Kimberly-Clark (KMB) Tops Q2 EPS by 2c; Lowers Outlook

Kimberly-Clark (NYSE: KMB) reported Q2 EPS of $1.59, $0.02 better than the analyst estimate of $1.57. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.62 billion.

GUIDANCE:

Kimberly-Clark sees FY2018 EPS of $6.60-$6.80, versus prior of $6.90-$7.20 and the consensus of $6.79.

Chairman and Chief Executive Officer Thomas J. Falk said, "Our second quarter results reflect a challenging environment, particularly with commodity inflation. Nonetheless, we continue to manage our company with financial discipline, as we generated $150 million of cost savings, reduced discretionary spending and returned approximately $575 million to shareholders through dividends and share repurchases."

Falk added, "For the full year, we are maintaining our organic sales growth target and reducing our earnings outlook because of significantly higher commodity costs and the recent weakening of most foreign currencies. Given these headwinds, we will continue to aggressively manage costs and evaluate further opportunities to increase net selling prices. While the near-term environment has become more difficult, we continue to execute our long-term strategies to grow our brands and deliver cost savings while we implement our restructuring that will make Kimberly-Clark an even stronger company."

For earnings history and earnings-related data on Kimberly-Clark (KMB) click here.

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