The following is a summary of the Kimberly-Clark De México, S. A. B. De C. V. (KCDMY) Q1 2024 Earnings Call Transcript:
Financial Performance:
Kimberly-Clark reported Q1 net sales of MXN 13.8 billion, indicating a 1.8% increase compared to the same period last year.
The company saw improvements in their profit margins, evident from an 18.4% increase in gross profits and an operating margin of 24.7%.
Their EBITDA increased by 19.3%, marking a figure of MXN 3.9 billion, while maintaining an EBITDA margin of 28.2%.
Net income also showed progress at MXN 2.1 billion, marking a 29.1% increase, with earnings per share documented at $0.68.
The company maintained a healthy cash position of MXN 20.2 billion as of the end of March.
Business Progress:
The consumer product business experienced single-digit growth, with volumes up by 0.6% and a price mix of 1.2%.
The Professional area exhibited mid-single-digit growth, showing a volume increase by 5.3%.
The cost reduction strategies of the company resulted in MXN 360 million savings.
The company declared a 15% dividend increase and a share repurchase plan of up to MXN 1 billion.
There is an ongoing focus on innovation and market expansion, alongside improving efficiency in distribution logistics.
More details: KIMBERLY-CLARK DE MEXICO SAB DE CV ADR-REPR 5 ORD'A'NPV IR
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