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Kimberly-Clark Q2 profit climbs YOY

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Kimberly-Clark Q2 profit climbs YOY

Kimberly-Clark Corp. said its second-quarter normalized net income came to $1.27 per share, compared with the S&P Capital IQ consensus estimate of $1.36 per share.

EPS increased 7.9% year over year from $1.18.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $463.0 million, an increase from $445.9 million in the prior-year period.

The normalized profit margin rose to 9.8% from 9.0% in the year-earlier period.

Total revenue declined 6.3% on an annual basis to $4.64 billion from $4.95 billion, and total operating expenses fell 6.9% on an annual basis to $3.93 billion from $4.22 billion.

Reported net income came to a loss of $305.0 million, or a loss of 84 cents per share, compared to income of $499.5 million, or $1.32 per share, in the prior-year period.