Kimberly-Clark reports sales of $4.6 billion in 3Q

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 Kimberly-Clark Corporation reported 3Q 2017 results. Sales of $4.6 billion in the 3Q 2017 were up 1% compared to the year-ago period. 3Q operating profit was $854 million in 2017 and $836 million in 2016.

For the first nine months of 2017, sales of $13.7 billion were essentially even with the year-ago period. Year-to-date operating profit was $2,487 million in 2017 versus $2,478 million in 2016. Full-year input cost inflation is expected to be slightly above the company's previous estimate of $200 to $300 million.

Through nine months, diluted net income per share was $4.66 in 2017, up 2%, compared to $4.58 in 2016. The comparison benefited from higher operating profit and declines in the effective tax rate and share count, while results were impacted by reduced net income from equity companies. Adjusted earnings per share were $4.59 in 2016.

Chairman and CEO Thomas J. Falk said, "We delivered bottom-line growth in the 3Q in a challenging environment. We also achieved $125 million of cost savings and reduced discretionary spending to help offset inflationary cost headwinds. In addition, we returned more than $500 million to shareholders through dividends and share repurchases."

 

Kimberly-Clark Corporation is an American multinational personal care corporation that produces mostly paper-based consumer products.