Kimberly-Clark Corp. - KMB STOCK NEWS

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.

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.