Healthcare products maker Kimberly-Clark Corp. (KMB) posted an increase in first-quarter profit attributable to company to $531 million, or $1.36 a share, from $468 million, or $1.18 a share reported a year back.
Quarterly adjusted earnings per share were $1.48, higher than last year's $1.24, driven by organic sales growth, cost savings and higher other income, partially offset by input cost inflation, increased marketing, research and general spending and a higher effective tax rate. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $1.34 for the quarter. Analysts' estimates typically exclude one-time items.
In the recent quarter, net sales reached $5.32 billion, up 1.5 percent from the prior-year figure of $5.24 billion, thereby beating consensus estimates of $5.28 billion. Organic sales rose 3 percent, including increases of 6 percent in North American consumer tissue and 5 percent in K-C International. The company said the organic sales exclude the impact of changes in foreign currency rates and lost sales as a result of European strategic changes and pulp and tissue restructuring actions.
For 2013, adjusted earnings per share are now projected to be $5.60 - $5.75, versus its earlier range of $5.50 - $5.65, while 19 analysts expect annual earnings of $5.59 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.