Kimberly-Clark Q4 Profit Plunges on Charges; Adjusted Net Misses View (KMB)

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Health and hygiene products maker Kimberly-Clark Corp ( KMB ) on Tuesday posted an 18% decline in fourth quarter earnings, hurt by one-time items, and adjusted results still missed expectations.

The Dallas-based company reported fourth quarter net income of $401 million, or $1.01 per share, compared with $492 million, or $1.20 per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.28 per share.

Revenue rose 2% from last year to $5.18 billion.


On average, Wall Street analysts expected a higher profit of $1.30 per share on larger revenue of $5.2 billion.

Looking ahead, the company forecast 2012 full-year earnings of $5 to $5.15 per share, which would miss analyst estimates for $5.23 per share. KMB also said it would buy back $1.1 billion in stock this year, while raising its dividend at a mid-single-digit rate.

Kimberly-Clark shares fell $1.97, or -2.7%, in premarket trading Tuesday.

The Bottom Line
We have been recommending shares of Kimberly-Clark ( KMB ) since July 23, 2009, when the stock was trading at $54.46. The company has a 3.81% dividend yield, based on last night's closing stock price of $73.52.

Kimberly-Clark Corp ( KMB ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.6 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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