Kimberly-Clark Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 23, 2019 at 12:30 pm
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Kimberly-Clark Corporation announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was USD 4,569 million compared to USD 4,603 million a year ago. Operating income was USD 639 million compared to USD 828 million a year ago. Net income was USD 411 million compared to USD 617 million a year ago. Basic earnings per share was USD 1.19 compared to USD 1.76 a year ago. Diluted earnings per share was USD 1.18 compared to USD 1.75 a year ago. For the full year, sales was USD 18,486 million compared to USD 18,348 million a year ago. Operating income was USD 2,229 million compared to USD 3,358 million a year ago. Net income was USD 1,410 million compared to USD 2,278 million a year ago. Basic earnings per share was USD 4.05 compared to USD 6.44 a year ago. Diluted earnings per share was USD 4.03 compared to USD 6.4 a year ago.
Kimberly-Clark Corporation specializes in the manufacturing and the marketing of hygiene products and personal care. Net sales break down by family products as follows:
- protection and personal care products (52.3%): disposable diapers, training pants, diapers, feminine protection products, etc. (Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Thinx, Poise, Plenitud, Softex and other brand names) ;
- household hygiene products (30.8%): tissues, toilet paper, paper towels, hand towels, paper napkins, wipes, etc. (Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex and other brand names);
- professional hygiene products (16.7%): hand towels, tissues, towels, apparel, disinfectants, industrial wipers, etc. (Kleenex, Scott, WypAll, Kimtech, KleenGuard and other brand names);
- others (0.2%).
At the end of 2023, the group had 82 production sites worldwide.
Noth America accounts for 54.5% of net sales.