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'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.
Kimberly-Clark Corporation (KMB) reported Q3 2021 net sales of $5.0 billion, a 7% increase year-over-year, with organic sales up 4%. Adjusted earnings per share fell to $1.62 from $1.72 in 2020. The firm lowered its full-year guidance, now expecting adjusted EPS of $6.05 to $6.25 and an organic sales decline of 1 to 2%, impacted by rising input costs. Operating profit decreased to $657 million, affected by $480 million in higher input costs. The company is implementing price increases and cost management to counter inflation and supply chain issues.
On October 15, 2021, Kimberly-Clark was awarded the 2021 Climate Leadership Award for 'Goal Achievement in Greenhouse Gas Management' by the Center for Climate and Energy Solutions and The Climate Registry. This honor recognizes the company for its substantial efforts in reducing greenhouse gas emissions, including a 50% reduction target for Scope 1 and Scope 2 emissions by 2030, alongside a 20% reduction in Scope 3 emissions. Recent initiatives include long-term renewable electricity agreements and energy conservation projects that collectively reduce CO2 emissions significantly.
The Center for Heirs' Property Preservation and Mississippi Center for Justice launched the Mobile Basin Heirs' Property Support Initiative on Oct. 14, 2021. This two-year program aims to assist historically underserved Mississippi families in safeguarding their forestland and building generational wealth. Supported by WWF and Kimberly-Clark, the initiative offers legal services and financial resource access to address land title issues affecting Black families. Heirs' property is estimated to encompass 1.6 million acres valued at $6.6 billion, contributing to forest loss in the region. Education and funding for sustainable forestry management will also be provided.
Kimberly-Clark Corporation (NYSE: KMB) will announce its third quarter 2021 financial results on October 25, 2021, at approximately 6:30 a.m. CDT. A news release will be distributed via PR Newswire and First Call. Management remarks from Chairman and CEO Mike Hsu and Senior VP and CFO Maria Henry will follow at 7 a.m. CDT, with a live Q&A webcast for analysts scheduled for 9 a.m. CDT. Investors can access the materials and webcast link on Kimberly-Clark's website.
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?
