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.