Skip to main content

The Globe and Mail

Kimberly-Clark profit rises, stands by year view

In a file photo a shopper and her child look at diapers at a Little Rock, Ark., Wal-Mart Super Center store Wednesday, Aug. 24, 2004.


Kimberly-Clark Corp. posted a higher quarterly profit as the maker of Kleenex tissues and Huggies diapers trimmed costs to deal with some weakness in the United States.

The company also stood by its forecast for the year, calling for earnings of $5 (U.S.) to $5.15 per share on an adjusted basis, which excludes restructuring costs.

First-quarter profit rose to $468-million, or $1.18 per share, from $350-million, or 86 cents per share, a year earlier. Adjusted earnings per share rose to $1.24 from $1.09.

Story continues below advertisement

Sales increased 4.2 per cent to $5.24-billion.

Earlier this year, Kimberly-Clark had low expectations for 2012 as it faced some weak economic conditions, especially in the developed markets where it does the bulk of its business. North America accounts for 50 per cent of sales and Europe makes up another 16 per cent. Kimberly-Clark has seen its Huggies business pressured by consumers switching to less expensive diapers

Report an error
Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at