Kimberly-Clark Corp. said its normalized net income for the fourth quarter was $1.27 per share, compared with the S&P Capital IQ consensus estimate of $1.43 per share.
EPS rose 14.8% year over year from $1.10.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $461.5 million, an increase of 10.9% from $416.3 million in the prior-year period.
The normalized profit margin climbed to 10.4% from 8.6% in the year-earlier period.
Total revenue decreased 6.0% year over year to $4.54 billion from $4.83 billion, and total operating expenses decreased 6.7% on an annual basis to $3.72 billion from $3.98 billion.
Reported net income came to $335.9 million, or 92 cents per share, compared to a loss of $69.9 million, or a loss of 19 cents per share, in the prior-year period.
For the year, the company's normalized net income totaled $5.09 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $5.76.
EPS rose 6.8% from $4.77 in the prior year.
Normalized net income was $1.87 billion, a rise from $1.80 billion in the prior year.
Full-year total revenue fell 5.7% year over year to $18.59 billion from $19.72 billion, and total operating expenses fell 7.4% on an annual basis to $15.20 billion from $16.42 billion.
The company said reported net income fell 31.2% on an annual basis to $1.01 billion, or $2.77 per share, in the full year, from $1.48 billion, or $3.91 per share.