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Is a Surprise Coming for Kimberly-Clark (KMB) This Earnings Season?
Zacks Investment Research· 2024-04-19 16:41
Investors are always looking for stocks that are poised to beat at earnings season and Kimberly-Clark Corporation (KMB) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Kimberly-Clark is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a ...
Kimberly-Clark (KMB) Q1 Earnings Coming Up: Is a Beat Likely?
Zacks Investment Research· 2024-04-18 14:31
Kimberly-Clark Corporation (KMB) is likely to deliver a top-and-bottom-line decline when it reports first-quarter 2023 earnings on Apr 23. The Zacks Consensus Estimate for revenues is pegged at $5.1 billion, which suggests a drop of 2.3% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has increased by a penny in the past 30 days to $1.60 per share. This indicates a decline of 4.2% from the year-ago quarter’s reported figure. KMB has a trailing four-quarter earnings su ...
Stay Ahead of the Game With Kimberly-Clark (KMB) Q1 Earnings: Wall Street's Insights on Key Metrics
Zacks Investment Research· 2024-04-18 14:21
Analysts on Wall Street project that Kimberly-Clark (KMB) will announce quarterly earnings of $1.60 per share in its forthcoming report, representing a decline of 4.2% year over year. Revenues are projected to reach $5.08 billion, declining 2.3% from the same quarter last year.The current level reflects a downward revision of 2.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ...
Why Kimberly-Clark (KMB) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-04-10 14:56
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed ...
Kimberly-Clark(KMB) - 2023 Q4 - Annual Report
2024-02-08 19:51
Operational Challenges - The company has significantly curtailed media, advertising, and promotional activities in Russia due to the ongoing war in Ukraine, impacting operations and potentially leading to asset impairment [49]. - The COVID-19 pandemic has caused significant volatility in demand for the company's products, affecting manufacturing and supply chain operations [50]. - The company faces risks related to supply chain disruptions, including natural disasters, labor strikes, and geopolitical instabilities, which could adversely affect financial results [52]. - The company is experiencing a tight labor market, which could lead to increased turnover and costs associated with attracting and retaining key personnel [64]. - Intense competition and changing consumer preferences may adversely affect the company's financial results, necessitating increased marketing efforts [65][66]. - The company is dependent on key retailers, and changes in their policies or loss of significant customers could negatively impact financial performance [69]. - The company faces risks from changes in energy prices and availability, which could impact manufacturing and transportation costs [210]. Financial Management - The company is implementing plans to achieve cost reductions and expects ongoing savings from continuous improvement activities, although success is not guaranteed [55]. - The company may pursue acquisitions or divestitures of product lines, which could impact financial results and operational focus [56][57]. - Disruptions in credit markets or changes in credit ratings could adversely affect the company's access to financing and increase borrowing costs [59][60]. - New or revised laws and regulations may increase compliance costs, potentially impacting financial results negatively [72]. - Interest rate risk is managed through a mix of variable and fixed-rate debt, with a 10% decrease in interest rates potentially increasing the fair value of unhedged fixed-rate debt by approximately $347 [208]. - The company actively monitors credit risk with counterparties in derivative transactions, which is not considered significant due to diversification [199]. Market and Economic Risks - Climate change and sustainability concerns may lead to increased costs and regulatory requirements, impacting the company's operations [62][63]. - The company is exposed to foreign currency exchange rate risks, with a 10% unfavorable change in exchange rates not materially affecting consolidated financial position as of December 31, 2023 [203]. - As of December 31, 2023, a 10% unfavorable change in foreign currency exchange rates would have reduced stockholders' equity by approximately $600, but this is not considered material [206]. - Commodity price risk is significant, particularly related to pulp and petroleum-based materials, which could adversely affect earnings if selling prices do not adjust accordingly [209]. - The company employs strategic pricing mechanisms to manage volatility in commodity costs, although derivative instruments have not been used for this purpose [209]. - The company utilizes derivative instruments for risk management purposes, primarily for foreign currency and interest rate risks, but not for speculation [199]. Inflation and Accounting - The company has adopted highly inflationary accounting for operations in Argentina and Türkiye, with immaterial net monetary positions as of December 31, 2023 [204][205].
