Kimberly-Clark (KMB) Tops Q4 EPS by 2c, Slight Miss on Revenues; To Cut Workforce by 5,000-5,500
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Kimberly-Clark Announces Year-End 2017 Results, 2018 Outlook, New Global Restructuring And Multi-Year Cost Savings Target
January 23, 2018 7:30 AM ESTDALLAS, Jan. 23, 2018 /PRNewswire/ --Â Kimberly-Clark Corporation (NYSE: KMB) today reported year-end 2017 results and provided its 2018 outlook. The company also announced a new global restructuring initiative and established a multi-year savings target for its ongoing cost savings program.
Executive Summary
Fourth quarter 2017 net sales of $4.6 billion increased 1 percent compared to the year-ago period and full-year 2017 net sales of $18.3 billion rose slightly. Diluted net income per share for the fourth quarter was $1.75 in 2017 and $1.40 in 2016. Full-year diluted net income per share was $6.40 in 2017 and $5.99 in 2016. Fourth... More