Kimberly-Clark Corporation
Kimberly-Clark Reports Q3 2024 Results and Updates 2024 Outlook
Summary
Kimberly-Clark Corporation reported third-quarter 2024 results with net sales of $5.0 billion, showing a 4% decrease from the prior year, primarily due to foreign currency translation and divestitures. Despite this, organic sales grew by 1%, driven by strong execution and effective cost management. The company also updated its 2024 outlook, expecting organic net sales to grow between 3%-4%, and adjusted operating profit to grow at a mid-to-high teens percentage rate on a constant-currency basis. Adjusted earnings per share for the first nine months increased by 12% compared to the prior year.
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About Kimberly-Clark Corporation
Kimberly-Clark Corporation is a prominent multinational corporation specializing in the production of essential consumer goods, including personal care and healthcare products. Renowned for iconic brands such as Huggies, Kleenex, and Scott, Kimberly-Clark plays a crucial role in the daily lives of millions worldwide by providing high-quality tissue, paper products, and baby and adult care items. The company's product lineup is widely used across households, healthcare facilities, and businesses, ensuring hygiene and comfort. Kimberly-Clark operates in various sectors, including personal care, consumer tissue, and professional products, impacting industries from retail to healthcare. Its extensive distribution network spans the globe, allowing the company to maintain a strong market presence. Additionally, Kimberly-Clark is committed to sustainability, focusing on responsible supply chain management and environmentally friendly practices to minimize its ecological footprint. With a rich history dating back to its founding in 1872, Kimberly-Clark continues to innovate and expand its product offerings to meet evolving consumer needs. Its strategic initiatives focus on maintaining leadership in the industry while contributing positively to environmental and social outcomes.
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