To Pull-Up Sales, Kimberly-Clark Will Depend on Further Cost Saves; Shares Fairly Valued
Reflecting a continued inability to reignite its top line (which slumped 1% on an underlying basis in the fourth quarter), Kimberly-Clark announced intentions to slash its workforce, eliminating 5,000-5,500 individuals, or 12%-13% of its global employees, and to shutter or sell 10 manufacturing facilities (around 10% of its network). These efforts are expected to free up around $500 million-$550 million annually by 2021, with the majority slated to fund further spend in innovation and marketing,...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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