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 (NYSE: KMB) has appointed Doug Cunningham as the President of its EMEA consumer business. Cunningham, previously Managing Director of Kimberly-Clark Australia and New Zealand, will oversee operations in 120 countries. His leadership is expected to drive consumer-inspired innovation and strengthen customer relationships. Cunningham has a strong background in leadership roles from Johnson & Johnson across various regions, bringing valuable experience to this new position.
Depend® aims to destigmatize conversations surrounding men's health and incontinence through its Stand Strong for Men's Health™ initiative, launched in partnership with actor Boris Kodjoe. The program coincides with Prostate Cancer Awareness Month and includes a $350,000 donation commitment to the Prostate Cancer Foundation. This year, Depend® encourages consumers to participate by purchasing specific products, with a portion of sales contributing to prostate cancer research. The initiative aims to raise awareness about the link between incontinence and prostate cancer.
Kimberly-Clark Corporation (NYSE: KMB) announced executive leadership changes aimed at strengthening its Asia Pacific consumer business. Tristram Wilkinson, with over 25 years of experience at Kimberly-Clark, will transition from President of EMEA to President of Asia Pacific, overseeing operations in over 30 countries, including China and India. He succeeds Aaron Powell, who is leaving for an external opportunity. Chairman and CEO Mike Hsu expressed confidence in Wilkinson's ability to drive growth in this key international region.
Huggies and Meijer are collaborating to support families of NICU babies during NICU Awareness Month. From August 15 to September 11, 2021, Huggies will donate $1 for every pack of Huggies Little Snugglers or Little Movers diapers purchased, up to a total of $50,000, to the nonprofit Hand to Hold. This initiative aims to assist NICU families navigate challenges, with Hand to Hold providing critical emotional support. Huggies emphasizes its long history of support for NICU families, having developed specialized products for the unique needs of NICU babies.
Kimberly-Clark has been recognized for the second consecutive year in Seramount's annual Inclusion Index, which highlights companies fostering diverse and inclusive workplaces. With 193 participants, Kimberly-Clark ranks among the top 44 organizations for diversity, equity, and inclusion (DE&I) practices. The company emphasizes the importance of varied perspectives for business success, implementing initiatives for recruitment, retention, and inclusive leadership training. It has also received multiple accolades, including recognition for multicultural women and diversity from Forbes.
The board of Kimberly-Clark has declared a quarterly dividend of $1.14 per share, payable on October 4, 2021, to shareholders of record on September 10, 2021. This marks the 49th consecutive year of dividend increases and the 87th straight year of dividend payments, showcasing the company's stability and commitment to returning value to shareholders. Kimberly-Clark is recognized for its trusted brands across over 175 countries, emphasizing sustainable practices that promote a healthy planet.
Huggies and Walgreens have launched their fifth consecutive initiative to combat diaper need in America, with a goal of donating up to 1 million diapers through August 31, 2021. Customers can contribute by purchasing Huggies diapers at Walgreens, triggering a donation of a day's worth of diapers for each pack sold. Additionally, the #HuggiesStrollerSelfie Challenge encourages social media participation, with each selfie shared resulting in a $1 donation, up to $5,000. This effort aims to support families in need and raise awareness about diaper need, impacting one in three American families.
Kimberly-Clark Corporation (KMB) reported second quarter 2021 results with net sales of $4.7 billion, a 2% increase from the previous year, despite a 3% organic sales decline. Diluted earnings per share (EPS) fell to $1.19 from $1.99. The updated full-year EPS outlook is between $6.65 and $6.90, down from previous estimates. Higher input costs led to a projected organic sales decline of 0% to 2%. The company continues to implement pricing strategies and cost management in response to ongoing inflation and reduced consumer tissue demand.
Kimberly-Clark Corporation (NYSE: KMB) will announce its second quarter 2021 financial results on July 23, with a news release at 6:30 a.m. CDT. Prepared management remarks from Chairman and CEO Mike Hsu and CFO Maria Henry will follow at 7 a.m. CDT. A live Q&A session for analysts is set for 9 a.m. CDT. All materials will be available via the Investors section of Kimberly-Clark's website. The company emphasizes its role in providing essential products across 175 countries.
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