Kimberly-Clark Corp. - KMB STOCK NEWS

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.

On April 11, 2023, Kimberly-Clark Professional announced the expansion of The RightCycle Programme to the Netherlands and Switzerland, making it available in 11 countries across Europe and North America. This program, which began in the U.S., focuses on recycling non-hazardous PPE waste, helping customers divert over 2,000 metric tons of waste since its inception. The initiative aligns with the company's commitment to reduce environmental impact and foster a circular economy. It also supports Kimberly-Clark's 2030 ambition to improve lives while minimizing environmental footprints. The RightCycle Programme now includes additional categories for recycling, enhancing Kimberly-Clark's sustainability efforts.

Kimberly-Clark executive Lori Shaffer spoke at Purdue University, emphasizing the importance of embracing opportunities that challenge personal growth. During her keynote address to the Women in Engineering Mentees & Mentors Program, she encouraged students to maintain an agile mindset and seek challenges. Shaffer highlighted her career at Kimberly-Clark and shared insights into adaptability as a crucial skill in today’s dynamic environment. Kimberly-Clark, a leader in consumer goods, reaches people in over 175 countries and holds a strong market position with brands like Huggies and Kleenex. The company is committed to sustainability and continuous innovation, as detailed on their website.

Kimberly-Clark announced that three green hydrogen projects it is developing have been shortlisted by the UK Government for the Hydrogen Business Model Strategy. This initiative aims to support 250MW of electrolytic hydrogen projects to kickstart the UK's low carbon hydrogen economy. Kimberly-Clark expects a 61% reduction in natural gas consumption in the UK by the end of 2025 as these projects come online. The projects will supply a total of 50MW of green hydrogen to its UK manufacturing facilities. Additionally, a new wind farm in Scotland, operational from April 2023, will provide around 160,000 MWh of renewable energy annually, further reducing greenhouse gas emissions by 86% by 2025 compared to 2015 levels. Contracts for the hydrogen projects are expected later this year, with operations beginning in 2025.

Goodnites, the leading bedwetting underwear brand, has partnered with the Autism Society of America to provide solutions for families of children with Autism facing bedwetting challenges. In April 2023, to commemorate Autism Acceptance Month, Goodnites pledged $150,000 to support educational initiatives and community resources throughout the year. The partnership aims to reduce stigma surrounding bedwetting, particularly for children with Autism and ADHD. New proprietary research highlights the emotional toll bedwetting takes on families, revealing that 60% of parents feel increased anxiety. Goodnites will launch a resource hub offering educational access tailored to these communities, alongside advocacy and community events. This ongoing collaboration reaffirms Goodnites' commitment to addressing the needs of underserved families, ensuring children can enjoy restful nights and improved self-esteem.