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Kimberly-Clark reports 2Q sales of $4.6 billion
Kimberly-Clark Corporation’s 2Q 2018 sales of $4.6 billion were up 1% compared to the year-ago period.
2Q operating profit was $674 million in 2018, including charges related to the 2018 Global Restructuring Program. 2Q adjusted operating profit was $774 million in 2018 compared to operating profit of $814 million in 2017. Results were impacted by $200 million of higher input costs, driven by $125 million in pulp and $45 million in other raw materials.
Kimberly-Clark's share of net income of equity companies in the 2Q was $30 million in 2018 and $26 million in 2017. At Kimberly-Clark de Mexico, results benefited from sales growth and cost savings, but were negatively impacted by higher input costs.
Chairman and CEO Thomas J. Falk said, "Our 2Q results reflect a challenging environment, particularly with commodity inflation. Nonetheless, we continue to manage our company with financial discipline, as we generated $150 million of cost savings, reduced discretionary spending and returned approximately $575 million to shareholders through dividends and share repurchases."
For the first six months of 2018, sales of $9.3 billion increased 3%.
Source: Lesprom Network