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MarketScreener Homepage  >  Equities  >  Nyse  >  Kimberly-Clark Corporation    KMB

KIMBERLY-CLARK CORPORATION

(KMB)
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Kimberly Clark : Misses 3Q Adjusted Profit Expectations

10/22/2020 | 08:13am EST

By Micah Maidenberg

Kimberly-Clark Corp. reported a weaker third-quarter profit but said demand picked up as shoppers sought out its various consumer products to use during the Covid-19 pandemic.

The company behind Huggies diapers, Cottonelle toilet paper and other items reported net income of $472 million, or $1.38 a share, down from $671 million, or $1.94 a share, for the year-earlier period. An adjusted profit for the quarter of $1.72 a share missed expectations from analysts by 4 cents.

Kimberly-Clark said operating income fell in part because last year's third quarter included a one-time gain tied to the sale of a factory.

Some manufacturing costs, including expenses related to the coronavirus pandemic, rose. Costs for marketing, research and certain other efforts jumped 13% year-over-year.

Net sales for the third quarter totaled $4.68 billion, up from $4.64 billion. On a comparable basis, sales were up 3%. Analysts were looking for about $4.59 billion in sales, according to FactSet.

Chief Executive Mike Hsu said demand increased due to the pandemic.

The company said sales in its personal-care unit in North America rose 6% year-over-year, helped by volume gains among baby and child care items. Volumes in the consumer-tissue business rose 11% in the U.S. and Canada, matching the sales increase for those items.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

10-22-20 0812ET

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Financials (USD)
Sales 2020 18 963 M - -
Net income 2020 2 293 M - -
Net Debt 2020 8 187 M - -
P/E ratio 2020 20,6x
Yield 2020 3,11%
Capitalization 46 878 M 46 878 M -
EV / Sales 2020 2,90x
EV / Sales 2021 2,83x
Nbr of Employees 40 000
Free-Float 89,6%
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Technical analysis trends KIMBERLY-CLARK CORPORATION
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 154,47 $
Last Close Price 137,82 $
Spread / Highest target 35,7%
Spread / Average Target 12,1%
Spread / Lowest Target -10,0%
EPS Revisions
Managers
NameTitle
Michael D. Hsu Chairman & Chief Executive Officer
Maria G. Henry Chief Financial Officer & Senior Vice President
Robert William Decherd Independent Director
Mae Carol Jemison Independent Director
Abelardo E. Bru Independent Director
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