Kimberly-Clark Q2 organic sales +5%, adj. EPS $1.65 (+23%); raises annual outlook

KIMBERLY CLARK CORP

2023-Q2 EPS reported $1.97 revenue$10,329,000,000

Q2 net sales $5.1B (+1%), organic sales +5% driven by +9% price/mix offset by -3% volume.
Diluted EPS $0.30 includes $1.36/share impairment charge; adjusted EPS $1.65 vs $1.34 prior year.
Gross margin 33.7% (+350 bps); adjusted gross margin 34.0% (+380 bps) on net revenue gains and productivity.
Full-year 2023 outlook raised: organic sales growth 3%-5%, adjusted EPS growth 10%-14% (prior 6%-10%).
Completed sale of Brazil tissue assets in June; year-to-date cash from operations $1.4B vs $944M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KIMBERLY CLARK CORP reported second quarter 2023 results: revenue $5.1 billion, EPS $0.30. Guidance raised.

Period: second quarter 2023
Revenue: $5.1 billion
EPS: $0.30
Guidance: raised
Result: reported results

Exact text from the filing

Kimberly-Clark Announces Second Quarter 2023 Results Net sales up 1 percent, organic sales grew 5 percent Revenue Growth Management program and productivity drove continued margin recovery Company raises 2023 outlook DALLAS, July 25, 2023 - Kimberly-Clark Corporation (NYSE: KMB) today reported second quarter 2023 results. Comparisons are made versus the prior year period, unless otherwise noted. “We delivered another quarter of strong organic sales growth and gross margin expansion." said Chairman and CEO Mike Hsu. “Our growth strategy is working, and given the strength of our first-half results, we’re raising our full-year outlook." Hsu added, "Continued improvement in gross margin positions us well to invest in superior brand value propositions, including innovation and digital leadership, which will help grow our market shares over time and deliver balanced and sustainable growth for long-term shareholder value." Quarter Highlights • Delivered net sales of $5.1 billion, up 1 percent

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Source: SEC EDGAR

accession 0000055785-23-000053

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