Kimberly-Clark Q3 net sales $5.1B, organic sales +5%; raises FY2023 outlook

KIMBERLY CLARK CORP

2023-Q3 EPS reported $3.70 revenue$15,461,000,000

Q3 net sales $5.1B (+2% total, +5% organic), driven by 5% price and 1% favorable mix; volume -1%.
Gross margin 35.8% (+530 bps YoY), restored to pre-pandemic level; adjusted EPS $1.74 (+24% YoY).
Personal Care organic sales +7%, Consumer Tissue +2%, K-C Professional +4%; all segments improved margins.
2023 outlook raised: organic growth 4%-5% (prev 3%-5%), adjusted EPS growth 15%-17% (prev 10%-14%).
Year-to-date cash from ops $2.3B vs $1.7B; $1.3B returned to shareholders via dividends and buybacks.

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 0.95

KIMBERLY CLARK CORP updated its third quarter 2023 guidance (raised).

Period: third quarter 2023
Guidance: raised
Result: reported results

Exact text from the filing

Attached and incorporated herein by reference as Exhibit 99.1 is a copy of the press release of Kimberly-Clark Corporation (the "Corporation"), dated October 24, 2023 reporting the Corporation’s results of operations for the period ended September 30, 2023.

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Source: SEC EDGAR

accession 0000055785-23-000061

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