Kimberly-Clark Announces Second Quarter 2020 Results
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Paper-Products Maker Kimberly-Clark (KMB) Tops Q2 EPS by 40c, Revenues Beat; Raises FY20 EPS Guidance
July 23, 2020 7:36 AM EDTKimberly-Clark (NYSE: KMB), the maker of Kleenex, Kotex, Cottonelle, and Huggies, reported Q2 EPS of $2.20, $0.40 better than the analyst estimate of $1.80. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.51 billion.
Executive Summary
Second quarter 2020 net sales of $4.6 billion increased slightly compared to the year-ago period, including organic sales growth of 4 percent.Diluted net income per share for the second quarter was $1.99 in 2020 and $1.40 in 2019.Second quarter adjusted earnings per share were $2.20 in 2020, up 32 percent compared to $1.67 in 2019. Adjusted earnings per share exclude certain items... More