Kimberly-Clark (KMB) Tops Q1 EPS by 2c; Maintains Outlook
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Price: $126.85 +0.99%
EPS Growth %: -3.0%
Financial Fact:
Income Before Income Taxes and Equity Interests: 757M
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: -3.0%
Financial Fact:
Income Before Income Taxes and Equity Interests: 757M
Today's EPS Names:
MAXN, CSTR, ACU, More
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Kimberly-Clark (NYSE: KMB) reported Q1 EPS of $1.57, $0.02 better than the analyst estimate of $1.55. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.5 billion.
- First quarter 2017 net sales of $4.5 billion were even with the prior year. Changes in foreign currency exchange rates increased sales by 1 percent, while organic sales decreased 1 percent. Organic sales were down 3 percent in North American consumer products, reflecting category softness, competitive activity and less promotion shipments. Organic sales increased 4 percent in developing and emerging markets.
- Diluted net income per share for the first quarter was $1.57 in 2017 and $1.50 in 2016. The comparison benefited from cost savings and favorable currency effects, while results were impacted by lower net selling prices and input cost inflation. First quarter adjusted earnings per share were $1.53 in 2016, which excludes costs related to the 2014 Organization Restructuring (described later in this release).
- Full-year 2017 net sales are expected to increase 1 to 2 percent, with organic sales up 1 to 2 percent and currency exchange rates neutral overall. The company\'s previous estimate was for sales to be similar year-on-year, with organic sales up approximately 2 percent and currency exchange rates down 2 percent.
- The company continues to target full-year 2017 earnings per share of $6.20 to $6.35.
GUIDANCE:
Kimberly-Clark sees FY2017 EPS of $6.20-$6.35.
For earnings history and earnings-related data on Kimberly-Clark (KMB) click here.
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