Kimberly-Clark Corporation reported a net sales figure of $20.1 billion for the fiscal year ending December 31, 2024, reflecting a decline of 1.8% compared to $20.4 billion in 2023. The decrease was primarily attributed to unfavorable currency impacts and divestitures, although organic sales increased by 3.2%, driven by higher pricing and volume gains. Operating profit surged to $3.2 billion, a 36.9% increase from the previous year, while net income attributable to Kimberly-Clark rose by 44.3% to $2.5 billion. This growth was bolstered by improved gross margins and a significant gain from the sale of the personal protective equipment (PPE) business.
In 2024, Kimberly-Clark undertook a strategic transformation initiative aimed at enhancing operational efficiency and profitability. This initiative involved a realignment of the company's internal structure into three reportable segments: North America, International Personal Care, and International Family Care and Professional. The transformation is expected to yield approximately $3 billion in gross productivity savings by the end of 2026, with total costs anticipated to be around $1.5 billion. The company also reported a workforce reduction of 4% to 5% as part of this initiative.
Operationally, Kimberly-Clark's North America segment generated $11 billion in sales, a slight increase from the previous year, while the International Personal Care segment saw a 3.1% decline in sales to $5.7 billion, impacted by unfavorable currency effects. The International Family Care and Professional segment experienced a 5.9% drop in sales to $3.3 billion, primarily due to divestitures. The company maintained a strong focus on its largest customer, Walmart, which accounted for approximately 14% of consolidated net sales in 2024.
The company reported a total employee headcount of approximately 38,000 as of December 31, 2024, with about 35% based in North America. Kimberly-Clark's commitment to sustainability and corporate responsibility remains a priority, with ongoing initiatives aimed at reducing environmental impact and enhancing community engagement. Looking ahead, Kimberly-Clark plans to continue executing its Powering Care growth strategy, focusing on innovation, margin optimization, and organizational agility to drive future growth and shareholder value.
About KIMBERLY CLARK CORP
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