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 is responding to the devastating earthquakes in Turkey and Syria by donating essential health and hygiene products, including Kotex, Huggies, and Kleenex. The company is coordinating swift deliveries of 2 million Huggies diapers and 100,000 packs of Kleenex wipes from its global manufacturing facilities, having already sent 1 million Kotex menstrual pads via local charities. An employee giving program has been established, with the Kimberly-Clark Foundation matching donations. These initiatives highlight the company's commitment to providing better care for communities in need.
Robert Long, the R&D officer at Kimberly-Clark, shares insights on leveraging personal experiences for leadership success. Growing up in a single-parent household in Washington, D.C., Long emphasizes the importance of hard work and inclusion. His journey took him from exclusive boarding schools to Princeton University and prestigious roles at Procter & Gamble and Coca-Cola. Joining Kimberly-Clark in pursuit of sustainable products, he aims to inspire others while advocating for diversity. Long's commitment to employee resource groups reflects his belief in the value of recognition and support in the workplace.
Kimberly-Clark Corporation (NYSE: KMB) reported its year-end 2022 results, showing fourth-quarter net sales of $5.0 billion, unchanged from last year, with a 5% organic sales growth. Full-year 2022 sales rose 4% to $20.2 billion, while diluted net income per share was $5.72, a 7% increase year-over-year. The company anticipates a slight sales increase of 0-2% for 2023, with diluted earnings per share expected to rise 2-6%. A 1.7% dividend increase was also approved, marking the 51st consecutive annual rise. CEO Mike Hsu noted strong execution amid inflationary pressures and emphasized ongoing investments in their brands.
Kimberly-Clark Corporation (NYSE: KMB) will announce its fourth quarter and full year 2022 results on January 25 at 6:30 a.m. CST. Following the announcement, Chairman and CEO Mike Hsu and CFO Nelson Urdaneta will conduct a live webcast at 9 a.m. CST. Interested stakeholders can access the webcast link and related materials via the Investors section of Kimberly-Clark's website. The company emphasizes its commitment to sustainability and its leading brands, which are integral to consumer life in over 175 countries.
Kimberly-Clark Corporation (NYSE: KMB) has declared a quarterly dividend of $1.16 per share, payable on January 4, 2023, to shareholders on record as of December 9, 2022. This marks the 50th consecutive year of dividend increases and the 88th year of continuous dividends for shareholders. Additionally, the company will hold its annual shareholder meeting on April 20, 2023.
On World Toilet Day, Kimberly-Clark emphasizes its ongoing efforts addressing the global sanitation crisis through its Toilets Change Lives program, which has positively impacted over 7 million users across 15 countries. The company collaborates with partners like WaterAid and Water For People to promote safe sanitation, clean water, and hygiene education. Their initiatives aim to serve 1 billion people by 2030 while minimizing environmental impact. The foundation's work supports community dignity and health, showcasing the company's commitment to social responsibility.
Kimberly-Clark Corporation (KMB) reported third quarter 2022 net sales of $5.1 billion, a 1% increase year-over-year, driven by a 5% organic sales growth. Diluted earnings per share dipped to $1.38 compared to $1.39 in 2021. Adjusted earnings per share were $1.40, down 14%. Input costs rose by $360 million, impacting margins. Operating profit was $655 million. The company expects 2022 diluted net income per share at $5.67 to $6.10 and aims for organic sales growth of 5% to 7% amidst challenging market conditions.
Kimberly-Clark Corporation (NYSE: KMB) will release its third quarter 2022 results on October 25 at approximately 6:30 a.m. CDT. The announcement will include prepared remarks from Chairman and CEO Mike Hsu and CFO Nelson Urdaneta at 7 a.m. CDT, followed by a live Q&A webcast for analysts at 9 a.m. CDT. Stakeholders should regularly check the company’s website for updates on future earnings releases. Kimberly-Clark is known for essential brands like Huggies and Kleenex, serving consumers in over 175 countries.
Kimberly-Clark appointed Andrea Zahumensky as President of Personal Care for its North American consumer business, effective October 13, 2022. Zahumensky, with over 20 years at Procter & Gamble and experience as CMO at Yum! Brands, will oversee iconic brands like Huggies and Depend. She aims to drive growth and innovation in Kimberly-Clark's Personal Care division, which includes major products in Baby, Child, and Feminine Care.
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