10.24.16
Kimberly-Clark Corporation reported third quarter 2016 results and updated its full-year 2016 outlook.
Chairman and Chief Executive Officer Thomas J. Falk said, "We experienced a more challenging economic and competitive environment in the third quarter. Nonetheless, our market share positions are broadly healthy. We achieved strong cost savings, improved margins and increased cash flow in the quarter. We also allocated capital in shareholder-friendly ways. Our focus remains on continuing to compete effectively in the near-term as we execute our Global Business Plan strategies for long-term success."
Third quarter 2016 net sales fell 3% to $4.6 billion. Full-year 2016 organic sales growth is expected to be 2% compared to the company's prior expectation for growth at the low end of the 3 to 5% range.