Kimberly-Clark Corporation (NYSE: KMB) announced first quarter 2019 financial results. Net sales decreased 2% to USD 4.6 Billion compared to a year ago. Adjusted earnings per share for the first quarter was USD 1.66 in 2019 and USD 1.71 in 2018.
Chief Executive Officer Mike Hsu said, “I’m encouraged with our first quarter results. We made excellent progress driving higher selling prices to help offset commodity and currency headwinds. We also continued to launch innovations, pursue our growth priorities and invest in our brands. In addition, we generated $115 million of cost savings and returned $510 million to shareholders through dividends and share repurchases. We are confirming our previous full-year outlook while we maintain a strong focus on executing K-C Strategy 2022 for long-term success.”
Operating profit for the first quarter was USD 655 Million in 2019 compared to USD 247 Million in 2018. Cash available by operations in the first quarter was USD 317 Million in 2019 compared to USD 542 Million a year ago.
Kimberly-Clark and its trusted brands are an indispensable part of life for people in more than 175 countries. Fueled by ingenuity, creativity, and an understanding of people’s most essential needs, we create products that help individuals experience more of what’s important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Neve, Plenitud, Viva and WypAll, hold No. 1 or No. 2 share positions in 80 countries.