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K-C reports results.

Fourth quarter and year-end financial results were reported by Kimberly-Clark, Dallas, TX. In yearly comparisons, 1992 sales rose 4.6% to $7.1 billion, while income dropped 73% to $135 million. The drop in income is the result of a one time charge that K-C chose to accept to accrue the costs of retirees' and current employees' future health benefits after retirement. Without the charge, year end income would have been 9.4% higher, increasing to $534.0 million.

In addition, fourth quarter figures were also reported, with sales increasing 4.8% to $1.8 billion over the same period last year while income posted a net loss of $55.8 million, reflective of the restructuring charge. Excluding the surcharge, income would have increased by 1.5% to $120.5 million.
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Title Annotation:Kimberly-Clark's earnings
Publication:Nonwovens Industry
Article Type:Brief Article
Date:Mar 1, 1993
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