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) announced the retirement of CFO Maria Henry, effective September 1, 2022. Henry, who joined the company in 2015, has significantly influenced its strategic direction and financial management. Nelson Urdaneta, previously Senior VP at Mondelēz International, will succeed her after the upcoming earnings call on April 22, 2022. Urdaneta brings extensive global finance experience and is expected to enhance the company's growth strategy. Henry will assist during the transition, expressing optimism about Kimberly-Clark's future.
Kimberly-Clark Corporation (NYSE: KMB) announced the nomination of Sylvia Mathews Burwell to its Board of Directors, set for election at the 2022 Annual Meeting on April 27, 2022. Burwell, currently President of American University, has extensive experience, including serving as the U.S. Secretary of Health and Human Services and leading the White House Office of Management and Budget. She replaces retiring board member Ian Read. CEO Mike Hsu expressed enthusiasm about Burwell’s potential contributions to the company’s growth strategy.
The Association of Women's Health, Obstetric & Neonatal Nurses (AWHONN), with Huggies' support, launched the "Respectful Maternity Care (RMC) Framework and Evidence-Based Clinical Practice Guideline." These resources aim to enhance maternity care, reducing risks for birthing women. AWHONN highlights that 60% of maternal deaths are preventable, emphasizing disparities in care for Black and Indigenous mothers. The RMC toolkit provides guidelines for healthcare providers to ensure equitable care. This initiative strengthens nursing practices and advocates for improved maternal health.
Cottonelle has pledged over $900,000 to BLKHLTH, a nonprofit focusing on Black health disparities, particularly for colorectal cancer awareness. This initiative coincides with March's Colorectal Awareness Month and aims to promote dialogue on sensitive health topics. The partnership, now in its second year, aims to increase access to at-home colorectal cancer screening tests. The campaign seeks to address the fact that Black adults are 20% more likely to be diagnosed with colorectal cancer, highlighting a critical health initiative that could save lives.
Kimberly-Clark Professional launched its new ICON™ dispenser collection on Feb. 28, 2022, featuring customizable faceplates designed for modern commercial washrooms. This innovative dispenser prioritizes user experience, featuring a direct drive automatic dispensing system with 99.99% jam-free operation and is 85% quieter than competitors, promoting hygiene with touch-free use. The collection includes various options for towel, toilet paper, soap, and sanitizer dispensers, enhancing aesthetics and functionality. The launch event featured artist Yoyo Ferro and highlighted the blend of art and hygiene.
On Feb. 24, 2022, Kimberly-Clark (NYSE: KMB) announced the completion of its acquisition of a majority stake in Thinx, Inc., a leader in reusable period and incontinence underwear. This follows an initial minority investment made in 2019. The acquisition aims to enhance Kimberly-Clark's portfolio of period and bladder leakage solutions while driving category growth through collaboration with retail partners. Both companies hope this partnership will help Thinx mainstream its innovative products. Transaction terms remain undisclosed.
Kimberly-Clark Corporation (NYSE: KMB) announced today that its executive team, including Chairman and CEO Mike Hsu, will speak at the Consumer Analyst Group of New York conference. The event is set for February 25, 2022, at 10:30 a.m. CST and will be held virtually. A pre-recorded webcast of the presentation will be accessible at kimberly-clark.com/investors. Kimberly-Clark serves over 175 countries with brands like Huggies and Kleenex, maintaining a strong commitment to sustainability and community support.
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