Earnings ·
Kimberly-Clark reports Q3 adjusted EPS of $1.70, up 17%, as Kenvue acquisition closes
KMBKimberly Clark Corp
Kimberly-Clark reported third-quarter net sales of $4.1 billion, down 0.4 percent, with organic sales declining 1.3 percent due to headwinds from the China social media disruption and retailer inventory movements in North America. Adjusted diluted earnings per share from continuing operations were $1.70, an increase of 17.2 percent compared to the prior year, driven by lower net interest expense and a reduced effective tax rate. The quarter included significant discrete charges related to the recently completed Kenvue acquisition and the company's transformation initiative. Additionally, the company recognized a pre-tax gain of approximately $1.4 billion upon the completion of its International Family Care and Professional transaction earlier in the year. Kimberly-Clark is a global consumer goods leader producing personal care and health products.