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 announced the awarding of Bright Futures college scholarships to 47 children of its employees across North America. Selected based on academic achievement, leadership, work experience, and extracurricular activities, the scholarships are valued at up to $20,000 each. The Bright Futures program, in its 32nd year, has granted $47 million in scholarships to over 2,300 students since inception. The current scholarship class has an average GPA of 3.97, with recipients attending top-tier institutions such as Cornell University, Georgia Tech, and Stanford. Past recipients have pursued careers in various fields, including medicine and engineering.
Kimberly-Clark has released its annual sustainability report, highlighting progress towards its 2030 goals. Key achievements include a 40.9% reduction in GHG emissions, surpassing water footprint targets, and a 16.4% reduction in plastics. The company aims to be 100% Natural Forest Free beyond 2030. New sustainable products were introduced, including Kotex® paper pouches and reusable menstrual solutions. Social impact programs reached 101 million people globally. Lisa Morden was appointed Chief Sustainability Officer, emphasizing the company's commitment to sustainability and innovation.
Kimberly-Clark has partnered with Ronald McDonald House Charities (RMHC) in Latin America as part of their Changemakers volunteer program. This initiative involves 150 employees across seven countries, aiming to improve the well-being of vulnerable and underserved communities. The partnership has impacted over 800 children and families, aligning with Kimberly-Clark's mission of Better Care for a Better World.
Kimberly-Clark (NYSE: KMB) will participate in the Deutsche Bank Global Consumer Conference on June 4, 2024, at 2 pm CEST (8 am ET). Mike Hsu, Chairman and CEO, along with Nelson Urdaneta, CFO, will represent the company. The presentation will be available via webcast through the Investors section of Kimberly-Clark's website.
Kimberly-Clark celebrates Menstrual Hygiene Day 2024, a global initiative led by WASH United to promote menstrual health and hygiene. The campaign brings together nonprofits, governments, businesses, and media. The Menstruation Bracelet, featuring 28 beads including five red ones, symbolizes the average menstrual cycle and aims to destigmatize periods. In Latin America, volunteers from over 10 countries collaborated with Kotex® and Intimus® brands to create and donate bracelets to institutions supporting menstrual education and female empowerment. Kimberly-Clark appreciates its employees' dedication to fostering a world where menstruation does not hinder women's progress.
Kimberly-Clark Chairman and CEO, Mike Hsu, will speak at Bernstein's 40th Annual Strategic Decisions Conference on May 30, 2024, at 9 am ET. The presentation will be webcast, accessible through the Investors section of Kimberly-Clark's website.
On May 21, 2024, Kimberly-Clark's Huggies brand announced a multi-million-dollar grant to Baby2Baby to expand its Maternal Health & Newborn Supply Kit program. The collaboration, supported by celebrities Kelly Rowland, Olivia Wilde, and Ciara, will work with the U.S. Department of Health and Human Services (HHS) to provide essential products to mothers and babies in need. The event at Baby2Baby's Los Angeles headquarters involved packing kits with Huggies diapers and wipes, reinforcing Kimberly-Clark's commitment to community support and better care.
Kimberly-Clark Professional™ announced the 2024 Greenovation Awards, recognizing 56 companies for their sustainability leadership and waste reduction efforts. These companies participated in The RightCycle™ Program, diverting 419,689 pounds of PPE waste from landfills in 2023. Since its inception, the program has diverted over 5.5 million pounds of PPE waste. Key participants include Arrowhead Pharmaceuticals, Pfizer, and Purdue University. The program helps recycle single-use items into plastic pellets for consumer products. Kimberly-Clark aims to reduce its environmental footprint by 50% by 2030.
Kimberly-Clark (NYSE: KMB) has announced Patricia Corsi as the new Chief Growth Officer, effective July 1, 2024. Corsi succeeds Alison Lewis, who is retiring after 35 years in the consumer products industry, including five years at Kimberly-Clark. Lewis will stay on until September 1, 2024, in an advisory role to ensure a seamless transition. Corsi, joining from Bayer Consumer Health, brings a strong track record in marketing, IT, and digital leadership. She has been recognized as one of the Top Chief Marketing Officers by Cannes Lions and was inducted into the WFA Marketer of the Year Hall of Fame. CEO Mike Hsu expressed enthusiasm for Corsi's leadership in driving long-term growth.
Kimberly-Clark Professional announced that the Kimtech Polaris Nitrile Exam Glove has earned the ACT Label from My Green Lab, making it the first exam glove and PPE product to receive this ecolabel. The certification ensures transparency in reporting environmental impact data for sustainable laboratory procurement. By achieving this certification, Kimberly-Clark aims to provide customers with visibility into their supply chain integrity.
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