Kimberly-Clark (KMB) Tops Q1 EPS by 2c; Reaffirms Outlook

Kimberly-Clark (NYSE: KMB) reported Q1 EPS of $1.53, $0.02 better than the analyst estimate of $1.51. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.54 billion.

Chairman and Chief Executive Officer Thomas J. Falk said, "We continue to execute our Global Business Plan strategies for long-term success and we are confirming our previous top- and bottom-line outlook for 2016. In the first quarter, organic sales grew more than 2 percent and our adjusted operating profit margin improved by 90 basis points. We achieved $110 million of total cost savings from our FORCE program and 2014 Organization Restructuring and continued to allocate capital in shareholder-friendly ways."

Falk added, "For the full-year, we continue to expect our organic sales to grow 3 to 5 percent. Compared to the first quarter, we expect more benefits from targeted growth initiatives, product innovations and improved net realized revenue. On the bottom-line, we continue to expect adjusted earnings per share to be in a range of $5.95 to $6.15. In summary, we expect to deliver on our commitments again this year."

GUIDANCE:

Kimberly-Clark sees FY2016 EPS of $5.95-$6.15, versus the consensus of $6.15.

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

You May Also Be Interested In

• onsemi downgraded by TD Cowen after Synaptics deal clouds growth story
• Winnebago Industries (WGO) Misses Q3 EPS by 11c ; Offers Guidance
• H.B. Fuller (FUL) Tops Q2 EPS by 3c; Offers Outlook