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Kimberly-Clark Announces Year-End 2009 Results and 2010 Outlook
Restructuring-related gain. In addition to the lower level of currency transaction losses in 2009, the year-on-year improvement in other (income) and expense, net was driven by favorable settlement of value-added tax matters in Latin America in 2009, along with costs incurred in 2008 related to a legal judgment.
The company's effective tax rate for the fourth quarter of 2009 was 28.0 percent, decreasing earnings by about 8 cents per share compared to 2008 adjusted results. In the year-ago quarter, the effective tax rate was 22.4 percent and the adjusted effective tax rate, excluding the effects of charges for the company's strategic cost reduction plan, was 23.2 percent and included benefits from a number of tax matters. For the full-year 2009, the company's effective tax rate was 29.0 percent, consistent with the company's previous estimate of 28 to 30 percent. A reconciliation of the 2008 effective tax rate calculation is provided in a separate section of this news release.
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Business Debt Consolidation & Consumer Credit Card Debt Consolidation ServicesDallas, TX -- (SBWIRE) -- 01/18/2010 -- If you want to consolidate your credit card debt, a thorough research will help you decide Whether it is the right and more »
Rave's acquisition of the National Amusements theaters marks the latest consolidation in the exhibition industry, following AMC Entertainment Inc.'s and more »
In June 2008, the company restructured contractual arrangements of two financing entities, which resulted in the consolidation of these two entities. and more »
“As a result of a plant consolidation, headcount reductions, material cost savings and productivity improvements we implemented in fiscal 2009, and more »
Singleton's next chapter: Can he steer MediaNews to a digital future?And as Singleton told the Wall Street Journal in an interview relating to the current bankruptcy process, he continues to press his vision for consolidation and more »
