Kimberly-Clark Corp. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Kimberly-Clark Corp. has filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing financial performance and disclosures.</b>

AI Summary

KIMBERLY CLARK CORP (KMB) filed a Quarterly Report (10-Q) with the SEC on April 23, 2024. Kimberly-Clark Corp. filed its 10-Q report for the quarterly period ended March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. Key financial statement information and disclosures are included in this report. The company's principal business is converted paper and paperboard products (no containers/boxes). The filing includes data related to common stock, additional paid-in capital, treasury stock, retained earnings, and accumulated other comprehensive income for various periods.

Why It Matters

For investors and stakeholders tracking KIMBERLY CLARK CORP, this filing contains several important signals. This 10-Q filing provides investors and analysts with the latest financial data and operational insights for Kimberly-Clark Corp. for the first quarter of 2024. Understanding the company's financial position and performance in this report is crucial for assessing its current health and future prospects in the paper products industry.

Risk Assessment

Risk Level: medium — KIMBERLY CLARK CORP shows moderate risk based on this filing. The company operates in the converted paper and paperboard products sector, which can be subject to market fluctuations and raw material cost volatility. Specific geographic risks related to Argentina and Turkey are also noted, indicating potential exposure to regional economic instability.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-Q to assess Kimberly-Clark's performance and potential challenges in the current market environment.

Key Numbers

• 2024-03-31 — Period of Report (CONFORMED PERIOD OF REPORT)
• 2024-04-23 — Filed As Of Date (FILED AS OF DATE)
• 2024-01-01 — Quarter Start Date (10-Q kmb-20240331)
• 2024-03-31 — Quarter End Date (10-Q kmb-20240331)

Key Players & Entities

• KIMBERLY CLARK CORP (company) — FILER
• 2670 (dollar_amount) — STANDARD INDUSTRIAL CLASSIFICATION
• DE (company) — STATE OF INCORPORATION
• TX (company) — STATE
• 351 PHELPS DRIVE (company) — STREET 1
• IRVING (company) — CITY
• DFW AIRPORT STATION (company) — STREET 2
• DALLAS (company) — CITY

FAQ

Risk Factors

• Geographic Concentration Risk [medium — market]: Sales are concentrated in specific geographic regions, including Argentina and Turkey, which exposes the company to risks associated with economic and political conditions in those areas.

Industry Context

Kimberly-Clark operates in the converted paper and paperboard products industry, a sector that includes consumer staples like tissue and paper towels, as well as professional and industrial paper products.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.

What Investors Should Do

1. Analyze the detailed financial statements within the 10-Q for revenue, net income, and other key performance indicators.
2. Examine the risk factors section for specific details on geographic concentration and other potential business risks.
3. Compare the current quarter's financial data with previous periods to identify trends and performance changes.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a continuing disclosure of financial performance. (This filing provides the latest quarterly financial information for Kimberly-Clark Corp.)

Year-Over-Year Comparison

This is the initial filing for the first quarter of 2024, providing a baseline for comparison with subsequent reports.

Filing Documents

• kmb-20240331.htm (10-Q) — 859KB
• kmb10qq12024exhibit31a.htm (EX-31.A) — 10KB
• kmb10qq12024exhibit31b.htm (EX-31.B) — 10KB
• kmb10qq12024exhibit32a.htm (EX-32.A) — 5KB
• kmb10qq12024exhibit32b.htm (EX-32.B) — 5KB
• kmb-20240331_g1.jpg (GRAPHIC) — 68KB
• 0000055785-24-000054.txt (&nbsp;) — 4778KB
• kmb-20240331.xsd (EX-101.SCH) — 38KB
• kmb-20240331_cal.xml (EX-101.CAL) — 57KB
• kmb-20240331_def.xml (EX-101.DEF) — 180KB
• kmb-20240331_lab.xml (EX-101.LAB) — 395KB
• kmb-20240331_pre.xml (EX-101.PRE) — 290KB
• kmb-20240331_htm.xml (XML) — 536KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION 1

Financial Statements

Item 1. Financial Statements 1 UNAUDITED CONSOLIDATED INCOME STATEMENTS FOR THE THREE MONTHS ENDED MARCH 3 1 , 202 4 AND 20 2 3 1 UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED MARCH 3 1 , 202 4 AND 20 2 3 2 CONSOLIDATED BALANCE SHEETS AS OF MARCH 3 1 , 202 4 (UNAUDITED) AND DECEMBER 31, 202 3 3 UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY FOR THE THREE MONTHS ENDED MARCH 3 1 , 202 4 AND 20 2 3 4 UNAUDITED CONSOLIDATED CASH FLOW STATEMENTS FOR THE THREE MONTHS ENDED MARCH 3 1 , 202 4 AND 20 2 3 5 NOTES TO THE UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 15

Controls and Procedures

Item 4. Controls and Procedures 22

– OTHER INFORMATION

PART II – OTHER INFORMATION 23

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23

Other Information

Item 5. Other Information 23

Exhibits

Item 6. Exhibits 24

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS (Unaudited) Three Months Ended March 31 (Millions of dollars, except per share amounts) 2024 2023 Net Sales $ 5,149 $ 5,195 Cost of products sold 3,238 3,469 Gross Profit 1,911 1,726 Marketing, research and general expenses 1,039 924 Other (income) and expense, net 19 15 Operating Profit 853 787 Nonoperating expense ( 15 ) ( 16 ) Interest income 10 7 Interest expense ( 67 ) ( 73 ) Income Before Income Taxes and Equity Interests 781 705 Provision for income taxes ( 184 ) ( 173 ) Income Before Equity Interests 597 532 Share of net income of equity companies 61 43 Net Income 658 575 Net income attributable to noncontrolling interests ( 11 ) ( 9 ) Net Income Attributable to Kimberly-Clark Corporation $ 647 $ 566 Per Share Basis Net Income Attributable to Kimberly-Clark Corporation Basic $ 1.92 $ 1.68 Diluted $ 1.91 $ 1.67 See notes to the unaudited interim consolidated financial statements. 1 KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) Three Months Ended March 31 (Millions of dollars) 2024 2023 Net Income $ 658 $ 575 Other Comprehensive Income (Loss), Net of Tax Unrealized currency translation adjustments ( 149 ) 93 Employee postretirement benefits 11 ( 8 ) Cash flow hedges and other 63 ( 78 ) Total Other Comprehensive Income (Loss), Net of Tax ( 75 ) 7 Comprehensive Income 583 582 Comprehensive (income) loss attributable to noncontrolling interests ( 8 ) ( 8 ) Comprehensive Income Attributable to Kimberly-Clark Corporation $ 575 $ 574 See notes to the unaudited interim consolidated financial statements. 2 KIMBERLY-CLARK CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (2024 Data is Unaudited) (Millions of dollars) March 31, 2024 December 31, 2023 ASSETS Current Assets Cash and cash equivalents $ 853 $ 1,093 Accounts receivable, net 2,383

View Full Filing

View this 10-Q filing on SEC EDGAR