Kimberly-Clark sales edged up 1 percent
Kimberly Clark reported second quarter 2018 net sales of $4.6 billion increased 1 percent compared to the year-ago period.
Changes in foreign currency exchange rates benefited sales by 1 percent. Organic sales were even year-on-year. Net income of $455 million, or $1.30 per diluted share, compared to $531 million, or $1.49 in last year's second quarter.
In the K-C Professional segment, sales of $0.9 billion increased more than 3 percent.
Sales in North America increased 2 percent. Volumes were up 2 percent, with growth in all major product categories.
In January 2018, Kimberly-Clark initiated the 2018 Global Restructuring Program in order to reduce the company's structural cost base.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
