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K-C reports first quarter sales.

For the first quarter ended March 31, Kimberly-Clark, Dallas, TX, reported net sales of $1.7 billion, a 2.2% drop from the same period last year. Net income for the first quarter decreased 5.5% from last year to $124.8 million, with weak consumer and industrial markets in some areas and a continued diaper price war contributing to the lower income levels.

Highlights for the quarter included the introduction of "Huggies Pull-Ups" to the Canadian market and the announcement that the Bartonupon-Humber, U.K. facility will begin manufacturing and distributing training pants to the U.K. and Netherlands markets in the second quarter of this year.

In other news at the company, Richard Auchter, executive vice president with management responsibility for infant and child care businesses, retired on July 1 after 35 years with the company. He was succeeded by Thomas Falk, who had been senior vice president of analysis and administration.
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Title Annotation:Kimberly-Clark
Publication:Nonwovens Industry
Date:Jul 1, 1993
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