Kimberly-Clark 3Q 2019 Net Sales up 1 Percent from Year ago to $4.6 Billion

Kimberly-Clark Corporation has reported third quarter 2019 results and raised its outlook for full-year 2019 organic sales growth and earnings per share.

Third quarter 2019 net sales of $4.6 billion increased 1 percent compared to the year-ago period. Organic sales increased 4 percent.
The company is now targeting full-year 2019 organic sales growth of 3 to 4 percent and adjusted earnings per share of $6.75 to $6.90.

CEO Mike Hsu said, "We delivered excellent third quarter results and we are raising our full-year outlook. We achieved strong improvements in organic sales, profit margins and earnings per share in the quarter. In addition, we continued to launch innovations, pursue our growth priorities and increase investments in our brands. We also generated $95 million of cost savings and returned approximately $570 million to shareholders through dividends and share repurchases. I'm encouraged by the progress we're making this year while we invest more for longer-term success. We continue to be optimistic about our opportunities to deliver balanced and sustainable growth through execution of K-C Strategy 2022."

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