase by 1-2% in 2022, with organic sales growth of 3-4%. Diluted net income per share for 2022 is expected to be $5.60 to $6.00.
Positive Outlook
- Net sales increase 1 to 2 percent.
- Organic sales increase 3 to 4 percent.
- Cost savings associated with FORCE program of $300 to $350 million.
- Dividend increase of 1.8 percent.
- Share repurchases of approximately $100 million.
Challenges Ahead
- Foreign currency exchange rates unfavorable approximately 2 percent.
- Operating profit down low to mid-single digits percent compared to adjusted operating profit in 2021.
- Key cost inputs expected to increase $750 to $900 million.
- Foreign currency translation effects expected to reduce operating profit by 1 to 2 percent and transaction effects are also anticipated to negatively impact the comparison.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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