Earnings release
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● Kimberly - Clark KIMBERLY - CLARK ANNOUNCES SECOND QUARTER 2021 RESULTS DALLAS , July 23 , 2021 - Kimberly - Clark Corporation ( NYSE : KMB ) today reported second quarter 2021 results . Executive Summary ● Terry Balluck 972-281-1397 media.relations@kcc.com Second quarter 2021 net sales of $ 4.7 billion increased 2 percent compared to the year - ago period , with an organic sales decline of 3 percent . Diluted net income per share for the second quarter was $ 1.19 in 2021 and $ 1.99 in 2020 . Second quarter adjusted earnings per share were $ 1.47 in 2021 compared to $ 2.20 in 2020. Adjusted earnings per share exclude certain items described later in this news release . Diluted net income per share for 2021 is anticipated to be $ 6.00 to $ 6.50 . The company is now targeting full - year 2021 organic sales decline of 0 to 2 percent and adjusted earnings per share of $ 6.65 to $ 6.90 . The prior outlook was for organic sales growth of 0 to 1 percent and adjusted earnings per share of $ 7.30 to $ 7.55 . The updated earnings outlook reflects significantly higher input cost inflation and lower sales volumes , partially offset by additional cost savings and reduced discretionary spending . Chairman and Chief Executive Officer Mike Hsu said , " Our second quarter reflects continued pandemic driven volatility . We are facing significantly higher input costs and a reversal in consumer tissue volumes from record growth in the year ago period as consumers and retailers in North America continued to reduce home and retail inventory . While we look forward to a return to a more normalized environment , we have moved decisively to take pricing actions to mitigate inflationary headwinds and continue to prudently manage costs . We remain confident in our strategy and in our fundamental brand performance . Our personal care business is performing well , and we continue to improve our market positions in key markets and realize robust growth across Developing and Emerging Markets . " Hsu continued , " We will continue to execute K - C Strategy 2022. While our updated outlook reflects a more challenging near - term environment , we are taking appropriate actions and remain confident in our strategies to create long - term shareholder value . "