Kimberly-Clark Announces Third Quarter 2022 Results

Kimberly-Clark Corporation (NYSE: KMB) today reported third quarter 2022 results.

Executive Summary
*Third quarter 2022 net sales of $5.1 billion increased 1 percent compared to the year-ago period, including organic sales growth of 5 percent.
*Diluted net income per share for the third quarter was $1.38 in 2022 and $1.39 in 2021.
*Third quarter adjusted earnings per share were $1.40 in 2022, down 14 percent compared to $1.62 in 2021. Adjusted earnings per share exclude certain items described later in this news release.
*Diluted net income per share for 2022 is expected to be $5.67 to $6.10.
*The company continues to target full-year 2022 organic sales growth of 5 to 7 percent and expects adjusted earnings per share at the lower end of $5.60 to $6.00 range

“Our third quarter results reflect strong execution by our teams around the world in the face of a challenging macro environment,” said Chairman and CEO Mike Hsu. “We delivered organic sales growth across all our segments and continued to provide our consumers with value-inspired innovation.”

Hsu continued, “We continue to execute our plan to restore margins over time and are seeing progress with sequential margin improvement this quarter. As we navigate persistent input cost inflation, we’re focused on driving our growth strategy, serving consumers, customers and communities while living our purpose of Better Care for a Better World.”
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