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Kimberly-Clark (NYSE: KMB) 3Q19 Results: In-Line Sales, Beats on EPS, Raises Fiscal 2019 EPS Guidance

Executive Summary

  • Kimberly-Clark reported net sales of $4.64 billion for the third quarter of 2019, an increase of 1.3% compared to the same period last year and roughly in line with the consensus estimates of $4.65 billion. Organic sales were up 4% versus last year.
  • The personal care segment recorded the highest net sales of $2.3 billion, followed by the consumer tissue segment at $1.5 billion and the K-C Professional segment at $839 million. The personal care segment recorded the highest organic sales growth at 5%.
  • Kimberly-Clark raised its fiscal 2019 adjusted earnings per share guidance to $6.75-6.90, compared to the prior guidance of $6.65-6.80.

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