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.
On September 3, 2020, Kimberly-Clark Corporation (NYSE: KMB) announced its definitive agreement to acquire Softex Indonesia for approximately $1.2 billion. This strategic acquisition aims to enhance Kimberly-Clark's market share in the growing Indonesian personal care market, particularly in the diaper sector, which is valued at $1.6 billion. Softex Indonesia ranks second in the diaper market and has consistently delivered double-digit growth, with 2019 net sales of $420 million. The acquisition is expected to close in Q4 2020, financed through debt and cash.
Kimberly-Clark Corporation (NYSE: KMB) will participate in the 2020 Barclays Global Consumer Staples Conference on September 9 at 9:00 a.m. CDT. Chairman and CEO Mike Hsu will outline the company's strategies for enhancing shareholder value. The webcast can be accessed via the Investors section of Kimberly-Clark's website, where presentation materials will also be available. Kimberly-Clark operates in over 175 countries and offers top brands like Huggies and Kleenex, holding leading market positions globally. Sustainable practices are a core focus for the company.
Kimberly-Clark has joined the U.S. Plastics Pact, a significant initiative aimed at transforming plastic waste management in the U.S. By 2025, Kimberly-Clark commits to ambitious goals including ensuring all plastic packaging is 100% reusable, recyclable, or compostable, and achieving a 30% average of recycled content in packaging. The company emphasizes transparency through annual reporting on its progress. This move aligns with its broader 2030 sustainability strategy, targeting improved lives for one billion people worldwide while minimizing environmental impacts.
The latest offering from Pull-Ups®, New Leaf™, features plant-based ingredients like sugarcane, providing the same trusted protection parents expect. Celebrated for its superior softness, it aims to make potty training a comfortable experience for children. Exclusive designs from Disney’s "Frozen II" are included, enhancing engagement. The product is hypoallergenic, has soft, refastenable sides, and offers leak protection. Sizes 2T-5T are now available at retailers nationwide.
The board of directors of Kimberly-Clark Corporation (NYSE: KMB) has declared a regular quarterly dividend of $1.07 per share. This dividend is scheduled for payment on October 2, 2020, to stockholders of record on September 4, 2020.
This marks the 48th consecutive year of dividend increases and the 86th straight year of dividend payments by Kimberly-Clark, reinforcing the company's commitment to returning value to shareholders.
Kimberly-Clark Corporation (KMB) reported second quarter 2020 net sales of $4.6 billion, reflecting a slight increase and 4% organic sales growth. Diluted net income per share rose to $1.99 compared to $1.40 in 2019, with adjusted earnings per share at $2.20, up 32% from the prior year. The company expects full-year net sales to increase by 1-2% with organic growth of 4-5%. Cash flow from operations reached $1,579 million. Kimberly-Clark is restoring financial guidance and restarting its share repurchase program after a temporary suspension due to COVID-19 uncertainties.
Kimberly-Clark Corporation (NYSE: KMB) will host a live webcast at 9 a.m. CDT on July 23, 2020, to discuss its second quarter 2020 results. Chairman and CEO Mike Hsu, along with Senior VP and CFO Maria Henry, will participate. A detailed news release will be shared via PR Newswire and First Call earlier that day. Investors can access the webcast and presentation through the Investors section of Kimberly-Clark's website. The company continues to prioritize transparency by posting future earnings release dates and related webcasts online.
On June 23, 2020, Kimberly-Clark announced enhanced greenhouse gas (GHG) emissions targets approved by the Science Based Targets initiative. By 2030, the company aims to achieve a 50% reduction in absolute Scope 1 and Scope 2 GHG emissions, alongside a 20% reduction in Scope 3 emissions, using 2015 as a baseline. This initiative aligns with the Paris Climate Agreement. Kimberly-Clark's ambitious sustainability goals have evolved over 25 years, reflecting a commitment to innovation and environmental responsibility, as they expand their focus to include forest carbon footprints.
The Depend brand, part of Kimberly-Clark, reveals a new design for its Silhouette and Real Fit lines of incontinence products, available nationwide. Key updates include Advanced Shapewear Technology, new color collections, and an expanded size range for women’s Silhouette Underwear, while men’s Real Fit Briefs offer softer fabric in black and grey. The campaign 'The Only Thing Stronger Than Us Is You' aims to destigmatize incontinence, addressing the 65 million Americans affected. The brand focuses on innovation to enhance customer confidence and provide better solutions.
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