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KIMBERLY CLARK (KMB) 1Q16 Results: Beats on EPS Despite Currency Headwind; 2016 on Track

Executive Summary

  • Kimberly Clark reported 1Q16 revenues of $4.5 billion, down 4.6% year over year and slightly missing the consensus estimate. Adjusted EPS was $1.53, beating the consensus estimate by two cents and representing a 7.7% increase.
  • Organic revenue growth was 2%, however exchange rates hurt revenues by 7%.
  • For 2016, negative currency translation effects are expected to push revenues towards the lower end of up 5%–6% range. EPS is expected to be within the range of $5.95–$6.15, representing 3% to 7% growth.



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