Kimberly-Clark Management Discusses Q2 2012 Results - Earnings Call Transcript

Kimberly-Clark (KMB)

Q2 2012 Earnings Call

July 26, 2012 10:00 am ET

Executives

Paul J. Alexander - Vice President of Investor Relations

Mark A. Buthman - Chief Financial Officer and Senior Vice President

Thomas J. Falk - Executive Chairman, Chief Executive Officer, President and Member of Executive Committee

Analysts

Gail S. Glazerman - UBS Investment Bank, Research Division

Christopher Ferrara - BofA Merrill Lynch, Research Division

Jason Gere - RBC Capital Markets, LLC, Research Division

Linda Bolton-Weiser - Caris & Company, Inc., Research Division

Ali Dibadj - Sanford C. Bernstein & Co., LLC., Research Division

Caroline S. Levy - Credit Agricole Securities (USA) Inc., Research Division

Javier Escalante - Consumer Edge Research, LLC

Constance Marie Maneaty - BMO Capital Markets U.S.

John P. San Marco - Janney Montgomery Scott LLC, Research Division

Chip A. Dillon - Vertical Research Partners Inc.

Lauren R. Lieberman - Barclays Capital, Research Division

William Schmitz - Deutsche Bank AG, Research Division

Presentation

Operator

[Operator Instructions] It is now my pleasure to introduce today's first presenter, Mr. Paul Alexander.

Paul J. Alexander

Thank you, David, and good morning, everyone. Welcome to Kimberly-Clark Second Quarter Earnings Conference Call. With us today are Tom Falk, Chairman and CEO; Mark Buthman, Senior VP and CFO; and Mike Azbell, Vice President and Controller.

Here's the agenda for our call: Mark will begin with a review of second quarter results; Tom will then provide his perspectives on results through the first half of the year and also our full-year outlook; we'll finish with Q&A.

As usual, we have a presentation of today's materials in the Investor Section of our website. Before we begin, let me remind you that we will be making forward-looking statements today. Please see the Risk Factors section of our latest Annual Report on Form 10-K for further discussion of forward-looking statements. We'll also be referring to adjusted results and outlook this morning, both of which exclude certain items described in this morning's news release. For further information on these adjustments and reconciliations to comparable financial measures determined in accordance with GAAP , please see this morning's news release.

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