K-C reports Q4 net income down 34% to US$357M from year-ago US$539M, net sales up 3% to US$5.0B, with personal-care sales up 12%, consumer tissue sales down 10%, K-C Professional sales up 2%; full-year income down 23% to US$1.81B, sales up 2% to US$19.4B

DALLAS , January 26, 2022 (press release) –

Kimberly-Clark Corporation (NYSE: KMB) today reported year-end 2021 results and provided its 2022 outlook.

Executive Summary

• Fourth quarter 2021 net sales of $5.0 billion increased 3 percent compared to the year-ago period, including organic sales growth of 3 percent. Full-year 2021 net sales of $19.4 billion increased 2 percent, with organic sales down 1 percent.
• Diluted net income per share for the fourth quarter was $1.06 in 2021 and $1.58 in 2020. Full-year diluted net income per share was $5.35 in 2021 and $6.87 in 2020.
• Fourth quarter adjusted earnings per share were $1.30 in 2021, down 23 percent compared to $1.69 in 2020. Adjusted earnings per share exclude certain items described later in this news release.
• Full-year adjusted earnings per share were $6.18 in 2021, down 20 percent compared to $7.74 in 2020. The company's previous guidance was for adjusted earnings per share of $6.05 to $6.25.
• Net sales in 2022 are expected to increase 1 to 2 percent, including organic sales growth of 3 to 4 percent. Diluted net income per share for 2022 is anticipated to be $5.60 to $6.00.
• The company's Board of Directors has approved a 1.8 percent increase in the quarterly dividend, which is the 50^th consecutive annual increase in the dividend.

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