Kimberly-Clark announces 4Q and full year 2007 results
Jan 29, 2008. Kimberly-Clark reported that net sales in the 4Q 2007 improved 10.5 % to $4.8 billion, setting a new quarterly record. Highlights included continued strong growth in developing and emerging markets, where sales climbed in excess of 20 %, and double-digit volume gains for several of the company's brands in North America.
Jan 29, 2008. /Lesprom Network/. Kimberly-Clark reported that net sales in the 4Q 2007 improved 10.5 % to $4.8 billion, setting a new quarterly record. Highlights included continued strong growth in developing and emerging markets, where sales climbed in excess of 20 %, and double-digit volume gains for several of the company's brands in North America.
Diluted net income per share was $1.07 compared with $1.05 in the prior year. Adjusted earnings in the 4Q 2007 were $1.11 per share, up nearly 8% from $1.03 per share in 2006 and in line with the company's previous guidance range of $1.09 to $1.11 per share.
Chairman and CEO Thomas J. Falk said, "For the year, better-than-expected top-line growth contributed to solid improvement in adjusted operating profit and earnings per share - in line with our long-term targets - despite significantly higher inflation and a stepped up level of marketing spending. I was also pleased with our 4Q performance overall and with the sustained excellent results in Personal Care and developing and emerging markets in particular. Still, because of the toll inflation has taken on our Consumer Tissue and K-C Professional margins, we are not satisfied with our current position. Recently announced price increases are among the steps we're taking to improve revenue realization in those businesses."
Kimberly-Clark is an American corporation that produces mostly paper-based consumer products.