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.
Scary Mommy, the leading media brand for U.S. moms, has launched a new comedy series, Up Early Tonight, in partnership with Huggies. This late-night talk show, hosted by comedian Abbi Crutchfield, offers relatable humor to moms as they navigate challenges during 2020. Set to stream on Hulu starting December 17, the series includes four 20-minute episodes featuring various guest comedians. The initiative aims to provide entertainment and support for moms facing unique pressures during the pandemic, showcasing the strong collaboration between Scary Mommy and Huggies.
The Kleenex brand has partnered with Dr. Contessa Metcalfe to address consumer concerns about the upcoming cold and flu season. A recent survey revealed that 87% of Americans plan to prepare for the season, with 80% intending to buy preventive items like facial tissues and hand sanitizers. Dr. Metcalfe emphasizes hygiene and using Kleenex tissues to reduce the spread of viruses. Kleenex also offers Soothing Lotion tissues to alleviate dry skin due to frequent use. This initiative aims to promote health awareness as cold and flu season approaches.
Kimberly-Clark Corporation (NYSE: KMB) has declared a quarterly dividend of $1.07 per share, payable on January 5, 2021, to shareholders on record as of December 4, 2020. This marks the 48th consecutive year of dividend increases and the 86th year of dividend payments. Additionally, KMB has scheduled its next annual shareholder meeting for April 29, 2021.
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.
FAQ
What is the current stock price of Kimberly-Clark (KMB)?
What is the market cap of Kimberly-Clark (KMB)?
What does Kimberly-Clark Corporation do?
What are some of Kimberly-Clark's most popular brands?
Where does Kimberly-Clark generate most of its sales?
What recent initiatives has Kimberly-Clark announced?
What is Kimberly-Clark's commitment to sustainability?
How did Kimberly-Clark perform financially in 2023?
When is Kimberly-Clark's next earnings release?
What are Kimberly-Clark's strategic priorities for 2024?
What is the significance of Kimberly-Clark's new operating model?
How does Kimberly-Clark contribute to community welfare?
