earnings
confidence high
sentiment negative
materiality 0.70
Kimberly-Clark Q3 adj. EPS $1.40 (-14% YoY); organic sales +5%; guidance maintained at lower end
KIMBERLY CLARK CORP
2022-Q3 EPS reported
$4.22
revenue$15,211,000,000
- Net sales $5.1B, +1% reported; organic sales +5% on 9% price, 1% mix, -5% volume; FX hurt 4%.
- Adj. EPS $1.40 vs $1.62 YoY; GAAP EPS $1.38; input cost headwind $360M partially offset by $80M FORCE savings.
- Personal Care sales -1% (volumes -7%), Consumer Tissue +2%, K-C Professional +5%; all segments raised prices.
- FY2022 outlook: organic sales growth 5-7% (unchanged); adj. EPS at lower end of $5.60-$6.00; capex trimmed to $0.9-1.0B.
- CEO cites sequential margin improvement; currency now seen as 3-4% sales drag (was 3%) and mid-to-high single-digit OP impact.