Kimberly-Clark sales remain flat
Kimberly-Clark Corporation said its second quarter 2019 net sales of $4.6 billion were even with the year-ago period.
Organic sales increased 5 percent while changes in foreign currency exchange rates reduced sales by 5 percent.
Net income of $485 million, or $1.40 per diluted share, compared to $455 million, or $1.30, in the same period last year.
In the K-C Professional segment, second quarter sales of $0.8 billion decreased 5 percent. Changes in currency rates reduced sales by 4 percent and business exits in conjunction with the 2018 Global Restructuring Program reduced sales 2 percent.
Sales in North America were even year-on-year. Net selling prices increased 2 percent while business exits in conjunction with the 2018 Global Restructuring Program reduced sales 2 percent.