(Source: Datamonitor)
Kimberly-Clark, a manufacturer of health and hygiene products, has reported a net income attributable to the company of $582 million, or $1.4 per diluted share, for the third quarter ended September 30, 2009, up 40.9%, compared to $413 million, or $0.99 per diluted share, for the same quarter of 2008.
For the third quarter of 2009, net sales were $4.91 billion, down 1.7%, compared to $5 billion for the third quarter of 2008.
For the first nine months of 2009, net sales were $14.13 billion, down 4.6%, compared to $14.82 billion for the same period of 2008. Net income attributable to the company was $1.39 billion, or $3.35 per diluted share, up 9.5%, compared to $1.27 billion, or $3.02 per diluted share, for the same period of 2008.
Thomas Falk, chairman and CEO of Kimberly-Clark, said: "We delivered outstanding third quarter results in a challenging environment, while maintaining a strong focus on doing what's right to sustain our long-term growth.
"Third quarter performance was highlighted by strong margin expansion in each of our four business segments, record earnings per share and excellent cash flow. We realized sizable benefits from improved net realized revenue, and our strategy of driving efficiency in every aspect of our operations led to another quarter of significant cost reductions as well as overhead efficiencies."
A service of YellowBrix, Inc.
