Kimberly-Clark Corp. - KMB STOCK NEWS

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.

On October 11, 2021, Plan International announced an expanded partnership with Kimberly-Clark and its Kotex brand to support girls and young women in Peru and Guatemala, addressing menstrual health issues. This initiative aims to dismantle social stigmas and enhance menstrual health management, benefiting nearly three million individuals across six countries, including Brazil and Nigeria. The Kotex She Can Initiative promotes women's progress by advocating for education and equal opportunities. This program underscores the importance of menstrual health in empowering girls.

This week marks National Diaper Need Awareness Week, initiated by the National Diaper Bank Network and Huggies to spotlight diaper scarcity affecting U.S. families. Kimberly-Clark’s Huggies has donated 300 million diapers over the past decade. A recent report reveals that 1 in 3 U.S. families face diaper need, with 86% increase in distributions by member banks. While the need persists, federal support for diaper purchases remains non-existent, costing families about $80 per month per child. The campaign encourages community involvement to address this public health concern.

Kimberly-Clark Corporation (NYSE: KMB) has appointed Deirdre Mahlan and Jaime Ramirez to its board of directors, effective immediately. Both will serve on the company's Audit Committee. Mahlan brings extensive finance experience from her tenure at Diageo, while Ramirez offers valuable insights from his leadership at Stanley Black & Decker. The company believes their expertise will bolster its long-term growth strategy. Kimberly-Clark operates in over 175 countries, catering to essential consumer needs through well-known brands like Huggies, Kleenex, and Scott.

On September 15, 2021, Kam Chancellor and Huggies Plus announced a $10,000 donation to the National Diaper Bank Network, aimed at aiding families in the Northwest U.S. struggling with diaper needs. This initiative will provide nearly 40,000 diapers to 5,000 families facing difficulties due to poverty and other hardships. Chancellor will also engage in a social media campaign, challenging families to participate in the #DiaperDance to raise awareness. Huggies has been a significant contributor to this cause, donating over 300 million diapers since 2011.