Company News

Kimberly-Clark 1Q Net Falls

Author Image

By: TOM BRANNA

Editor

Dallas-based Kimberly-Clark Corp.’s first-quarter profit fell almost 39% due to restructuring charges, but price increases on some paper products helped it offset higher costs for raw materials. For the full-year, net profit was $275.1 million (60 cents per share) down from $450.1 million (93 cents per share) a year earlier. Excluding charges from its ongoing restructuring, the company earned 93 cents per share, meeting the high end of its forecast of 90 cents to 93 cents per share. On ...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters