Key Developments: Kimberly-Clark Corp (KMB)
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24 May 2013
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$102.54
$102.51
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$106.54
$77.80
Latest Key Developments (Source: Significant Developments)
Kimberly-Clark Corp Declares Quarterly Dividend
Kimberly-Clark Corp announced that it has declared a regular quarterly dividend of $.81 cents per share. The dividend is payable on July 2, 2013 to stockholders of record on June 7, 2013. Full Article
Kimberly-Clark Corp Raises FY 2013 EPS Guidance; Comments On FY 2014 Charge Guidance
Kimberly-Clark Corp updates it fiscal 2013 guidance and expects Adjusted earnings per share (EPS) to be in the range of $5.60 to $5.75 versus previous range of $5.50 to $5.65. Restructuring costs will be incurred through fiscal 2014 and are currently expected to total $300 to $350 million after tax ($350 to $400 million pre-tax). The previous estimate was for total costs of $250 to $350 million after tax ($300 to $400 million pre-tax). Cash costs are projected to be approximately 50 to 60% of the total charges, unchanged from prior estimates. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $5.59 for fiscal 2013. Full Article
Kimberly-Clark Corp Acquires Anesthesia Business From Life-Tech
Kimberly-Clark Corp announced the acquisition of the anesthesia business of Life-Tech, Inc., a Texas -based medical device manufacturer. The acquisition is comprised of needles, catheters and accessories associated with peripheral nerve block (PNB) procedures. The newly acquired assets will become part of Kimberly-Clark's Health Care business and will be added to K-C Health Care's ON-Q family of products. Other business segments of Life-Tech are not included in this transaction. The financial details of the transaction are not being disclosed. Full Article
Kimberly-Clark Corp Announces 9.5% Dividend Increase
Kimberly-Clark Corp announced that its board of directors has approved a dividend increase of 9.5%. This will bring the quarterly dividend to 81 cents per share, up from 74 cents per share in 2012. Full Article
Kimberly-Clark Corp Issues FY 2013 Guidance In Line With Analysts' Estimates
Kimberly-Clark Corp announced that for fiscal 2013, it expects net sales increase of flat to 3% and organic sales are expected to grow 3% to 5%. The Company adjusted operating profit growth of 3% to 6% and adjusted earnings per share (EPS) in a range of $5.50-$5.65, up 5% to 8% compared to adjusted earnings per share of $5.25 in 2012. The Company reported revenue of $21.063 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $21.19 billion and EPS of $5.58 for fiscal 2013. Full Article
Kimberly-Clark Corp Declares Quarterly Dividend
Kimberly-Clark Corp announced that the Board of Directors has declared a regular quarterly dividend of $0.74 per share. The dividend is payable on January 3, 2013 to stockholders of record on December 7, 2012. Full Article
Kimberly-Clark Corporation Declares Quarterly Dividend
Kimberly-Clark Corporation announced that the Board of Directors has declared a regular quarterly dividend of $0.74 per share. The dividend is payable on October 2, 2012 to stockholders of record on September 7, 2012. Full Article
Kimberly-Clark Corporation Increases Share Repurchase Targets
Kimberly-Clark Corporation announced that it has increased full-year 2012 share repurchase target to $1.3 billion compared to its previous plan of $900 million to $1.1 billion, reflecting expectations for additional excess cash flow. Full Article
Kimberly-Clark Corporation Raises FY 2012 EPS Guidance
Kimberly-Clark Corporation announced that adjusted earnings per share (EPS) in fiscal 2012 are anticipated to be $5.05 to $5.20 versus the Company's previous target of $5.00 to $5.15. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $5.15 for fiscal 2012. Full Article
Kimberly-Clark Corporation Declares Quarterly Dividend
Kimberly-Clark Corporation announced that its Board of Directors has declared a regular quarterly dividend of $0.74 per share. The dividend is payable on July 3, 2012 to stockholders of record on June 8, 2012. Full Article
Kimberly-Clark benefits from rival's problems, severe flu
- Kimberly-Clark Corp posted a bigger-than-expected jump in first-quarter earnings and raised its forecast for the year on Friday as the maker of Kleenex tissues got a boost from a severe flu season and a toilet paper rival's supply problems.
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