Kimberly-clark announces first quarter 2020 results

Kimberly-clark announces first quarter 2020 results.q1 adjusted earnings per share $2.13.q1 sales $5.0 billion versus refinitiv ibes estimate of $4.89 billion.q1 earnings per share estimate $1.97 -- refinitiv ibes data.q1 earnings per share $1.92.withdrawing its previous full-year 2020 financial outlook due to uncertainty related to covid-19 pandemic.qtrly personal care segment sales of $2.4 billion increased 6 percent.qtrly consumer tissue segment sales of $1.7 billion increased 13 percent.changes in foreign currency exchange rates reduced sales by 2 percent in quarter.as a result of outbreak of covid-19, now expects that some restructuring activity and related charges will extend into 2021.kimberly-clark-restructuring charges to implement program are expected to be toward high end of prior estimated range of $1,700 to $1,900 million pre-tax.continues to expect restructuring program will generate annual pre-tax cost savings of $500 to $550 million.temporarily suspending its share repurchase program effective april 24, 2020 for at least remainder of q2.kimberly-clark - through q1 of 2020, has incurred cumulative restructuring charges of $1,495 million pre-tax.through q1 of 2020, has generated cumulative savings of $325 million.increased consumer demand for products, strong execution by co's teams is reflected in our q1.expect that co will resume guidance when environment stabilizes.
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