Kimberly-Clark turns profit
October 24, 2006 By Pulp & Paper Canada
For the first time in eight quarters, Kimberly-Clark saw its profits rise. The company reported a third quarter 5.2…
For the first time in eight quarters, Kimberly-Clark saw its profits rise. The company reported a third quarter 5.2% increase in net sales, to $4.2 billion.
Chairman and CEO Thomas J. Falk said, “We met our commitments again in the third quarter and remain on track with our objectives for the year. I’m encouraged by the continued progress K-C teams are making under our Global Business Plan, particularly in light of the inflationary pressures they’ve had to overcome. We’re focused on the right things — delivering sustainable top- and bottom-line growth, improving ROIC, generating strong cash flow and deploying our cash in shareholder-friendly ways.”
The company cited an increase in sales, compounded by cost reduction measures as responsible for the positive quarter.
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