Kimberly-Clark Corp Stock Price, News & Analysis

Kimberly-Clark Corporation (NYSE: KMB) appointed Zack Hicks as Chief Digital and Technology Officer, effective July 26, 2022. This new role reflects the company's focus on enhancing digital technology to strengthen brand capability. Hicks brings 26 years of leadership experience from Toyota, where he led significant advancements in digital transformation and technology innovation. His background includes leading the development of in-vehicle multimedia systems and a big data platform. CEO Mike Hsu expressed confidence in Hicks' ability to drive growth through technology.

Kimberly-Clark Corporation (NYSE: KMB) reported a 7% increase in second quarter 2022 net sales, reaching $5.1 billion, driven by 9% organic sales growth. Diluted net income per share rose to $1.29 from $1.19 year-over-year. However, adjusted earnings per share decreased by 9% to $1.34. The company revised its full-year organic sales growth outlook upwards to 5-7%. Operating profits improved to $621 million but were impacted by $405 million in higher input costs. Cash flow from operations increased significantly to $740 million, while total debt stood at $8.7 billion. Key areas of growth included personal care and consumer tissue segments.

Kimberly-Clark Corporation (NYSE: KMB) will announce its second quarter 2022 financial results on July 26, 2022, with a news release at 6:30 a.m. CDT. Following this, prepared remarks from CEO Mike Hsu and CFO Nelson Urdaneta will be available at 7:00 a.m. CDT. A live Q&A session is scheduled for 9:00 a.m. CDT. Interested parties can access these details through the Investors section of the company's website. Kimberly-Clark's trusted brands hold leading market positions in over 80 countries.

On June 22, 2022, Kimberly-Clark Professional, a leader in contamination control solutions, announced an expansion of The RightCycle Program. This initiative now includes recycling of flex-film plastic packaging from its Kimtech and KleenGuard products. Since its inception in 2011, the program has helped over 900 customers divert 3.7 million pounds of waste. The program, which is now available in nine countries, aims to address the low recycling rates of plastic waste and aligns with Kimberly-Clark's commitment to sustainability and its 2030 ambition to improve lives with minimal environmental impact.

On June 7, 2022, Kimberly-Clark Professional announced its partnership with GOJO Industries to showcase the Onvation® smart restroom technology at the Realcomm 2022 expo. This innovative solution optimizes restroom servicing, addressing labor shortages and hygiene concerns as employees return to offices post-pandemic. Onvation leverages IoT to enhance operational efficiency, reducing service time by 90% and visitor complaints by 75%. Attendees will interact with the technology, enhancing facility management and supporting sustainability goals.

Huggies is donating up to $60,000 to the nonprofit Hand to Hold as part of its 2022 Project Hug™ campaign. From May 22 to June 18, 2022, for every box of Huggies diapers purchased, $2 will be donated to support NICU families. Huggies aims to assist parents facing challenges in the NICU, where one in seven U.S. babies is admitted. This partnership enhances emotional and mental health support for NICU parents through educational resources and community engagement.