Edition:
India

Kimberly-Clark Posts Q2 Adjusted Earnings Per Share $1.59


Tuesday, 24 Jul 2018 

July 24 (Reuters) - Kimberly-Clark Corp ::KIMBERLY-CLARK ANNOUNCES SECOND QUARTER 2018 RESULTS.SEES FY 2018 EARNINGS PER SHARE $3.37 TO $3.87.Q2 ADJUSTED EARNINGS PER SHARE $1.59.Q2 EARNINGS PER SHARE $1.30.Q2 SALES $4.6 BILLION VERSUS I/B/E/S VIEW $4.62 BILLION.Q2 EARNINGS PER SHARE VIEW $1.57 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $6.60 TO $6.80.PERSONAL CARE SEGMENT Q2 SALES OF $2.3 BILLION DECREASED 1 PERCENT.IN QUARTER, CHANGES IN FOREIGN CURRENCY EXCHANGE RATES BENEFITED SALES BY 1 PERCENT WHILE ORGANIC SALES WERE EVEN YEAR-ON-YEAR.CONSUMER TISSUE SEGMENT Q2 SALES OF $1.5 BILLION INCREASED 1 PERCENT.FOR FULL YEAR, MAINTAINING ORGANIC SALES GROWTH TARGET AND REDUCING EARNINGS OUTLOOK.Q2 RESULTS WERE IMPACTED BY $200 MILLION OF HIGHER INPUT COSTS, DRIVEN BY $125 MILLION IN PULP AND $45 MILLION IN OTHER RAW MATERIALS.KIMBERLY-CLARK - 2018 ADH EARNINGS PER SHARE FORECAST UPDATE REFLECTS HIGHER COMMODITY INFLATION, WORSE CURRENCY OUTLOOK.EXPECTS TO INCUR RESTRUCTURING CHARGES OF $1,700 TO $1,900 MILLION PRE-TAX BY END OF 2020.SEES 2018 INFLATION IN KEY COST INPUTS OF $675 MILLION TO $775 MILLION.KIMBERLY-CLARK-AS PART OF RESTRUCTURING PROGRAM, EXPECTS TO EXIT OR DIVEST SOME "LOW-MARGIN BUSINESSES" THAT GENERATE ABOUT 1 PERCENT OF COMPANY NET SALES.KIMBERLY-CLARK -UPDATE TO 2018 INFLATION IN KEY COST INPUTS REFLECTS HIGHER ASSUMPTIONS FOR PULP COSTS IN PARTICULAR, SECONDARILY OTHER RAW MATERIALS. 

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