Welcome to our dedicated page for Kimberly-Clark news (Ticker: KMB), a resource for investors and traders seeking the latest updates and insights on Kimberly-Clark stock.
Kimberly-Clark Corporation (NYSE: KMB) is a global leader in home and personal care solutions, renowned for its portfolio of trusted brands including Kleenex, Huggies, Scott, Kotex, and Cottonelle. Founded over 144 years ago, the company has consistently pioneered innovation, addressing the essential needs of consumers in over 175 countries.
Headquartered in Dallas, Texas, Kimberly-Clark's operations span personal care and consumer tissue products. The company also operates K-C Professional, offering workplace safety and sanitary solutions. With a robust business model, Kimberly-Clark generates more than half of its sales in North America and over 10% in Europe, with substantial contributions from Asia and Latin America.
The company's major brands such as Huggies, Kleenex, and Scott hold leading market positions globally. Kimberly-Clark is committed to sustainability and innovation, striving to reduce its environmental footprint while delivering high-quality products.
In recent news, Kimberly-Clark announced its fourth-quarter and full-year 2023 results, showcasing strong organic growth and recovery in cost and earnings. The company reported a 3% increase in organic sales, driven by price and product mix improvements. North American sales grew by 3%, with personal care and consumer tissue segments leading the charge.
The company also announced a new pilot program in collaboration with Bright Horizons, focusing on converting used diapers and wipes into energy. This initiative aims to divert thousands of pounds of waste from landfills, contributing to a more sustainable environment.
Looking forward, Kimberly-Clark has outlined its strategic priorities for 2024, emphasizing brand differentiation, supply chain stabilization, and disciplined cost management. The company's long-term growth strategy includes a commitment to becoming 100% Natural Forest-Free by 2030, enhancing sustainability across its product portfolio.
Kimberly-Clark remains a vital part of daily life for millions worldwide, continuing to build a legacy of care, innovation, and sustainability.
Kimberly-Clark Corporation (NYSE: KMB) reported first quarter 2023 results with net sales of $5.2 billion, reflecting a 2% growth and 5% organic growth. The increase stems from a 10% price increase and enhanced product mix, despite a 5% decline in volume. Gross margin improved by 340 basis points to 33.2%, aided by revenue growth management initiatives. Diluted EPS rose 8% to $1.67, jumping 24% on an adjusted basis. The company's 2023 outlook for adjusted EPS growth has been raised to 6% - 10%, with an anticipated low double-digit increase in operating profit. Challenges remain due to ongoing inflation, impacting input costs by $160 million. Cash flow from operations was robust at $613 million.
The board of directors of Kimberly-Clark Corporation (NYSE: KMB) has declared a quarterly dividend of $1.18 per share, payable on July 5, 2023, to stockholders on record as of June 9, 2023. This marks the 51st consecutive year of increased dividends and the 89th consecutive year of dividend payments to shareholders. Kimberly-Clark continues to demonstrate financial stability and commitment to its investors.
With trusted brands such as Huggies and Kleenex, Kimberly-Clark operates in over 175 countries, holding significant market shares. The company has been recognized as one of the world's most ethical companies by Ethisphere for five consecutive years, underscoring its dedication to sustainable practices. For more details, visit Kimberly-Clark.com.
On April 18, 2023, Kimberly-Clark Professional announced its sponsorship of the My Green Lab Ambassador Program, aimed at promoting sustainability in laboratories. This initiative aligns with Kimberly-Clark's 2030 ambition to enhance the lives of 1 billion people while minimizing environmental impacts. The program offers free resources and networking opportunities for scientists and lab professionals committed to sustainability. Additionally, Kimberly-Clark's RightCycle Program, launched in 2011, has successfully recycled over 2,000 metric tons of personal protective equipment (PPE) waste across 11 countries. This expansion focuses on reducing waste and promoting sustainable practices in various sectors, including pharmaceuticals and manufacturing.
Kimberly-Clark Corporation (NYSE: KMB) is set to release its first quarter 2023 financial results on April 25, 2023, at approximately 7:30 a.m. CDT. Following the announcement, Chairman and CEO Mike Hsu, along with CFO Nelson Urdaneta, will participate in a live webcast covering the results.
The webcast will be accessible via the Investors section of Kimberly-Clark's website, where the company will also continue to post future quarterly earnings release dates and related webcasts. Kimberly-Clark is committed to sustainability and innovation, with a diverse portfolio of brands including Huggies and Kleenex.
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