Kimberly-Clark: sales down but earnings up
(CercleFinance.com) - Kimberly-Clark Corporation today announced its results for Q3 2024, confirming its earnings outlook for 2024.
Net sales of $5bn were down 4%, with organic sales growth of 1% y-o-y.
Reported gross margin was 36%, adjusted gross margin 36.7%, an increase of 90 bp y-o-y, in part thanks to significant gross productivity gains.
Diluted EPS was $2.69; adjusted EPS was $1.83, up 5% y-o-y.
Our Q3 results reflect strong execution across the business as we transform our organization, management said. We are on track to deliver strong growth in operating profit, margin and EPS in 2024, while investing to maintain the momentum of our business in 2025.
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Net sales of $5bn were down 4%, with organic sales growth of 1% y-o-y.
Reported gross margin was 36%, adjusted gross margin 36.7%, an increase of 90 bp y-o-y, in part thanks to significant gross productivity gains.
Diluted EPS was $2.69; adjusted EPS was $1.83, up 5% y-o-y.
Our Q3 results reflect strong execution across the business as we transform our organization, management said. We are on track to deliver strong growth in operating profit, margin and EPS in 2024, while investing to maintain the momentum of our business in 2025.
Copyright (c) 2024 CercleFinance.com. All rights reserved.