Kimberly-Clark Announces First Quarter 2020 Results
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Kimberly-Clark (KMB) Tops Q1 EPS by 16c, Revenues Beat; Withdraws Previous FY20 Guidance
April 22, 2020 7:31 AM EDTKimberly-Clark (NYSE: KMB) reported Q1 EPS of $2.13, $0.16 better than the analyst estimate of $1.97. Revenue for the quarter rose 8% to $5 billion, versus the consensus estimate of $4.89 billion.
Executive Summary
First quarter 2020 net sales of $5.0 billion increased 8 percent compared to the year-ago period, including organic sales growth of 11 percent.Diluted net income per share for the first quarter was $1.92 in 2020 and $1.31 in 2019.First quarter adjusted earnings per share were $2.13 in 2020, up 28 percent compared to $1.66 in 2019. Adjusted earnings per share exclude certain items described later in this news release.First quarter cash... More