DALLAS, July 23, 2019-- Kimberly-Clark Corporation(NYSE: KMB) today reported second quarter 2019 results and raised its outlook for full-year 2019 organic sales growth and earnings per share.
- Second quarter 2019 net sales of
$4.6 billionwere even with the year-ago period. Organic sales increased 5 percent while changes in foreign currency exchange rates reduced sales by 5 percent.
- Diluted net income per share for the second quarter was
$1.40in 2019 and $1.30in 2018.
- Second quarter adjusted earnings per share were
$1.67in 2019 and $1.59in 2018. Adjusted earnings per share exclude certain items described later in this news release.
- Diluted net income per share for full-year 2019 is expected to be
$5.50 to $5.90compared to the prior estimate of $4.85 to $5.35.
- The company is now targeting full-year 2019 organic sales growth of 3 percent and adjusted earnings per share of
$6.65 to $6.80. The prior outlook was for organic sales growth of 2 percent and adjusted earnings per share of $6.50 to $6.70.
Chief Executive Officer
Hsu added, "For the full year, we are raising our top- and bottom-line outlook, reflecting strong execution and an improving commodity environment. We're also increasing our growth investments behind our brands and in capabilities that will position us for longer-term success. We continue to be optimistic about our opportunities to deliver balanced and sustainable growth and create shareholder value through execution of K-C Strategy 2022."