Kimberly-Clark reports Q1, 2024 net income of $61 million

Kimberly-Clark Corporation
April 23, 2024
Category: Finance & Economics
Region: US East

DALLAS — Kimberly-Clark reported first quarter 2024 results characterized by positive volume and mix gains. …First quarter sales of $5.1 billion were 1% lower than the prior-year period, including negative impacts of approximately 5% from foreign currency translation and approximately 1% from the divestiture of the Tissue and K-C Professional business in Brazil in June 2023. Organic sales were up 6 percent, driven by a 4% increase in price, 1 percent favorable product mix and a 1% increase in volume. Price-led gains reflected necessary pricing actions to address higher local costs in hyperinflationary economies, mainly in Argentina. …”We delivered an encouraging set of first quarter results as we embark on this next chapter of growth for Kimberly-Clark,” said Kimberly-Clark Chairman and CEO Mike Hsu.

Read More