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Personal Care Sales Slip, Corporate Sales Rise In Kimberly-Clark’s Q2

Published August 2, 2013
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Kimberly-Clark Corporation reported second quarter 2013 results, updated a portion of its full-year planning assumptions and reconfirmed its previous guidance for full-year 2013 adjusted earnings per share. 

Second quarter 2013 net sales rose 3% to $5.3 billion. Operating profit was up 6% to $796 million.

In the personal care segment, sales decreased 1% to $2.4 billion. However, operating profit increased 6% to $432 million.

Chairman and chief executive officer Thomas J. Falk said, “We delivered another solid quarter of results while we continued to execute our global business plan strategies.  We achieved 3% organic sales growth, as excellent results in K-C International more than offset mixed volume performance in the developed markets.  We generated $80 million of cost savings, improved adjusted operating profit margin by 80 basis points and delivered an 8% increase in adjusted earnings per share. We also launched a number of product innovations and continued to allocate capital in shareholder-friendly ways. At the half way point of the year, I am encouraged by our progress overall.” 

Falk added, “In terms of the full year, we continue to target organic sales growth of 3-5%, led by Kimberly-Clark International.”

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