Kimberly-Clark decreased profitability in 2Q2017

Kimberly-Clark Corporation decreased Income Before Income Taxes and Equity Interests by 5% amid sales decrease by 1% in 2Q2017. According to the disclosed information, the company’s sales in the period totaled USD 4,554 million, generating USD 716 million of Income Before Income Taxes and Equity Interests (15.7% margin).

Thomas J. Falk, Kimberly-Clark’s Chairman and CEO, commented:

“Our second quarter results reflect a challenging environment. Nonetheless, we continue to manage our company with financial discipline, as we achieved USD 120 million of cost savings, improved working capital and returned more than USD 600 million to shareholders through dividends and share repurchases. We are focused on competing effectively in the near-term while we continue to execute our Global Business Plan strategies for long-term success.

Check other wood business-related companies 2Q2017 schedules for financial and operating results.

Earlier Kimberly-Clark invested into a new on-site combined heat-power plant at its tissue mill in the US.

About Kimberly-Clark:

The company provides solutions to enhance people health, hygiene and well-being. It unites brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark. In 2015 its sales accounted for USD 18.6 billion.

Source: Woodbizforum