Kimberly-Clark (KMB) Misses Q3 EPS by 6c, Offers Guidance

Kimberly-Clark (NYSE: KMB) reported Q3 EPS of $1.40, $0.06 worse than the analyst estimate of $1.46. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $5.02 billion.

GUIDANCE:

Kimberly-Clark sees FY2022 EPS at low end of $5.60-$6.00, versus the consensus of $5.59.

• Net sales increase 2 to 4 percent with organic sales growth of 5 to 7 percent (no change).
• Foreign currency exchange rates unfavorable 3 to 4 percent on net sales (previous estimate 3 percent) with mid-to high-single digit impact on operating profit (previously mid-single digit).
• Adjusted effective tax rate 22 to 23 percent (previous estimate 22 to 24 percent).
• Adjusted earnings per share outlook remains at the lower end of $5.60 to $6.00 range (no change).
• Capital spending $0.9 to $1.0 billion (previous range $1.0 to $1.1 billion).

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

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