NASDAQ$KMB

Kimberly-Clark Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Kimberly-Clark's Q4 2019 results were released, showing sales aligned with the previous year and a 3% organic sales increase.

Kimberly-Clark reported fourth-quarter net sales of $4.6 billion, consistent with the previous year, with a 3% increase in organic sales. Diluted net income per share was $1.59, and adjusted earnings per share were $1.71, a 7% increase. The company anticipates a 1% net sales increase in 2020, including 2% organic sales growth.

  • Q4 2019 net sales were $4.6 billion, matching the previous year, with organic sales up by 3%.
  • Diluted net income per share for Q4 2019 was $1.59, compared to $1.18 in 2018.
  • Adjusted earnings per share for Q4 2019 increased by 7% to $1.71.
  • The board approved a 3.9% increase in the quarterly dividend.

Headline financials

Total Revenue

$4.58B

Previous: $4.57B+0.3%
EPS (adj)

$1.71

Previous: $1.60+6.9%
Organic Net Sales Growth

3.0%

No prior period
Net Income

$556M

Previous: $411M+35.3%
Operating Income

$751M

Previous: $639M+17.5%
Gross Profit

$1.57B

Previous: $1.4B+11.7%
Cash & Equivalents

$442M

Previous: $539M-18.0%
Total Assets

$15.3B

Previous: $14.5B+5.3%
Stock-Based Comp

$22M

Previous: -$4M+650.0%

Revenue & EPS history

Kimberly-Clark · Revenue · Quarterly

$4.58B

Q4 2019+0.3%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company expects net sales to increase 1 percent year-on-year, including organic sales growth of 2 percent. Diluted net income per share for 2020 is anticipated to be $5.95 to $6.65. Adjusted earnings per share in 2020 are expected to be $7.10 to $7.35.

Tailwinds

  • Net sales increase of 1 percent.
  • Organic sales increase of 2 percent.
  • Adjusted operating profit growth of 3 to 5 percent.
  • Cost savings of $425 to $500 million.
  • Net income from equity companies higher year-on-year.

Headwinds

  • Foreign currency exchange rates unfavorable by 1 percent.
  • Exited businesses expected to reduce sales slightly.
  • Increased advertising spending.
  • Unfavorable foreign currency translation and transaction effects.
  • Interest expense expected to increase somewhat year-on-year.

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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