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.
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.
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.
FAQ
What is the current stock price of Kimberly-Clark (KMB)?
What is the market cap of Kimberly-Clark (KMB)?
What does Kimberly-Clark Corporation do?
What are some of Kimberly-Clark's most popular brands?
Where does Kimberly-Clark generate most of its sales?
What recent initiatives has Kimberly-Clark announced?
What is Kimberly-Clark's commitment to sustainability?
How did Kimberly-Clark perform financially in 2023?
When is Kimberly-Clark's next earnings release?
What are Kimberly-Clark's strategic priorities for 2024?
What is the significance of Kimberly-Clark's new operating model?
How does Kimberly-Clark contribute to community welfare?
