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) reported a 5% decline in net sales for Q1 2021, totaling $4.7 billion. Organic sales fell 8%, with a net income per share of $1.72, down from $1.92 in the previous year. Adjusted EPS also decreased to $1.80 from $2.13. The company projects full-year organic sales growth of 0-1% and adjusted EPS between $7.30 and $7.55, revised down from earlier estimates. The decline is attributed to supply chain disruptions and increased input costs, though market shares remain stable. The company continues to implement cost-saving strategies amidst a volatile market.
Kimberly-Clark Corporation (NYSE: KMB) announced significant executive leadership changes aimed at enhancing its global business strategy. Russ Torres, previously president of Kimberly-Clark Professional, will now serve as Group President of Kimberly-Clark North America, succeeding Kim Underhill, who has left after a commendable 33-year tenure. Torres brings over 20 years of industry experience, having held leadership roles at various top-tier companies. This leadership transition is expected to bolster the company's North American consumer business, which includes well-known brands like Huggies and Kleenex.
Kimberly-Clark Corporation (NYSE: KMB) will release its first quarter 2021 financial results on April 23, 2021, at approximately 6:30 a.m. CDT. The announcement will be shared through PR Newswire and First Call.
Additionally, prepared remarks from Chairman and CEO Mike Hsu and Senior VP and CFO Maria Henry will be available at 7 a.m. CDT, with a live analyst Q&A webcast scheduled for 9 a.m. CDT. More details can be found on the company's website.
Kimberly-Clark Corporation (NYSE: KMB) announced price increases for its North American consumer products, effective late June 2021. These mid-to-high single-digit increases aim to counteract rising commodity costs. The price adjustments will predominantly affect the baby and child care, adult care, and Scott bathroom tissue products. This move reflects the company's response to inflation affecting its operational costs.
On World Water Day, Kimberly-Clark launched WaterLOUPE 2.0, an enhanced open-source tool designed to aid communities in assessing water scarcity risks. Co-developed with Deltares, the tool facilitates scenario modeling, enabling users to quantify water shortages and explore mitigation strategies. Since 2018, it has fostered collaboration in water-stressed regions like Cali, Cape Town, and Sao Paulo. The company aims to reduce its water footprint by 50% by 2030 and improve the lives of 1 billion underserved people while ensuring sustainable resource management.
Kimberly-Clark Corporation (NYSE: KMB) has appointed Paula Ramos as Chief Strategy Officer, effective March 15, 2021. This marks a significant milestone as she becomes the first Latina on the executive team. With 18 years at McKinsey, Ramos brings extensive experience in consumer goods and growth strategies, particularly in Latin America and the United States. Her role will focus on enhancing the company's enterprise strategy and accelerating growth initiatives.
On March 9, 2021, Kimberly-Clark Professional announced its ongoing efforts to support essential cleaning professionals during the pandemic. Collaborating with ISSA and the Global Biorisk Advisory Council, the program has so far funded $500,000 for scholarships, providing over 6,131 scholarships across 84 countries. This initiative primarily targets small and women-owned businesses, supporting their training and operational needs. The program aims to award 50% of scholarships to women, nearing its goal while highlighting the critical role of cleaning professionals in maintaining public safety.
Kimberly-Clark Corporation (NYSE: KMB) has appointed Robert Long as the new Chief Research and Development Officer, effective March 15, 2021. Long, who brings over four decades of experience in the consumer goods industry, will oversee global research, development, innovation, and quality functions, reporting to CEO Mike Hsu. Previously at Coca-Cola, Long's leadership is expected to drive innovation and enhance product quality across Kimberly-Clark's extensive brand portfolio.
Cottonelle has partnered with BLKHLTH to address colorectal cancer disparities among Black Americans. The initiative includes a $750,000 donation to support educational programs and provide free at-home screening tests. Colorectal cancer is the second leading cause of cancer deaths in the U.S., disproportionately affecting Black individuals who face a 40% higher death rate compared to White Americans. Early detection can lead to a 90% survival rate. The partnership aims to spread awareness and reduce stigmas surrounding screening.
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