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Operational Challenges - The company has significantly curtailed media, advertising, and promotional activities in Russia due to the ongoing war in Ukraine, impacting operations and potentially leading to asset impairment [49]. - The COVID-19 pandemic has caused significant volatility in demand for the company's products, affecting manufacturing and supply chain operations [50]. - The company faces risks related to supply chain disruptions, including natural disasters, labor strikes, and geopolitical instabilities, which could adversely affect financial results [52]. - The company is experiencing a tight labor market, which could lead to increased turnover and costs associated with attracting and retaining key personnel [64]. - Intense competition and changing consumer preferences may adversely affect the company's financial results, necessitating increased marketing efforts [65][66]. - The company is dependent on key retailers, and changes in their policies or loss of significant customers could negatively impact financial performance [69]. - The company faces risks from changes in energy prices and availability, which could impact manufacturing and transportation costs [210]. Financial Management - The company is implementing plans to achieve cost reductions and expects ongoing savings from continuous improvement activities, although success is not guaranteed [55]. - The company may pursue acquisitions or divestitures of product lines, which could impact financial results and operational focus [56][57]. - Disruptions in credit markets or changes in credit ratings could adversely affect the company's access to financing and increase borrowing costs [59][60]. - New or revised laws and regulations may increase compliance costs, potentially impacting financial results negatively [72]. - Interest rate risk is managed through a mix of variable and fixed-rate debt, with a 10% decrease in interest rates potentially increasing the fair value of unhedged fixed-rate debt by approximately $347 [208]. - The company actively monitors credit risk with counterparties in derivative transactions, which is not considered significant due to diversification [199]. Market and Economic Risks - Climate change and sustainability concerns may lead to increased costs and regulatory requirements, impacting the company's operations [62][63]. - The company is exposed to foreign currency exchange rate risks, with a 10% unfavorable change in exchange rates not materially affecting consolidated financial position as of December 31, 2023 [203]. - As of December 31, 2023, a 10% unfavorable change in foreign currency exchange rates would have reduced stockholders' equity by approximately $600, but this is not considered material [206]. - Commodity price risk is significant, particularly related to pulp and petroleum-based materials, which could adversely affect earnings if selling prices do not adjust accordingly [209]. - The company employs strategic pricing mechanisms to manage volatility in commodity costs, although derivative instruments have not been used for this purpose [209]. - The company utilizes derivative instruments for risk management purposes, primarily for foreign currency and interest rate risks, but not for speculation [199]. Inflation and Accounting - The company has adopted highly inflationary accounting for operations in Argentina and Türkiye, with immaterial net monetary positions as of December 31, 2023 [204][205].

Kimberly-Clark Corporation (NYSE:KMB) Q4 2023 Earnings Conference Call January 24, 2024 8:30 AM ET Company Participants Chris Jakubik - Head of Investor Relations Mike Hsu - Chairman and Chief Executive Officer Nelson Urdaneta - Chief Financial Officer Conference Call Participants Dara Mohsenian - Morgan Stanley Lauren Lieberman - Barclays Jason English - Goldman Sachs Anna Lizzul - Bank of America Steve Powers - Deutsche Bank Andrea Teixeira - JPMorgan Chris Jakubik Hello. This is Chris Jakubik, Head of In ...

a dille de to 0000000 o o a bo 0 0 Safe Harbor Certain matters contained in this presentation concerning the outlook, anticipated financial and operating results, raw material, energy and other input costs, anticipated currency rates and exchange risks, including in Argentina and Türkiye, net income from equity companies, sources and uses of cash, the effective tax rate, the anticipated cost savings from the company's FORCE program, growth initiatives, product innovations, contingencies and anticipated tran ...

