KIMBERLY CLARK CORP [KMB] has reported a net loss of $1.8 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $20.4 billion
Based in Dallas, Texas, KIMBERLY CLARK CORP operates in the MANUFACTURING sector.
In the annual report ending on December 31, 2023, Kimberly-Clark Corporation reported a net sales figure of $20.43 billion, showing a slight increase from the previous year's $20.18 billion and a more substantial growth compared to $19.44 billion in 2021.
Cost of products sold for 2023 amounted to $13.40 billion, lower than the $13.96 billion in 2022 and $13.45 billion in 2021. This led to a gross profit of $7.03 billion in 2023, up from $6.22 billion in 2022 and $5.99 billion in 2021.
Operating profit for 2023 was $2.34 billion, a decrease from $2.68 billion in 2022 but higher than $2.56 billion in 2021. The company reported a net income of $1.76 billion in 2023, down from $1.96 billion in 2022 but still higher than $1.84 billion in 2021.
Earnings per share (EPS) for basic calculations in 2023 were $5.22, a decrease from $5.73 in 2022 and slightly below $5.38 in 2021. Diluted earnings per share for 2023 were $5.21, compared to $5.72 in 2022 and $5.35 in 2021.
The impairment of intangible assets excluding goodwill was reported at $658 million in 2023, with no such impairment recorded in the previous years.
Overall, Kimberly-Clark Corporation saw a mix of financial performance in 2023 compared to the previous years, with fluctuations in sales, profits, and earnings per share metrics.
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