Kimberly-Clark reports rise in third-quarter sales

Kimberly-Clark Corp reports third-quarter net sales of US$5.1 billion.

Kimberly-Clark Corp., parent company of Kimberly-Clark Professional, reported third-quarter net sales of US$5.1 billion, an increase of 2 per cent from a year ago.

Kimberly-Clark also reported a quarterly net income of $591 million, a 26 per cent jump from $470 million for the same period last year.

Net sales in the company’s Kimberly-Clark Professional segment rose 2 per cent from the previous year to $854 million, while the personal care division saw sales increase 3% to $2.7 billion and its consumer tissue segment reported a 1 per cent decrease in sales to $1.6 billion.

“We delivered another strong quarter, with organic growth across all segments and continued margin progress,” said Mike Hsu, Kimberly-Clark CEO.

“I’m proud of how our teams around the world are executing our growth strategy. Our innovation and commercial capabilities continue to enhance the value proposition of our brands, while strong execution of our revenue growth management and ongoing productivity programs enabled us to restore gross margin to pre-pandemic levels.”

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