07.25.16
Kimberly-Clark Corporation reported second quarter 2016 results and confirmed its previous guidance for full-year 2016 adjusted earnings per share. Second quarter 2016 net sales fell 1% to $4.6 billion. However, organic sales rose 3%—including a 7% volume increase in North American consumer products and 5% organic growth in developing and emerging markets.
Chairman and Chief Executive Officer Thomas J. Falk said, "We delivered a good quarter of results in a challenging environment while we continue to execute our long-term Global Business Plan strategies. In the second quarter, we achieved a 4 percent increase in sales volumes, with benefits from targeted growth initiatives and product innovations. We also delivered $110 million of cost savings, which helped improve our profitability and increase our adjusted earnings per share. Cash flow was strong in the quarter and we continued to allocate capital in shareholder-friendly ways. Half way through the year, we are broadly on track with our plans and are confirming our bottom-line earnings guidance for 2016."
Chairman and Chief Executive Officer Thomas J. Falk said, "We delivered a good quarter of results in a challenging environment while we continue to execute our long-term Global Business Plan strategies. In the second quarter, we achieved a 4 percent increase in sales volumes, with benefits from targeted growth initiatives and product innovations. We also delivered $110 million of cost savings, which helped improve our profitability and increase our adjusted earnings per share. Cash flow was strong in the quarter and we continued to allocate capital in shareholder-friendly ways. Half way through the year, we are broadly on track with our plans and are confirming our bottom-line earnings guidance for 2016."