Kimberly-Clark (KMB) official guidance

For adjusted EPS attributable to total Kimberly-Clark, we expect to be largely in line with 2025 levels on a constant currency basis.

Adjusted Earnings Per Share Attributable to Kimberly-Clark are expected to be flat on a constant-currency basis reflecting a reduction in Income from Discontinued Operations in line with the expected close of the IFP transaction in mid-2026, the proceeds from which will be held to fund, in part, the Kenvue acquisition.

For Adjusted EPS attributable to total Kimberly-Clark, we expect to be in line with 2025 levels on a constant currency basis.

Adjusted Earnings Per Share attributable to Kimberly-Clark are expected to be flat on a constant-currency basis reflecting a reduction in Income from Discontinued Operations in line with the expected close of the IFP transaction in mid-2026, the proceeds from which will be held to fund, in part, the Kenvue acquisition.

For adjusted EPS growth from continuing operations on a constant currency basis, we expect double-digit growth as the close of the IFP transaction results in an approximately 40% increase in income from equity companies for the full year.

Adjusted Earnings Per Share from Continuing Operations are expected to grow at a double-digit rate on a constant-currency basis driven by an approximately 40 percent increase in income from equity companies versus 2025, expectations of flat net interest expense, an Adjusted Effective Tax Rate of approximately 23 percent, and average shares outstanding essentially unchanged versus 2025.

For Adjusted EPS growth from continuing operations on a constant currency basis, we expect double-digit growth as the close of the international Family Care and professional transaction results in an approximately 30% increase in income from equity companies for the full year.

Adjusted Earnings Per Share from Continuing Operations are expected to grow Double-Digit on a constant-currency basis driven by approximately 30 percent increase in Income from Equity Companies versus 2025, expectations of flat net interest expense, an adjusted effective tax rate of approximately 23 percent, and average shares outstanding essentially unchanged versus 2025.

For adjusted EPS growth from continuing operations on a constant currency basis, we expect double-digit growth as the close of the IFP transaction results in an approximately 40% increase in income from equity companies for the full year.

Adjusted Earnings Per Share from Continuing Operations are expected to grow at a double-digit rate on a constant-currency basis driven by an approximately 40 percent increase in income from equity companies versus 2025, expectations of flat net interest expense, an Adjusted Effective Tax Rate of approximately 23 percent, and average shares outstanding essentially unchanged versus 2025.

For Adjusted EPS growth from continuing operations on a constant currency basis, we expect double-digit growth as the close of the international Family Care and professional transaction results in an approximately 30% increase in income from equity companies for the full year.

Adjusted Earnings Per Share from Continuing Operations are expected to grow Double-Digit on a constant-currency basis driven by approximately 30 percent increase in Income from Equity Companies versus 2025, expectations of flat net interest expense, an adjusted effective tax rate of approximately 23 percent, and average shares outstanding essentially unchanged versus 2025.

At adjusted operating profit, we continue to project an on-algorithm year with a mid- to high single-digit growth on a constant currency basis, assuming a mid-year close of the International Family Care and Professional transaction.

Adjusted Operating Profit is expected to grow at a mid-to-high single-digit rate on a constant-currency basis.

At Adjusted Operating Profit, we project another strong year with a mid- to high single-digit growth on a constant currency basis, assuming a mid-year close of the international Family Care and professional transaction.

Adjusted Operating Profit is expected to grow at a mid-to-high single-digit rate on a constant-currency basis.

Consistent with the Company's long term growth algorithm, it currently expects 2026 Organic Sales Growth to grow in line to ahead of the weighted average growth in the categories and countries it competes, which for the latest year grew at approximately two percent.

Finally, we remain well positioned to deliver approximately $2 billion of Adjusted Free Cash Flow consistent with 2025 levels, even as we accelerate capital investments in our growth and transformation plans to approximately $1.3 billion, up from $1.1 billion last year.

Adjusted Earnings Per Share from Continuing Operations are expected to grow at a double-digit rate on a constant-currency basis driven by an approximately 40 percent increase in income from equity companies versus 2025, expectations of flat net interest expense, an Adjusted Effective Tax Rate of approximately 23 percent, and average shares outstanding essentially unchanged versus 2025.

We're also assuming relatively flat net interest expense and shares outstanding, as we plan to hold the proceeds from the IFP transaction in cash to help fund the cash portion of the Kenvue acquisition.

Adjusted Earnings Per Share from Continuing Operations are expected to grow Double-Digit on a constant-currency basis driven by approximately 30 percent increase in Income from Equity Companies versus 2025, expectations of flat net interest expense, an adjusted effective tax rate of approximately 23 percent, and average shares outstanding essentially unchanged versus 2025.

Adjusted Earnings Per Share from Continuing Operations are expected to grow at a double-digit rate on a constant-currency basis driven by an approximately 40 percent increase in income from equity companies versus 2025, expectations of flat net interest expense, an Adjusted Effective Tax Rate of approximately 23 percent, and average shares outstanding essentially unchanged versus 2025.

Our outlook also assumes an Adjusted Effective Tax Rate of approximately 23%.

Adjusted Earnings Per Share from Continuing Operations are expected to grow Double-Digit on a constant-currency basis driven by approximately 30 percent increase in Income from Equity Companies versus 2025, expectations of flat net interest expense, an adjusted effective tax rate of approximately 23 percent, and average shares outstanding essentially unchanged versus 2025.

Also, keep in mind that the dilution from the IFP transaction will impact DPS in the second half of the year, which should result in Adjusted EPS attributable to Kimberly-Clark being split roughly 53% first half, 47% second half of the year.

Finally, we remain well positioned to deliver approximately $2 billion of Adjusted Free Cash Flow consistent with 2025 levels, even as we accelerate capital investments in our growth and transformation plans to approximately $1.3 billion, up from $1.1 billion last year.