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Stock impact report

Kimberly-Clark Announces First Quarter 2020 Results

Kimberly-Clark Corporation (KMB) 
Last kimberly-clark corporation earnings: 4/22 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.kimberly-clark.com
Company Research Source: PR Newswire
DALLAS, April 22, 2020 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today reported first quarter 2020 results.Executive SummaryFirst quarter 2020 net sales of $5.0 billion increased 8 percent compared to the year-ago period, including organic sales growth of 11 percent. Diluted net income per share for the first quarter was $1.92 in 2020 and $1.31 in 2019. First quarter adjusted earnings per share were $2.13 in 2020, up 28 percent compared to $1.66 in 2019. Adjusted earnings per share exclude certain items described later in this news release. First quarter cash provided by operations was $704 million in 2020 and $317 million in 2019. The company is withdrawing its previous full-year 2020 financial outlook due to the uncertainty related to the COVID-19 pandemic.Chairman and Chief Executive Officer Mike Hsu said, "Since the outbreak of COVID-19, Kimberly-Clark has taken decisive actions to protect the health and safety of our people, customers and consumers, proactively manag Show less Read more
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