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Kimberly-Clark Corporation (NYSE: KMB) news hub provides investors and stakeholders with centralized access to official company communications and market-moving developments. Track all essential updates from this global leader in personal care and consumer tissue products, including earnings announcements, product innovations, and strategic initiatives.
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Kimberly-Clark Corporation (NYSE: KMB) reported its year-end 2022 results, showing fourth-quarter net sales of $5.0 billion, unchanged from last year, with a 5% organic sales growth. Full-year 2022 sales rose 4% to $20.2 billion, while diluted net income per share was $5.72, a 7% increase year-over-year. The company anticipates a slight sales increase of 0-2% for 2023, with diluted earnings per share expected to rise 2-6%. A 1.7% dividend increase was also approved, marking the 51st consecutive annual rise. CEO Mike Hsu noted strong execution amid inflationary pressures and emphasized ongoing investments in their brands.
Kimberly-Clark Corporation (NYSE: KMB) will announce its fourth quarter and full year 2022 results on January 25 at 6:30 a.m. CST. Following the announcement, Chairman and CEO Mike Hsu and CFO Nelson Urdaneta will conduct a live webcast at 9 a.m. CST. Interested stakeholders can access the webcast link and related materials via the Investors section of Kimberly-Clark's website. The company emphasizes its commitment to sustainability and its leading brands, which are integral to consumer life in over 175 countries.
Kimberly-Clark Corporation (NYSE: KMB) has declared a quarterly dividend of $1.16 per share, payable on January 4, 2023, to shareholders on record as of December 9, 2022. This marks the 50th consecutive year of dividend increases and the 88th year of continuous dividends for shareholders. Additionally, the company will hold its annual shareholder meeting on April 20, 2023.
On World Toilet Day, Kimberly-Clark emphasizes its ongoing efforts addressing the global sanitation crisis through its Toilets Change Lives program, which has positively impacted over 7 million users across 15 countries. The company collaborates with partners like WaterAid and Water For People to promote safe sanitation, clean water, and hygiene education. Their initiatives aim to serve 1 billion people by 2030 while minimizing environmental impact. The foundation's work supports community dignity and health, showcasing the company's commitment to social responsibility.
Kimberly-Clark Corporation (KMB) reported third quarter 2022 net sales of $5.1 billion, a 1% increase year-over-year, driven by a 5% organic sales growth. Diluted earnings per share dipped to $1.38 compared to $1.39 in 2021. Adjusted earnings per share were $1.40, down 14%. Input costs rose by $360 million, impacting margins. Operating profit was $655 million. The company expects 2022 diluted net income per share at $5.67 to $6.10 and aims for organic sales growth of 5% to 7% amidst challenging market conditions.
Kimberly-Clark Corporation (NYSE: KMB) will release its third quarter 2022 results on October 25 at approximately 6:30 a.m. CDT. The announcement will include prepared remarks from Chairman and CEO Mike Hsu and CFO Nelson Urdaneta at 7 a.m. CDT, followed by a live Q&A webcast for analysts at 9 a.m. CDT. Stakeholders should regularly check the company’s website for updates on future earnings releases. Kimberly-Clark is known for essential brands like Huggies and Kleenex, serving consumers in over 175 countries.
Kimberly-Clark appointed Andrea Zahumensky as President of Personal Care for its North American consumer business, effective October 13, 2022. Zahumensky, with over 20 years at Procter & Gamble and experience as CMO at Yum! Brands, will oversee iconic brands like Huggies and Depend. She aims to drive growth and innovation in Kimberly-Clark's Personal Care division, which includes major products in Baby, Child, and Feminine Care.
Huggies, a Kimberly-Clark brand, is partnering with designer Kristen Noel Crawley to create a limited-edition T-shirt line to raise awareness for diaper need in the U.S. During National Diaper Need Awareness Week (Sept 24 - Oct 2, 2022), for every T-shirt purchased, 100% of the sales (excluding shipping) will be donated to the National Diaper Bank Network. This initiative highlights the struggles faced by 1 in 3 families in affording diapers, with the goal of bringing attention to the urgent need for clean diapers for babies. Huggies has donated over 200 million diapers to support this cause since 2011.
Kimberly-Clark Corporation (NYSE: KMB) has appointed Tamera Fenske as Chief Supply Chain Officer, effective September 19, 2022. Fenske brings extensive experience from her previous role at 3M, where she led supply chain operations across the U.S. and Canada. In her new position, she will oversee global procurement, manufacturing, logistics, and sustainability efforts. Mike Hsu, CEO, expressed confidence in her leadership abilities to enhance Kimberly-Clark's supply chain performance and drive growth.
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