K-C's Q1 net income down 10% year-over-year to US$523M, net sales up 7% to US$5.1B; results include net benefit from majority stake acquisition in Thinx period underwear, impact of higher input costs for pulp, polymer-based materials, distribution, energy

DALLAS , April 22, 2022 (press release) –

Kimberly-Clark Corporation (NYSE: KMB) today reported first quarter 2022 results.

Executive Summary

• First quarter 2022 net sales of $5.1 billion increased 7 percent compared to the year-ago period, including organic sales growth of 10 percent.
• Diluted net income per share for the first quarter was $1.55 in 2022 and $1.72 in 2021.
• First quarter adjusted earnings per share were $1.35 in 2022, down 25 percent compared to $1.80 in 2021. Adjusted earnings per share exclude certain items described later in this news release.
• The company is now targeting full-year 2022 organic sales growth of 4 to 6 percent, compared to our prior outlook of 3 to 4 percent.
• The company expects adjusted earnings per share of $5.60 to $6.00, in line with its initial expectations for diluted net income per share. The adjusted outlook range excludes the net benefit associated with the acquisition of the controlling interest of Thinx Inc.

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