Kimberly Clark Reports Higher Earnings; Improves Outlook (KMB)

Personal care product manufacturer, Kimberly Clark Corp (KMB) reported an increase in first quarter earnings on Friday, and has improved its full year outlook.

The Dallas, TX based company reported first quarter earnings of $531 million, or $1.36 per share, up 12% from $468 million, or $1.18 per share last year. Excluding special items, earnings were $578 million, or $1.48 per share, up from $492 million, or $1.24 per share last year. On average, analysts expected to see earnings of $1.34 per share.

Revenue increased by 2% to $5.31 billion, from $5.24 billion last year. Analysts expected to see revenue of $5.28 billion.

Organic sales increased by 3% during the quarter, while sales in the personal care segment rose 1%. The company’s consumer tissue segment saw a 4% increase in sales.

K-C Professional sales dropped -1% during the first quarter, while the health care segment saw a -2% decline.

Looking ahead, the company has raised its FY2013 outlook from an estimated earnings range of $5.50 to $5.65 per share to a range of $5.60 to $5.75 per share. Analysts expect the company to report full year earnings of $5.59 per share.

Kimberly Clark shares were up $3.66, or 3.61% during Friday morning trading. The stock has increased 40% in the past year.

The Bottom Line
Shares of Kimberly Clark Corp (KMB) have a 3.08% yield, based on Friday morning’s price of $105.14.

Kimberly Clark Corp (KMB) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here