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 continues its commitment to combat the global sanitation crisis through its 'Toilets Change Lives' program, launched in 2014. The initiative has improved sanitation access for over 5 million people across 12 countries, with significant efforts in Bangladesh, where new public toilets have generated over 1.6 million uses since 2017. Additionally, the program aims to address menstrual hygiene education and support women's employment in the sanitation sector, fostering sustainable job creation. This work aligns with UN goals for clean water and sanitation.
Kimberly-Clark Corporation (KMB) announced significant executive leadership changes effective November 1, 2020. Jeff Melucci has been promoted to Chief Transformation, Business Development, and Legal Officer, taking over from Achal Agarwal, who will retire after 12 years with the company. Additionally, Gonzalo Uribe has been appointed President of Kimberly-Clark's Latin American consumer business. These changes aim to enhance organizational capabilities and accelerate the execution of the company's global strategy, with a focus on strengthening its digital business foundation.
Kimberly-Clark Corporation (NYSE: KMB) reported third-quarter 2020 net sales of $4.7 billion, a 1% increase year-over-year, with organic sales growth of 3%. Diluted net income per share was $1.38, down from $1.94 in Q3 2019. The company adjusted its full-year outlook, now expecting adjusted EPS of $7.50 to $7.65, reflecting growth of 9-11%. Operating profit decreased to $666 million, impacted by increased costs and unfavorable currency effects. Despite challenges in K-C Professional, strong demand in consumer products has driven overall sales growth amid the ongoing pandemic.
Kimberly-Clark Corporation (NYSE: KMB) will host a live webcast to discuss its third-quarter 2020 results on October 22 at 9 a.m. CDT. Participants will include Chairman and CEO Mike Hsu and Senior Vice President and CFO Maria Henry. A news release with detailed results will be distributed earlier that day via PR Newswire and First Call. Investors can access the webcast and related presentation via the Investors section on Kimberly-Clark's website.
On October 7, 2020, Kimberly-Clark Corporation (NYSE: KMB) announced the appointment of Sandi Karrmann as Senior Vice President and Chief Human Resources Officer, effective October 26, 2020. Karrmann will oversee global HR functions such as talent recruitment, labor relations, and employee benefits, reporting to CEO Mike Hsu. With extensive experience in HR leadership roles at major companies, Karrmann is expected to enhance Kimberly-Clark's leadership capabilities and foster a strong organizational culture.
On October 1, 2020, Kimberly-Clark Corporation (NYSE: KMB) announced the successful acquisition of Softex Indonesia, a prominent player in the growing personal care market in Indonesia. This acquisition is aimed at enhancing Kimberly-Clark's market share in Southeast Asia's largest economy. CEO Mike Hsu emphasized the strategic growth potential through combined innovation and brand strength, while maintaining Softex's local market expertise. The transaction's impact on adjusted earnings per share for 2020 and 2021 is expected to be minimal.
Depend brand has launched the Stand Strong for Men's Health campaign, partnering with MLB All-Star Mark Teixeira and the Prostate Cancer Foundation (PCF). This initiative aims to raise awareness about the connection between prostate cancer and incontinence. For every Depend Guards or Depend Shields purchased in November, $1 will be donated to PCF, with a goal of raising up to $200,000. The campaign highlights the importance of men's health and encourages discussions about incontinence.
Kimberly-Clark Corporation (NYSE: KMB) has appointed John W. Culver to its board of directors, effective immediately. Culver, who is currently the group president at Starbucks, will also join the company's Audit Committee. His extensive experience in global markets, particularly in China and other regions, is expected to enhance board discussions on growth strategies. CEO Mike Hsu expressed that Culver's insights will be valuable as the company aims to accelerate growth in developing markets.
Kimberly-Clark's Huggies brand is partnering with the National Diaper Bank Network to raise awareness for diaper need during National Diaper Need Awareness Week from September 21-27, 2020. One in three U.S. families experience diaper need, impacting their children’s health and well-being. To combat this, Huggies will donate a case of diapers for every specially marked package purchased at Walmart throughout September, aiming to donate up to five million diapers. Awareness efforts are crucial, especially due to the increased need stemming from the COVID-19 crisis.
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