KMB Stock Recent News

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Global personal care products giant Kimberly-Clark Co. NYSE: KMB stock formed a resilient and rapid rebound after initially falling on its Q2 2024 earnings results. The company's portfolio of brands are household names in 175 countries, as nearly 25% of the world's consumer population uses its product daily.

Although the revenue and EPS for Kimberly-Clark (KMB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Kimberly-Clark's (KMB) second-quarter 2024 results reflect higher earnings on increased operating profit. Taking into account solid first-half results, management raised its annual profit view.

Kimberly-Clark Corporation (NYSE:KMB ) Q2 2024 Earnings Conference Call July 23, 2024 8:00 AM ET Company Participants Chris Jakubik - Head-Investor Relations Mike Hsu - Chairman & Chief Executive Officer Nelson Urdaneta - Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Dara Mohsenian - Morgan Stanley Nik Modi - RBC Capital Markets Javier Escalante - Evercore Anna Lizzul - Bank of America Andrea Teixeira - JPMorgan Bonnie Herzog - Goldman Sachs Operator Good morning, and welcome to Kimberly-Clark's Second Quarter 2024 Earnings Question-and-Answer Session. I'll now hand the conference over to Chris Jakubik, Vice President, Investor Relations.

Kimberly-Clark (KMB) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.65 per share a year ago.

Kimberly-Clark Corp.'s stock KMB, +0.36% fell 1.5% early Tuesday, after the consumer goods company posted weaker-than-expected sales for its second quarter. The parent to brands including Huggies, Kleenex and Scott toilet paper, had net income of $544 million, or $1.61 a share, for the quarter, up from $102 million, or 30 cents a share, in the year-earlier period.

Kleenex tissue maker Kimberly-Clark on Tuesday raised its forecast for full-year profit after beating Wall Street estimates for second-quarter profit, betting on higher prices and steady demand for its personal care products.

Delivers net sales of $5.0 billion driven by 4 percent organic sales growth Strong EPS expansion driven by innovation-led volume gains, effective cost management and productivity  Company increases 2024 earnings outlook to reflect strong first half DALLAS , July 23, 2024 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today reported second quarter 2024 results characterized by positive volume and mix gains driven by pioneering, innovative new products, leveraging continued productivity momentum for strong earnings growth versus the prior-year period. "I am very proud of how our teams around the world have advanced our new operating model and delivered high-quality, top and bottom-line results in the first half of this year.

Kimberly-Clark's (KMB) second-quarter performance is likely to reflect gains from brand strength and cost-saving efforts. However, cost inflation and supply chain volatility are a concern.