Categories AlphaGraphs, Consumer, Earnings
Kimberly-Clark (KMB) Q1 profit drops but beats estimates; revenue up 7%
Consumer products company Kimberly-Clark Corp. (NYSE: KMB) reported stronger-than-expected earnings and revenues for the first quarter of 2022. The company’s stock made strong gains soon after the announcement Friday morning, after closing the previous session higher.
Adjusted earnings dropped to $1.35 per share in the March quarter from $1.80 per share in the same period of last year. Analysts were looking for a smaller number for the most recent quarter. Net income, including special items, dropped to $523 million or $1.55 per share from $584 million or $1.72 per share in the first quarter of 2021.
Meanwhile, net sales moved up 7% year-over-year to $5.1 billion during the three-month period, which also came in above the market’s consensus forecast.
Check this space to read management/analysts’ comments on Kimberly-Clark’s Q1 2022 earnings
“We’re proud of our heritage of category-defining innovation and our strong culture of care that enables our employees and communities to thrive. Today, we’re building on that foundation with conviction in our purpose of Better Care for a Better World as we continue to provide essential products to billions of consumers around the world,” said Mike Hsu, chief executive officer of Kimberly-Clark.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Charles Schwab (SCHW) Q1 2024 Earnings: Key financials and quarterly highlights
The Charles Schwab Corporation (NYSE: SCHW) reported first quarter 2024 earnings results today. Net revenues decreased 7% year-over-year to $4.74 billion. Net income available to common shareholders was $1.25 billion,
GS Earnings: All you need to know about Goldman Sachs’ Q1 2024 earnings results
The Goldman Sachs Group, Inc. (NYSE: GS) reported its first quarter 2024 earnings results today. Net revenues were $14.21 billion, up 16% from the same period last year. Net earnings
Centuri Holdings takes the IPO route to expand. Here’s all you need to know
Utility infrastructure service provider Centuri Holdings, Inc. has initiated an initial public offering as it seeks to spin off from parent company Southwest Gas Holdings and become an independent entity.
