NASDAQ$KMB
Kimberly-Clark Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Kimberly-Clark's first quarter 2024 results reflected positive volume and mix gains, driven by innovative products and strong productivity initiatives.
Kimberly-Clark reported net sales of $5.1 billion, a 1% decrease, but organic sales grew by 6%. Diluted EPS increased by 14% to $1.91, and adjusted EPS rose by 20% to $2.01. The company has raised its 2024 outlook to reflect this solid start.
- Net sales reached $5.1 billion, with a 6% increase in organic sales.
- Gross margin improved to 37.1%, up 390 basis points year-over-year.
- Diluted earnings per share (EPS) were $1.91, while adjusted EPS was $2.01, a 20% increase.
- The company increased its 2024 outlook, anticipating mid-single-digit organic net sales growth.
Headline financials
Revenue & EPS history
Kimberly-Clark · Revenue · Quarterly
$5.15B
Forward guidance
Kimberly-Clark has updated its 2024 outlook based on its first quarter results. Organic Net Sales is now expected to grow mid-single digits. Adjusted Operating Profit is now expected to grow at a low-teens percentage rate on a constant-currency basis. Adjusted Earnings Per Share is now expected to grow at a low-teens percentage rate on a constant-currency basis.
Tailwinds
- Organic Net Sales is now expected to grow mid-single digits.
- Adjusted Operating Profit is now expected to grow at a low-teens percentage rate on a constant-currency basis.
- Adjusted Earnings Per Share is now expected to grow at a low-teens percentage rate on a constant-currency basis.
Headwinds
- Reported Net Sales to be negatively impacted by 400 basis points of currency translation.
- Reported Net Sales to be negatively impacted by 120 basis points from divestitures.
- Reported Operating Profit and Reported Earnings Per Share are currently expected to be negatively impacted by approximately 700 basis points from currency translation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.1%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+0.7%
Avg return
30 days after
48%
35 / 73 earnings
Positive
+12.0%
Q1 2022
Best reaction
-7.8%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | -0.6% | +1.0% | |
| Q4 2025 | -0.7% | -1.1% | +9.1% | |
| Q3 2025 | +3.1% | -13.8% | -6.5% | |
| Q2 2025 | +4.8% | +9.7% | +3.6% | |
| Q1 2025 | -1.5% | -6.0% | -0.2% | |
| Q4 2024 | -1.5% | -1.1% | +6.7% | |
| Q3 2024 | -5.1% | -6.0% | -5.0% | |
| Q2 2024 | -2.5% | -1.6% | +0.3% | |
| Q1 2024 | +6.9% | +4.9% | +2.3% | |
| Q4 2023 | -3.6% | -2.9% | -2.6% | |
| Q3 2023 | -2.5% | -4.1% | +0.4% | |
| Q2 2023 | -3.8% | -4.9% | -6.3% | |
| Q1 2023 | +0.8% | +1.7% | -3.8% | |
| Q4 2022 | -3.2% | -4.2% | -6.3% | |
| Q3 2022 | +3.8% | +7.3% | +15.7% | |
| Q2 2022 | -1.0% | -1.2% | -0.4% | |
| Q1 2022 | +12.0% | +9.7% | +0.2% | |
| Q4 2021 | -1.5% | -1.4% | -5.6% | |
| Q3 2021 | +0.2% | -2.7% | +1.6% | |
| Q2 2021 | +0.1% | -0.0% | +2.4% | |
| Q1 2021 | -7.0% | -7.6% | -5.7% | |
| Q4 2020 | +3.7% | -0.1% | -1.1% | |
| Q3 2020 | -7.8% | -9.2% | -5.8% | |
| Q2 2020 | +2.1% | +4.5% | +9.0% | |
| Q1 2020 | +0.6% | +0.6% | +0.2% | |
| Q4 2019 | -0.7% | +0.3% | -2.1% | |
| Q3 2019 | -3.5% | -3.6% | -4.2% | |
| Q2 2019 | +0.3% | +2.2% | +5.6% | |
| Q1 2019 | +1.7% | +1.8% | +6.0% | |
| Q4 2018 | -3.3% | -6.2% | +3.4% | |
| Q3 2018 | -5.5% | -7.2% | +0.4% | |
| Q2 2018 | +0.9% | +2.5% | +10.2% | |
| Q1 2018 | +0.4% | +4.5% | +4.5% | |
| Q4 2017 | +2.4% | +4.6% | -3.5% | |
| Q3 2017 | -1.2% | -0.9% | +2.3% | |
| Q2 2017 | -1.3% | -1.1% | -2.3% | |
| Q1 2017 | +2.2% | -0.2% | -1.5% | |
| Q4 2016 | +4.3% | +3.4% | +14.8% | |
| Q3 2016 | -4.9% | -4.2% | -4.2% | |
| Q2 2016 | -1.7% | -3.8% | -4.4% | |
| Q1 2016 | -4.2% | — | — | |
| Q4 2015 | -1.4% | — | — | |
| Q3 2015 | +3.1% | — | — | |
| Q2 2015 | -0.3% | — | — | |
| Q1 2015 | +4.2% | — | — | |
| Q4 2014 | -7.7% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | -2.5% | — | — | |
| Q1 2014 | -3.7% | — | — | |
| Q4 2013 | +1.9% | — | — | |
| Q3 2013 | +6.2% | — | — | |
| Q2 2013 | -1.3% | — | — | |
| Q1 2013 | +4.2% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | -3.6% | — | — | |
| Q2 2012 | +4.7% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | +0.7% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q4 2010 | -0.4% | — | — | |
| Q3 2010 | -1.4% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q1 2009 | +3.0% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q4 2007 | +0.0% | — | — | |
| Q4 2009 | +0.0% | — | — | |
| Q4 2008 | +0.9% | — | — | |
| Q3 2008 | +0.9% | — | — | |
| Q3 2009 | +0.9% | — | — | |
| Q2 2009 | -0.0% | — | — | |
| Q2 2008 | -0.0% | — | — |
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