Kimberly-Clark reports a flat fourth-quarter profit
January 26, 2011
DALLAS — Kimberly-Clark Corporation reported flat fourth-quarter net income, while its personal care and tissue revenue increased, according to BusinessWeek.
The parent company of Kimberly-Clark Professional also unveiled plans to restructure its pulp and tissue business, the article noted.
According to the article, Kimberly-Clark also raised its dividend six percent Tuesday and plans to buy back $1.5 billion in shares this year.
The company said the restructuring will involve selling, streamlining or closing five to six manufacturing plants, but did not say how many jobs the process would affect, the article stated.
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