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Post Earnings Coverage as Kimberly-Clark Net Income Soared 51.7%; Increases Dividend by 5.4%
Upcoming AWS Coverage on Colgate-Palmolive Post-Earnings Results LONDON, UK / ACCESSWI...
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[{"type":"text","content":"Post Earnings Coverage as Kimberly-Clark Net Income Soared 51.7%; Increases Dividend by 5.4%Upcoming AWS Coverage on Colgate-Palmolive Post-Earnings Results\n\nLONDON, UK / ACCESSWIRE / February 1, 2017 / Active Wall St. announces its post-earnings coverage on Kimberly-Clark Corp. (NYSE: KMB). The Company posted its fourth quarter fiscal 2016 results on January 24, 2017. The maker of Kleenex tissues and Huggies diaper surpassed markets earnings expectations. Register with us now for your free membership at:\nhttp://www.activewallst.com/register/\nOne of Kimberly-Clark's competitors within the Personal Products space, Colgate-Palmolive Co. (NYSE: CL), reported its Q4 2016 and year-end earnings results on Friday, January 27. AWS will be initiating a research report on Colgate-Palmolive in the coming days. \nToday, AWS is promoting its earnings coverage on KMB; touching on CL. Get our free coverage by signing up to:\nhttp://www.activewallst.com/registration-3/?symbol=KMB\nhttp://www.activewallst.com/registration-3/?symbol=CL\nEarnings Reviewed\nFor the three months' period ended on December 31, 2016, Kimberly-Clark reported sales of $4.544 billion, which was marginally above sales of $4.539 billion in Q4 2015 and slightly below analysts' consensus of $4.55 billion. During the reported quarter, the Company's organic sales were up 1%, as volumes increased 2%, while the combined impact of changes in net selling prices and product mix reduced sales by 1%. Changes in foreign currency exchange rates lowered sales by 1%. For FY16, Kimberly-Clark reported sales of $18.2 billion, down 2% compared to sales of $18.59 billion in the year-ago same period.\nFor Q4 2016, Kimberly-Clark's operating profit was $839 million compared to $630 million in Q4 2015. The Company's Q4 2016 results included benefits from $140 million in cost savings from it FORCE (Focused on Reducing Costs Everywhere) program and $25 million of savings from the 2014 Organization Restructuring. Input costs decreased $5 million, driven by lower fiber costs. The Company's adjusted operating profit saw an increase of 10% to $859 million in Q4 2016 compared to $779 million in Q4 2015. For FY16, Kimberly-Clark's operating profit totaled $3.32 billion versus $1.61 billion in FY15.\nKimberly-Clark's Q4 2016 net income was $505 million and diluted net income per share was $1.40 compa...