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 manufactures branded personal care, consumer tissue and professional hygiene products sold in more than 175 countries and territories. Its portfolio includes Huggies, Pull-Ups, Goodnites, Kotex, Depend, Poise, Kleenex, Scott, Cottonelle and WypAll, with updates often tied to product launches, brand initiatives, retailer availability and consumer-use innovations.
Recurring company developments include quarterly operating results, volume and pricing trends, productivity actions, investor conference presentations, governance and ethics matters, and supply-chain or logistics events affecting customer service. The company’s disclosures also describe its North American and international market activity and the role of major tissue and hygiene brands in its sales mix.
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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.