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 (KMB) reported fourth quarter 2021 net sales of $5.0 billion, a 3% increase year-over-year, with full-year sales at $19.4 billion, up 2%. Diluted net income per share for Q4 was $1.06, down from $1.58 in 2020, while full-year diluted EPS decreased to $5.35 from $6.87. The company anticipates 2022 net sales growth of 1-2% and EPS of $5.60-$6.00. Kimberly-Clark also approved a 1.8% dividend increase, marking the 50th consecutive annual rise. CEO Mike Hsu highlighted ongoing investments in innovation and expectations for gradual improvement despite persistent inflation and supply chain disruptions.
On January 13, 2022, Kimberly-Clark Corporation (NYSE: KMB) announced the schedule for its fourth quarter and full year 2021 financial results. The results will be released on January 26, 2022, at approximately 6:30 a.m. CST. This will be followed by management remarks from Chairman and CEO Mike Hsu, and CFO Maria Henry at 7 a.m. CST. A live Q&A webcast for analysts is set for 9 a.m. CST. The event will be accessible via the Investors section of Kimberly-Clark's website.
Kimberly-Clark Corporation (NYSE: KMB) has named Ehab Abou-Oaf as the new President of Kimberly-Clark Professional, effective January 1, 2022. Abou-Oaf, who previously served as Managing Director for the Middle East and Africa, will oversee global business-to-business operations and report to CEO Mike Hsu. His leadership has significantly strengthened Kimberly-Clark's market presence in developing regions, including Nigeria and South Africa. With extensive experience in senior management roles at Mars, Inc. and Procter & Gamble, Abou-Oaf is set to drive growth in the K-C Professional business.
Kimberly-Clark's Poise® Brand announced a charitable initiative, donating two boxes of One by Poise® for every comment during its new Tell-A-Thon series, aiming to support women in need with up to $1 Million in products. This initiative addresses the stigma surrounding postpartum bladder leaks as a survey revealed that 89% of women feel that postpartum issues are insufficiently discussed. The Tell-A-Thons encourage women to share their experiences on motherhood and bladder leakage.
The board of Kimberly-Clark has declared a quarterly dividend of $1.14 per share, payable on January 4, 2022, to shareholders of record on December 10, 2021. This marks the 49th consecutive year of dividend increases and the 87th year of continuous dividend payments. Additionally, the company announced its next annual shareholder meeting will be held on April 27, 2022. Kimberly-Clark's strong portfolio includes brands like Huggies and Kleenex, essential products in over 175 countries.
On November 16, 2021, Kimberly-Clark announced its ongoing commitment to improving global sanitation through its "Toilets Change Lives" program. This initiative has positively impacted over 7 million individuals in 15 countries by providing access to clean water and sanitation solutions. The company aims to enhance the lives of 1 billion people by 2030, focusing on underprivileged communities. Collaborating with organizations like Plan International and WaterAid, Kimberly-Clark addresses critical sanitation needs, particularly in Latin America and Asia.
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