Q1 2026 Kimberly-Clark Corp Earnings Call Transcript
Key Points
- Kimberly-Clark Corp (KMB) reported solid organic sales growth with a 3% increase in volume and mix, building on two consecutive years of growth.
- The company is gaining market share in key areas such as Baby Care, Women's Health, and Active Aging.
- Kimberly-Clark Corp (KMB) is delivering industry-leading productivity, enabling continued investment in product quality and marketing.
- The company has a strong pipeline of productivity initiatives, achieving 6% gross productivity in the first quarter.
- Kimberly-Clark Corp (KMB) is well-positioned to integrate Kenvue brands and businesses, aiming to create a preeminent health and wellness leader.
- Kimberly-Clark Corp (KMB) faces potential cost pressures from rising oil prices, which could impact full-year earnings.
- The company is dealing with a $20 million top-line impact from a distribution center fire in California, affecting North American operations.
- There is uncertainty regarding the impact of ongoing geopolitical tensions and commodity price volatility on future costs.
- Kimberly-Clark Corp (KMB) anticipates a slight decline in organic sales growth in the second quarter due to strong prior-year comparisons and the distribution center fire.
- The company is navigating a promotional industry environment in North America, which could affect pricing strategies and margins.
Good morning, everyone. This is Chris Jakubik, Head of Investor Relations at Kimberly-Clark, and thank you for joining us. I'd like to remind everyone that during our comments today, we will make some forward-looking statements that are based on how we see things today. Actual results may differ due to risks and uncertainties, and these are discussed in our earnings release and our filings with the SEC.
We will also discuss some non-GAAP financial measures during these remarks. These non-GAAP financial measures should not be considered a replacement for and should be read together with GAAP results. And you can find the GAAP to non-GAAP reconciliations within our earnings release and the supplemental materials posted at investor.kimberly-clark.com.
With that, I will turn it over to Mike for a few opening comments.
Okay. Thank you, Chris, and thanks to everyone for joining us this morning. Our first
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