Kimberly-Clark Corp., parent company of Kimberly-Clark Professional, reported first-quarter net sales of US$5.1 billion, an increase of 7 per cent from one year ago.
Kimberly-Clark also reported a quarterly net income of $535 million, or $1.55 per share, down from $594 million, or $1.73 per share, for the same period last year.
Net sales in the company’s Kimberly-Clark Professional segment rose 4 per cent from the previous year to $800 million while the personal care division boosted sales 11 per cent to $2.7 billion and its consumer tissue segment increased sales 4 per cent to $1.6 billion.
“I’m pleased with our team’s continued excellent execution during this volatile and highly inflationary environment. We delivered double-digit organic sales growth with strong increases across all our segments in the first quarter,” said chairman and CEO, Mike Hsu.
“Our growth strategy is working and we’re continuing to invest in our business. Additionally, we continue to take the necessary actions to mitigate macro headwinds and remain committed to improving our margins over time.”
“On March 26th of this year, Kimberly-Clark marked its 150th anniversary — a significant milestone for the company. We’re proud of our heritage of category defining innovation and our strong culture of care that enables our employees and communities to thrive.
“Today, we’re building on that foundation with conviction in our purpose of Better Care for a Better World as we continue to provide essential products to billions of consumers around the world.”
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