Kimberly-Clark(KMB) - 2023 Q4 - Earnings Call Transcript
2024-01-24 16:45
Kimberly-Clark Corporation (NYSE:KMB) Q4 2023 Earnings Conference Call January 24, 2024 8:30 AM ET Company Participants Chris Jakubik - Head of Investor Relations Mike Hsu - Chairman and Chief Executive Officer Nelson Urdaneta - Chief Financial Officer Conference Call Participants Dara Mohsenian - Morgan Stanley Lauren Lieberman - Barclays Jason English - Goldman Sachs Anna Lizzul - Bank of America Steve Powers - Deutsche Bank Andrea Teixeira - JPMorgan Chris Jakubik Hello. This is Chris Jakubik, Head of In ...
Kimberly-Clark(KMB) - 2023 Q3 - Earnings Call Transcript
2023-10-24 16:08
Financial Data and Key Metrics Changes - The company reported net sales of $5.1 billion, an increase of 2% year-over-year, with organic sales up 5% [13] - Gross margin increased by 530 basis points to 35.8%, exceeding pre-pandemic levels [30][68] - Operating profit rose by 18%, and adjusted earnings per share grew by 24% to $1.74 [36] Business Line Data and Key Metrics Changes - Personal Care segment saw a 7% organic sales increase, with volume growth of 2% for the first time in five quarters [9][34] - Consumer Tissue organic growth was 2%, with North America delivering 4% organic growth [14] - K-C Professional business posted 4% organic growth, with operating margin improving by 550 basis points [35] Market Data and Key Metrics Changes - In North America, organic sales were up 7%, with volume up 3% [30] - China experienced double-digit growth in both organic sales and volume, despite category softness [10] - The company improved market shares in key markets, with significant gains in the U.K. and China [31] Company Strategy and Development Direction - The company is focused on driving innovation and commercial programming rather than outspending competitors [1][2] - Continued investment in brand communications and technology is expected to attract more consumers and increase usage occasions [32] - The company aims to enhance margins through disciplined revenue management and productivity programs [70][79] Management's Comments on Operating Environment and Future Outlook - Management raised the full-year outlook, expecting organic sales growth of 4% to 5% and adjusted earnings per share growth of 15% to 17% [18][37] - The cost environment remains mixed, with input cost headwinds expected to be approximately $50 million [17] - Management remains cautious about currency volatility impacting future performance [70] Other Important Information - The company generated $2.3 billion in cash flow from operations in the first nine months of the year [16] - Capital spending is expected to be approximately $800 million for the year [16] - The company returned $1.3 billion to shareholders through dividends and share repurchases [16] Q&A Session Summary Question: Can you provide insights on carryover pricing into 2024? - Management indicated that while there may be some carryover from pricing actions, it is not expected to be a significant driver for next year [87] Question: What is the outlook for commodity costs? - The company expects modest tailwinds from input costs going forward, with some increases in resin-based materials and energy costs anticipated [62][63] Question: How is the company managing promotional levels in North America? - Management noted that trade promotions are used to drive trial for new items, and promotional levels remain below 2019 levels [74] Question: What is the strategy for margin enhancement moving forward? - The company aims to continue enhancing margins through disciplined commercial programming and innovation, with a focus on sustainable growth [77][79]
Kimberly-Clark(KMB) - 2023 Q3 - Quarterly Report
2023-10-24 14:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-225 (State or other jurisdiction of incorporation) KIMBERLY-CLARK CORPORATION (Exact name of registrant as s ...
Kimberly-Clark(KMB) - 2023 Q2 - Earnings Call Transcript
2023-07-25 17:04
Kimberly-Clark Corporation (NYSE:KMB) Q2 2023 Earnings Conference Call July 25, 2023 8:30 AM ET Company Participants Christina Cheng - Investor Relations Michael Hsu - Chairman and Chief Executive Officer Nelson Urdaneta - Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Javier Escalante - Evercore Chris Carey - Wells Fargo Dara Mohsenian - Morgan Stanley Nik Modi - RBC Capital Markets Anna Lizzul - Bank of America Andrea Teixeira - JPMorgan Jason English - Goldman Sachs Pete ...
Kimberly-Clark(KMB) - 2023 Q2 - Quarterly Report
2023-07-25 13:54
FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-225 KIMBERLY-CLARK CORPORATION (Exact name of registrant as specified in its charter) Delaware 39-0394230 (State or ...