Kimberly-Clark's Net Income Falls Even Though Sales Rise - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Kimberly-Clark's Net Income Falls Even Though Sales Rise

Posted: Updated:
Picture of Kimberly-Clark's plant in Jenks. Picture of Kimberly-Clark's plant in Jenks.

Associated Press

DALLAS -- Huggies and Kleenex maker Kimberly-Clark Corporation says its net income fell 8 percent in the third quarter as it continued to struggle with high costs for raw materials.

It also cut its revenue outlook and the high end of its earnings outlook.

Net income fell to $432 million, or $1.09 per share. That was down from $469 million, or $1.14 per share, last year. Adjusted earnings of $1.26 per share were in line with expectations.

Sales were a bright spot. New products, higher prices and strength overseas made up for soft demand in Europe and North America. Revenue rose 8 percent to $5.38 billion. Analysts expected $5.29 billion.

The company, which has a plant in Jenks, Oklahoma says the cost of some raw materials, such as wood pulp, is leveling off.

 

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.