Kimberly-Clark sales up in Q3

25 Oct '05

2 min read

Personal care products information provider Kimberly-Clark Corporation reported that sales in the third quarter of 2005 were $4.0 billion, an increase of 5.8 percent over the prior year and a new quarterly record. The improvement was driven by volume growth of about 4 percent along with currency benefits of nearly 2 percent. Diluted net income of 68 cents per share decreased 22 percent compared with income from continuing operations of 87 cents per share in 2004.

However, excluding charges related to competitive improvement initiatives for streamlining the company's operations, earnings before unusual items in the third quarter of 2005 rose 9 percent to 95 cents per share. This was in line with the company's previous guidance (94 to 96 cents per share) despite higher-than-expected energy costs and direct expenses from Hurricane Katrina that totaled approximately $15 million before tax, or 2 cents per share.

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Feminine pads maker Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people - almost a quarter of the world's population - trust K-C brands and the solutions they provide to enhance their health, hygiene and well being. With brands such as Kleenex, Scott, Huggies,Pull-Ups, Kotex and Depend, Kimberly-Clark holds the No. 1 or No. 2 share position in more than 80 countries.

Kimberly-Clark Corporation

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