Kimberly-Clark de México (KCDMF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day everyone and welcome to Kimberly Clark in Mexico third quarter 2025 results. At this time all participants are in a listen only mode. Later you will have an opportunity to ask questions during the question and answer session. You may register to ask questions by pressing the star and one on your telephone keypad. You may withdraw your question from the queue by pressing star two. Please note this call is being recorded and I will be sending by should you need any assistance. It is now my pleasure to turn the conference over to CEO Pablo Gonzalez. Please go ahead. Hello, everyone. Hope you're doing well and thanks for participating on the call. We'll go straight to results and then we'll make some brief comments about the quarter and our expectations going forward. Javier? Thank you. Good morning, everyone. Results for the quarter were better, with net sales growing and gross and operating profits recovering. During the quarter, our sales were 13.4 billion pesos, a 2% increase versus last year. Hardware sales impacted total volume, which was flat, and price mix was up 2%. Consumer products grew 5%, 1% volume and 4% price mix. while away-from-home remained flat. Exports were down 15%, impacted by a 32% decrease in hardwood sales, while finished products grew 7%. Cost of goods sold increased 3%. Against last year, SAM, resins, and virgin fibers were favorable. Recycled fibers were mixed, while fluff compared negatively. The FX was slightly lower, averaging 1% less. During the quarter, our cost of goods sold reflected the higher prices of raw materials from prior months, and very significantly, the much higher FX, including the hedges, as those trickled down the inventory layers. Our cost reduction program, once again, had very good results and yielded approxima...