Kimberly-Clark: EPS just above expectations
(CercleFinance.com) - Kimberly-Clark has reported adjusted EPS that is up 7% at 1.
71 dollar for the last three months of 2019, just one cent above the consensus, for revenue that is flat at 4.6 billion dollars.
In organic terms, revenue rose by 3% thanks to increases in selling prices.
The hygiene product maker, which in particular owns the Huggies and Kleenex brands, thus achieved 2019 adjusted EPS that is up 4% at 6.89 dollars, with organic sales growth of 4%, at the top of its latest target ranges.
On these bases, the company's board has decided to increase its quarterly dividend by 3.9% and says that for 2020 it aims for adjusted EPS of between 7.10 dollars and 7.35 dollars, on growth organic sales growth of 2%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
71 dollar for the last three months of 2019, just one cent above the consensus, for revenue that is flat at 4.6 billion dollars.
In organic terms, revenue rose by 3% thanks to increases in selling prices.
The hygiene product maker, which in particular owns the Huggies and Kleenex brands, thus achieved 2019 adjusted EPS that is up 4% at 6.89 dollars, with organic sales growth of 4%, at the top of its latest target ranges.
On these bases, the company's board has decided to increase its quarterly dividend by 3.9% and says that for 2020 it aims for adjusted EPS of between 7.10 dollars and 7.35 dollars, on growth organic sales growth of 2%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.