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Dec 31, 2023
Kimberly-Clark Q4 2023 Earnings Report
Kimberly-Clark's Q4 2023 results reflected strong organic growth and cost and earnings recovery, exceeding initial expectations.
Key Takeaways
Kimberly-Clark's Q4 2023 net sales were $5.0 billion, in line with the prior year, with organic sales up 3 percent. Diluted EPS was $1.50, and adjusted EPS was $1.51, down 2 percent versus the prior year. The company's full-year net sales reached $20.4 billion, a 1 percent increase, with organic sales up 5 percent.
Net sales of $5.0 billion, in line with prior year, with organic sales growth of 3 percent.
Gross margin was 34.9 percent, up 210 basis points versus the prior year.
Diluted earnings per share were $1.50; adjusted earnings per share were $1.51, down 2 percent versus prior year.
Organic sales increased 3 percent in North America and 5 percent in developing and emerging markets.
Kimberly-Clark
Kimberly-Clark
Forward Guidance
The company currently expects to deliver a low-to-mid single digit percentage increase in 2024 Organic Net Sales versus the prior year period.