Financial Data and Key Metrics Changes - The company reported net sales of $5.1 billion, an increase of 2% year-over-year, with organic sales up 5% [13] - Gross margin increased by 530 basis points to 35.8%, exceeding pre-pandemic levels [30][68] - Operating profit rose by 18%, and adjusted earnings per share grew by 24% to $1.74 [36] Business Line Data and Key Metrics Changes - Personal Care segment saw a 7% organic sales increase, with volume growth of 2% for the first time in five quarters [9][34] - Consumer Tissue organic growth was 2%, with North America delivering 4% organic growth [14] - K-C Professional business posted 4% organic growth, with operating margin improving by 550 basis points [35] Market Data and Key Metrics Changes - In North America, organic sales were up 7%, with volume up 3% [30] - China experienced double-digit growth in both organic sales and volume, despite category softness [10] - The company improved market shares in key markets, with significant gains in the U.K. and China [31] Company Strategy and Development Direction - The company is focused on driving innovation and commercial programming rather than outspending competitors [1][2] - Continued investment in brand communications and technology is expected to attract more consumers and increase usage occasions [32] - The company aims to enhance margins through disciplined revenue management and productivity programs [70][79] Management's Comments on Operating Environment and Future Outlook - Management raised the full-year outlook, expecting organic sales growth of 4% to 5% and adjusted earnings per share growth of 15% to 17% [18][37] - The cost environment remains mixed, with input cost headwinds expected to be approximately $50 million [17] - Management remains cautious about currency volatility impacting future performance [70] Other Important Information - The company generated $2.3 billion in cash flow from operations in the first nine months of the year [16] - Capital spending is expected to be approximately $800 million for the year [16] - The company returned $1.3 billion to shareholders through dividends and share repurchases [16] Q&A Session Summary Question: Can you provide insights on carryover pricing into 2024? - Management indicated that while there may be some carryover from pricing actions, it is not expected to be a significant driver for next year [87] Question: What is the outlook for commodity costs? - The company expects modest tailwinds from input costs going forward, with some increases in resin-based materials and energy costs anticipated [62][63] Question: How is the company managing promotional levels in North America? - Management noted that trade promotions are used to drive trial for new items, and promotional levels remain below 2019 levels [74] Question: What is the strategy for margin enhancement moving forward? - The company aims to continue enhancing margins through disciplined commercial programming and innovation, with a focus on sustainable growth [77][79]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-225 (State or other jurisdiction of incorporation) KIMBERLY-CLARK CORPORATION (Exact name of registrant as s ...

Summary of Kimberly-Clark Corporation Conference Call Company Overview - **Company**: Kimberly-Clark Corporation (NYSE: KMB) - **Date**: September 6, 2023 - **Participants**: - Mike Hsu - Chairman and Chief Executive Officer - Nelson Urdaneta - Chief Financial Officer Key Points Industry and Market Growth - **Category Growth Expectations**: The company anticipates stable growth over the next three to five years, with historical organic growth accelerating from approximately 1% to 4% since the CEO's tenure began [2][3] - **Macro Headwinds**: Previous challenges included the global pandemic, war, and supply chain disruptions, which are largely behind the company now [3][4] - **Emerging Markets Potential**: Significant growth opportunities exist in developing markets like Indonesia and Brazil, where penetration and affordability are still developing [4][5] Financial Performance and Strategy - **Long-term Growth Projections**: The company aims for low single-digit growth in its categories, with a focus on gaining market share [6][7] - **K-C 2022 Strategy**: Launched in January 2019, the strategy focuses on elevating categories, expanding markets, and maintaining financial discipline. The company has faced unexpected challenges, including a global pandemic and war, impacting its growth objectives [19][20] - **Gross Margin Recovery**: The company achieved a gross margin of 34% in Q2 2023, with plans to reach 35% soon. This represents a recovery of 400 basis points from the low point at the end of 2021 [22][23] Competitive Landscape - **Market Share Performance**: The company acknowledges that its market shares, particularly in North America, have not met expectations. Pricing strategies have impacted share growth, and the company is focused on improving execution in innovation and advertising [38][39] - **Promotion Strategy**: The CEO emphasizes a preference for sustainable growth through product improvement rather than excessive promotions, which can dilute margins [41][42] Regional Insights - **China Market**: The company has successfully premiumized its product offerings in China, achieving high single-digit to low double-digit growth in recent years [29][30] - **Indonesia Acquisition**: The acquisition of Softex has faced challenges due to COVID-19 impacts and previous management practices. However, the company remains optimistic about Indonesia's long-term growth potential [46][48] Innovation and Product Development - **Focus on Premiumization**: The company aims to enhance product quality and address unmet consumer needs, particularly in essential categories like diapers and feminine care [14][16] - **Investment in Capabilities**: Investments in revenue growth management and commercial capabilities are seen as critical to driving future growth and margin expansion [31][33] Conclusion - **Outlook**: Kimberly-Clark is navigating a complex macro environment while focusing on long-term growth strategies, premiumization, and operational improvements to enhance its market position and financial performance [12][20][34]

Kimberly-Clark Corporation (NYSE:KMB) Q2 2023 Earnings Conference Call July 25, 2023 8:30 AM ET Company Participants Christina Cheng - Investor Relations Michael Hsu - Chairman and Chief Executive Officer Nelson Urdaneta - Chief Financial Officer Conference Call Participants Lauren Lieberman - Barclays Javier Escalante - Evercore Chris Carey - Wells Fargo Dara Mohsenian - Morgan Stanley Nik Modi - RBC Capital Markets Anna Lizzul - Bank of America Andrea Teixeira - JPMorgan Jason English - Goldman Sachs Pete ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 1-225 KIMBERLY-CLARK CORPORATION (Exact name of registrant as specified in its charter) Delaware 39-0394230 (State or ...

2Q 2023 Earnings Conference Call There can be no assurance that these future events will occur as anticipated or that the company's results will be as estimated. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to publicly update them. For a description of certain factors that could cause the company's future results to differ from those expressed in any such forward-looking statements, see Item 1A entitled "Risk Factors" in the company's Annual Report on F ...