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.
Huggies, a Kimberly-Clark brand, is partnering with designer Kristen Noel Crawley to create a limited-edition T-shirt line to raise awareness for diaper need in the U.S. During National Diaper Need Awareness Week (Sept 24 - Oct 2, 2022), for every T-shirt purchased, 100% of the sales (excluding shipping) will be donated to the National Diaper Bank Network. This initiative highlights the struggles faced by 1 in 3 families in affording diapers, with the goal of bringing attention to the urgent need for clean diapers for babies. Huggies has donated over 200 million diapers to support this cause since 2011.
Kimberly-Clark Corporation (NYSE: KMB) has appointed Tamera Fenske as Chief Supply Chain Officer, effective September 19, 2022. Fenske brings extensive experience from her previous role at 3M, where she led supply chain operations across the U.S. and Canada. In her new position, she will oversee global procurement, manufacturing, logistics, and sustainability efforts. Mike Hsu, CEO, expressed confidence in her leadership abilities to enhance Kimberly-Clark's supply chain performance and drive growth.
Depend® is launching its third annual Stand Strong for Men's Health™ initiative, promoting prostate cancer awareness and research funding, with a donation of up to $350,000 to the Prostate Cancer Foundation (PCF) starting September 1, 2022. For each purchase of select Depend® products, $0.50 will be donated to PCF, which supports early detection and treatment of prostate cancer. The initiative aims to encourage men to take charge of their health, addressing the often-overlooked side effects of treatment like urinary incontinence.
Kimberly-Clark Corporation (NYSE: KMB) will participate in a fireside chat at the Barclays Global Consumer Staples Conference on September 7, 2022, at 8:00 a.m. CDT. The event will feature Chairman and CEO Mike Hsu and CFO Nelson Urdaneta. A broadcast link will be accessible through the Investors section on Kimberly-Clark's website. The company, a leader in consumer products, is known for brands like Huggies and Kleenex, serving over 175 countries. With a commitment to sustainable practices, Kimberly-Clark aims for a positive impact on the community and environment.
The board of directors of Kimberly-Clark Corporation (NYSE: KMB) has declared a quarterly dividend of $1.16 per share, payable on October 4, 2022. Stockholders of record by September 9, 2022 will receive this payment. This marks the 50th consecutive year of dividend increases and the 88th year of dividend payments. Kimberly-Clark, known for its brands like Huggies and Kleenex, operates in over 175 countries, focusing on sustainability and community support.
This August, Huggies and Walgreens are partnering for the sixth consecutive year to address diaper need in the U.S. For every pack of Huggies Diapers purchased, one day's worth of diapers will be donated to the National Diaper Bank Network, with a goal of donating up to 1 million diapers. Diaper need affects one in three families in the U.S., impacting children's health and wellbeing. Since 2011, this collaboration has provided over 300 million diapers to families in need. The initiative emphasizes the importance of access to clean diapers for children's health.
Kimberly-Clark Corporation (NYSE: KMB) appointed Zack Hicks as Chief Digital and Technology Officer, effective July 26, 2022. This new role reflects the company's focus on enhancing digital technology to strengthen brand capability. Hicks brings 26 years of leadership experience from Toyota, where he led significant advancements in digital transformation and technology innovation. His background includes leading the development of in-vehicle multimedia systems and a big data platform. CEO Mike Hsu expressed confidence in Hicks' ability to drive growth through technology.
Kimberly-Clark Corporation (NYSE: KMB) reported a 7% increase in second quarter 2022 net sales, reaching $5.1 billion, driven by 9% organic sales growth. Diluted net income per share rose to $1.29 from $1.19 year-over-year. However, adjusted earnings per share decreased by 9% to $1.34. The company revised its full-year organic sales growth outlook upwards to 5-7%. Operating profits improved to $621 million but were impacted by $405 million in higher input costs. Cash flow from operations increased significantly to $740 million, while total debt stood at $8.7 billion. Key areas of growth included personal care and consumer tissue segments.
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