DALLAS ,Oct. 22, 2020 --Kimberly-Clark Corporation (NYSE: KMB) today reported third quarter 2020 results.
Executive Summary
- Third quarter 2020 net sales of
$4.7 billion increased 1 percent compared to the year-ago period, including organic sales growth of 3 percent. - Diluted net income per share for the third quarter was
$1.38 in 2020 and$1.94 in 2019. - Third quarter adjusted earnings per share were
$1.72 in 2020 compared to$1.84 in 2019. Adjusted earnings per share exclude certain items described later in this news release. - Diluted net income per share for 2020 is expected to be
$6.41 to$6.72 . - The company is now targeting full-year 2020 organic net sales growth of 5 percent and adjusted earnings per share of
$7.50 to$7.65 . The prior outlook was for organic sales growth of 4 to 5 percent and adjusted earnings per share of$7.40 to$7.60 .
Chairman and Chief Executive Officer
Hsu continued, "We delivered solid organic sales growth in the third quarter, with good underlying performance and increased demand because of COVID-19. We also achieved
Source: Kimberly-Clark