Followers | 840 |
Posts | 120476 |
Boards Moderated | 18 |
Alias Born | 09/05/2002 |
Monday, November 08, 2010 7:09:02 PM
[In 3Q10, “organic sales growth,” defined as the year-over-year change in sales excluding exchange rates, acquisitions, and divestitures, was 1% (consisting of 1% from volume, and zero from pricing and mix); this was below the prior guidance, causing KMB to lower the organic-sales guidance for the full year to 2% from the prior guidance of 2-4%. The new EPS guidance for the year is $.460-4.70 (reduced from $4.80-5.00).
Among the problems in the quarter were higher marketing expenses to retain market share, lower sales of masks for H1N1 (which peaked in 2H09), and higher pulp prices, the latter being the most consequential factor.]
http://www.bloomberg.com/news/2010-10-26/kimberly-clark-profit-falls-company-lowers-full-year-earnings-forecast.html
›By Lauren Coleman-Lochner - Oct 26, 2010
Kimberly-Clark Corp., the maker of Huggies diapers and Viva paper towels, posted a 19 percent drop in third-quarter profit and lowered its full-year earnings forecast on higher materials costs and lower demand from other businesses.
The stock fell the most in almost two years. Net income declined to $469 million, or $1.14 a share, from $582 million, or $1.40, a year earlier, the Dallas-based company said in a statement. Twelve analysts surveyed by Bloomberg estimated average profit of $1.28 a share.
Profit was trimmed by lower demand in the professional services unit, which sells brands such as Kleenex and Scott toilet paper to workplaces, currency devaluation in Venezuela and rising materials costs. Chief Executive Officer Tom Falk has cut costs, eliminating about 3 percent of the company’s jobs last year, and expanded health-care and professional revenue to lessen reliance on raw materials such as wood pulp.
“The challenging business environment weighed on our bottom-line results more than we previously expected, with relatively soft market demand, cost inflation and slightly higher competitive spending,” Falk said in the statement.
Kimberly-Clark expects pulp prices to remain about the same next year, Falk said during the company’s earnings call today. The inflation in the previous quarter was the highest ever, the company said.
Sales advanced 1.3 percent to $4.98 billion in the third quarter. Analysts predicted sales of $4.99 billion on average.
The company lowered its full-year [2020] profit forecast to as little as $4.60 a share [actually a range of $4.60-4.70], from a previous minimum of $4.80 [a range of $4.80-5.00]. The company earned $4.52 last year. Kimberly-Clark said earlier this year it expected commodity costs to rise in 2010.‹
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
Recent KMB News
- Depend® Brand Taps Emmitt Smith for Annual Stand Strong for Men's Health Campaign Benefitting the Prostate Cancer Foundation • PR Newswire (US) • 09/19/2024 01:00:00 PM
- Huggies® and Walgreens® Encourage Parents to Join Them in Supporting Families Struggling with Diaper Need • PR Newswire (US) • 09/13/2024 06:10:00 PM
- Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities • Edgar (US Regulatory) • 09/09/2024 04:53:18 PM
- Kimberly-Clark to Webcast its Presentation at Barclays 17th Annual Global Consumer Staples Conference • PR Newswire (US) • 08/21/2024 12:30:00 PM
- Kleenex® and Jenna Bush Hager Celebrate 100 Years of Facing Life's Moments by Giving Back to Schools in Need • PR Newswire (US) • 08/14/2024 05:18:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 03:30:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 03:30:54 PM
- Kimberly-Clark Declares Quarterly Dividend • PR Newswire (US) • 08/01/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 06:26:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 11:13:39 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 11:10:32 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 07:22:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/26/2024 07:54:24 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/26/2024 07:07:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/23/2024 01:24:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 10:32:25 AM
- Kimberly-Clark Announces Second Quarter 2024 Results and Raises 2024 Outlook • PR Newswire (US) • 07/23/2024 10:30:00 AM
- Kimberly-Clark Names Craig Slavtcheff Chief Research and Development Officer • PR Newswire (US) • 07/16/2024 12:00:00 PM
- Kimberly-Clark to Announce Second Quarter 2024 Financial Results on July 23, 2024 • PR Newswire (US) • 07/11/2024 11:00:00 AM
- New Kimtech™ Polaris™ Nitrile Exam Gloves Improve Protection for Lab Workers in Canada • PR Newswire (Canada) • 06/26/2024 01:00:00 PM
- Kimberly-Clark Reports Progress Toward 2030 Sustainability Goals • PR Newswire (US) • 06/05/2024 01:00:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 01:46:21 PM
- Kimberly-Clark to Webcast its Presentation in Deutsche Bank dbAccess Global Consumer Conference • PR Newswire (US) • 05/28/2024 08:15:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/24/2024 08:10:19 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM