UBS Remains Sidelined on Kimberly-Clark (KMB) as Tax Rates Drive 1Q EPS Beat
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Kimberly-Clark Announces First Quarter 2016 Results
April 22, 2016 7:30 AM EDTDALLAS, April 22, 2016 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today reported first quarter 2016 results and confirmed its previous guidance for full-year 2016 adjusted earnings per share.
Executive Summary
First quarter 2016 net sales of $4.5 billion decreased 5 percent compared to the year-ago period, as changes in foreign currency exchange rates reduced sales 7 percent. Organic sales rose 2 percent, including a 5 percent increase in developing and emerging markets. Diluted net income per share for the first quarter was $1.50 in 2016 and $1.27 in 2015. First quarter adjusted earnings per share were $1.53 in 2016 and... More