Personal care products information provider Kimberly-Clark Corporation reported that sales in the fourth quarter of 2005 rose 2.8 percent to $4.0 billion, with higher sales volumes, net selling prices and favorable product mix all contributing to the improvement.
Diluted net income of 79 cents per share decreased 14 percent compared with income from continuing operations of 92 cents per share in 2004.
However, earnings before unusual items in the fourth quarter of 2005 increased 3 percent to 95 cents per share, excluding charges related to competitive improvement initiatives for streamlining the company's operations, incremental tax expense for repatriating earnings of certain foreign subsidiaries and the cumulative effect of an accounting change related to asset retirement obligations.
In the fourth quarter of 2004, reported net income of 91 cents per share included a loss of 1 cent per share from discontinued operations, representing the results of the company's former fine paper and technical paper businesses that were part of the Neenah Paper spin-off to shareholders on November 30, 2004.
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 - nearly 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 No 1 or No 2 share positions in more than 80 countries.
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