Kimberly-Clark Corporation sales of $4.5 billion in the 1Q 2016 were down 5% compared to the year-ago period.
1Q operating profit was $804 million in 2016 and $748 million in 2015. Adjusted operating profit was $818 million in the 1Q 2016 compared to $815 million in the year-ago period.
Chairman and CEO Thomas J. Falk said, "We continue to execute our Global Business Plan strategies for long-term success and we are confirming our previous top- and bottom-line outlook for 2016. In the 1Q, organic sales grew more than 2% and our adjusted operating profit margin improved by 90 basis points. We achieved $110 million of total cost savings from our FORCE program and 2014 Organization Restructuring and continued to allocate capital in shareholder-friendly ways."
Kimberly-Clark Corporation is an American personal care corporation that produces mostly paper-based consumer products.
