Kimberly-Clark Corporation publishes fiscal first-quarter results
April 29, 2010
IRVING, TX — Kimberly-Clark Corporation recently released its 2010 fiscal first-quarter figures, which include a 7.6 percent increase in net sales over the past year''s quarter, according to a press release.
Sales for the three-month period reached $4.8 billion as Kimberly-Clark''s health care, personal care and consumer product divisions all witnessed growth, the release stated.
According to the release, Kimberly-Clark''s acquiring of I-Flow Corporation and Jackson Safety last year contributed to the period''s sales performance.
Thomas Falk, chairman and chief executive officer (CEO) of Kimberly-Clark, said: "We strengthened our brands by launching a number of innovations in the first quarter and by significantly increasing strategic marketing spending. [This is a] solid start to the year."
Kimberly-Clark detailed plans to launch a number of consumer health and hygiene products over the coming year, which are poised to increase the company''s bottom line, the release noted.
Though sales increased, Kimberly-Clark posted a profit of $384 million, down from $407 million in the year-ago quarter, the release added.
Click here to read the complete release.