The following is a summary of the Kimberly-Clark De México, S. A. B. De C. V. (KCDMY) Q2 2024 Earnings Call Transcript:
Financial Performance:
Kimberly-Clark de Mexico reported record Q2 net sales of MXN 14.1 billion, a 2.6% increase year-over-year.
EBITDA grew to MXN 4 billion, a 14.8% increase, with a margin improvement to 28.7%.
Net income rose to MXN 2.1 billion, an 18.5% increase, with earnings per share at MXN 0.69.Cost of goods sold decreased by 4%, with cost reduction programs yielding about MXN 400 million in savings.
Business Progress:
Continued strong performance in the Consumer Products segment and significant growth in exports of finished products by 67.7%.
Innovations launched in key product categories like Huggies Diapers and Kotex Fenpatch.
Investments in manufacturing to enhance flexibility in using cost-effective materials.
Opportunities:
Expectation of continued strong sales driven by innovations and commercial execution.
Positive trends expected in tissue parent rolls and exports due to optimizing the North American supply chain.
Risks:
Impact of rising pulp costs and exchange rate fluctuations on financial results.
Persistent competition and price sensitivity in the market could affect volume and margin performance.
More details: KIMBERLY-CLARK DE MEXICO SAB DE CV ADR-REPR 5 ORD'A'NPV IR
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