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Kimberly-Clark.


Second quarter results were recently released for roll goods producer Kimberly-Clark, Dallas, TX. Sales of $3.15 billion for the second quarter were up 3.5% compared to 1998's $3.04 billion. Net income rose 48.7% from $263 million in 1998's second quarter to $391.1 for this year. First half sales amounted to $6.3 billion, a 3% raise compared to $6.1 billion during 1998's comparable period. Earnings also rose during the first half of 1999, from $510.9 million to $767.4 million, a 50.2% increase. Sales in the Personal Care segment--including disposable baby diapers, feminine and incontinence products--increased 11% from $1.2 billion in 1998 to $1.3 billion this year. The Health Care and Other Divisions--including surgical packs and gowns, sterilization wraps and disposable face masks--experienced a decrease in sales by 16.2%, from 1998's $277 million to $232.2 million in 1999. K-C reported that the overall improvements in results were driven by new and improved products in the company's global personal care bu siness.

COPYRIGHT 1999 Rodman Publications, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

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Publication:Nonwovens Industry
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 1999
Words:173
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