CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
CBS DFW WEATHER APP: iPhone App Store | Android App Coming Soon | More Information

Local

High Costs Lead To Lower Income For Kleenex Maker

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

IRVING (AP) — Huggies and Kleenex maker Kimberly-Clark Corp. says its net income fell 8 percent in the third quarter as it continued to struggle with high costs for raw materials.

The company, based in Irving, also cut its revenue outlook and the high end of its earnings outlook.

Net income fell to $432 million, or $1.09 per share. That was down from $469 million, or $1.14 per share, last year. Adjusted earnings of $1.26 per share were in line with expectations.

Sales were a bright spot. New products, higher prices and strength overseas made up for soft demand in Europe and North America. Revenue rose 8 percent to $5.38 billion. Analysts expected $5.29 billion.

The company says the cost of some raw materials, such as wood pulp, is leveling off.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

View Comments