Kimberly-Clark Corp., parent company of Kimberly-Clark Professional, reported fourth-quarter revenue of US$5 billion, an increase of 3 per cent from one year ago.
Kimberly-Clark also reported a quarterly net income of $521 million, or $1.06 per share, down from $749 million, or $1.58 per share, for the same period last year.
The company attributed the decline to charges related to its 2018 restructuring plan.
Net sales in the company’s Kimberly-Clark Professional segment increased 2 per cent from the previous year to $800 million while the personal care division boosted sales 12 per cent to $2.6 billion.
Chairman and CEO, Mike Hsu said, “Our teams have been executing well in this challenging macro and operating environment, maintaining cost discipline, balancing pricing initiatives, taking care of our customers, and continuing to build our brands and grow share. We were especially pleased with our topline growth in personal care and D&E over the year.”
Hsu said looking ahead, the company will continue to invest in innovation, supporting its brands, and accelerating topline growth.
“While we expect inflation and supply-chain disruption to persist into 2022, we are committed to recovering margins to pre-pandemic levels over time, and we are optimistic about gradual improvement later in the year.
“We remain confident in the potential of our categories in the near and long term, and in our ability to create meaningful shareholder value while we work to achieve our purpose of better care for a better world. I am grateful for the incredible dedication of our talented teams in 2021, and we are committed to doing all we can to ensure a safe, healthy, and rewarding work environment in the year ahead.”
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