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Kimberly-Clark Announces 4th-Quarter Results

Kimberly-Clark Corp., parent company of Kimberly-Clark Professional, reported fourth-quarter revenue of US$5 billion, in line with a year ago and a 3% increase in organic sales.

Kimberly-Clark also reported a quarterly net income of $512 million, or $1.51 per share, compared to $515 million, or $1.50 per share, for the same period last year. Net sales in the company’s Kimberly-Clark Professional segment dipped 3% from the previous year to $816 million, while the personal care division increased sales 2% to $2.6 billion.

“We had a solid finish to 2023, delivering strong organic growth, as well as cost and earnings recovery above our initial expectations,” said Mike Hsu, Kimberly-Clark chairman and CEO. “Our fourth quarter results demonstrate topline momentum with more balanced growth across volume, mix, and price led by strong personal care results. I’m proud of our team’s outstanding execution, including enhancing the value proposition of our global brands through consumer-centric innovation and stronger, more integrated commercial capabilities.”

About Kimberly-Clark Professional
Kimberly-Clark Professional offers an array of hand hygiene and contamination-control products. Located in Roswell, Georgia, Kimberly-Clark Professional is one of Kimberly-Clark Corp.’s four business sectors. For more information, visit kcprofessional.com.