Paper-Products Maker Kimberly-Clark (KMB) Tops Q2 EPS by 40c, Revenues Beat; Raises FY20 EPS Guidance

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Go back to Paper-Products Maker Kimberly-Clark (KMB) Tops Q2 EPS by 40c, Revenues Beat; Raises FY20 EPS Guidance

Kimberly-Clark Announces Second Quarter 2020 Results

July 23, 2020 7:30 AM EDT

DALLAS, July 23, 2020 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today reported second quarter 2020 results.

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 described later in this news release. Second quarter cash provided by operations was $1,579 million in 2020 and $609... More