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April 21, 2014
10:00 EDTKMBKimberly Clark says on track with capital spending plans to grow business
Says making "good progress" with health-care spin-off activities. Says facing continued headwinds from currency exchange rates and cost inflation. Regarding Venezuela, says FY plan continues to assume some y/yearnings decline due to ongoing uncertainty. Says closely monitoring currency market and overall environment. Says analyzing potential actions to mitigate stranded costs on remaining K-C operations, expects to incur restructuring charges. Comments from slides that will be presented on the Q1 earnings conference call.
News For KMB From The Last 14 Days
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January 26, 2016
08:10 EDTKMBKimberly-Clark weakness creates buying opportunity, says Wells Fargo
Wells Fargo believes that the weakness in Kimberly-Clark's stock yesterday creates a buying opportunity. The firm says that the company's Q4 EPS would have beaten expectations if not for the change in its valuation of its Argentine business. The firm reports that the company's gross margin beat expectations, while its organic sales rose 5%. Wells says that these factors are more important than the company's headline EPS miss, and it expects the stock to rebound "over time." Wells expects the company's 2016 EPS to come in above its guidance, and Wells keeps an Outperform rating on the shares.
January 25, 2016
10:26 EDTKMBKimberly-Clark feels 'pretty optimistic' about Argentina over long-term
10:14 EDTKMBKimberly-Clark sees earnings higher in 2H16 vs. 1H16
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10:01 EDTKMBKimberly-Clark sees FY16 CapEx $950M-$1.05B
Sees cost savings of at least $350M from the company's FORCE program, savings of at least $50M from the 2014 Organization Restructuring. Advertising spending as a percent of net sales is expected to be similar to, or up slightly, compared to 2015. Says total bottom-line drag from currency, including transaction effects, for FY16 to approach 15%. Plans to raise selling prices in some international markets to reduce impact of currency headwinds. Sees commodity cost impact between $100M deflation and $50M inflation. Says expects to continue momentum in 2016. Says "optimistic" about prospects to generate shareholder returns in FY16. Comments from slides that will be presented on the Q4 earnings conference call.
07:37 EDTKMBKimberly-Clark expects dividend to increase in mid-single digits in 2016
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07:36 EDTKMBKimberly-Clark sees FY16 revenue to be down 3% to flat, consensus $18.7B
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07:35 EDTKMBKimberly-Clark expects restructuring program to be completed by end of 2016
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07:34 EDTKMBKimberly-Clark deconsolidated assets and liabilities of Venezuela business
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07:33 EDTKMBKimberly-Clark reports Q4 Personal Care sales down 4% to $2.2B
Reports Q4 Consumer Tissue sales down 6% to $1.5B. Reports Q4 KCP sales down 9% to $800M.
07:33 EDTKMBKimberly-Clark 'optimistic about future'
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07:32 EDTKMBKimberly-Clark sees FY16 adjusted EPS $5.95-$6.15, consensus $6.14
The outlook reflects expectations for 3%-5% organic sales growth, substantial cost savings, relatively benign commodity costs and significantly unfavorable foreign currency exchange rates.
07:31 EDTKMBKimberly-Clark reports Q4 adjusted EPS $1.42, consensus $1.43
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