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 (NASDAQ: KMB) is a global personal care and sanitary paper product manufacturer whose brands, according to the company, are an indispensable part of life for people in more than 175 countries and territories. The KMB news page on Stock Titan aggregates company-issued announcements, earnings updates, strategic transactions and brand-level campaigns so readers can follow developments affecting Kimberly-Clark stock and its extensive portfolio of consumer and professional products.
Recent news releases highlight several key themes. Earnings announcements and related Form 8-K filings provide updates on quarterly results, organic sales growth, transformation initiatives and segment performance in North America and International Personal Care. Capital allocation and shareholder returns are covered through dividend declarations, where the company notes a multi-decade record of paying and increasing dividends.
Strategic moves are another major news category. Kimberly-Clark has announced an agreement to acquire Kenvue Inc., described as a global consumer health leader and the world’s largest pure-play consumer health company by revenue. Separate disclosures outline a joint venture involving the former International Family Care and Professional segment with Suzano S.A., reflecting ongoing portfolio reshaping. These items appear in both press releases and SEC-referenced communications.
Brand and social impact news is also prominent. Releases describe initiatives from Huggies, Depend and Thinx, including campaigns around men’s health, prostate cancer awareness, period stigma reduction and support for teen athletes. Additional stories cover the Kimberly-Clark Foundation’s partnerships with Baby2Baby, Plan International, Project HOPE and UNICEF to expand access to menstrual, maternal and infant care in multiple countries.
Investors, analysts and consumers can use this news feed to monitor how Kimberly-Clark’s strategic actions, financial results, acquisitions, joint ventures and purpose-driven programs relate to the KMB ticker and the company’s stated goal of delivering Better Care for a Better World.
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Kimberly-Clark Corporation (NYSE: KMB) reported first quarter 2023 results with net sales of $5.2 billion, reflecting a 2% growth and 5% organic growth. The increase stems from a 10% price increase and enhanced product mix, despite a 5% decline in volume. Gross margin improved by 340 basis points to 33.2%, aided by revenue growth management initiatives. Diluted EPS rose 8% to $1.67, jumping 24% on an adjusted basis. The company's 2023 outlook for adjusted EPS growth has been raised to 6% - 10%, with an anticipated low double-digit increase in operating profit. Challenges remain due to ongoing inflation, impacting input costs by $160 million. Cash flow from operations was robust at $613 million.
The board of directors of Kimberly-Clark Corporation (NYSE: KMB) has declared a quarterly dividend of $1.18 per share, payable on July 5, 2023, to stockholders on record as of June 9, 2023. This marks the 51st consecutive year of increased dividends and the 89th consecutive year of dividend payments to shareholders. Kimberly-Clark continues to demonstrate financial stability and commitment to its investors.
With trusted brands such as Huggies and Kleenex, Kimberly-Clark operates in over 175 countries, holding significant market shares. The company has been recognized as one of the world's most ethical companies by Ethisphere for five consecutive years, underscoring its dedication to sustainable practices. For more details, visit Kimberly-Clark.com.
On April 18, 2023, Kimberly-Clark Professional announced its sponsorship of the My Green Lab Ambassador Program, aimed at promoting sustainability in laboratories. This initiative aligns with Kimberly-Clark's 2030 ambition to enhance the lives of 1 billion people while minimizing environmental impacts. The program offers free resources and networking opportunities for scientists and lab professionals committed to sustainability. Additionally, Kimberly-Clark's RightCycle Program, launched in 2011, has successfully recycled over 2,000 metric tons of personal protective equipment (PPE) waste across 11 countries. This expansion focuses on reducing waste and promoting sustainable practices in various sectors, including pharmaceuticals and manufacturing.
Kimberly-Clark Corporation (NYSE: KMB) is set to release its first quarter 2023 financial results on April 25, 2023, at approximately 7:30 a.m. CDT. Following the announcement, Chairman and CEO Mike Hsu, along with CFO Nelson Urdaneta, will participate in a live webcast covering the results.
The webcast will be accessible via the Investors section of Kimberly-Clark's website, where the company will also continue to post future quarterly earnings release dates and related webcasts. Kimberly-Clark is committed to sustainability and innovation, with a diverse portfolio of brands including Huggies and Kleenex.
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On April 11, 2023, Kimberly-Clark Professional announced the expansion of The RightCycle Programme to the Netherlands and Switzerland, making it available in 11 countries across Europe and North America. This program, which began in the U.S., focuses on recycling non-hazardous PPE waste, helping customers divert over 2,000 metric tons of waste since its inception. The initiative aligns with the company's commitment to reduce environmental impact and foster a circular economy. It also supports Kimberly-Clark's 2030 ambition to improve lives while minimizing environmental footprints. The RightCycle Programme now includes additional categories for recycling, enhancing Kimberly-Clark's sustainability efforts.
Kimberly-Clark executive Lori Shaffer spoke at Purdue University, emphasizing the importance of embracing opportunities that challenge personal growth. During her keynote address to the Women in Engineering Mentees & Mentors Program, she encouraged students to maintain an agile mindset and seek challenges. Shaffer highlighted her career at Kimberly-Clark and shared insights into adaptability as a crucial skill in today’s dynamic environment. Kimberly-Clark, a leader in consumer goods, reaches people in over 175 countries and holds a strong market position with brands like Huggies and Kleenex. The company is committed to sustainability and continuous innovation, as detailed on their website.
Kimberly-Clark announced that three green hydrogen projects it is developing have been shortlisted by the UK Government for the Hydrogen Business Model Strategy. This initiative aims to support 250MW of electrolytic hydrogen projects to kickstart the UK's low carbon hydrogen economy. Kimberly-Clark expects a 61% reduction in natural gas consumption in the UK by the end of 2025 as these projects come online. The projects will supply a total of 50MW of green hydrogen to its UK manufacturing facilities. Additionally, a new wind farm in Scotland, operational from April 2023, will provide around 160,000 MWh of renewable energy annually, further reducing greenhouse gas emissions by 86% by 2025 compared to 2015 levels. Contracts for the hydrogen projects are expected later this year, with operations beginning in 2025.