The pandemic-induced demand translated into promising results for the company
One of the most known American personal care corporations, Kimberly-Clark, which manufactures mostly paper-based products, unveiled its Q4 earnings earlier today.
The Texas-based company reported an adjusted EPS of $1.69, topping the estimates by 9 cents. At the same time, it reported revenues of $4.84 billion, higher than the $4.73 billion anticipated. The numbers came in and are expected to continue to top the expectations given the pandemic-induced surge in demand.
Moreover, Kimberly-Clark announced that it would increase its quarterly dividend from $1.07 per share to $1.14.
Following the report, Kimberly-Clark stock price added 1.67%. Since the beginning of the year, the company’s shares are down 1%.
Sources: cnbc.com, investing.com